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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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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 | _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.