Measuring the power of the bulls and bears using an Indicator

The Force Index, created by Alexander Elder is one of the indicators that helps in measuring the power of the bulls and bears. Basically, showing you the momentum. It takes into consideration price and volume. I've been reading about the force index on investopedia.com. The links are below.


Discovering the Force Index - Part 1: Introduction
http://www.investopedia.com/articles/trading/03/031203.asp

Discovering the Force Index - Part 2: Trading Rules
http://www.investopedia.com/articles/trading/03/032603.asp

Youtube video
http://www.youtube.com/watch?v=xRmYpBBQurg

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