Force index with Floating Levelsmo1355 wrote: Mon Aug 12, 2024 12:44 pm Hi mrtools. I’m thinking of something like this here done by mladen on MACD: "MACD of RSI adaptive EMA - with floating levels"
Given Force Index is also an unbound indicator, I thought it might benefit from the same idea, i.e. “using RSI adaptive EMA for smoothing FI, which should make it possible to put a sort of over bought and over sold levels on it by using floating levels.”
Hope this makes sense. And thanks again for your time and effort.
Mo
Hello, maybe try this version. Added an option (if smoothing > 1) for smoothing.
PS: For a version which uses ATR Bands instead, please see here.
Screenshot_170.png General Staff of the Armed 
