Re: Trend Direction Force Index Indicators MT4

225
indicator author
Darks wrote: Sun Jan 30, 2022 3:58 am Multi time frame version of the same


Force index, originally developed by Alexander Elder is an indicator used to gauge the buying and selling strength of an asset.

Formula:-

Force index(1) = (current price - previous price) x current volume

Force index(13) = EMA(13) of Force index(1)

This version:-

Although it is conventionally used as a zero line cross indicator but this tool has other unrecognized qualities. It is capable of showing impulsive moves, breakouts and even reversal points on chart. This is done with the addition of volume/volatility bands. Some examples below

Breakouts and impulsive moves
Be patient therefore, brethren, until the coming of the Lord. Behold, the husbandman waiteth for the precious fruit of the earth: patiently bearing till he receive the early and latter rain.
Behold, we account them blessed who have endured. You have heard of the patience of Job, and you have seen the end of the Lord, that the Lord is merciful and compassionate.


QuestionRe: Trend Direction Force Index Indicators MT4

227
andrei-1 wrote: Tue Dec 20, 2022 3:51 pm Updated trending version (41). Even smoother*, even faster.
Can we call this indicator Cloud & Lightning and
add some colorful ichimoku clouds with Kvaks e averages please? With gratitude!
0 + 0 = 0
Infinite / Infinite = 1
1 way to Heaven & it matters


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