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Force Index

The Force Index is an indicator that uses price and volume to assess the power behind a move or identify possible turning points. The Force Index combines all three "essential elements" of a stock's price movement (direction, extent and volume) as an oscillator that fluctuates in positive and negative territory as the balance of power shifts. The Force Index can be used to reinforce the overall trend, identify playable corrections or foreshadow reversals with divergences.

To apply a Force Index Indicator

  1. From within a chart, from the Edit menu select Studies.
  2. Choose Force Index and click Add to add the study to the Applied Studies group.
  3. Complete parameters as necessary.

Once the study is defined, you can elect to uncheck/check to remove and add the study to your chart.

Important Disclosures