Force Index with Moving Average
Unfortunately this indicator is no
longer available, but you may find Buy Sell Volume Pressure Indicator an interesting alternative!
Description
- The three key components of the force index are the direction of price change, the extent of the price change and the trading volume.
- By combining the force index with a moving average, you accurately measure significant changes in the power of bulls and bears.
Key Features
- EMA can be adjusted according ot user preference
- The 2-day EMA of Force is used to track the strength of buyers and sellers in the short term
- The 13-day EMA of Force measures the strength of bulls and bears in intermediate cycles
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