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Force Index Oscillator with Spread-Tuned for Amibroker (AFL)
Rating:
5 / 5 (Votes 3)
Tags:
This is the force index oscillator indicator.
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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();
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Sir,
How to trade using this indicator? Please explain me in details.Thanks in advance,
Vinod.