What is the Elder Force Index?
Dr . Alexander Elder is one of the contributors to a newer generation of technical indicators. His force index is an oscillator that measures the force, or power, of bulls behind particular market rallies and of bears behind every decline. The three key components of the force index are the direction of price change, the extent of...
Jurik CFB Adaptive, Elder Force Index w/ ATR Channels is a variation of Elder Force Index that better adapts to trends by calculating dynamic lengths for the traditional Elder Force Index calculation. ATR channels are added to show levels of price extremes or exhaustion of price either up or down. Elder Force Index is typically used for spotting reversals on the...
Inspired by the new version of the "Force Index" announced by Dr. Alexander Elder a few years ago - "Elder Force Index With ATR Channels".
Unfortunately original version of script only works on MetaTrader platforms, so this is an attempt to
implement this great idea on TradingView...
Force Index is an oscillator. It combines volume with prices
to discover the force of bulls or bears behind every rally or decline.
It brings together three essential pieces of information the direction of price
change, its extent, and the volume during that change. It provides a practical way of
using volume for making trading decisions.
Force Index can be...
![BTCUSDT: Adaptive Elder Force Index (advanced) [Loxx]](https://s3.tradingview.com/h/hMOhj1M3_mid.png "Adaptive Elder Force Index (advanced) [Loxx]")
![BTCUSDT: Jurik CFB Adaptive, Elder Force Index w/ ATR Channels [Loxx]](https://s3.tradingview.com/v/vr0yG3GI_mid.png "Jurik CFB Adaptive, Elder Force Index w/ ATR Channels [Loxx]")
