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#1 Selling Amibroker Plugin featuring:
EMA Slope by Jose Silva for Amibroker (AFL)
The indicator “EMA slope by Jose Silva” is very useful to confirm trend and movement
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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 | // Jose Silva's code ported on 28th April 2010 8:36 pm by xyte@inditraders pds = Param ( "EMA Periods" , 21, 1, 2520, 1); Period= ParamList ( "Use as Input" , "Open|High|Low|Close|Volume" ,1); if (Period== "Open" ){x= Open ;} if (Period== "High" ){x= High ;} if (Period== "Low" ){x= Low ;} if (Period== "Close" ){x= Close ;} if (Period== "Volume" ){x= Volume ;} //Indicator EMAx= EMA (x,pds); //Slope EMAprev= Ref (EMAx,-1); y= Min (EMAx,EMAprev)/ Max (EMAx,EMAprev); EMAratio=( IIf (EMAx>EMAprev,2-y,y)-1)*100; EMAper= IIf (EMAratio < 0, atan2 (EMAratio,1)-360, atan2 (EMAratio,1))*10/9; //This is where the problem lies Signalx= EMA (EMAper,pds); //Plots Plot (Signalx, "Signal" , colorGreen , styleLine | styleThick ); Plot (EMAper, "EMAper" , colorRed , styleLine | styleThick ); |
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I have seen a lot of indicators by Jose Silva for Metastock.
Amazing Indicator…Just try its slope