Elder Volume Force Index %

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filippo.milano
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Elder Volume Force Index %

Postby filippo.milano » 27 Nov 2018

Hi everyone,

i'm trying to coding a Elder Volume Force Index in % mode but i don't know how to do...

this is the code for regular force index:

Code: Select all

vars:
FI (0);

FI = Volume * (Close - Close[1]);
plot1 (FI, "Force Index");


Does anyone can help me and know how can i plot a Force index %? I mean from 0 to 100.

Thanks a lot in advance

Filippo
Last edited by filippo.milano on 27 Nov 2018, edited 4 times in total.

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TJ
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Re: Elder Volume Force Index %

Postby TJ » 27 Nov 2018

See post #1 & #2
viewtopic.php?t=11713

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TJ
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Re: Elder Volume Force Index %

Postby TJ » 27 Nov 2018

What do you mean by "Elder Volume Force Index in % mode"?

How is that calculated?

filippo.milano
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Re: Elder Volume Force Index %

Postby filippo.milano » 27 Nov 2018

Hi TJ,
i think it should be like this:

[x - min(valori)]/[max(valori)-min(valori)]
or
[x/max(valori)]*100

hughesfleming
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Re: Elder Volume Force Index %

Postby hughesfleming » 27 Nov 2018

@filippo.milano

You might consider just calculating the z-score over a suitable range.

regards,

Alex

Edit:

ZScore = (Price - Average( Price, AvgLen ) )/ StandardDev( Price, AvgLen, 1 ) ;


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