Description
Force Index uses price change and volume as its basis for calculations. It is designed to show the extend of price move, trend direction and volume.
Formula
fiArray[] = periodEMA((close-close[-1])*volume)
Interpretation
Force Index with high positive values may be used as a confirmation of an uptrend, while low negative values may be used as a confirmation of a downtrend.
inteliCharts Predictive Analytics - Calculating Most Probable Future Stock Prices
- Neural network architecture
- Quantitative processing
- Long term forecasting
- Intraday probability channels