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Jasons Indicator Convergence Divergence (JICD) for Amibroker (AFL)
Rating:
3 / 5 (Votes 4)
Tags:
oscillator, amibroker, exploration
This formula appeared in one of Daryl Guppies newsletters and has been converted to work with Amibroker. The JICD is one of Jason Mitchell’s personal indicators that was originally developed for the strong market conditions that were being experienced in late 2003
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Indicator / Formula
Copy & Paste Friendly
OscPds = Param("Osc periods", 10, 1, 260);
SmoothingPds = Param("Smoothing periods", 3, 1, 260, 3);
SignalPds = Param("Signal periods",5, 1, 260);
Trail = HHV(C - (L - HHV(C - (HHV(H, OscPds ) - LLV(L, OscPds)), OscPds)) / 2, OscPds);
JICD = EMA((C - Trail) / Trail * 100, SmoothingPds);
JICDSignal = EMA(JICD, SignalPds);
Plot(0, _DEFAULT_NAME(), colorRed, styleLine);
Plot(JICDSignal, _DEFAULT_NAME(), colorBlue, styleLine);
Plot(JICD, _DEFAULT_NAME(), colorRed, styleLine);
Filter = JICD > Trail AND Cross(JICDSignal, Trail);
AddColumn(C, "Close");0 comments
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