Force Index

Discussion in 'Technical Analysis' started by xtoronto, Nov 10, 2007.

  1. xtoronto


    I wanted to know if there was any way to get a force index indicator or another good indicator that measures pirce and volume movements in Sterling?
  2. maolman


    Hopefully, you have access to charting software where you can write your own indicators, when necessary. The formula is VERY SIMPLE!

    Force Index (FI) = Today's Volume * [ ( Today's Close ) - ( Yesterday's Close ) ], or, more closely to an APL:

    FI = V * [ C - ( C-1 ) ].

    This will look real choppy on your chart, so you may want to smooth this. You can do this with the SMA or the EMA indicators. Simply substitute the ENTIRE FORMULA in the place of the "Price" expression in either of these formulas and set the time period you wish to use as the smoothing element.

    Run through this Google search for some interesting info and ideas:"force+index+indicator"


    Mike Collier
    Oak Harbor, WA