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Thomas & John are both correct. The Force Index=V * (C - ref(C, -1));
and Elder uses 2 & 13 EMA.
Thank you.
Alan
--- In amibroker@xxxxxxxxxxxxxxx, "john gibb" <jgibb1@xxxx> wrote:
> 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@xxxx>
> 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
> >
> >
> >
> > Send BUG REPORTS to bugs@xxxx
> > Send SUGGESTIONS to suggest@xxxx
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