Force Index With ATR Channels

• 11/04/2023 at 12:22 PM #223199
  oyinloyea

  Please help me with . I am trying to make atr of forceindex. I don’t think is right.

  findex = (close – close[1]) * volume
  f1= ExponentialAverage[periods](findex)
  ATR= AverageTrueRange[14](close)
  ATRU1 = f1 + (AverageTrueRange[14](close) * 1)
  ATRD1 = f1 – (AverageTrueRange[14](Close) * 1)
  ATRU2 = f1 + (AverageTrueRange[14](close) * 2)
  ATRD2 = f1 – (AverageTrueRange[14](Close) * 2)
  ATRU3 = f1 + (AverageTrueRange[14](close) * 3)
  ATRD3 = f1 – (AverageTrueRange[14](Close) * 3)
  return f1 as “f1”, atru1 as “atru1”,atru2 as “atru2”, atru3 as “atru3”,atrd1 as “atrd1”,atrd2 as “atrd2”, atrd3 as “atrd3”, atr as “atr”

   

   

  

  oyinloyea

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  11/04/2023 at 12:50 PM #223201
  JS

  Hi,

  If you want to calculate the ATR of the Force Index, you must include the Force Index in your ATR calculation…

  ATR=AverageTrueRange[14](findex) and not ATR=AverageTrueRange[14](Close)

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  oyinloyea

  

  JS

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  12/18/2023 at 2:01 PM #225385
  oyinloyea

  I am still having problems with the above. I have recoded it . I think I am doing something wrong. Thanks

  // Period =13

  findex = (close – close[1]) * volume
  f1= ExponentialAverage[periods](findex)
  ATR= AverageTrueRange[14](findex)
  ATRU1 = f1 + (AverageTrueRange[14](close) * 1)
  ATRD1 = f1 – (AverageTrueRange[14](Close) * 1)
  ATRU2 = f1 + (AverageTrueRange[14](close) * 2)
  ATRD2 = f1 – (AverageTrueRange[14](Close) * 2)
  ATRU3 = f1 + (AverageTrueRange[14](close) * 3)
  ATRD3 = f1 – (AverageTrueRange[14](Close) * 3)
  return f1 as “f1”, atru1 as “atru1”,atru2 as “atru2”, atru3 as “atru3”,atrd1 as “atrd1”,atrd2 as “atrd2”, atrd3 as “atrd3”, atr as “atr”

  

  oyinloyea

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  12/19/2023 at 11:21 AM #225413
  JS

  Hi @oyinloyea

  I see you want to use the force index like for example the Bollinger Bands…

  Keep in mind (in the graph) that the force index produces very large values by multiplying by the Volume…

  I’m assuming you want to base the ATR channels on the “force index” and not on the “Close”…

  (In that case, you need to replace the “Close” with “findex”)

  ATRU1 = f1 + (AverageTrueRange[14](findex) * 1)
  ATRD1 = f1 – (AverageTrueRange[14](findex) * 1)
  ATRU2 = f1 + (AverageTrueRange[14](findex) * 2)
  ATRD2 = f1 – (AverageTrueRange[14](findex) * 2)
  ATRU3 = f1 + (AverageTrueRange[14](findex) * 3)
  ATRD3 = f1 – (AverageTrueRange[14](findex) * 3)

  

  JS

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