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WiseTrader Toolbox
#1 Selling Amibroker Plugin featuring:
CENTER OF GRAVITY TIMING Indicator for Amibroker (AFL)
COG timing indicator
AFL translation by E.M.Pottasch, 2011
from: http://chartstudio.whselfinvest.com/files/COGTiming.ctl
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Indicator / Formula
// COG timing indicator // AFL translation by E.M.Pottasch, 2011 // from: http://chartstudio.whselfinvest.com/files/COGTiming.ctl bi=BarIndex(); eb=LastValue(bi); period=Param("Period",5,1,10,1); bars=Param("Lookback Period",100,50,500,1); sv=ParamToggle("Use Selected Value","Off|On",1); level1=4; level2=8; ul1=ul2=ll1=ll2=Null; oo=hh=ll=cc=Null; if (sv) { eb=SelectedValue(bi); bb=Max(0,eb-bars); } else { bb=Max(0,eb-bars); } for(i=bb+period-1;i<=eb;i++) { ul1[i]=level1; ul2[i]=level2; ll1[i]=-level1; ll2[i]=-level2; am=0; ar=0; for(j=i-period+1;j<=i;j++) { am=am+(High[j]+Low[j])/2; ar=ar+(High[j]-Low[j])/5; } am=am/period; ar=ar/period; if(ar!=0) { oo[i]=(Open[i]-am)/ar; hh[i]=(High[i]-am)/ar; ll[i]=(Low[i]-am)/ar; cc[i]=(Close[i]-am)/ar; } else { oo[i]=0; hh[i]=0; ll[i]=0; cc[i]=0; } } C=cc;O=oo;H=hh;L=ll; Plot(C,"",colorWhite,styleCandle); //PlotOHLC(O,H,L,C,"",colorWhite,styleCandle); //Plot(cc,"Close",colorWhite,styleThick); //Plot(oo,"\nOpen",colorLightGrey,styleLine); //Plot(hh,"\nHigh",colorRed,styleLine); //Plot(ll,"\nLow",colorRed,styleLine); Plot(ul1,"\nUpper Level 1",colorViolet,styleLine); Plot(ul2,"\nUpper Level 2",colorViolet,styleLine); Plot(ll1,"\nLower Level 1",colorViolet,styleLine); Plot(ll2,"\nLower Level 2",colorViolet,styleLine);
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