//------------------------------------------------------------------------------
//
// Formula Name: Force index
// Author/Uploader: Thomas Youssef
// E-mail: thomasmejl@hotmail.com
// Date/Time Added: 2005-02-22 02:07:19
// Origin:
// Keywords: force index Alexander Elder indicator
// Level: basic
// Flags: indicator
// Formula URL: http://www.amibroker.com/library/formula.php?id=433
// Details URL: http://www.amibroker.com/library/detail.php?id=433
//
//------------------------------------------------------------------------------
//
// Alexander Elder磗 classic force index indicator
//
// I use them on swedish stocks, weekly.
//
// The rules are easy:
//
// If the indicator is below zero AND there is a bullish divergence, then go
// LONG
//
// If the indicator is above zero AND there is a bearish divergence, then go
// SHORT
//
// Works well when you have a head and shoulder or a triangular formation
// against the zeroline.
//
//------------------------------------------------------------------------------
/*Made by Thomas Youssef, 2005-01-15
Alexander Elder磗 classic force index indicator
I use them on swedish stocks, weekly.
The rules are easy:
If the indicator is below zero AND there is a bullish divergence, then go LONG
If the indicator is above zero AND there is a bearish divergence, then go SHORT
Works well when you have a head and shoulder or a triangular formation against the zeroline.
*/
_SECTION_BEGIN("Force index");
FI=EMA(((C-Ref(C,-1))*V),13);
Plot(FI,"FI",12,5);
Plot(0,"ZERO LINE",colorWhite,styleThick);
_SECTION_END();