Moving AveragesTrend Direction Force Index Indicators MT4

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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.
These users thanked the author mntiwana for the post (total 2):
Lodi, Chickenspicy
Indicator is just a tool.

Use it only if it can benefit you. Leave it if you don't know how to use it optimally.


Re: Trend Direction Force Index Indicators MT4

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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.
These users thanked the author mntiwana for the post:
ionone
Indicator is just a tool.

Use it only if it can benefit you. Leave it if you don't know how to use it optimally.


Re: Trend Direction Force Index Indicators MT4

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.
These users thanked the author mntiwana for the post (total 2):
ionone, Lodi
Indicator is just a tool.

Use it only if it can benefit you. Leave it if you don't know how to use it optimally.

Re: Trend Direction Force Index Indicators MT4

10
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

   
These users thanked the author mntiwana for the post:
Lodi
Indicator is just a tool.

Use it only if it can benefit you. Leave it if you don't know how to use it optimally.


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