Force Index

marKet Outlook

asr: see the chart at below Link which explains EMA13 of Forece Index, it seems the above 'Short Term trading' guy takes this bottom EMA to price chart ( with price scale etc..) and use it to paint BLUE/RED price bars
It takes one parameter which is the number of periods to use when exponentially smoothing the raw Force Index. The default smoothing value is 13.
http://stockcharts.com/help/doku.php?id=chart_school:technical_indicators:force_index


See the USL , the bottom of the %b seems working to see upTrends in OIL

Force Index
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In my charts, I used two indicators. The force Index indicator. I used the force index indicator, which is an indicator measuring the force of bulls during uptrends and the force of bears in downtrends. It takes into account price and volume.
- I applied a 13-day exponential moving average (EMA) of the force index to help track the trend.
- When the trend is positive, the color is blue; when the trend is negative, the color is red. You can see that the weekly trend has been up since last March.




Discovering the Force Index - Part 2: Trading Rules by Jason Van Bergen

UNG force index indicator is negative. The %b indicator is near the oversold level.

IBM Force Index
http://financialmarkets.industrialinfo.com/industrialinfo/news/read?GUID=11540283

%b Indicator
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I applied also the %b indicator, which is derived from the Bollinger bands. It measures where the last price is in relation to the bands and it tells us where we are within the bands. %b in this time frame is near the overbought level.