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Dynamic Momentum Indicator for Amibroker (AFL)
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_SECTION_BEGIN("Dynamic Momentum Index Chande"); //Dynamic Momentum Index Tushar Chande Translated to AFL by Jayson Casavant //Cmo5 formula CMO5_1=Sum( IIf( C > Ref( C, -1 ) , ( C - Ref( C ,-1 ) ) ,0 ) ,5 ) ; CMO5_2=Sum( IIf( C < Ref( C ,-1 ) , ( Ref( C ,-1 ) - C ) ,0 ) ,5 ); CMO5=DEMA(100 * Nz(( CMO5_1 -CMO5_2) /( CMO5_1+CMO5_2)),3); //Cmo10 formula CMO10_1=Sum( IIf( C > Ref( C, -1 ) , ( C - Ref( C ,-1 ) ) ,0 ) ,10 ) ; CMO10_2=Sum( IIf( C < Ref( C ,-1 ) , ( Ref( C ,-1 ) - C ) ,0 ) ,10 ); CMO10=DEMA(100 * Nz(( CMO10_1 -CMO10_2) /( CMO10_1+CMO10_2)),3); //Cmo20 formula CMO20_1=Sum( IIf( C > Ref( C, -1 ) , ( C - Ref( C ,-1 ) ) ,0 ) ,20 ) ; CMO20_2=Sum( IIf( C < Ref( C ,-1 ) , ( Ref( C ,-1 ) - C ) ,0 ) ,20 ); CMO20=DEMA(100 * Nz(( CMO20_1 -CMO20_2) /( CMO20_1+CMO20_2)),3); // dmi formula dmi=((StDev(C,5)* CMO5)+(StDev(C,10)* CMO10)+(StDev(C,20)* CMO20))/(StDev(C,5)+StDev(C,10)+StDev(C,20)); pds=Param("Smoothing",3,1,10,1); pds1=Param("Trigger Line",5,1,10,1); Plot(EMA(dmi,pds),"Dynamic Momentum Index",colorBlue,1); Plot(MA(dmi,pds1),"trigger",colorRed,1); Buy=Cross(EMA(dmi,pds),MA(dmi,pds1)); Sell=Cross(MA(dmi,pds1),EMA(dmi,pds)); PlotShapes(IIf(Buy,shapeUpArrow,shapeNone) ,colorBrightGreen); PlotShapes(IIf(Sell,shapeDownArrow,shapeNone),colorRed); PlotGrid(70,colorRed); PlotGrid(30,colorBrightGreen); _SECTION_END();