Average Force

Category: momentum

A smoothed momentum oscillator that measures the position of the close price relative to the high-low range of a lookback period, centered around zero.

Formula

AF = \frac{1}{S} \sum_{i=0}^{S-1} \left( \frac{Close_i - LowMin_{P}}{HighMax_{P} - LowMin_{P}} - 0.5 \right) \text{ where } P = \text{Period}, S = \text{Smooth}

Inputs

• P (default: 20)
• S (default: 9)

See signal primitives, usage in published strategies and more on WOBR StrategyVerse.