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 ,
ILMN:  Illumina Corp - Further upside possible
30 0 2
ILMN, D Long
Illumina Corp - Further upside possible

Illumina had a slight correction recently, and is now ready to resume the uptrend. The weekly chart is at value, after failing to break the shoulder line resistance, while the volatility and volume decreased significantly if you analyze the Force Index. This leads me to believe that this was a correction, and not a start of a more important bearish move. The ...

vlad.adrian vlad.adrian PRO NZDUSD, 240, Long ,
NZDUSD: NZDUSD - At crossroads
55 0 7
NZDUSD, 240 Long
NZDUSD - At crossroads

The New Zealand dollar stands at a very interesting level, and it looks to me like it is rejecting it. Sometimes, an instrument finds itself at a point where it's easy to make a bet, if it goes below you short, if it stays above you go long. The weekly chart shows a possible double bottom (impulse still red, plus this week's candle is all but encouraging) with a ...

vlad.adrian vlad.adrian PRO CC1!, W, Long ,
CC1!: Cocoa - Bearish trend, bullish signals
97 2 11
CC1!, W Long
Cocoa - Bearish trend, bullish signals

Cocoa has been trending down for about a year after a H&S/Double top/failed Cup and handle, whatever you want to call that topping pattern. Price currently stands at a massive support area, the neckline of a 10 year old H&S. The weekly indicators are starting to show bullish divergences. Although not there yet, as the impulse is still red, there will be strong ...

AntonisMichos AntonisMichos GBPUSD, 240, Short ,
GBPUSD: GBP/USD SHORT
66 0 6
GBPUSD, 240 Short
GBP/USD SHORT

MACD not following movement in 4h chart,despite the fundamental. Force index also predicts a down movement. TP:1.2699

FoggyLights FoggyLights PRO SPX500, 240,
SPX500: SPX500: Signs of Consolidation
167 9 12
SPX500, 240
SPX500: Signs of Consolidation

Another look - at the 4 hr chart with the Force Index. This is to support my earlier posted chart from today. I think we can expect more consolidation chop and the best strategy is to exploit the extremes.

MrMetoff MrMetoff MU, D, Short ,
MU: MU Short
51 1 4
MU, D Short
MU Short

Strong MACD and Force Index divergence, with triple divergence on MACD. Down movement is expected. Watch out for Earnings

MrMetoff MrMetoff VMW, D, Short ,
VMW: VMW Short
21 0 2
VMW, D Short
VMW Short

Strong MACD and Force Index divergences, combined with the long term resistance level. Down movement is expected

MrMetoff MrMetoff GT, D, Short ,
GT: GT Short on MACD and Force Index Divergences
11 0 0
GT, D Short
GT Short on MACD and Force Index Divergences

MACD and Force Index divergence, combined with the strong resistance level, is supposed to give bears some steam here.

MrMetoff MrMetoff EBAY, W, Short ,
EBAY: EBAY short on strong MACD, Force Index divergences
49 0 4
EBAY, W Short
EBAY short on strong MACD, Force Index divergences

Strong bearish divergence on weekly MACD and Force Index. Bulls have lost steam at the upper line of the 8 year-old channel, while impulse system has turned blue, thus letting us sell. Entry -$33.83. Stop is at $34.67, target - $30.48

FoggyLights FoggyLights PRO SPX500, D,
SPX500: SPX500: Spotting Corrections with The Force Index
123 2 8
SPX500, D
SPX500: Spotting Corrections with The Force Index

Alexander Elder recommends using a 22-day EMA for trend identification and a 2-day Force Index to identify corrections. The trend is up when the 22-day EMA is moving higher, which means the 2-day Force Index would be used to identify short-term pullbacks for buying. The trend is down when the 22-day EMA is moving lower, which means the 2-day Force Index would be ...

FoggyLights FoggyLights PRO SPX500, 60,
SPX500: SPX500: The Force Index View
139 3 8
SPX500, 60
SPX500: The Force Index View

It's a funny place.

vlad.adrian vlad.adrian PRO ILMN, D, Long ,
ILMN: Illumina Corp - Failing Head and shoulders
68 0 7
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 ,
NZDUSD: New Zealand Dollar - Timing a long
99 0 7
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 ,
XOM: Exxon Mobil - Inverted H&S combined with inverted H&S
47 0 4
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 ,
XAUUSD: Gold - A consolidation in an uptrend
245 5 10
XAUUSD, D Long
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 ,
GBPCAD: /09171611/ GBPCAD SHORT
21 0 1
GBPCAD, D Short
/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 ,
CADJPY: /08061759/ trackng force index
32 0 3
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,
ETHBTC: Ethereum: The money-making part of the story is over?
382 2 10
ETHBTC, D
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 ...

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