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Dynamic Traders Index for Amibroker (AFL)

mahesh.aranake over 15 years ago Amibroker (AFL)

  • Rating:
    3 / 5 (Votes 5)
  • Tags:
    oscillator, amibroker

Another interesting adaption I found by Karma on karthik’s site

Blue bands show a strength of the trend — the wider they are, the stronger is the trend.

Yellow line indicates the trend’s direction change — when it bounces of 32 level, trend goes bullish, when it bounces down from 68 level, trend goes bearish.

Green and red lines Signal for the long position — if the green one intersects the red one from below, and — for Short position, when the red one crosses the green line from below.

Screenshots

Indicator / Formula

Copy & Paste Friendly
_SECTION_BEGIN("Dynamic Traders Index");
PlotGrid(32, colorLightGrey);
PlotGrid(50, colorLightGrey);
PlotGrid(68, colorLightGrey);
a = DEMA(RSI(13),2);
b = MA(a,7);
bh = DEMA(a,34)+2*(StDev(a,34));
bl = DEMA(a,34)-2*(StDev(a,34));
bm = (bh+bl)/2;

Plot(a, "TDI - Traders Dynamic Index ", colorGreen, styleThick); 
Plot(b,"TSL", colorRed);

Plot( bh , "", colorLightBlue);
Plot( bl , "", colorLightBlue);
Plot(bm,"", colorDarkYellow);


_SECTION_END();

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