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).
Syntax |
FI(Smoothing Type, Smoothing) |
Function |
Force Index |
Example |
FI(SMA, 14) |
Alexander Elder, "Trading for a Living" ISBN: 0471592242, 0471592250