Re: [amibroker] Elder's Force Index

["john gibb" <jgibb1@xxxxxxxxxxxxx>]

I don't know about the exponential MA type, given  Bigtrend's Price Headley
description:

X-day Average of [(close of today - close of yesterday) * Volume of today]

Elder preferred to look at the interplay between a 2-day average and a
13-day average.  The slope of the 13-day average was considered to be the
direction of the trend, while the 2-day average served as a countertrend
indicator (for example, if the 13-day trend is up, and the 2-day trend went
from positive to negative, this is considered only a reaction and traders
should be ready to buy as the stock breaks over the high of the latest 2
days.


----- Original Message -----
From: "Alan Nouray" <alann@xxxxxxxxxxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Wednesday, May 21, 2003 11:25 AM
Subject: [amibroker] Elder's Force Index


> Anyone know if the following formula is correct for Elder's Force
> Index:
>
> x=C - Ref(C,-1);
> y=EMA(x,14) * Volume;
> Plot(y,"Force Index",colorRed,styleLine);
>
> Alan
>
>
>
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