Trend Direction Force Index Indicators MT4


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.

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.

Force Index mtf

Force Histo mtf 2           (upgraded-user friendly)

Some smoothed versions
Trend direction & force index - smoothed 4

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.

Trend direction + force index - smoothed 4_1 histo

Trend direction + force index - smoothed 4_2
this version having 32 latest averages and double smoothed too

Trend direction + force index - smoothed 4_3
VHF adaptive addition in this version

Trend direction + force index - smoothed 4.30 histo + lines
for this histo there is a trend mode,if trend mode = false,you get the first histo,if true you get the bottom histo