NORMALIZED EFI Trading Guide

The Normalized EFI is a quantitative technical analysis tool. NORMALIZED_EFI Ported from legacy klinecharts indicator: old/assets/indicators/normalized_efi.js Normalized Elder Force Index (EFI)

What does the indicator show?

• Market Structure & Momentum: Visualizes prevailing trend directions and key reversal zones.
• BUY / SELL Signals: Highlights confirmed entry and exit opportunities based on quantitative rules.
• Dynamic Boundaries: Provides adaptive levels for managing trade risk and reward expectations.

Key Settings

• EFI Length (efiLen): Controls the calculation period and sensitivity for market detection.
• Normalization Length (normLen): Controls the calculation period and sensitivity for market detection.
• Use Normalization (useNorm): Controls the calculation period and sensitivity for market detection.
• EFI Up (efiUp): Controls the calculation period and sensitivity for market detection.
• EFI Down (efiDown): Controls the calculation period and sensitivity for market detection.
• Zero Line (zeroLine): Controls the calculation period and sensitivity for market detection.
• +0.5 Level (levelPosHalf): Controls the calculation period and sensitivity for market detection.
• -0.5 Level (levelNegHalf): Controls the calculation period and sensitivity for market detection.
• +9 Level (levelPos9): Controls the calculation period and sensitivity for market detection.
• -9 Level (levelNeg9): Controls the calculation period and sensitivity for market detection.
• EFI (efi): Controls the calculation period and sensitivity for market detection.
• Zero Line (zeroLine): Controls the calculation period and sensitivity for market detection.
• +0.5 Level (levelPosHalf): Controls the calculation period and sensitivity for market detection.
• -0.5 Level (levelNegHalf): Controls the calculation period and sensitivity for market detection.
• +9 Level (levelPos9): Controls the calculation period and sensitivity for market detection.
• -9 Level (levelNeg9): Controls the calculation period and sensitivity for market detection.
• Above Zero (aboveZero): Controls the calculation period and sensitivity for market detection.
• Below Zero (belowZero): Controls the calculation period and sensitivity for market detection.
• EFI Value (efi): Controls the calculation period and sensitivity for market detection.
• EFI Above 0 (aboveZero): Controls the calculation period and sensitivity for market detection.
• EFI Below 0 (belowZero): Controls the calculation period and sensitivity for market detection.

How to use Strategy Parameters (Condition Source)

Within the Strategy Tester module, this indicator can be used both as a direct signal source and as a market-state filter.

1. Signal Events

• aboveZero - EFI Above 0 event signal.
• belowZero - EFI Below 0 event signal.

2. Filters and Trade Levels

• efiLen - EFI Length value used for structural qualification or thresholds.
• normLen - Normalization Length value used for structural qualification or thresholds.
• useNorm - Use Normalization value used for structural qualification or thresholds.
• efi - EFI value used for structural qualification or thresholds.
• zeroLine - Zero Line value used for structural qualification or thresholds.
• levelPosHalf - +0.5 Level value used for structural qualification or thresholds.
• levelNegHalf - -0.5 Level value used for structural qualification or thresholds.
• levelPos9 - +9 Level value used for structural qualification or thresholds.
• levelNeg9 - -9 Level value used for structural qualification or thresholds.
• aboveZero - Above Zero value used for structural qualification or thresholds.
• belowZero - Below Zero value used for structural qualification or thresholds.
• efi - EFI Value value used for structural qualification or thresholds.

Strategy Example: Enter Long when buySignal is true and trendFilter == 1, ensuring trades align with dominant momentum.