Force

Trend direction and force – JMA smoothed – indicator MetaTrader 5

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Trend direction and force - JMA smoothed - indicator for MetaTrader 5
Trend direction and force index is a useful indicator, but it probably is showing too much signals in some cases This version is adding smoothing that is using one of the very well know smoothing type : Jurik smoothing (which has a very low lag and is producing very smooth results). This way it is … Read more

Trend direction and force – smoothed – indicator MetaTrader 5

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Trend direction and force - smoothed - indicator for MetaTrader 5
Trend direction and force index is a useful indicator, but it probably is showing too much signals in some cases This version is adding smoothing in order to make the number of signals generated less. Smoothing methods that can be used in this indicator are : simple moving average exponential moving average smoothed moving average … Read more

Trend direction and force – indicator MetaTrader 5

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Trend direction and force - indicator for MetaTrader 5
This indicator was made originally for metastock a long, long time ago There are multiple MetaTrader 4 versions but they were not converted to MetaTrader 5 yet. So here is the “basic” version of the trend direction and force index indicator MetaTrader 5. It is showing the direction of the trend and also the intensity … Read more

Force index – JMA – indicator MetaTrader 5

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Force index - JMA - indicator for MetaTrader 5
Basics : The Force Index (sometimes referred to as “the index”) is another technical analysis concept introduced by Alexander Elder in his book Trading For A Living. The calculation for the force index: Force Index (1) = [Close (current period) – Close (prior period)] x Volume Force Index (13) = 13-period Exponential Moving Average of … Read more

Trend direction and force – DSEMA smoothed – indicator MetaTrader 5

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Trend direction and force - DSEMA smoothed - indicator for MetaTrader 5
Basics: The trend direction and force was developed long time ago by Pyotr Wojdyło for metastock trading platform. Since then we have made multiple versions for MetaTrader (both MetaTrader 4 and MetaTrader 5). This version: This indicator is using double smoothed EMA (DSEMA) for smoothing result in order to produce less false signals. Usage: You … Read more

Force index volatility bands – indicator MetaTrader 4

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Force index volatility bands - indicator for MetaTrader 4
Force index, originally developed by Alexander Elder is an indicator used to gauge the buying and selling strength of an asset. Formula:- Force index(1) = (current price – previous price) x current volume Force index(13) = EMA(13) of Force index(1) This version:- Although it is conventionally used as a zero line cross indicator but this tool … Read more