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Hmm.. Did a little more searching after I saw this post. Some say
use MA and some don't. I've also seen the following for the plotting
of the "Elder Ray" based on a 13 period MA:
Bull Power: H - Mov(C,13,E) (High minus the moving average)
Bear Power: L - Mov(C,13,E) (Low minus the moving average)
So.. which is right? :)
--- In amibroker@xxxxxxxxxxxxxxx, "theoldchartreader"
<theoldchartreader@xxxx> wrote:
>
> //This is a 2 day Force Index
>
> Plot( EMA (Volume*(C-Ref(C,-1)),2),"",colorRed,styleLine);
> Plot( EMA (Volume*(C-Ref(C,-1)),13),"",colorGreen,styleLine);
>
>
>
>
> //This is a 13 Day Force Index
> Plot( EMA (Volume*(C-Ref(C,-1)),13),"",colorGreen,styleLine);
>
>
> Good luck,
> Dennis
>
>
>
>
> --- In amibroker@xxxxxxxxxxxxxxx, "traderix2003" <d.adam@xxxx>
wrote:
> > Has somebody the formula for the Force Index (developed by Dr.
> > Alexander Elder /"Trading For A Living")??
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