Hi sweet Mrtools whats the difference between a Trend Direction Force Index vs Force Index? Thanking you in advance for new nrp indicators...
This is a masterpiece! Last piece of puzzle I needed. Thank you
The TDFI uses a moving average plus another moving average of the first moving average, the force in the TDFI uses an average of the difference between the absolute value of the two averages. The force index uses a moving average of the current close - previous close multiplied by Volume.moey_dw wrote: Thu Aug 15, 2024 7:36 pm Hi sweet Mrtools whats the difference between a Trend Direction Force Index vs Force Index? Thanking you in advance for new nrp indicators...
This really is dynamic! Would it be possible to get the full averages and prices suites added? And the common set of Alerts for then it crosses the outer levels? This could be really useful.
Dear Mr Tools! Would you like to add the OB/OS levels and balance level 50 by default while keeping the current parameters of the indicator.
mrtools wrote: Fri Aug 16, 2024 12:06 am The TDFI uses a moving average plus another moving average of the first moving average, the force in the TDFI uses an average of the difference between the absolute value of the two averages.
Such clear explaning for me Mrtools........ I did not even know the TDFI was so complex and makes me understand it better.The force index uses a moving average of the current close - previous close multiplied by Volume.
Yes.moey_dw wrote: Fri Aug 16, 2024 8:04 pm Such clear explaning for me Mrtools........ I did not even know the TDFI was so complex and makes me understand it better.
So Force Index indicator uses an MA multiplied by Volume vs TDFI which uses MA of an MA plus calculates it's FORCE by averaging the difference between the two MA's right!!
Force Index Averages with Color Options + AlertsAnaconMLF wrote: Fri Aug 16, 2024 2:08 pm This really is dynamic! Would it be possible to get the full averages and prices suites added? And the common set of Alerts for then it crosses the outer levels? This could be really useful.
Would like to, but far as I'm aware it's not possible with that indicator.lLwqa wrote: Fri Aug 16, 2024 4:06 pm Dear Mr Tools! Would you like to add the OB/OS levels and balance level 50 by default while keeping the current parameters of the indicator.
Always grateful for your help!
