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## Trend Direction Force Index Indicators

Moderators: mntiwana, mrtools

#1
Force Index Indicators
and
Trend direction & Force Index Indicators

This thread is specified for all sorts Force Index and Trend Direction Force Index indicators

DEFINITION of 'Force Index'

The Force Index is an oscillator that fluctuates above and below zero. It combines price movement and volume to assess the force behind price movements and spot potential trend changes. Use the following calculation to produce a 1-period Force Index:

Force Index (1) = [Close (current period)  -  Close (prior period)] x Volume

Alexander Elder, the creator of the indicator, suggested using a 13-period Force Index:

Force Index (13) = 13-period exponential moving average of Force Index(1)

The 13-period Force Index confirms short-term uptrends when above zero, and confirms short-term downtrends when below zero. When the Force Index Diverges with price, it indicates a trend change may be coming.

#2
Let us start from Averages versions first.
Trend direction & force index - averages alerts 2
20 averages-mtf-alerts,interpolated-change color on zero line cross.
Attachments
EURUSDM15.png (34.07 KiB) Viewed 4208 times
image_187250.png (44.57 KiB) Viewed 4242 times
Trend direction & force index - averages alerts 2.mq4
#4
Force Histo mtf 2           (upgraded-user friendly)
Attachments
EURUSDM15-histo.png (36.02 KiB) Viewed 4202 times
Force Histo mtf 2.mq4

#6
Trend direction and force index - smoothed 4_1
in this version you can have mtf-26 averages choice,20 prices,vlines,lines on first bar,unique ID for lines,lines draw in what shape options,interpolation and alerts too.
Attachments
EURUSDM15.png (44.34 KiB) Viewed 4186 times
Trend direction and force index - smoothed 4_1.ex4

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