Force Index

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    It’s a technical oscillator that measures the momentum of rallies and declines. It was developed by Alexander Elder. It makes use of the:

    • Difference between the close of the current price and that of the previous session.
    • Extent of the difference.
    • Volume of the current session.

    A positive difference shows that the bulls are in control. A negative difference shows that the bears are in control.

    Force Index = Volume Today x (Close Today – Close Yesterday)

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