Force Index with Buy on Dip strategy

26 nov 2017

This charts has 2 indicators
1 - Force Index
This indicator is based on Dr Alexander Elder ForceIndex indicator with relate price to volume by multiplying net change and volume.
- GREEN Bar indicates Bull is in control
- RED Bar indicates Bear is in control.
LENGTH of the bar indicate the strength of Bull or Bear.
Normally there's potential BUY if the RED bar turned GREEN and SELL if GREEN to RED.

2 - Stochastic momentum
Stochastic momentum is to detect potential Reversal where BLUE bar will appear if :-
- Oversold - Stochastic less than 35
- Closing price is higher than last 2 High (Fast Turtle)

// Note : Best use with "EMA Indicators with BUY sell Signal"

15 gen 2020

Note di rilascio

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Description :-
This indicator is based on Dr Alexander Elder ForceIndex indicator
with relate price to volume by multiplying net change and volume.

1 - GREEN Bar and GREEN background indicates Bull is in control
2 - RED Bar and RED background indicates Bear is in control.

LENGTH of the bar indicate the strength of Bull or Bear.
Normally there's potential BUY if the RED bar turned GREEN and SELL if GREEN to RED.

On top of that, it's also include information about Stochastic momentum to detect
potential Reversal. BLUE bar will appear if :-
1 - Oversold - Stochastic less than 35 (Default value set at 35)
2 - Closing price is higher than last 2 High

Note : Best use with "EMA Indicators with BUY sell Signal"

17 gen 2020

Note di rilascio

New Update :-
Change background color of the FiFT indicator to indicate BULL or BEAR force.


1 - GREEN Bar and GREEN background indicates Bull is in control
2 - RED Bar and RED background indicates Bear is in control.

LENGTH of the bar indicate the strength of Bull or Bear.
Normally there's potential BUY if the RED bar turned GREEN and SELL if GREEN to RED.

On top of that, it's also include information about Stochastic momentum to detect
potential Reversal. BLUE bar will appear if :-
1 - Oversold - Stochastic less than 35 (Default value set at 35)
2 - Closing price is higher than last 2 High

Note : Best use with "EMA Indicators with BUY sell Signal"

10 mag 2020

Note di rilascio

Remove Star from -ve FiFT BOD signal.

24 ago 2020

Note di rilascio

Bug fix : FiFT change with different candle type.
Standardize signal to avoid confusion : OB = Overbought, OS = Oversold.

28 nov 2020

Note di rilascio

Code Clean up

15 giu 2021

Note di rilascio

Simplify the code to focus on volume only instead of integrating Volume and Pirce