Calculation principle of index iForce

[sdlg]

What  is the calculation principle of index iForce, I need your help.

Thanks in Advance

[Lorentzos Roussos]

sdlg:

What  is the calculation principle of index iForce, I need your help.

Thanks in Advance

https://www.metatrader5.com/en/terminal/help/indicators/oscillators/fi

The force of every market movement is characterized by its direction, scale and volume. If the closing price of the current bar is higher than the preceding bar, the force is positive. If the current closing price is lower than the preceding one, the force is negative. The greater the difference in prices is the greater the force is. The greater the transaction volume is the greater the force 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 periods:
Simple, Exponential, Weighted or Smoothed;
ApPRICE — applied price;
N — period of smoothing;
MA (ApPRICE, N, i-1) — any Moving Average of the previous bar.

[sdlg]

Lorentzos Roussos:
sdlg:

What  is the calculation principle of index iForce, I need your help.

Thanks in Advance

https://www.metatrader5.com/en/terminal/help/indicators/oscillators/fi

Thank you very very much!