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 - Force Index
inteliCharts Predictive Analytics - Calculating Most Probable Future Stock Prices
  • Neural network architecture
  • Quantitative processing
  • Long term forecasting
  • Intraday probability channels