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#1 Selling Amibroker Plugin featuring:
Wilson Relative Price Channel for Amibroker (AFL)
The Wilson Relative Price Channel can be used to determine overbought and oversold conditions. For more information on using this indicator please see Leon Wilson’s book: “BreakThrough Trading – Revolutionary Thinking in Relative Analysis”
Similar Indicators / Formulas
Indicator / Formula
periods = Param("Channel Periods", 34, 1, 250 ); smoothing = Param("Smoothing", 1, 1, 55 ); overbought = Param("Over Bought", 70, 50, 99 ); oversold = Param("Over Sold", 30, 1, 50 ); upperNeutralZone = Param("Upper Neutral Zone", 55, 50, 99 ); lowerNeutralZone = Param("Lower Neutral Zone", 45, 1, 50 ); r = RSI(periods); OB = EMA( r - overbought, smoothing); OS = EMA( r - oversold, smoothing ); UNZ = EMA( r - upperNeutralZone, smoothing ); LNZ = EMA( r - lowerNeutralZone, smoothing ); Chan1 = Close - Close * OB / 100; Chan2 = Close - Close * UNZ / 100; Chan3 = Close - Close * LNZ / 100; Chan4 = Close - Close * OS / 100; Plot( C, "Price", colorDefault, styleCandle ); Plot( Chan1, "", colorLightGrey ); Plot( Chan2, "", colorLightGrey, styleNoLabel | styleNoTitle ); PlotOHLC( Chan1, Chan1, Chan2, Chan2, "Upper Channel ", ParamColor("Upper Channel Color",ColorRGB( 220, 220, 220)), styleCloud ); Plot( Chan3, "", colorTurquoise ); Plot( Chan4, "", colorTurquoise, styleNoLabel | styleNoTitle ); PlotOHLC( Chan3, Chan3, Chan4, Chan4, "Lower Channel ", ParamColor("Lower Channel Color",ColorRGB( 200, 200, 255)), styleCloud );
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very very great work
thanxs
nice