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#1 Selling Amibroker Plugin featuring:
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Bernstein Momentum Indicator for Amibroker (AFL)
Rating:
3 / 5 (Votes 2)
Tags:
amibroker
Nice indicator to Find Momentum created by Jake Bernstein, famous Commodity Trader
Screenshots
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Indicator / Formula
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/* Bernstein Momentum Indicator */
/* Set Scaling to Automatic, Show dates On, Percent On, Middle On */
Title = "Bernstein MOM Close - Ref(Close,-7)";
GraphXSpace = 5;
Graph0 = MA(Close - Ref(Close,-7),1);
Graph0Style = 5;
Graph0Color = 29;
Graph1 = MA(Graph0,5);
Graph1Style = 1;
Graph1Color = 32;
DaysAgo =Optimize("DaysAgo",-28,-40,-16,4);
Fast = Optimize("Fast", 1, 1,5,1);
Slow = Optimize("Slow",28,16,40,4);
/* Note: It is merely a coincidence that DaysAgo and Slow use the same parameter set. */
Buy = Cross( MA(Close - Ref(Close,DaysAgo),Fast),
MA(Close - Ref(Close,DaysAgo),Slow) );
Sell = Cross( MA(Close - Ref(Close,DaysAgo),Slow),
MA(Close - Ref(Close,DaysAgo),Fast) );
Short = Cross( MA(Close - Ref(Close,DaysAgo),Slow),
MA(Close - Ref(Close,DaysAgo),Fast) );
Cover = Cross( MA(Close - Ref(Close,DaysAgo),Fast),
MA(Close - Ref(Close,DaysAgo),Slow) );0 comments
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