Elder's Force Index (EFL)

Elder’s Force Index (EFL) determines the amount of power used to move the price of an asset. It was developed by Dr. Alexander Elder. The indicator uses price change and volume to assess the strength of the move. A high positive force index means a strong rising trend, while a low negative force index signals a strong selling pressure.

EFL

=EFL(data, period)

Example Usage

=EFL(A2:F500, 13)

Parameters

Parameter Type Description Status
data
Range
The input range of columns containing the Date, Open, High, Low, Close, and Volume data.
 Required
period
Number
The smoothing period for the EMA (typically 13).
 Required

Returns

A two-column array of dates and their corresponding EFL values.

Elder's Force Index (EFL) Formula Result in Google Sheets