IGForceIndexIndicator Class Reference
|Inherits from||IGStrategyBasedIndicator : IGFinancialIndicator : IGFinancialSeries : IGSeries : NSObject|
The IGChartView™ control’s ForceIndexIndicator is a price-and-volume oscillator that financial analysts use to determine if a stock’s trend is positive or negative. The force index is calculated by subtracting yesterday’s closing price from today’s closing price and multiplying the difference with the current day’s volume. If the closing price is higher today than yesterday, the force is positive. If the closing price is lower than yesterday’s, the force is negative.