Compact mode
Percentage Price Oscillator (PPO) vs Force Index vs Balance Of Power (BOP)
Table of content
General Information Comparison
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.Percentage Price Oscillator (PPO)Force Index- VolumeForce Index is a Volume type indicator. Indicators that analyze trading volume to confirm price movements
Balance of Power (BOP)- VolumeBalance of Power (BOP) is a Volume type indicator. Indicators that analyze trading volume to confirm price movements
Asset Class 💰
Specifies the financial instruments for which the indicator is most commonly usedFor all*Percentage Price Oscillator (PPO)Balance of Power (BOP)Known for 💭
The unique selling point or distinguishing feature of the trading indicatorPercentage Price Oscillator (PPO)- Relative Strength MeasurementPercentage Price Oscillator (PPO) is known for Relative Strength Measurement.
Force Index- Combining Price Changes With VolumeForce Index is known for Combining Price Changes With Volume.
Balance of Power (BOP)- Measuring Market SentimentBalance of Power (BOP) is known for Measuring Market Sentiment.
Made In 🌍
The country or origin of the trading indicatorFor all*- United StatesIndicators developed in the USA, reflecting American trading principles
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.For all*Complexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorFor all*Popularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityPercentage Price Oscillator (PPO)- MediumThe popularity of Percentage Price Oscillator (PPO) among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
Force Index- LowThe popularity of Force Index among traders is considered Low. Indicators with lower adoption but potential unique insights
Balance of Power (BOP)- LowThe popularity of Balance of Power (BOP) among traders is considered Low. Indicators with lower adoption but potential unique insights
Facts Comparison
Interesting Fact 💡
An intriguing or lesser-known fact about the trading indicatorPercentage Price Oscillator (PPO)- Similar to MACD but uses percentage for comparison
Force Index- Developed by Dr. Alexander Elder
Balance of Power (BOP)- Calculates the strength of buying and selling pressure
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorPercentage Price Oscillator (PPO)- It's the MACD's hipster cousin
Force Index- It's like measuring the market's muscle power
Balance of Power (BOP)- It's like a tug-of-war meter for bulls and bears
Application Comparison
Timeframe 🕑
The time intervals or periods for which the trading indicator is most effective or commonly used.For all*- DailyIndicators optimized for daily chart analysis, suitable for swing and position traders.
Percentage Price Oscillator (PPO)- WeeklyPercentage Price Oscillator (PPO) is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.
Balance of Power (BOP)- IntradayBalance of Power (BOP) is most effective for Intraday timeframes. Indicators designed for short-term, within-day trading analysis and quick decision-making.
Technical Details Comparison
Calculation Method 🧮
The mathematical or analytical approach used to compute the trading indicator's values.Percentage Price Oscillator (PPO)Force IndexBalance of Power (BOP)Signal Generation 📊
Describes the methods by which the indicator produces trading signalsPercentage Price Oscillator (PPO)- CrossoversPercentage Price Oscillator (PPO) generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes
- DivergencesPercentage Price Oscillator (PPO) generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals
Force Index- DivergencesForce Index generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals
Balance of Power (BOP)- ThresholdsBalance of Power (BOP) generates trading signals through Thresholds. Indicators that generate signals when certain predefined levels or conditions are met
Customization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorPercentage Price Oscillator (PPO)- PeriodPercentage Price Oscillator (PPO) offers customization options for Period. Enables customization of analysis timeframe Click to see all.
- Signal LinePercentage Price Oscillator (PPO) offers customization options for Signal Line. Customizable signal line for precise trend identification Click to see all.
Force IndexBalance of Power (BOP)
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorPercentage Price Oscillator (PPO)Force IndexBalance of Power (BOP)Purpose 📈
The primary purpose or application of the trading indicatorPercentage Price Oscillator (PPO)- Comparing Momentum Across AssetsPercentage Price Oscillator (PPO) is primarily used for Comparing Momentum Across Assets.
Force IndexBalance of Power (BOP)
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorPercentage Price Oscillator (PPO)- Useful For Comparing Assets
- Adaptable To Different Timeframes
Force Index- Provides Insight Into Buying/Selling PressureReveals market supply and demand dynamics, aiding in trend prediction
- Confirms Trends
Balance of Power (BOP)- No Need For Volume DataUseful for markets or assets where volume data is unavailable or unreliable
- Helps Identify Potential Reversals
Cons 👎
Disadvantages or limitations of the trading indicatorPercentage Price Oscillator (PPO)- Can Produce False Signals In Ranging Markets
- Requires Context
Force Index- Can Be Volatile In Low-Volume ConditionsIndicators that remain stable and accurate in low-volume trading environments Click to see all.
- Requires Smoothing For Better Signals
Balance of Power (BOP)
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorPercentage Price Oscillator (PPO)Force IndexBalance of Power (BOP)Ease of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isPercentage Price Oscillator (PPO)Force IndexBalance of Power (BOP)Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesPercentage Price Oscillator (PPO)Force IndexBalance of Power (BOP)Customization Score 🔧
A score representing the degree of customization available for the trading indicatorPercentage Price Oscillator (PPO)- 7.5The customization score for Percentage Price Oscillator (PPO) is 7.5 out of 10.
Force Index- 6.5The customization score for Force Index is 6.5 out of 10.
Balance of Power (BOP)- 6.5The customization score for Balance of Power (BOP) is 6.5 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsPercentage Price Oscillator (PPO)Force IndexBalance of Power (BOP)
Alternatives to Percentage Price Oscillator (PPO)
Momentum Indicator
Known for Price Velocity
💻
is easier to use than Percentage Price Oscillator (PPO)
Know Sure Thing (KST)
Known for Trend Strength Measurement
💯
is more reliable than Percentage Price Oscillator (PPO)
Awesome Oscillator (AO)
Known for Simplicity And Effectiveness
💯
is more reliable than Percentage Price Oscillator (PPO)
💻
is easier to use than Percentage Price Oscillator (PPO)
Chaikin Oscillator
Known for Accumulation/Distribution Trends
💯
is more reliable than Percentage Price Oscillator (PPO)
Chaikin Money Flow (CMF)
Known for Identifying Accumulation/Distribution
💯
is more reliable than Percentage Price Oscillator (PPO)
Triple Exponential Average (TRIX)
Known for Filtering Out Market Noise
💯
is more reliable than Percentage Price Oscillator (PPO)
Elder Triple Screen
Known for Trend-Momentum Alignment
💯
is more reliable than Percentage Price Oscillator (PPO)
🔀
is more versatile than Percentage Price Oscillator (PPO)
🔧
is more customizable than Percentage Price Oscillator (PPO)
⭐
is rated higher overall than Percentage Price Oscillator (PPO)