The Force Index (By Alexander Elder)is a price-and-volume oscillator that helps technical analysts determines if a stock's trend is strengthening or weakening. It is calculated based on the raw Force Index (difference between today's close and yesterday's close times today's volume) and smoothing it with an exponential moving average.
Signals
If the Force index is above zero (GREEN) it signals that the bulls are in control. Negative (RED) Force index signals that the bears are in control. If the bar near zero index or whipsaws around zero, it signals that neither side has control and no strong trend exists.
Go long if the Force index is GREEN and there is a bullish divergence.
Go short if the Force index is RED and there is a bearish divergence.
Signals
If the Force index is above zero (GREEN) it signals that the bulls are in control. Negative (RED) Force index signals that the bears are in control. If the bar near zero index or whipsaws around zero, it signals that neither side has control and no strong trend exists.
Go long if the Force index is GREEN and there is a bullish divergence.
Go short if the Force index is RED and there is a bearish divergence.
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