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What is the force index indicator, and how is it used in stock market analysis?

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The Force Index is a technical indicator in stock market analysis that measures the strength of a price movement by combining both price and volume data, essentially showing how powerful the buying or selling pressure is behind a trend, allowing traders to identify potential trend confirmations, reversals,...
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The Force Index is a technical indicator in stock market analysis that measures the strength of a price movement by combining both price and volume data, essentially showing how powerful the buying or selling pressure is behind a trend, allowing traders to identify potential trend confirmations, reversals, and corrections through its positive and negative readings based on the difference between the current and previous closing price multiplied by the trading volume; it was developed by Alexander Elder.

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