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. | Investor Favorites Invested over 40 shares | |
 | Momentum Invested over 50 shares | |
 | Automobiles and Trucks Invested over 200 shares | |
 | Business Services Invested few shares | |
 | FinTech Invested over 40 shares | |
 | Impulse Invested few shares | |
 | Macroaxis Index Invested few shares | |
 | Blockchain Invested few shares | |
 | Technology Invested few shares | |
Other Complementary Tools
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum |