Elder's Force Index (EFI)

Elder's Force Index (EFI) measures the power behind a price movement using price and volume. The indicator can also be used to identify potential reversals and price corrections. The EFI is an oscillator that fluctuates between positive and negative values, above and below a Zero Line. Alexander Elder, the indicator's creator, believed that there are three components to a security's price movement. Those three components are; direction, extent and volume. All three of these components are combined by the EFI to generate the oscillator.

Read more about Elder's Force Index (EFI) in TradingView wiki.
TAS TAS TOP GBPCAD, 240, Short , 4 hours ago
GBPCAD: GBPCAD short setup on a Gartley and H&S
22 0 3
GBPCAD, 240 Short
GBPCAD short setup on a Gartley and H&S
SETUP - Many reasons to short. Two patterns, one H&S, all by the long term trendline. MACD with no strengh to the upside. Volume on the short side has been stronger the past few days.
Federman19 Federman19 NEWM, D, Long , 20 hours ago
NEWM: NEWM Bullish Gap and Go Swing
3 0 3
NEWM, D Long
NEWM Bullish Gap and Go Swing
Gap and Go today with good volume. Will be placing a stop limit buy at 16.15 with a stop at 15.90
Kevin_Lomax Kevin_Lomax PRO MVIS, D, Long , 17 hours ago
MVIS: Penny Stock Speculation
18 0 2
MVIS, D Long
Penny Stock Speculation
I have been watching this stock for a while. With the recent failure from the highs I decided I would share. MicroVision is company I became interested in for a fundamental reasons. They are the creator of the "PicoP" projector, and they create laser based projection systems. They also hold a large portfolio of ...
Edwardehz Edwardehz PRO MRNS, 60, Long , 17 hours ago
MRNS: With volume we could see price action at $1.48
10 0 2
MRNS, 60 Long
With volume we could see price action at $1.48
Tech Analysis
FxWirePro FxWirePro GBPUSD, M, Short , a day ago
GBPUSD: GBP/USD technicals and trade setup
190 0 7
GBP/USD technicals and trade setup
GBP/USD interim bulls in range, well below 7-EMA, major bear trend still appears to be intact – Deploy DCPS to speculate: The interim bulls are performing well from the recent past, upswings from the lows of 1.2205 are now drifting in sideways (see weekly and daily plotting), on the contrary, the major downtrend ...
HAL9000 HAL9000 PRO MNK, D, Long , a day ago
MNK: Technical divergence to be resolved upwards?
10 0 3
MNK, D Long
Technical divergence to be resolved upwards?
COMPELLING FUNDAMENTALS With a strong buy recommendation from the consensus and a 55% target upside, this stock looks fundamentally compelling The company has average revenue growth of 11% with an R.O.E. of 9.25% and an undemanding valuation (P.E. 12x, P/BV 1x) The pharma sector might also provide interesting ...
FxWirePro FxWirePro AUDJPY, M, Long , a day ago
AUDJPY: AUD/JPY technicals and trade setup
86 0 7
AUD/JPY technicals and trade setup
AUD/JPY upswings likely to extend, price, volumes, leading and lagging oscillators move in tandem – Stay long in futures near month: Watch out for more rallies up to 86.379 on break-out above resistance at 81.520 and bullish SMA crossover. The current prices spike above SMAs, EMAs & channel resistance after ...
MarketChicken MarketChicken PRO BUD, D, a day ago
BUD: Bouncy Bud
15 0 2
Bouncy Bud
This is deeply OS but there is more room for it to fall on the daily - however, there's a bullish macd cross. Note the candle it's bought up but big negative volume. This being BUD with its huge yield, there should be a bounce soon. We're at late 2014 levels currently and blown the 200 sma
MirkenMuffley MirkenMuffley AMZN, D, Long , a day ago
AMZN: Bulkowski's Ugly Double Bottoms
35 0 1
AMZN, D Long
Bulkowski's Ugly Double Bottoms
The figure to the right shows the preferred setup. The decline begins at point 1, usually several months before the ugly double bottom. As price nears the ugly double bottom, it declines at a faster rate, usually forming a straight-line run that approximates 45 to 60 degrees (points 2 to 3). This is the blow-off ...
investigator investigator PRO BTCUSD, W, a day ago
BTCUSD: BTC WEEKLY CHART: "The Panic Zone" The China Yuan Devaluation
123 0 3
BTC WEEKLY CHART: "The Panic Zone" The China Yuan Devaluation
This 8 week arm of the 1.5 year BTC rally is about to subside. First a little history. The Chinese investors (not the government) are in control of BTC value. The Chinese banksters are actively devaluing the Yuan. This is round two of major devaluation moves and it is nearing completion. As it completes the ...
austinchan austinchan PRO USOIL, 240, Short , a day ago
USOIL: Crude weakness - short
88 0 4
USOIL, 240 Short
Crude weakness - short
Couldn't break previous high even with OPEC momentum. MACD turning too + lower volume. TP1: 50.4 TP2: 48.13 It might retrace upwards a little bit from here. Details on chart.
AlexTrik AlexTrik USOIL, D, Long , 2 days ago
36 2 2
OIL ULTRA BULL-LONG: OIL $60 by year end
Not much to say. The deal rejuvenated oil. Daily and Weekly are bullish with nice volume to accomodate the increase. Oil should be $60+ by year end
IAmSatoshi IAmSatoshi BTCUSD, D, Long , a month ago
BTCUSD: Potential Cup & Handle Formation
1673 4 21
Potential Cup & Handle Formation
See chart for annotation. Looking for a pullback to ~50% fib with RSI 'reset' to 50. Expect volume confirmation on handle breakout of horizontal resistance. Target ~$1000USD
Tecnologia_Financiera Tecnologia_Financiera AA, 60, 4 days ago
AA: AA Ascending triangle
34 1 2
AA, 60
AA Ascending triangle
the Ascending tiangle is a bullish chart pattern used in technical analysis that is easily recognizable by the distinct shape created by two trendlines. In an ascending triangle, one trendline is drawn horizontally at a level that has historically prevented the price from heading higher, while the second trendline ...
bagofXMR bagofXMR XMRBTC, 240, Long , 24 days ago
XMRBTC: XMR bottomed
588 0 10
XMRBTC, 240 Long
XMR bottomed
I see a clear bottom for monero in the 0.006 range, where the first wave of the last bull run bottomed. Monero has clearly double bottomoed in this area, and as predictable it is going upwards. MAIN THREAT: BTC running too quick. I do know btc trend is upwards but we have already seen huge alt-pumps while btc in a ...
FxWirePro FxWirePro EURUSD, W, 2 days ago
EURUSD: EURUSD bulls clamps in but bears not far away from 1-year lows
175 0 11
EURUSD bulls clamps in but bears not far away from 1-year lows
EUR/USD bulls clamps in at stronger supports but bears not far away from 1-year lows, price, volumes and indicators in bears’ favor: This week, although EURUSD price gains to the current levels of 1.0628 levels from the lows of 1.0552 levels, interim bulls are still lingering near 1-year lows to create space for ...
TPparadigma TPparadigma XAUUSD, 60, 2 days ago
XAUUSD: GOLD / Loading...
2867 42 35
GOLD / Loading...
New month, means new data and full recalculation, is what I was working on. Bear key levels are way too deep down, not even near where we are now. Everything under Permanent Volume yearly target ( 1180 that I mention ) is a part of SL hunt game. Frequency rollover yesterday completed and gold is ready for this new ...
stantrader stantrader SPY, D, Short , 10 days ago
SPY: SPX - Are you tired? The SPX is Tired... hangman?
516 8 14
SPY, D Short
SPX - Are you tired? The SPX is Tired... hangman?
We have hit exhaustion. We finally made it to 2200, and we did it in parabolic form. Similar to the trajectory of a rocket. Today we closed above 2200, but not without a day of wrestling with a bear. We posted a hangman candlestick which usually concludes the end of a trend. Furthermore, volume was very light and ...
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