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Balance of power calculator

Who wins inside each bar, buyers or sellers, scored from -1 to +1 and averaged.

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The bars

Oldest first. Four numbers per bar, bars split by semicolons: 2350 2358 2328.8 2333.5; 2333.5 2334.5 2285.6 2301.4
14 is common. The average smooths the bar-by-bar score.

The balance of power

The 14-bar balance of power is +0.01. Buyers have had the upper hand, barely.

The bars
7 of the last 14 bars closed above their open. The last bar closed 65% of its range below its open, a score of -0.65. The average was +0.04 a bar before.
How it is read
Each bar scores from -1, opened at the high and closed at the low, to +1, opened at the low and closed at the high. Above zero, buyers have been pushing the closes up from the opens; below zero, sellers have. Many traders watch the cross of zero.
Read it with care
It ignores gaps between bars and the size of each bar: a tiny bar can score +1. Markets that trade around the clock have opens that sit close to the previous close.

The score per bar and its 14-bar average. The last bar is marked.

BarCloseScoreAverage
7 ago2,313.50-0.80-0.16
6 ago2,308.10-0.53-0.16
5 ago2,301.90-0.38-0.14
4 ago2,316.30+0.75-0.13
3 ago2,329.80+0.66-0.04
2 ago2,338.50+0.49+0.03
1 ago2,332.10-0.38+0.04
Last2,319.40-0.65+0.01

Education only, not investment advice. The answer comes from the numbers you typed in, not from your account or the market. Simulated results are hypothetical and have limits: real trading has slippage, gaps, changing results and emotions. Trading leveraged products can lose money quickly, including all of it. Risk warning

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Educational only, not financial advice; trading involves risk.

Who won the bar

Igor Livshin described the balance of power in 2001. It asks one question of every bar: how far did the close get from the open, measured against the bar's whole range? A bar that opens at its low and closes at its high is a clean win for buyers; the reverse is a clean win for sellers. Averaging the scores shows who has been winning.

See the candles smoothed with the Heikin-Ashi calculator, check the same question with volume using the Chaikin money flow calculator, and size the trade with the position size calculator.

Not advice. Arithmetic on the bars you type; an indicator describes the past bars, not the next one.

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