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Force Index Length

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[2015-04-09 10:52:04] #1 [Go To First Post]
User62923 - Posts: 27
Please add a possibility to change the Moving Average length that is part of the Force Index formula.

[2015-04-09 15:49:31] #2 [Go To First Post]
ehlaban - Posts: 50
Don't know the study but isn't it in the study "Force Index Average"

[2015-04-09 18:34:29] #3 [Go To First Post]
User62923 - Posts: 27
I don't think so. I believe this is just averaging FI with a fixed MA within it. I want to change the MA itself which is used for calculating FI.

[2015-04-09 18:41:49] #4 [Go To First Post]
ehlaban - Posts: 50
I do think so. I just checked the code of the Sierra Chart ForceIndex and there's no MA in it. Think you should use the ForceIndexAverage.

[2015-04-09 19:11:28] #5 [Go To First Post]
User62923 - Posts: 27
You must be right, my bad. ehlaban , thanks! SC must be using the formula like here http://www.investopedia.com/terms/f/force-index.asp What I see on my chart must be based on something like this: http://www.mql5.com/en/code/8013 Basically, the second variant with (MA = 1) gives the same result as the original formula. But if you make a longer MA within, it gives different (I'd say much better for trading purposes) result. Now it seems that I have a request to SC to make the second version, would it be possible? It really is just more versatile. The formula is very simple. Instead of subtracting raw Closes, subtract MA of Closes. MA = 1 gives out the same result. Please! Date Time Of Last Edit: 2015-04-09 19:17:14

[2015-04-09 19:23:55] #6 [Go To First Post]
ehlaban - Posts: 50
I will make this version tomorrow

[2015-04-09 19:25:04] #7 [Go To First Post]
User62923 - Posts: 27
THANK YOU!!!

[2015-04-09 21:05:42] #8 [Go To First Post]
ehlaban - Posts: 50
With this version you can show the Force Index or the Force Index Average. Both can be smoothed with an average of choice and you can choose the length of the MA. You can also select the input data. This way you can choose the smoothing you want up to triple by: 1. input data as HLC for example 2. input MA with a period bigger then 1 3. average of the Force Index. Elder used a 13 period EMA i think.


ForceIndexMA.cpp - Attached On 2015-04-09 21:04:53 UTC - Size: 3.29 KB - 511 views ehlForceIndexMA.dll - Attached On 2015-04-09 21:05:12 UTC - Size: 202 KB - 490 views

[2015-04-09 21:19:04] #9 [Go To First Post]
User62923 - Posts: 27
ehlaban, very much appreciated. Thank you!

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