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Trend Direction and Force Index
Trend Direction and Force Index
Developed by psychologist and trader Alexander Elder, it was first published in his 1993 book, “Trading for a Living”. This indicator is an oscillator that swings between 1 and -1 and can be qualified as a zero cross by combining both price movement and volume. It has the added advantage of displaying a neutral zone where no significant bull or bear “force” exists, and the market has no distinct direction. This area is between -0.05 and +0.05 as noted on the indicator levels.
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Manufacturer:
nt8indicators
SKU:
TDFI
Vendor:
nt8Indicators
$9.90
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