128 Elders Force Index (efi)

Intended to capture direction, extent and volume.

Calculated as: (CurrentPeriodClose - (PreviousPeriod Close) X Volume = EFI 13 Period Exponential Moving Average of EFI = EFI (13)

Divergencies can indicate reversal:

Figure 13.14: Elders Force Index

Price corrections when going below zero:

Figure 13.15: Elders Force Index

Work in the opposite direction as well:

Figure 13.16: Elders Force Index