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
These users thanked the author Jedidiah for the post (total 5):
fibo7818, andrei-1, Chickenspicy, RodrigoRT7, galaxy
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Re: Trend Direction Force Index Indicators MT4

230
chickensword wrote: Wed Jan 11, 2023 1:40 pm Can we call this indicator Cloud & Lightning and
add some colorful ichimoku clouds with Kvaks e averages please? With gratitude!
Hello, your PM request....I add averages only for first calculations....
Dont know if it would be useful, but test it and tell us....
These users thanked the author kvak for the post (total 6):
Chickenspicy, Jedidiah, pail1217, RodrigoRT7, Jimmy, galaxy


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