Finance:Force index
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Revision as of 21:54, 27 June 2021 by imported>JMinHep (fixing)
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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