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Force Index |
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Bana ![]() Regular ![]() ![]() Joined: 02 Jan 2007 Location: Australia Posts: 46 |
![]() ![]() ![]() ![]() 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 ![]() BullCharts Guru ![]() ![]() Joined: 02 Sep 2006 Location: Australia Posts: 232 |
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Hey Bana,
Going well here and happy Australia day!
I'll muster up something shortly.
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maximo ![]() BullCharts Guru ![]() ![]() Joined: 02 Sep 2006 Location: Australia Posts: 232 |
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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 ![]() Regular ![]() ![]() Joined: 02 Jan 2007 Location: Australia Posts: 46 |
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Thanks Maximo. I will play around with it and post here if its useful.
cheers |
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bluey ![]() Newbie ![]() Joined: 25 Jul 2009 Location: Nambour, Qld Posts: 3 |
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I have inserted it into my Indicators & will check against Watchlist trades. Thanks,
Bluey |
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