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Force Index Oscillator with Spread-Tuned for Amibroker (AFL)
kaiji
almost 15 years ago
Amibroker (AFL)

Rating:
5 / 5 (Votes 3)
Tags:

This is the force index oscillator indicator.

Screenshots

Indicator / Formula

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_SECTION_BEGIN("FORCE INDEX OSCILLATOR with Spread-Tuned");
SetBarsRequired(sbrAll);
SetChartBkColor(colorBlack);
K=H-L;
K1=EMA(K,7);
K2=EMA(K,21);
K3=K1/K2;
A1=(C-Ref(C,-1))*V*K3;
A2=EMA(A1,13);
A3=EMA(EMA(EMA(A2,3),3),3);
ifish=EMA(EMA(EMA(EMA(A3,3),3),3),3);
Color=IIf(ifish>0,IIf(ifish>Ref(ifish,-1),colorGreen,colorYellow),IIf(ifish>Ref(ifish,-1),colorBlue,colorRed));
Plot(ifish,"FORCE INDEX OSCILLATOR with Spread",Color,styleHistogram | styleThick, maskHistogram);
_SECTION_END();

_SECTION_BEGIN("Vortex Indicator Line");

// Vortex Indicator

period = Param("Period", 21, 2 );
VMP = Sum( abs( H - Ref( L, -1 ) ), period );
VMM = Sum( abs( L - Ref( H, -1 ) ), period );
STR = Sum( ATR( 10 ), period );
VIP = VMP / STR;
VIM = VMM / STR;
K1=VIP-VIM;
K2=TEMA(K1,7);
K=EMA(EMA(EMA(EMA(K2,3),3),3),3);
Plot(0,"", IIf(K>0,IIf(K>Ref(K,-1),colorGreen,colorYellow),IIf(K<0,IIf(K<Ref(K,-1),colorRed,colorBlue),styleLine|styleThick)));
 
_SECTION_END();

1 comments

1. vinodsk

Sir,

How to trade using this indicator? Please explain me in details.

Thanks in advance,
Vinod.

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