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Random article: Forex indicators: Force Index

According to A. Elder, 13 periods' Strength Index demonstrates dominating force on the market – bulls or bear - very well. With Force Index (13) above the middle line, bulls rule on the market, whereas FI is below the middle line, bears dominate. With FI dragging near middle line and crossing it a few times, it says about absence of market tendency. New maximum above middle line shows that ascending trend is confirmed. In this respect, a new lowest point below middle line speaks for descending tendency. When with growth or decline of price Force Index (13) starts giving decreasing extreme points – essentially, forming divergence/ convergence – it indicates that current trend loses its significance and a reversal is probable.

Popular article: Forex stochastic oscillator

Stochastic oscillator – is a technical indicator designed by the president of "Investment Educators" corporation George C. Lane in the end of 1950-s. Stochastic estimates market momentum and shows position of present price against price range (between High and Low) for a definite time period. It is measured in per cent from 0 to 100. According to George C. Lane, “doesn't follow price, it doesn't follow volume or anything like that. It follows the speed or the momentum of price. As a rule, the momentum changes direction before price.”

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