StockFetcher Forums · Indicators and Measures · Force Index<< >>Post Follow-up
stockfetcher
980 posts
msg #26046
3/10/2003 2:37:43 PM

Force Index

Parameters Period
Usage Force Index(13)
FI(3)
Description The Force Index, developed by Alexander Elder, is a trend indicator that attempts to determine the current buying and selling activity in a stock. Values above 0 indicate a current buying trend, while values below 0 indicate a sell-off. The Force Index uses both the change in closing prices along with the number of shares traded.

Popular interpretations of the Force Index involve 2 or 13-day Force Index values, along with price divergences or positive or negative trends.

Examples
Fetcher[show stocks where the FI(2) 3 days ago was below 0 and the FI(2) has been decreasing for 3 days]


Fetcher[show stocks where the FI(13) has been increasing for 4 days and the EMA(25) has been decreasing for 4 days]



StockFetcher Forums · Indicators and Measures · Force Index<< >>Post Follow-up

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