Force Index - FI


Description

Force Index = Volume Today * (Close Today - Close Yesterday)

Use two separate FI indicators: a very short-term EMA (2-days) and a short-term EMA (13-days).

Parameters


Formula Reference:

Syntax
FI(Smoothing Type, Smoothing)
Function
Force Index
Example
FI(SMA, 14)

Acknowledgements

Alexander Elder, "Trading for a Living" ISBN: 0471592242, 0471592250

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