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#1 Selling Amibroker Plugin featuring:
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CONFIRMING PRICE TREND for Amibroker (AFL)
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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 | This technique is based on r-squared and linear regression slope indicators. The linear regression slope is AmiBroker's built-in function. The r-square indicator can be implemented as single-line function in AFL.I am not the author. Found on internetLISTING 1Periods = Param("Periods", 20, 2, 200, 1, 10 ); Plot( LinRegSlope( C, Periods ), "LinRegSlope("+Periods+")", colorGreen, styleHistogram | styleThick ); LISTING 2function RSquared( array, periods ) { return Correlation( BarIndex(), array, periods ) ^ 2; } periods = Param("Periods", 20, 2, 100 ); Plot( RSquared( C, periods ), "R2(" + periods + ")", colorRed, styleThick ); |