The Force Index, developed by Alexander Elder, is an indicator that uses price and volume to assess the power behind a move or identify possible turning points. The Force Index was introduced in his classic book, Trading for a Living….

Volume Weighted MA ( VWMA ) for Amibroker SetChartBkGradientFill( 54, 54 ); function VWMA( price, pds ){aa = Sum( ( Volume * price ), pds );bb = Sum( Volume, pds );Cc = aa / Nz( bb );return Cc;} pr = ( 2…

ERS measures the stock’s price performance relative to all other listed equities. Basically, it measures how well or poorly a stock is performing relative to its’ peers. _SECTION_BEGIN(“IBD RS RANKING”);//IBD RS RANKINGRSW = 0.4*ROC(C,65)+ 0.3*ROC(C,130) +0.3*ROC(C,260);Plot(RSW,”RANKING IBD” ,colorBrightGreen,styleLine) ;Plot(EMA(RSW,10),”” ,colorRed,styleLine|styleDashed|styleNoLabel); BuyIBD=RSW>EMA(RSW,10);SellIBD= RSW<EMA(RSW,10); Filter…

Traders Dynamic Index (TDI) MetaTrader indicator — a comprehensive but helpful indicator that uses RSI (Relative Strength Index), its moving averages, and volatility bands (based on Bollinger Bands) to offer traders a full picture of the current Forex market situation. Input parametersRSI_Period…

The Moving Volume Weighted Average Price (MVWAP) is a special type of price average indicator which takes into account volume; this provides a much more accurate snapshot of the average price. This formula shows buy/sell signal based on the cross…

the Unbounded SMI values are allowed to go outside the -100 to 100 boundaries imposed by the standard SMI indicator. Periods=Param(“Periods”,15,2,100);Smooth1=Param(“Smooth1”,3,1,100);Smooth2=Param(“Smooth2”,3,1,100);HH=HHV(Ref(H,-1),Periods);LL=LLV(Ref(L,-1),Periods);StoMom=100*EMA(EMA(C-0.5*(HH+LL),Smooth1),Smooth2)/(0.5*EMA(EMA(HH-LL,Smooth1),Smooth2));Plot(StoMom,_DEFAULT_NAME(),ParamColor(“Color”,ColorCycle));PlotGrid(80,colorRed);PlotGrid(0,colorLightGrey);PlotGrid(-80,colorLightGrey);

Trend Intensity Index (TII) was developed by M.H. Pee and it is used to measure the strength of a trend of a sock, ETF, index or any other tradable security. TII oscillates around 50% line in the range from 0 to 100%….