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Elder's Force Index (EFI)

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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.
magarto magarto BTCUSD, 240,
BTCUSD: Good method for trading BTCUSD on neutral and long positions
304 14 4
BTCUSD, 240
Good method for trading BTCUSD on neutral and long positions

Hi to everyone! I would like to share to you an excellent method for trading BTCUSD on neutral and long positions. I use a MA30 (moving average of 30 periods) + Elder's Bull and Bear Power indicators on H4 or D. Buy process: When MA30 changes trend from downtrend to uptrend + candlestick is over the MA30 + both indicators are above 0 level = BUY Sell process / ...

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