An Introduction to Force Index

Alexander Elder, who was a trader and author, introduced a very special technical indicator, which merges price movement and volume of the stock to calculate the force or strength behind the price movements. The technical team of Money Classic Research in order to generate the accurate Intraday Trading Tips uses this technical indicator. The technical indicator is implemented to spot the potential trend changes. The implementation of force index is in form of oscillator, which varies above and below the zero. Initially, the traders use this index for 13 period but later traders also started using it for longer term.

 

Read More@ moneyclassicresearch.com/

 

Done