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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

Copy & Paste Friendly
_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

1. mmsrect

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.

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