DOWNLOAD INDICATOR

Force Index MetaTrader 4 Forex Indicator measures the Bulls Power at each increase, and the Bulls Power at each decrease.It connects the basic elements of market information: price trend, its drops, and volumes of transactions. This index can be used as it is, but it is better to approximate it with the help of Moving Average. Approximation with the help a short moving average ( 2 intervals) contributes to finding the best opportunity to open and close positions. If the approximations is made with long moving average (period 13), the index shows the trends and their changes.

• It is better to buy when the forces become minus (fall below zero) in the period of indicator increasing tendency;
• The force index signalizes the continuation of the increasing tendency when it increases to the new peak;
• The signal to sell comes when the index becomes positive during the decreasing tendency;
• The force index signalizes the Bears Power and continuation of the decreasing tendency when the index falls to the new trough;
• If price changes do not correlate to the corresponding changes in volume, the force indicator stays on one level, which tells you the trend is going to change soon.

Force Index MT4 Indicator – Download Instructions

In order to transform accumulated history data, you need to install a MetaTrader 4

Force Index – it is a MetaTrader 4 indicator that allows you to detect several changes and dynamics in price that many traders can’t estimate or see without an indicator, which highlights its essence and usage.

Accordingly, traders can draw conclusions and make estimates about how the prices will change based on the information they have and then they can modify their strategy for better trading.

How to install Force Index indicator for MetaTrader 4.mq4?

Download indicator for MetaTrader 4.mq4
Copy On Force Index  to Directory / experts / indicators /
Start or restart your Metatrader 4 Client
Select Chart and Timeframe where you want to test your mt5 indicator
Search “Custom Indicators” in your Navigator mostly left in your Metatrader 4 Client
Right click on Force Index for MetaTrader 4.mq4
Attach to a chart
Modify settings or press ok
now indicator for MetaTrader 4.mq4 is available on your Chart

How to remove Force Index Indicator for MetaTrader 4.mq4 from your Metatrader 4 Chart?

Select the Chart where is the Indicator running in your Metatrader 4 Client
Right click into the Chart
“Indicators list”
Select the Indicator and delete.

Related Indicator:OBVMTF MetaTrader 4 Forex Indicator

Questions about this indicator? Ask our community

Download Force Index MetaTrader 4 Indicator

DOWNLOAD INDICATOR