It’s all about the title: “The Balance of Market Power Alerts are an indicator created to assess the strength of market polarization between sellers and buyers. It measures the power of bulls and bears to compete with the net price of retail. While it looks similar to the RSI, however, it isn’t an indicator that is rage-bound. It is therefore dependent on any area of the indicator’s window, which is towards the lowest point of the price action. These values have been smoothed by simple moving averages, whereas the bands employ Jurik deviation instead of the standard deviation.
How to Trade Using the Balance of Market Power Nrp Alerts Indicator
The indicator informs you whenever the power balance shifts between sellers and buyers. Utilizing the indicators is simple. You just need to recognize the color and the indication of direction.
- Buy at the time that the indicator’s color changes from deep sky blue and then shifts upwards.
- Make a short move as the indicator goes downward and the color changes to light violet red.
Conclusion
This balance of power NRP alerts indicator was created to give you a simple way to determine if the bears or bulls have the upper hand. Simply trade according to what the markets are doing.
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