Elder Volume Force Index %

Questions about MultiCharts and user contributed studies.
filippo.milano
Posts: 42
Joined: 02 Jan 2015

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.

User avatar
TJ
Posts: 7151
Joined: 29 Aug 2006
Location: Global Citizen
Has thanked: 988 times
Been thanked: 2041 times

Re: Elder Volume Force Index %

Postby TJ » 27 Nov 2018

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

User avatar
TJ
Posts: 7151
Joined: 29 Aug 2006
Location: Global Citizen
Has thanked: 988 times
Been thanked: 2041 times

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
Posts: 42
Joined: 02 Jan 2015

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
Posts: 227
Joined: 22 Apr 2014
Has thanked: 57 times
Been thanked: 57 times

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 ) ;


Return to “MultiCharts”