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# EFI: Elder's Force Index
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| Property | Value |
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| ---------------- | -------------------------------- |
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| **Category** | Volume |
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| **Inputs** | OHLCV bar (TBar) |
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| **Parameters** | `period` (default 13) |
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| **Outputs** | Single series (EFI) |
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| **Output range** | Unbounded |
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| **Warmup** | `> period` bars |
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### TL;DR
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- Elder's Force Index (EFI) quantifies the buying and selling pressure behind price movements by multiplying price change by volume.
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- Parameterized by `period` (default 13).
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- Output range: Unbounded.
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- Requires `> period` bars of warmup before first valid output (IsHot = true).
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- Validated against TA-Lib, Skender, and Tulip reference implementations where available.
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> "Force Index combines price movement with volume to measure the power behind every move. It's the market's polygraph test." — Dr. Alexander Elder
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Elder's Force Index (EFI) quantifies the buying and selling pressure behind price movements by multiplying price change by volume. Large positive values indicate strong buying pressure (bulls in control), while large negative values reveal strong selling pressure (bears dominant).
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@@ -152,4 +169,4 @@ Note: Most libraries use standard EMA without bias correction, causing warmup di
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- Elder, A. (1993). "Trading for a Living." John Wiley & Sons.
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- Elder, A. (2002). "Come Into My Trading Room." John Wiley & Sons.
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- StockCharts. "Force Index." [Technical Indicators](https://school.stockcharts.com/doku.php?id=technical_indicators:force_index)
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- Investopedia. "Force Index Definition." [Technical Analysis](https://www.investopedia.com/terms/f/force-index.asp)
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- Investopedia. "Force Index Definition." [Technical Analysis](https://www.investopedia.com/terms/f/force-index.asp)
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