Force Index Bar
The Force Index Bar AFL in Amibroker measures the strength behind price movements within defined bars. Leveraging Amibroker data feed, this indicator quantifies the force behind price changes. Traders utilize this information to assess market momentum and make informed trading decisions.
/_SECTION_BEGIN("Force Index 13 Bar");
periods = Param("Periods",13,1,100,1);
findex = (C - Ref(C, -1))*V;
FI = EMA(findex,Periods);
Plot( FI, "Elder - Force Index("+periods+")", ParamColor("color", colorCycle ), ParamStyle("Style") );
PlotGrid(0, colorLightGrey);
_SECTION_END();