The forex industry is made up of countless definitions and it's easy to forget a few along the way. But because no forex education can be complete without a glossary of forex terms, we've compiled one which aims at explaining key definitions in the simplest way possible. This way, you'll never be lost or confused again!
It’s a technical oscillator that measures the momentum of rallies and declines. It was developed by Alexander Elder. It makes use of the:
A positive difference shows that the bulls are in control. A negative difference shows that the bears are in control.
Force Index = Volume Today x (Close Today – Close Yesterday)
Category: Technical Indicators