Force Index - FI

Description

Force Index = Volume Today * (Close Today - Close Yesterday)

Use two separate FI indicators: a very short-term EMA (2-days) and a short-term EMA (13-days).

Parameters

• Color - Color of the plot
• Label - The text to identify the FI plot
• Line Type - The line type for this indicator
• Smoothing - The period to use for the smoothing MA
• Smoothing Type - The type of MA to use for smoothing
  

Formula Reference:

Syntax	FI(Smoothing Type, Smoothing)
Function	Force Index
Example	FI(SMA, 14)

Acknowledgements

Alexander Elder, "Trading for a Living" ISBN: 0471592242, 0471592250