Zeiierman

Positive Force Indicator (Expo)

Positive Force (Expo)


DESCRIPTION
The positive force indicator measures the force in the price moves, that is, how aggressive the buyers and the sellers are in relation to each other.

VALUES > 500
Values above 500 are considered as areas where the market might turn. Get ready to enter Short in the market or wait until a Bearish sign appears.

VALUES < 250
Values below approximate 250 mean that the market is in a negative trend.

GAP DOWN
A gap down in the indicator is a strong sign that the sellers dominate the market and thus a signal for a negative trend.

BEARISH SIGN
Bearish sign occurs when the trending price makes a higher high and the oscillator makes a lower low. This shows that the force in the recent price movement is relatively lower than the previous one. Buyers have become less aggressive and sellers are coming in.


HOW TO USE

1. Use the indicator to enter Short in the market.

2. If the indicator is above 500. Get ready to enter Short in the market or wait until a Bearish sign appears.

3. Compare the force in the current price move with previous ones to get an understanding of how aggressive the buyers are.

4. Look for Bearish signs in the indicator.

5. Look for Gaps in the indicator.

6. The indicator is perfectly combined with supply/demand zones, support/resistance levels, and trend channels.


You will have the opportunity to decide the length of the indicator. The standard value is 20 periods.


INDICATOR IN ACTION


BTCUSD


BTCUSD


GOLD


GOLD


EURUSD


GBPUSD


WALL STREET


EURGBP


USDJPY


BRENT


BRENT



I hope you find this indicator useful, and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!

I will continue to work on this indicator, so please share your experience and feedback with me so that I can continuously improve it. Thanks to everyone that have contacted me regarding my scripts. Your feedback is valuable for future developments!


ACCESS THE INDICATOR

β€’ Contact me on TradingView or use the links below




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Disclaimer

Copyright by Zeiierman.

The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.

My scripts/indicators/ideas are only for educational purposes!









Release Notes: Minor Update.

--> Trend Color can be enabled.
--> WMA and WMA Cloud can be enabled.

Best
Release Notes: Major Improvements!

  • Top/Bottom signals are added.

    The Top/Bottom signal should be adjusted to the instrument you're trading.

Best
Release Notes: Improvements!

  • Improved Signals
  • Alerts Added
Release Notes: Improvements!

  • Alerts Added
  • Minor Changes
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Comments

Amazing work
+1 Reply
Zeiierman xkingshotss
@xkingshotss, Thank you! :)
Reply
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