Contents x
    Force Index (FI)
      • Dark
        Light
      Contents

      Force Index (FI)

        • Dark
          Light
        Article summary

        Force Index (FI) is a technical indicator that uses price and volume to quantify the power behind an asset's price movement. FI is calculated as the volume for a specified period multiplied by the difference between the current prices and a prior price. The high positive values indicate a strong rising trend, and low values signify a strong downward trend.

        FI1 = (CCP - PCP) * VFI13 = 13-period EMA of FI1

        where:
        CCP – current Close price
        PCP – prior Close price
        VFI – volume of Force Index
        EMA – Exponential Moving Average

        Force IndexForce Index 

        INPUTS

        InputDescription
        LengthThe number of periods the indicator uses to calculate the EMA

        PLOTS

        The plot renders the data you are working with on the chart. You can show/hide a plot by clicking the corresponding item in the settings. Every plot has a set of basic settings that you can change: color, weight, and type.

        PlotDescription
        ForceIndexThe Force Index plot
        ZeroThe zero level
        Color

        Click the color rectangle under the plot's name to open the palette. Use the slider at the bottom to set the opacity of the color.

        Palette
        To create a custom color:
        1. Clickto open the color picker
        2. By using the slider at the bottom, adjust the main color
        3. Then, set a shade for the main color on the palette

        The custom-created colors are added to your palette. To remove a custom color, drag it out of the palette.

        Weight
        Change the value (in px) to adjust the thickness of the plot.
        Type
        The following plot types are available:
        • Linear. The plot is displayed as a line.
        • Column. The plot is displayed as a histogram.
        • Difference. The plot is displayed as a line which represents the difference between High and Low prices of the bar.
        • Points. The plot is displayed as points.
        • Text above candle. The plot is displayed as the price labels above candles on the chart.
        • Text below candle. The plot is displayed as the price labels below candles on the chart.
        • Triangle above candle. The plot is displayed as triangles above candles on the chart.
        • Color candle. The candles on candle-type charts are highlighted with specified colors.

        OVERLAYING

        Check Overlaying to display the indicator on the chart. Otherwise, the indicator is shown in a study pane down below.

        Note: To reset the settings, click Restore to Default next to the SETTINGS: INDICATOR'S TITLE
        What's Next