MTF Force Index with alert for MT5

What is Force Index?

The Force Index was developed by Alexander Elder and combines price direction, magnitude of price change, and volume to measure the force behind a price movement. It is calculated by multiplying the difference between today's and yesterday's closing price by the volume for that period, then applying a moving average smoothing.

Positive Force Index values indicate buying force (bulls are in control), while negative values indicate selling force (bears are in control). Short-period Force Index is used to identify correction entry points within a trend, while longer periods identify major turning points. Zero-line crossings confirm trend direction changes.

Features:

• Volume-integrated momentum calculation
• Configurable MA method for smoothing (SMA, EMA, SMMA, LWMA)
• Visual signal markers with arrows and vertical lines
• Three independent signal buffers with configurable triggers
• Signal detection options: direction change, level cross, peak/valley
• Configurable alert functions for each signal (email, push, sound, popup)
• Multi-timeframe (MTF) capability with interpolation methods
• Histogram or line drawing mode
• Multiple color modes (simple, direction-based, level-based)
• Custom indicator call (iCustom) buffer access for Expert Advisor (EA) integration

Input Parameters:

• Basic Settings:
  • Force Index period: Smoothing period for the moving average applied to raw force values (default: 13).
  • MA method: Moving average type for smoothing (default: SMA).
  • Applied price: Price type used in the close difference calculation (default: Close).
  • Force Index bar shift: Offset the line drawing by a specified number of bars.
  • Force Index timeframe: Choose the timeframe for MTF display.
  • MTF on higher TF only: Restrict MTF display to timeframes higher than the current chart.
  • MTF Interpolation mode: Select smoothing method (Off, Linear, Smooth, Weighted, Simple Moving Average).
  • Maximum bars to calculate: Limit the number of bars calculated for performance optimization.
• Levels Settings:
  • Show level: Toggle level line visibility.
  • Adjust level value: Set custom level position (default: 0).
  • Level appearance: Customize color, style, and width.
• Signal Settings:
  • Signal 1/2/3 trigger: Configure detection type (direction change, level cross, peak/valley).
  • Visual markers: Enable arrows and vertical lines with customizable size, style, and position.
  • Arrow customization: Set Wingdings codes and colors for up/down signals.
• Alert Settings:
  • Alert timing: Choose when alerts trigger (Off, After close, Before close, Both).
  • Alert interval limit: Set minimum minutes between repeated alerts.
  • Time range filter: Restrict alerts to specific hours.
  • Delivery methods: Enable email, push, popup, and sound notifications.
• Color and Style Settings:
  • Color mode: Select from multiple modes (simple, direction-based, level-based).
  • Histogram mode: Switch between line and histogram display.
  • Line appearance: Customize colors (4 per line), style, and width.