Combining Exponential Moving Average ( EMA ) with Elder's Force Index ( EFI ).
EFI measures the power behind a price movement using price and volume. The indicator can also be used to identify potential reversals and price corrections. The EFI is an oscillator that fluctuates between positive and negative values, above and below a Zero Line.
Using EMA with EFI helps to find signal for Entry and Exit.
Red Line = EFI
Blue Line= EMA6
Yellow LIne = EMA20
Not recommended to be as as a stand-alone signal generator but in conjunction with additional indicators and technical analysis.
EFI measures the power behind a price movement using price and volume. The indicator can also be used to identify potential reversals and price corrections. The EFI is an oscillator that fluctuates between positive and negative values, above and below a Zero Line.
Using EMA with EFI helps to find signal for Entry and Exit.
Red Line = EFI
Blue Line= EMA6
Yellow LIne = EMA20
Not recommended to be as as a stand-alone signal generator but in conjunction with additional indicators and technical analysis.