Balance of Power

The ratio of the close-open range to the high-low range — shows the dominance of buyers or sellers. Balance of Power (BOP) normalizes the difference between the close and open prices to the candle’s range. Values range from -1 to +1. Positive values indicate the dominance of buyers, negative — sellers.

Formula:

BOP = (Close - Open) / (High - Low)

Triggers

Trigger	Direction	Condition	Description
Level cross up	🟢 Buy	The indicator value crossed the specified level from below to above.	The BOP line crosses the configurable level Level from below to above. Level is set in the trigger parameters.
Level cross down	🔴 Sell	The indicator value crossed the specified level from above to below.	The BOP line crosses the Level from above to below. Level is set in the trigger parameters.
Value above level by N	🟢 Buy	The indicator value rose above the level by the specified distance.	The BOP line crosses the Level + Distance mark, moving up. The distance delays entry until a confirmed breakout of the level.
Value below level by N	🔴 Sell	The indicator value dropped below the level by the specified distance.	The BOP line crosses the Level − Distance mark, moving down.
Value rising	🟢 Buy	The indicator value is rising relative to the previous bar.	The BOP line is higher on the current bar than on the previous one — upward momentum.
Value falling	🔴 Sell	The indicator value is falling relative to the previous bar.	The BOP line is lower on the current bar than on the previous one — downward momentum. Fires on every declining bar.
Slope turns positive	🟢 Buy	The indicator slope turned positive — an upward reversal.	The BOP line changes its slope from descending to ascending — the indicator stopped falling and started rising.
Slope turns negative	🔴 Sell	The indicator slope turned negative — a downward reversal.	The BOP line changes its slope from ascending to descending — the indicator stopped rising and started falling.
Zero cross up	🟢 Buy	The indicator line crossed zero from below to above — a buy signal.	The BOP line crosses the zero level from below to above.
Zero cross down	🔴 Sell	The indicator line crossed zero from above to below — a sell signal.	The BOP line crosses the zero level from above to below.

Trigger parameters

Parameter	Type	Default	Range / Values
Level (Value above level by N, Value below level by N, Level cross up, Level cross down)	float	0
Distance (Value above level by N, Value below level by N)	float	0	0>

Use in Cryptorg

This indicator is available in Cryptorg on Bybit and Binance liquidity. Its triggers integrate directly into Crazy bots — use them to open or close deals automatically.