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Worden Discussion Forum » Customer Training & Support » Ask a Trainer - TC2000 version 7 » Force Index

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couto7
Posted : Monday, September 14, 2009 3:44:05 PM
Gold Customer Gold Customer

Joined: 10/14/2004
Posts: 202

Which indicator offered by Worden 2000 most closely represents or aligns with  the Force Index constructed by Dr. Elder (Force Index = Volume today * (Close Today - Close yesterday).  The force is  positive when price closes higher than previous bar.  The force is negative when the price closes lower than previous bar.  The bigger the volume the greater the force of the move in either direction.  I understand that the Force Index is a proprietary index, but it would be helpful to know what indicator in the Worden toolbox would be comparable.  I am presently using TSV as the third frame indicator. Thanks.
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StockGuy
Posted : Monday, September 14, 2009 3:45:34 PM

Administration

Joined: 9/30/2004
Posts: 9,187
 Right click on the chart and select Add Indicator | Custom Indicator.  Then use the followign formula:

V * (C - C1)

Set the color of the indicator and then click the Close button.
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investalert
Posted : Saturday, October 30, 2010 7:35:18 PM
Registered User
Joined: 4/29/2006
Posts: 75
 Dr. Elder recommends using a 2 bar exponential moving average of his force index (FI) for short term trades and a 13 bar MA of his FI for longer term trades.

Is this the correct PCF to find where the longer term FI is crossing up through zero today?

((XAVGC13 - XAVGC13.1) * XAVGV13) > 0 AND ((XAVGC13.1 - XAVGC13.2) * XAVGV13.1) < 0

Thanks, Richard
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Bruce_L
Posted : Monday, November 1, 2010 8:55:30 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
 InvestAlert,
No, you would need something more like the following instead:

14.2996048056393 * ((C - C1) * V + 6 / 7 * ((C1 - C2) * V1 + 6 / 7 * ((C2 - C3) * V2 + 6 / 7 * ((C3 - C4) * V3 + 6 / 7 * ((C4 - C5) * V4 + 6 / 7 * ((C5 - C6) * V5 + 6 / 7 * ((C6 - C7) * V6 + 6 / 7 * ((C7 - C8) * V7 + 6 / 7 * ((C8 - C9) * V8 + 6 / 7 * ((C9 - C10) * V9 + 6 / 7 * ((C10 - C11) * V10 + 6 / 7 * ((C11 - C12) * V11 + 6 / 7 * ((C12 - C13) * V12 + 6 / 7 * ((C13 - C14) * V13 + 6 / 7 * ((C14 - C15) * V14 + 6 / 7 * ((C15 - C16) * V15 + 6 / 7 * ((C16 - C17) * V16 + 6 / 7 * ((C17 - C18) * V17 + 6 / 7 * ((C18 - C19) * V18 + 6 / 7 * ((C19 - C20) * V19 + 6 / 7 * ((C20 - C21) * V20 + 6 / 7 * ((C21 - C22) * V21 + 6 / 7 * ((C22 - C23) * V22 + 6 / 7 * ((C23 - C24) * V23 + 6 / 7 * ((C24 - C25) * V24 + 6 / 7 * ((C25 - C26) * V25 + 6 / 7 * ((C26 - C27) * V26 + 6 / 7 * ((C27 - C28) * V27 + 6 / 7 * ((C28 - C29) * V28 + 6 / 7 * ((C29 - C30) * V29 + 6 / 7 * ((C30 - C31) * V30 + 6 / 7 * ((C31 - C32) * V31 + 6 / 7 * ((C32 - C33) * V32 + 6 / 7 * ((C33 - C34) * V33 + 6 / 7 * ((C34 - C35) * V34 + 6 / 7 * ((C35 - C36) * V35 + 6 / 7 * ((C36 - C37) * V36 + 6 / 7 * ((C37 - C38) * V37 + 6 / 7 * ((C38 - C39) * V38 + 6 / 7 * ((C39 - C40) * V39 + 6 / 7 * ((C40 - C41) * V40 + 6 / 7 * ((C41 - C42) * V41 + 6 / 7 * ((C42 - C43) * V42 + 6 / 7 * ((C43 - C44) * V43 + 6 / 7 * ((C44 - C45) * V44))))))))))))))))))))))))))))))))))))))))))))) > 0 AND 14.2996048056393 * ((C1 - C2) * V1 + 6 / 7 * ((C2 - C3) * V2 + 6 / 7 * ((C3 - C4) * V3 + 6 / 7 * ((C4 - C5) * V4 + 6 / 7 * ((C5 - C6) * V5 + 6 / 7 * ((C6 - C7) * V6 + 6 / 7 * ((C7 - C8) * V7 + 6 / 7 * ((C8 - C9) * V8 + 6 / 7 * ((C9 - C10) * V9 + 6 / 7 * ((C10 - C11) * V10 + 6 / 7 * ((C11 - C12) * V11 + 6 / 7 * ((C12 - C13) * V12 + 6 / 7 * ((C13 - C14) * V13 + 6 / 7 * ((C14 - C15) * V14 + 6 / 7 * ((C15 - C16) * V15 + 6 / 7 * ((C16 - C17) * V16 + 6 / 7 * ((C17 - C18) * V17 + 6 / 7 * ((C18 - C19) * V18 + 6 / 7 * ((C19 - C20) * V19 + 6 / 7 * ((C20 - C21) * V20 + 6 / 7 * ((C21 - C22) * V21 + 6 / 7 * ((C22 - C23) * V22 + 6 / 7 * ((C23 - C24) * V23 + 6 / 7 * ((C24 - C25) * V24 + 6 / 7 * ((C25 - C26) * V25 + 6 / 7 * ((C26 - C27) * V26 + 6 / 7 * ((C27 - C28) * V27 + 6 / 7 * ((C28 - C29) * V28 + 6 / 7 * ((C29 - C30) * V29 + 6 / 7 * ((C30 - C31) * V30 + 6 / 7 * ((C31 - C32) * V31 + 6 / 7 * ((C32 - C33) * V32 + 6 / 7 * ((C33 - C34) * V33 + 6 / 7 * ((C34 - C35) * V34 + 6 / 7 * ((C35 - C36) * V35 + 6 / 7 * ((C36 - C37) * V36 + 6 / 7 * ((C37 - C38) * V37 + 6 / 7 * ((C38 - C39) * V38 + 6 / 7 * ((C39 - C40) * V39 + 6 / 7 * ((C40 - C41) * V40 + 6 / 7 * ((C41 - C42) * V41 + 6 / 7 * ((C42 - C43) * V42 + 6 / 7 * ((C43 - C44) * V43 + 6 / 7 * ((C44 - C45) * V44 + 6 / 7 * ((C45 - C46) * V45))))))))))))))))))))))))))))))))))))))))))))) <= 0

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