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Colin, How is the Force Index Calculated

Chart Forum » Indicators » Colin, How is the Force Index Calculated

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tbreak
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Username: tbreak

Post Number: 102
Registered: 06-2004

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Wednesday, June 06, 2007 - 03:30 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Colin, I just want to be sure/understand what I am looking at with the Force Index.

From http://www.incrediblecharts.com/technical/force_index.htm
Force index = (Close [today] - Close [yesterday]) * Volume

How is a 13 day Force Index Calculated.

1. Close [today] - Close [yesterday]) * Volume on each day going back 13 days and then average.

or

2. FI= Close[Ma(13)] - Close[previous Ma(13)] * Volume Ma(13)


Thanks







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colin_twiggs
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Username: colin_twiggs

Post Number: 2913
Registered: 09-2002

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Wednesday, June 06, 2007 - 05:40 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



tbreak,

1. Calculate the force index ("FI") for each day
2. Calculate the 13-day MA of FI

Regards, Colin

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