- DarkLight
Force Index (FI)
- DarkLight
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
INPUTS
Input | Description |
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Length | The 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.
Plot | Description |
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ForceIndex | The Force Index plot |
Zero | The zero level |
Color |
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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. To create a custom color:
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:
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OVERLAYING
Check Overlaying to display the indicator on the chart. Otherwise, the indicator is shown in a study pane down below.