rsdivekar
8 posts
msg #32504
- Ignore rsdivekar |
7/5/2004 3:05:13 AM
apart from the simple example provided on the help page, can anybody
post a filter which uses Force Index FI(2) or FI(13) ?
FI seems like a pretty useful filer, though I dont see any discussion / threads
on it .
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xraywiz
22 posts
msg #32509
- Ignore xraywiz |
7/5/2004 6:43:11 PM
You may already know this, but fwiw, Alex Elder's two books on trading room discuss it in full detail.
It is a good filter to tell you about the market direction, and I have tried-- and I think I have it stashed somewhere--, a filter that used the "differnce" between the two (bull vs bear) that seemed to work very well.
I will find it and post it here soon
MMF
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phacke
1 posts
msg #32835
- Ignore phacke |
8/13/2004 12:00:56 AM
I too would be very interested in seeing force index, especially with the ability to have a running average of the values over a few days too smooth the peaks to see if it is on the whole positive or negative. Please indeed post if you can dig it up!!!
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40027050
6 posts
msg #32890
- Ignore 40027050 |
8/19/2004 5:11:37 PM
Try this :
show stocks where the weekly MACD Histogram has been increasing for the last 1 week and the daily Force Index(2) < 0 and daily Force Index(2) > daily Force Index(2) 1 day ago and EMA(13) has been increasing for the last 5 days (= bullish)
show stocks where the weekly MACD Histogram has been decreasing for the last 1 week and the daily Force Index(2) > 0 and daily Force Index(2) < daily Force Index(2) 1 day ago and EMA(13) has been decreasing for the last 5 days (= bearish)
does not work well in intra-day timeframes = swing or lontime traders !!
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