Trading for a living
By Alexander Elder
p 228 (go to google books)
or from MT4
FORCE INDEX (i) = VOLUME (i) * ((MA (ApPRICE, N, i) - MA (ApPRICE, N, i-1))
where:
FORCE INDEX (i) — Force Index of the current bar;
VOLUME (i) — volume of the current bar;
MA (ApPRICE, N, i) — any Moving Average of the current bar for N period:
Simple, Exponential, Weighted or Smoothed;
ApPRICE — applied price;
N — period of the smoothing;
MA (ApPRICE, N, i-1) — any Moving Average of the previous bar.
or http://www.metastocktools.com/MetaStock/ForceIdx.txt
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...driven on by the greed of the trader, is led over all lands and all seas by the hope of gain...
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Last edited by blancspa; May 28, 2009 at 1:33am.
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