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Just set these up as indicators and plot them. Look in the manual or online
help.
If you plot (bull power - bear power) your chart will show which is
dominant.
_____
From: equismetastock@xxxxxxxxxxxxxxx [mailto:equismetastock@xxxxxxxxxxxxxxx]
On Behalf Of Alwin Chuah
Sent: Thursday, February 02, 2006 12:26 AM
To: equismetastock@xxxxxxxxxxxxxxx
Subject: [EquisMetaStock Group] Force Index & Bull/Bear Power
Hi
I have been reading Dr Elder book's " Come into my Trading room"
In the book it mentioned Force Index.
Force index = ( Close1 - Close 2) * Volume
Note: Close 1 = Today's close
Close 2 = Yesterday's close.
----------------------------------------------------------
Another formula
a)Bull power = High - EMA
b) Bear power = Low -EMA
Can anyone pls help me how to create the graphs for Force Index, Bull
Power & Bear Power?
Thanks
Alwin Chuah ( Malaysia)
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