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Force Index Levels

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Hello,

Can you help me to calculate the levels of force index for each symbol?

The levels for GBPUSD is: top_level=20, bottom_level=-20

The levels for BTCUSD is: top_level=100000, bottom_level=-100000


What is the formula for calculate the levels for each symbol?


The formula of force index is:

FORCE INDEX (i) = VOLUME (i) * ((MA (ApPRICE, N, i) - MA (ApPRICE, N, i-1))

where:

  • FORCE INDEX (i) — Force Index of the current bar;
  • VOLUME (i) — volume of the current bar;
  • MA (ApPRICE, N, i) — any Moving Average of the current bar for N period: Simple, Exponential, Seighted or Smoothed;
  • ApPRICE — applied price;
  • N — period of the smoothing;
  • MA (ApPRICE, N, i-1) — any Moving Average of the previous bar.

Thanks for your help

Since difference in prices could be anything, thus their MAs, thus force index. There are no levels. It's not a bounded indicator (like RSI is.)
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