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Force Index for Amibroker (AFL)
Rating:
5 / 5 (Votes 2)
Tags:
This is the Force index indicator.
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Indicator / Formula
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_SECTION_BEGIN("Force Index");
periods = Param("Periods", 2, 1, 100, 1);
FI = EMA(((Close - Ref(Close, -1)) * V), periods);
FI_kol = IIf(fi < 0, colorRed, colorBrightGreen);
Plot(Close, "Close", colorRed, 2);
Plot(FI, "Force Index", FI_kol, styleLine|styleThick);
Plot(0,"", colorViolet, styleLine | styleThick | styleNoLabel);
Title = Name() +
EncodeColor(colorBlack) + " - Force Index - " + WriteVal(periods, 1) + " days," +
EncodeColor(colorRed) + " Close " +
EncodeColor(colorRed) + " = " + WriteVal(Close) + ", " +
EncodeColor(colorBlue) + "Force Index = " +
EncodeColor(colorBlue) + WriteVal(FI, 1.2);
_SECTION_END();1 comments
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Nice one, thank you.
Just that you have used EMA of Change(close) instead of SMA. Stockcharts uses EMA too. While trading view uses SMA. Guess its just trader’s personal choice.