Force Index MTF

Force Index MTF

Force Index MTF – Power of Volume and Price (Inspired by Elder Concepts)

The Triple Screen System, developed by Dr. Alexander Elder, uses three levels of filtering to improve trading accuracy:

• First screen (long-term timeframe): Detect the dominant trend using tools like the Elder Impulse System MTF.

• Second screen (medium-term timeframe): Identify pullbacks and measure the real strength of buyers and sellers. This is where the Elder Force Index MTF becomes invaluable.

• Third screen (short-term timeframe): Time precise entries with minimal risk.

What is the Force Index?

The Force Index is a unique indicator created by Dr. Elder. It multiplies price change × volume to measure the true power behind market moves.

• Above 0 (green): Buying pressure dominates.

• Below 0 (red): Selling pressure dominates.

• Crossing the zero line: A potential shift in control between bulls and bears.

With Force Index MTF, you can view these signals across multiple timeframes directly in one chart.

Key Features of Force Index MTF

✅ Multi-Timeframe Power – Monitor Force Index from higher timeframes without switching charts.

✅ Detect Hidden Pullbacks – Spot when short-term selling is just a pullback in an uptrend, or when buying is just a rebound in a downtrend.

✅ Filter False Signals – By combining with Impulse System MTF, you can filter out counter-trend traps and trade only the strongest opportunities.

✅ Flexible Parameters –

• Period 2: Fast and sensitive, perfect for intraday pullback detection.

• Period 13: Smoother and more reliable for swing or position trading.

Application Examples

• Intraday Trading (D1 → H4 → H1):

  • Trend detected by Impulse System (D1).

  • Pullback confirmed by Force Index (H4) crossing below zero.

  • Entry timed by Impulse (H1) turning green again.

• Scalping (H1 → M15 → M3):

  • Impulse (H1) shows main trend.

  • Force Index (M15) dips below zero → pullback detected.

  • Impulse (M3) turns green → precise entry.

In Summary

? Force Index MTF = giving you the “second screen” of Dr. Elder’s Triple Screen System in a smarter way.

It measures the real force behind price moves by combining price and volume, and when paired with Impulse System MTF, it forms a powerful trading framework:

• Long-term trend → confirmed by Impulse.

• Medium-term pullback → detected by Force Index.

• Short-term entry → guided by Impulse again.

This synergy helps you trade with the trend, enter on pullbacks, and avoid false signals.