Compact mode
Force Index
Known for Combining Price Changes With Volume
Table of content
General Information
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.Asset Class 💰
Specifies the financial instruments for which the indicator is most commonly usedMade In 🌍
The country or origin of the trading indicator
Characteristics
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.Complexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorPopularity 🏆
Indicates how widely used and recognized the indicator is in the trading community
Facts
Interesting Fact 💡
An intriguing or lesser-known fact about the trading indicator- Developed by Dr. Alexander Elder
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicator- It's like measuring the market's muscle power
Application
Timeframe 🕑
The time intervals or periods for which the trading indicator is most effective or commonly used.
Technical Details
Calculation Method 🧮
The mathematical or analytical approach used to compute the trading indicator's values.Signal Generation 📊
Describes the methods by which the indicator produces trading signalsCustomization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicator
Usage
For whom 👥
The target audience or user group for the trading indicatorPurpose 📈
The primary purpose or application of the trading indicator
Evaluation
Pros 👍
Advantages of using the trading indicatorCons 👎
Disadvantages or limitations of the trading indicator- Can Be Volatile In Low-Volume ConditionsIndicators that remain stable and accurate in low-volume trading environments Click to see all.
- Requires Smoothing For Better Signals
Performance Metrics
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesCustomization Score 🔧
A score representing the degree of customization available for the trading indicator- 6.5The customization score for Force Index is 6.5 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metrics
Alternatives to Force Index
Chande Momentum Oscillator (CMO)
Known for Momentum Measurement🔧 is more customizable than Force Index
⭐ is rated higher overall than Force Index
Money Flow Index (MFI)
Known for Volume And Price Movements🔧 is more customizable than Force Index
⭐ is rated higher overall than Force Index
Know Sure Thing (KST)
Known for Trend Strength Measurement🔀 is more versatile than Force Index
🔧 is more customizable than Force Index
⭐ is rated higher overall than Force Index
Chaikin Money Flow (CMF)
Known for Identifying Accumulation/Distribution💯 is more reliable than Force Index
💻 is easier to use than Force Index
⭐ is rated higher overall than Force Index
Accumulation/Distribution Line (A/D)
Known for Volume-Based Price Trends💻 is easier to use than Force Index
Awesome Oscillator (AO)
Known for Simplicity And Effectiveness💻 is easier to use than Force Index
⭐ is rated higher overall than Force Index
Percentage Price Oscillator (PPO)
Known for Relative Strength Measurement💻 is easier to use than Force Index
🔀 is more versatile than Force Index
🔧 is more customizable than Force Index
⭐ is rated higher overall than Force Index