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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: bearshark who wrote (13728)	2/1/1998 11:06:00 AM
From: ViperChick Secret Agent 006.9	Read Replies (2) \| Respond to of 94695

Elder Force Index- has anyone had any experience with it... The Elder FORCE Index --------------------- The Force Index is an oscillator developed by Dr. Alexander Elder and its derivation is described on Pg. 227 of his very well known book entitled "Trading for a Living". (Todays_price - Yesterdays_price) Force Index = Todays_volume x --------------------------------- Yesterdays_price As suggested by Dr. Elder, the index is smoothed by a thirteen day exponential moving average. The Bulls are in control when the index is positive. When the index rallies to a new high it indicates that the uptrend is likely to continue. I decided to use percentage change in price rather than absolute change in price. It makes almost no difference to the shape and appearance of the curve but the values fall into a much more reasonable range for presentation.