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Force Index

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Bana View Drop Down
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Joined: 02 Jan 2007
Location: Australia
Posts: 46
Post Options Post Options   Quote Bana Quote  Post ReplyReply Direct Link To This Post Topic: Force Index
    Posted: 21 Jan 2012 at 2:50pm
Hi Max

How are you? Could you please help with an indicator I am trying to build but failing. In Bullcharts volume indicators, there is 'Force Index'. Is it possible to create a MACDH for it using a 7 and 12 days moving average of FI and 3 days as the signal period?

Cheers
Pankaj
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maximo View Drop Down
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Post Options Post Options   Quote maximo Quote  Post ReplyReply Direct Link To This Post Posted: 26 Jan 2012 at 4:14am
Hey Bana,
 
Going well here and happy Australia day!
 
I'll muster up something shortly.
 
 
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Post Options Post Options   Quote maximo Quote  Post ReplyReply Direct Link To This Post Posted: 30 Jan 2012 at 7:48pm
Here we go, MACD Force Index.
 
 
[Description="MACD Force Index"]

Fastperiod:=Input("Enter the Fast EMA period: ",12);

Slowperiod:=Input("Enter the longer EMA period: ",26);

signal:=Input("Enter the number of signal line period: ",9);

FI:=V*(C - hist(C,1)); { Elder's Force Index }

[Name=MACD; color=dodger blue]

ma(FI,Fastperiod,E)-ma(FI,Slowperiod,E);

[name=Signal; linestyle=solid; color=red]

ma(ma(FI,Fastperiod,E) - ma(FI,Slowperiod,E),signal,S);

[color=black] 0;

[linestyle=histogram]

((ma(FI,Fastperiod,E) - ma(FI,Slowperiod,E)) - ma((ma(FI,Fastperiod,E) - ma(FI,Slowperiod,E)),signal,E));

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Bana View Drop Down
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Post Options Post Options   Quote Bana Quote  Post ReplyReply Direct Link To This Post Posted: 03 Feb 2012 at 9:59am
Thanks Maximo. I will play around with it and post here if its useful.

cheers

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Post Options Post Options   Quote bluey Quote  Post ReplyReply Direct Link To This Post Posted: 11 Jun 2012 at 2:18pm
I have inserted it into my Indicators & will check against Watchlist trades. Thanks,

Bluey
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