Unknown Indicator
Daily Balance Of Power In A Nutshell
When you look at a market, equity, or trading instrument, you typically first look to see if the market is trending up or down. You can make money on either direction, but you want to be sure of the direction before going forward and that is where balance of power comes in.
Balance of power is simply the battle between the bears and the bulls and which one has greater control at the current moment. This can help you to begin to formulate your directional opinion on the market.
Closer Look at Daily Balance Of Power
Understanding which is greater, bears or the bulls can give you an edge on your investing. Let us take an example of seeing an up trend and you are using Bollinger Bands, which is great way to see if the trend will continue. Adding balance of power can help you to see the flow of power to the upside or downside, giving you a more confirmed opinion.
Just like an tool, these are not one hundred percent and should be used with a little bit of reserve. For technical trading, this tool will work better because it will help to show you insight that fundamental analysis may not. Another aspect to keep in mind is the flow of funds from institutional investors, because they drive much of the volume you see on the popular stocks. Another great tool to complement this would be the flow of funds, which could give you a look at the buying and selling with a little more detail.
Be sure to test this on a demo account first because you have to ensure it will fit with your current setup and why risk a live account when you can test it for free. Check the Internet and see how other people are trading it because this can give you more ways to utilize this tool. If you ever get stuck, reach out to your investing professional and they can certainly help point you in the right direction with understanding the charting tool. Understanding the flow of funds and balance of power will open a whole new world into your trading and investing mindset.
Other Indicators
All Technical Analysis
Trending Themes
If you are a self-driven investor, you will appreciate our idea-generating investing themes. Our themes help you align your investments inspirations with your core values and are essential building blocks of your portfolios. A typical investing theme is an unweighted collection of up to 20 funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of equities with common characteristics such as industry and growth potential, volatility, or market segment.Blockchain Invested few shares | ||
Adviser Favorites Invested a lot of shares | ||
Impulse Invested over 100 shares | ||
Macroaxis Index Invested few shares | ||
Hedge Favorites Invested over 40 shares | ||
ESG Investing Invested few shares | ||
Momentum Invested few shares | ||
Tech Growth Invested over 100 shares | ||
FinTech Invested over 70 shares | ||
Millennials Best Invested over 30 shares | ||
Alternative Energy Invested a lot of shares | ||
Driverless Cars Invested over 50 shares | ||
Data Storage Invested few shares | ||
Information Technology ETFs Invested few shares |
Other Complementary Tools
Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
Content Syndication Quickly integrate customizable finance content to your own investment portal | |
Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
Fundamental Analysis View fundamental data based on most recent published financial statements |