Force Index
$0.00
Force Index oscillator is a client side VTL indicator centered around the zero-line which is useful for determining trending markets. It is based upon Moving Average and Volume.
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Force Index oscillator is a client side VTL indicator centered around the zero-line which is useful for determining trending markets. It is based upon Moving Average and Volume.
The Force Index is calculated by subtracting the previous candle’s Moving Average from the current candle’s Moving Average and then multiplying the difference by the current candle’s Volume. The logic is that a positive difference in Moving Averages implies rising markets, and a negative difference in Moving Averages implies falling markets. The Volume multiplier is used to determine the strength of the trend.
BUY – Place Buy when indicator value has reached negative extreme and has started to rise.
SELL – Place Sell when indicator value has reached positive extreme and has started to rise.
Usage
- Download the attachment.
- Copy it to your company VertexFX Local VTL Files folder i.e. C:Program FilesCompany Namevtl10Local VTL Scripts
- Restart your Client Terminal or Right Click on “Local VTL Scripts” Tree Node to find the script.
Additional information
| Plugin-Type | Client VTL – Custom Indicator |
|---|---|
| Compatibility |