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Force index (13)

VolumeLine

Elder's price change times volume, 13-bar EMA, in price × volume.

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What it measures

Price change times volume, smoothed: the size of a move weighted by the volume that made it.

Inputs
Length 13
Output
A line, as a ratio
Feeds
Entry and exit rules
Warm-up
14 bars before its first reading
Updates
When each bar closes
Filters entries
No. It’s measured and charted, and doesn’t change which entries are taken.
Part of
Elder's Force Index
Also known as
Force Index, EFI

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