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No, I use purebytes site to search Amibroker posts, I have not
downloaded the archives (to save disk space).
I couldn't find anything on purebytes matching Force Index.
Thanks
--- In amibroker@xxxxxxxxxxxxxxx, "john gibb" <jgibb1@xxxx> wrote:
> Hi Jim,
>
> did you look in the archives?
(http://www.amibroker.com/listarchive.html )
>
> several posts regarding this are there.
>
> -john
>
>
> ----- Original Message -----
> From: "jnk1997" <jnk1997@xxxx>
> To: <amibroker@xxxxxxxxxxxxxxx>
> Sent: Sunday, February 15, 2004 11:18 AM
> Subject: [amibroker] Force Index Indicator
>
>
> > Hello, does anyone have an indicator like this, or can someone
create
> > the AFL for this one (perhaps with param for the slow and fast
> > settings) I think Elder used 2 and 13
> >
> > Thanks
> > Jim
> >
> >
> >
> > The ForceIndex indicator relates price to volume by multiplying
net
> > change and volume.
> >
> > ForceIndex is calculated using the following equation:
> >
> > ForceIndex = Volume(today) * (Close(this period) - Close(last
> > period))
> >
> > ForceIndex is typically presented as two smoothed averages (slow)
and
> > fast) to reduce the likelihood of false signals.
> >
> >
> >
> >
> > Interpretation:
> >
> > ForceIndex is used by some investors as a running total of where
> > money is flowing. Because this indicator multiplies price
movement in
> > a period by the volume of that period, the value of ForceIndex
will
> > change the most when net change is accompanied by higher relative
> > volume. Investor can use this index to both (a) compare current
price
> > movements to past ones and (b) evaluate the current trend.
> >
> > The periods used are a moving average of the ForceIndex values,
which
> > reduces choppiness. Generally, investors use periods which match
the
> > length of the trends in which they are studying. The longer-
average
> > will be the intermediate or longer-term trend and the shorter-
average
> > will be a shorter-term trend. Some conventional interpretations
> > follow:
> >
> > One interpretation is to look for a confirmation or divergence
> > between ForceIndex and the price. When ForceIndex moves up with
price
> > increases or down with price decreases, it can indicate that the
> > current trend is has momentum. When ForceIndex diverges from
price,
> > it can indicate that the trend may change.
> >
> > Another interpretation is to receive signals based on a crossover
of
> > the two lines. When the slow line crosses above the slow line and
> > they are both increasing, it can be considered a confirmation of
an
> > uptrend. Conversely, when the fast line crosses below the slow
line
> > and they are both decreasing, it can be seen as confirmation of a
> > downtrend. When a crossover occurs when the lines are going in
> > opposite directions, it can indicate a trend reversal.
> >
> > Some traders seek to eliminate some false signals by using only
the
> > signals which correspond to the direction of the intermediate to
long
> > term trends.
> >
> >
> >
> >
> >
> >
> > Send BUG REPORTS to bugs@xxxx
> > Send SUGGESTIONS to suggest@xxxx
> > -----------------------------------------
> > Post AmiQuote-related messages ONLY to: amiquote@xxxxxxxxxxxxxxx
> > (Web page: http://groups.yahoo.com/group/amiquote/messages/)
> > --------------------------------------------
> > Check group FAQ at:
> http://groups.yahoo.com/group/amibroker/files/groupfaq.html
> > Yahoo! Groups Links
> >
> >
> >
> >
> >
Send BUG REPORTS to bugs@xxxxxxxxxxxxx
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