Force Index (NNFX Variant)

Category: momentum, volume

Measures the strength of price movements by multiplying the magnitude of price change (via an MA) by the volume.

Formula

ForceIndex[i] = Volume[i] * (MA(Price, Period)[i] - MA(Price, Period)[i-1])

Inputs

• InpForcePeriod (default: 13)
• InpMAMethod (default: MODE_SMA)
• InpAppliedPrice (default: PRICE_CLOSE)
• InpAppliedVolume (default: VOLUME_TICK)

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