Elder Force Index Indicator (Usage, Examples) Formula

The Elder Force Index is an indicator that uses price and volume to assess the power of a move or vary in turning points. It is developed by Alexander Elder. It was introduced in Alexander Elder’s classic book, Trading for a Living: Psychology, Trading Tactics, Money Management (Wiley Finance). The Force Index has three essential elements … Continue reading “Elder Force Index Indicator (Usage, Examples) Formula”

Come Into My Trading Room: A Guide to Trading

This book “Come Into My Trading Room” is a must-read for all traders and now almost a bible in the trading community. In the book, Alexander Elder has thoroughly described in trading techniques and even a newbie if follows his steps can groom himself as an established trader. Excerpts from Chapter – 1 of Come … Continue reading “Come Into My Trading Room: A Guide to Trading”