Force Index Indicator

Force Index [ChartSchool]
The Force Index is an indicator that uses price and volume to assess the power behind a move or identify possible turning points. Developed by Alexander Elder, the Force Index was introduced in his classic book, Trading for a Living. According to Elder, there are three essential elements to a stock's price movement: direction, extent and volume.

The Force Index Definition and Its Uses - Investopedia
The force index is a technical indicator that measures the amount of power used to move the price of an asset. The term and its formula were developed by psychologist and trader Alexander Elder and published in his 1993 book Trading for a Living.

Defining the Force Index - Investopedia
Force index is one of the best indicators for combining both price and volume into a single readable figure. When force index hits a new high, a given uptrend is likely to continue. When force index hits a new low, the bears have greater strength, and the downtrend will usually sustain itself.

Incredible Charts: Force Index
The 2-day Force index is used as part of Dr Eder's Triple Screen trading system. Trading Signals. Only trade in the direction of the trend - indicated by the slope of the 13-day EMA. Go long if the Force index is below zero and there is a bullish divergence. Go short if the Force index is above zero and there is a bearish divergence.

The Force Index Indicator measures the strength behind price
The Force Index indicator is an oscillator that attempts to gauge the strength behind price movements. It does this by looking in combination at three key pieces of market data. These are: Direction of price change; Magnitude of price change; Trading volume.

Force Index indicator: active volume as source of stable profit
Most often the Force Index indicator is used complete with trend tools (see Using Indicators): its signals confirm the moment of opening of a position on a trend and allow closing the transaction in a turn situation in time. (one more example of trade strategy). Scheme of trade signals Force Index + Alligator

Force Index - Tutorial and Examples
The Force Index is part of the oscillator family of technical indicators. It uses price movement and volume to determine the strength of certain price movements and capture potential turning points in the market.