Overview
The force index is a technical indicator that measures the amount of power used to move the price in a trend. The term and its formula were developed by psychologist and trader Alexander Elder and published in his 1993 book Trading for a Living.
We took the original Force Index indicator and upgraded it to the next level
Choose from 12 different moving average types
The original force index used a standard EMA for its calculation. We extended this so you can choose any of the 12 different moving average types including the WMA and VWMA
Alerts
The indicator can give you an audible alert when the histogram crosses the 0-line
Paint bars
when enabled this paints all bars so you can clearly see how much effort is made to push the trend forward
Features
- Measures the amount of power used to move the price in a trend
- 12 different moving average types
- Paint bars
- Alerts
- Works on timeframe
- Works on any market (futures, forex, crypto, stock, options, etc)
- Works on any bar-type (time, tick, volume, range, Renko, etc...)
Changelog
9-jan-2023
- a added McGinley moving average
- fixed issue with multiple alerts / bar
Media