Force Index (ForceIndex)

Dr. Alexander Elder's Force Index combines the direction of a price change, its extent, and the volume behind it into a single measure of the power of buyers or sellers, smoothed with a 13-period EMA. Readings above zero indicate buying pressure, below zero selling pressure.

Live Demo

Pick a market regime to see how ForceIndex(13) reacts:

Usage

import {ForceIndex} from 'trading-signals';
 
// ForceIndex yields results once 14 inputs have been added
const forceIndex = new ForceIndex();