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Forex Glossary

The Industry's Most Important Terms Explained

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!


Force Index

It’s a technical oscillator that measures the momentum of rallies and declines. It was developed by Alexander Elder. It makes use of the:

  • Difference between the close of the current price and that of the previous session.
  • Extent of the difference.
  • Volume of the current session.

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

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