Force Index Indicator

Force Index Indicator

Assess the correct market momentums and trade within accurate trend directions using the best Force Index Indicator indicator. Supports forex, stocks, and crypto trading

The Force Index technical indicator for MT4 was created by professional trader and mentor, Alexander Elder.

This indicator calculates the Bulls Power for each price movement in either direction (bullish or bearish). It links the fundamental components of market information, including price trends, price declines, and transaction volumes.

Technically, this indicator suits all MetaTrader timeframes and enables you to explore the insight of the market trend for any trading assets, including forex, stocks, and cryptos.

This guide will teach you how to determine correct market trends using this indicator in MT4.

How to Trade Forex and Stocks Using the Force Index Indicator for MT4

The Force Index indicates the market trend using its signal line in the oscillator window. The indicator level exceeding zero indicates a bullish trend. Oppositely, a negative force index signals the market is under a bearish trend condition.

In the above 4-hourly EUR/USD chart, the price repeatedly rejected the support at 1.1245. At a point, the price started to rise from the support following a bullish momentum. Meantime, the Force Index value rose above zero, backing the bullish move as a potential opportunity to go long.

Apart from regular S/R zones, you can also use simple/exponential moving averages and Fibonacci levels alongside Force Index to boost your trading accuracy.

Conclusion
The Force Index is one of the simplest technical trend indicators developed for MT4 platforms. Beginners mostly struggle to trade within accurate trends in choppy markets. Uncertain price volatility can easily make them confused over the upcoming price movements. Once you install the Force Index indicator in your MetaTrader software, you no longer need to depend on complex indicators to correctly assess the market bias.