Welcome Guest, please sign in to participate in a discussion. Search | Active Topics |

Profile: QWave
 About User Name: QWave Groups: Gold User, Member, TeleChart Rank: Registered User Real Name: Location Occupation: Interests: Gender: Unsure
 Statistics Joined: Monday, March 21, 2005 Last Visit: Saturday, September 01, 2018 2:18:30 AM Number of Posts: 12[0.00% of all post / 0.00 posts per day]
 Avatar
 Last 10 Posts Topic: "Normalized" Force Index Posted: Friday, October 20, 2017 2:48:47 AM Is there a way to code the Elder Force Index to come up with a number that you can compare between two stocks or have the daily percent change comparable. Since the number is dependent on the stock's underlying price and volume it makes comparing low vs high priced stocks and low vs. high volume stocks not possible. . I triied making it a percent change based on average price and volume but that did not seem to work. Any ideas or is this not possible? Topic: Force Index modified by close within the range Posted: Saturday, October 14, 2017 4:12:34 AM Thanks for great quick programming, That is what I was looking for. It just proves to me I did not think up any new insights. I thought I had a new angle on the indicator but like you said it just shifts it a little with no insightful differences. Thanks for you help. The visual of the results is very helpful. Topic: Force Index modified by close within the range Posted: Friday, October 13, 2017 1:26:33 PM I ran your formula for the modified Force Index but it looks almost exactly the same as the original force index on the chart. Topic: Force Index modified by close within the range Posted: Friday, October 13, 2017 1:23:19 PM Thanks for the prompt response. The more I think about, what I am tyring to do is modify the Force Index by the close within the True Range. Eg a stock gaps up but closes at the low of the day. Instead of just multiplying the V*Price change it also takes into account the close within the TRUE range. Not sure if that would add any extra information that is interpretable over and above the original Force Indexx as the Forece Index indirectly takes that into account. Is that easily programmed? Topic: Force Index modified by close within the range Posted: Friday, October 13, 2017 4:20:40 AM Hi Bruce - I would like to moidfy Elders Force Index to take into account the close within its range. Thus if the close is up it would be multiplied by the volume (Elder Force Index) but that would be mullitplied by where it is wthin the range. From 0-100%. If the close is up and at 75% level the Elder Force model would be mulitplied by 0.75. If the close is down and the range is at the 25% level (the negative volume would be mulitplied by 75%). So it really depends on whether the close is above or below yesterdays close in addition also depends on whether the close is above or below the 50% level. I hope you get what I mean. Just trying to modify Elder Force by position within range. Thanks for all your great programming Topic: many questions Posted: Monday, January 15, 2007 4:56:16 PM I am a new user that is very familiar with tech analysis andI have many questions about using the snap sheet studies. I called tech support but they are really not familiar with the program or studies and suggested I go here. Is there any one to talk to , to ask specific questions about the studies? Thanks.