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.
vlad.adrian vlad.adrian PRO ILMN, D, Long , 2 months ago
ILMN: Illumina Corp - Failing Head and shoulders
52 0 6
ILMN, D Long
Illumina Corp - Failing Head and shoulders

Previous chart is linked below. On the weekly chart, there is a massive head and shoulders pattern which just keeps failing to break below the neckline. This was the 3rd attempt at a break below, and it looks to me like this is a clear rejection, again. In theory, when a H&S pattern fails to break, the target for it is the top of the head. However, I labeled a ...

vlad.adrian vlad.adrian PRO NZDUSD, 240, Long , 3 months ago
NZDUSD: New Zealand Dollar - Timing a long
90 0 6
NZDUSD, 240 Long
New Zealand Dollar - Timing a long

I will explain in this chart how I am planning a long trade for the NZD. Starting off with the weekly chart, I see a decline to value in NZDUSD, right to the psychological level of 0.7. The Force Index is oversold in an uptrend, this is the time to buy. Going on to the daily chart, I can see a double bottom formation in a bigger H&S formation. When H&S do not ...

vlad.adrian vlad.adrian PRO XOM, D, Long , 3 months ago
XOM: Exxon Mobil - Inverted H&S combined with inverted H&S
43 0 3
XOM, D Long
Exxon Mobil - Inverted H&S combined with inverted H&S

Two inverted H&S formations, one on weekly, one on daily. Indicators are not signaling much, as Exxon has been in a correction(Force Index Oversold which is always the best scenario in a correction) on the higher time frame and a consolidation on the daily chart. Soft Stop on this one, it's hard to choose a level, I play these patterns more on feeling. I am ...

vlad.adrian vlad.adrian PRO XAUUSD, D, Long , 4 months ago
XAUUSD: Gold - A consolidation in an uptrend
235 5 10
Gold - A consolidation in an uptrend

Gold has started a new major uptrend, as shown in my previous two charts linked below. The price of gold is currently going sideways, consolidating and testing support at 1300 level. Although the weekly chart has not reached value at the EMA Wave, the Force Index was oversold and the impulse turned green after a bullish engulfing candle, all very bullish. Going ...

Everlost Everlost GBPCAD, D, Short , 5 months ago
17 0 0
/09171611/ GBPCAD SHORT

1) break support line 2) force index < 0 3) CCI exit from OB zone 4) Stoch - brear cross 5) macd - almost change direction looks like we may open sell orders now

Everlost Everlost CADJPY, 240, Long , 6 months ago
CADJPY: /08061759/ trackng force index
32 0 2
CADJPY, 240 Long
/08061759/ trackng force index

1. All big deal start when trendline will broken 2. 77.X - strong support level, buy from bottom - good idea

zhsloe zhsloe ETHBTC, D, 6 months ago
ETHBTC: Ethereum: The money-making part of the story is over?
375 2 10
Ethereum: The money-making part of the story is over?

I personally am not going to trade ETH until the current hard-forking situation becomes clear, but here is an interesting observation - minor, intermediate and major EMAs are currently in one place. It means that ETH price has reached an important consensus and from now on a big move is to be expected. Directional system shows us that the big uptrend is as good as ...

vlad.adrian vlad.adrian PRO SOCL, W, Short , 8 months ago
SOCL: Social Media - stuck in a range
43 0 5
SOCL, W Short
Social Media - stuck in a range

This ETF that tracks the evolution of social media companies is stuck in a range, and a range always offers possible trades. The range is visible on the weekly chart. I would have liked to see a a false breakout above the ceiling, so I will have a soft stop above it, offering this trade enough wiggle room. The Force Index is oversold, On the daily chart, price ...

vlad.adrian vlad.adrian PRO MSFT, W, Long , 8 months ago
MSFT: Microsoft - Consolidating at support
69 0 6
MSFT, W Long
Microsoft - Consolidating at support

A very very long uptrend for Microsoft, but since the start of 2016, not much happened. Zooming in, Microsoft is moving sideways, and that still gives room for opportunities. Right now, Microsoft is consolidating at support, after a sort of bearish divergence pushed price down. The Force Index is oversold which is always great in an uptrend. Four weeks ago, the ...

vlad.adrian vlad.adrian PRO CMG, W, Long , 8 months ago
CMG: Chipotle - Anticipating a double bottom
83 0 4
CMG, W Long
Chipotle - Anticipating a double bottom

I love chipotle, both the stock and the sauce, never ate in a chipotle restaurant unfortunately. The weekly chart shows a possible double bottom, possible because the impulse is still red. The Force Index shows a panic back in January, and right now we are retesting the panic prices. Going on to the daily chart, a close above 397.70$ will be a confirmation to ...

AnishBadwe AnishBadwe EFH, W, Long , 8 months ago
EFH: Go long with Echelon Financial Holdings
15 0 0
EFH, W Long
Go long with Echelon Financial Holdings

This is my first post and I am 16, so I am open to criticism. I think EFH is rebounding of a strong support and is out of a trading range. I have also indicated using Keltner Channels that the stock is undervalued at the moment. I have kept 90% of the candlesticks between the channels so that a much safer decision is made. MACD shows us that the weekly trend is ...

vlad.adrian vlad.adrian PRO TWTR, D, Short , 9 months ago
TWTR: Twitter - Going lower
97 3 4
TWTR, D Short
Twitter - Going lower

Twitter has been in a downtrend for ages. I remember I tried to pick a bottom once or twice in the past. It looks to me as if every breakout works on this stock, probably because of the strength of this downtrend. An overbought Force Index on the weekly chart with red impulse. Daily looks oversold for now, but still worth a short

vlad.adrian vlad.adrian PRO SSYS, D, Short , 10 months ago
SSYS: Stratasys - Short
58 0 4
SSYS, D Short
Stratasys - Short

SSYS is a company from the 3D printing industry. It has been in an aggressive downtrend, losing more than 80% of its value since it topped out in 2014. Looking at the weekly chart, I believe the stock has not bottomed yet. Price is at value after a class A bullish divergence, while the Force Index is oversold. The daily chart shows a nice double top with a ...

vlad.adrian vlad.adrian PRO T, W, Short , 10 months ago
T: AT&T - Short withing a range
60 0 5
T, W Short
AT&T - Short withing a range

Ranges are probably the easiest to trade, you have a ceiling and a floor all you have to do is go long or short around them. Oscillators can be a big help, take for example the Force Index, which when it got out of its bands, it predicted with high accuracy a move in the opposite direction. I outlined two trades on the chart, along with my explanations. On the ...

vlad.adrian vlad.adrian PRO AAPL, W, Short , 10 months ago
AAPL: Apple - Shorting the right shoulder
267 0 4
AAPL, W Short
Apple - Shorting the right shoulder

Massive Head and shoulders pattern on Apple, which makes it looks pretty bearish. However, until the neckline is broken... it is just a possible h&s. My personal opinion, which is completely subjective (I do not have any fundamental analysis skills) is that Apple won't go below 90$, and from there it will continue its march higher. However, until 90$, I think a ...

vlad.adrian vlad.adrian PRO SPLS, W, Short , 10 months ago
SPLS: Staples - Short from value
29 0 3
SPLS, W Short
Staples - Short from value

Staples has been trending down for a while, and after breaking the strong support at 10$ in December, it slowly grinded its way higher to value, testing the 10$ resistance area and the big break down candle. The force index is overbought, as for entry signals there is a evening star formation while the impulse is blue. Look for at least the previous swing low to ...

richbautista30 richbautista30 UKOIL, M, Long , 10 months ago
90 0 3

Period. Monthly: MACD is diverging to a long position, also with stochastic and force index is in the negative zone. Denoting a change in the trend. E.g. since long would be the coming trend in the monthly, it would only be wise to trade long positions only. even on weekly, daily, hourly. Trading on short would be counter productive. Lets see how this developed

vlad.adrian vlad.adrian PRO NZDUSD, D, Short , 10 months ago
119 0 9
NZDUSD - Short

The weekly chart of this pair shows a bearish divergence on the histogram, price at value, an inverted H&S formation which looks like it is failing, a previously overbought Force Index and blue impulse. All these facts, considering we are in a massive downtrend, makes me want to short. Going on to the daily chart for timing, the setup looks great. There has been ...

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