FTB-C000573 / Formula component

Price–Volume Unit

Price–volume unit is the unit of raw and smoothed Force Index values.

Intermediate 1 linked topicEvidence-reviewed

Definitions

In plain terms

The output inherits one price unit multiplied by one volume unit.

Technical

If price is quoted in dollars and volume in shares, raw force is dollar-shares per bar; smoothing preserves that unit.

Scope

A unit label prevents confusing Force Index with a dimensionless oscillator.

Examples

  • A reviewer computes Price–Volume Unit from a small OHLCV fixture and checks readiness, units, and edge cases before publication.

Common misconceptions

  • A unit label prevents confusing Force Index with a dimensionless oscillator.

Concept relationships

Prerequisites

Related

Required by

Where this concept is used

Evidence and governance

  1. Elder's Force Index (EFI) TradingView · official platform documentation

    Supports: preferred label, short definition, technical definition, units

    Limits: Exact warm-up, seed, and smoothing settings remain an implementation contract.

  2. Volume indicators function group TA-Lib · first party technical publication

    Supports: preferred label, short definition, technical definition, units

    Limits: Library compatibility does not by itself prove a project's seed, warm-up, or missing-data policy.

  3. Closing Price Investor.gov · official standard

    Supports: preferred label, short definition, technical definition, units

    Limits: A close is not automatically an adjusted close and may vary by market session convention.

  4. What Is Volume? CME Group · official exchange

    Supports: preferred label, short definition, technical definition, units

    Limits: Futures contract conventions do not define every equity or digital-asset volume feed.

  5. Price Volume Trend (PVT) TradingView · official platform documentation

    Supports: preferred label, short definition, technical definition, units

    Limits: Does not prescribe an adjustment policy, forecast, or trade direction.

Reviewed by
fintech-builder-batch-010
Last reviewed
2026-08-01
Next review
2027-08-01
Record status
evidence reviewed

This record is evidence-reviewed and readable, but not yet promoted to published — it is served noindex,follow and excluded from the sitemap.