What is a good force index?

What is a good force index?

A rising force index, above zero, helps confirm rising prices. A falling force index, below zero, helps confirm falling prices. A breakout, or a spike, in the force index, helps confirm a breakout in price.

How do you read the elder force index?

The force index is calculated by subtracting yesterday’s close from today’s close (net change) and multiplying the result by today’s volume. If closing prices are higher today than yesterday, the force is positive. If closing prices are lower than yesterday’s, the force is negative.

How do I add an mq4 indicator to MT4?

How to install custom indicators in MetaTrader 4

1. Locate and copy the MT4 custom indicator file on your computer.
2. Open the data folder.
3. Open MQL4 file.
4. Locate the Navigator panel, as below.
5. On the navigator, find Custom Indicators.
6. Double click the indicator and the Indicator Properties window will appear.

What is Elder’s Force Index?

The Elder’s Force Index is an oscillator, which attempts to identify the force or strength of a move. Elder felt that this was best calculated by factoring in a stock’s volume and comparing the current period close to the previous period close.

What is a UTP indicator?

United Paper PCL (UTP) A detailed technical analysis through moving averages buy/sell signals (simple and exponential for 5,10,20,50,100 and 200 periods) and common chart indicators (RSI, Stochastics, StochRSI, MACD, ADX, CCI, ROC, Williams %R, Ultimate and more) Buy, Sell, Overbought, Oversold or Neutral signals.

How do you read a TRIX indicator?

When TRIX is used as a momentum indicator, a positive value suggests momentum is increasing, while a negative value suggests momentum is decreasing. Many analysts believe that when the TRIX crosses above the zero line, it gives a buy signal, and when it closes below the zero line, it gives a sell signal.

When to buy force index ( FRC ) indicator?

If the approximations is made with long moving average (period 13), the index shows the trends and their changes. It is better to buy when the forces become minus (fall below zero) in the period of indicator increasing tendency; The force index signalizes the continuation of the increasing tendency when it increases to the new peak;

What does the force index tell you about the market?

The force index signalizes the Bears Power and continuation of the decreasing tendency when the index falls to the new trough; If price changes do not correlate to the corresponding changes in volume, the force indicator stays on one level, which tells you the trend is going to change soon.

Who is the creator of the force index?

Force Index Technical Indicator was developed by Alexander Elder. This index measures the Bulls Power at each increase, and the Bulls Power at each decrease. It connects the basic elements of market information: price trend, its drops, and volumes of transactions.

When does the force index increase or decrease?

The force index signalizes the continuation of the increasing tendency when it increases to the new peak; The force index signalizes the Bears Power and continuation of the decreasing tendency when the index falls to the new trough;