Force index - JMA - MetaTrader 5용 지표

Basics :

The Force Index (sometimes referred to as “the index”) is another technical analysis concept introduced by Alexander Elder in his book Trading For A Living.

The calculation for the force index:

Force Index (1) = [Close (current period) – Close (prior period)] x Volume

Force Index (13) = 13-period Exponential Moving Average of Force Index (1)

A 13-period average highlights short-term trends, and is suitable for shorter-term traders. A 100-period Force Index average will highlight longer-term trends and is preferred by longer-term traders.

This version :

In this version we are using well known JMA  (Jurik Moving Average) instead of using the EMA for calculation