Finance:Force index
From HandWiki
The force index (FI) is an indicator used in technical analysis to illustrate how strong the actual buying or selling pressure is. High positive values mean there is a strong rising trend, and low values signify a strong downward trend. The FI is calculated by multiplying the difference between the last and previous closing prices by the volume of the commodity, yielding a momentum scaled by the volume. The strength of the force is determined by a larger price change or by a larger volume.[1]
The FI was created by Alexander Elder.[2]
References
- ↑ Logue, Ann C. (2011). Day Trading For Dummies. John Wiley & Sons. p. 196. ISBN 9781118051818. https://books.google.com/books?id=tpOdM9LsAtcC&pg=PT196.
- ↑ Elder, Alexander (1993). Trading for a Living: Psychology, Trading Tactics, Money Management. John Wiley & Sons. ISBN 0-4715-9224-2. https://archive.org/details/tradingforliving00elde_0.
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