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0.00% $2.91 boart longyear group ltd

The Force index is calculated by subtracting yesterday's close...

  1. absolut-advance
    558 Posts.
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    09/11/08
    15:13
    Post #: 4480961
    The Force index is calculated by subtracting yesterday's close from today's close, before multiplying by volume:
    Force index = (Close [today] - Close [yesterday]) * Volume

    Developed by Dr Alexander Elder, the Force index combines price movements and volume to measure the strength of bulls and bears in the market.

    Force index can be found in Trading For A Living by Dr Alexander Elder.

    AA
    BLY Price at posting: 36.3¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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