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#1 Selling Amibroker Plugin featuring:
Guppy MMA Convergence Divergence Histogram for Amibroker (AFL)
Source = Leon Wilson, www.wilsontechstats.com/software/MMAConstruction.htm
AFL Translation = Mubashar Virk, mavirk@gmail.com
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Indicator / Formula
_SECTION_BEGIN("Guppy MMA Convergence Divergence Histogram"); Trigger = Param("Trigger",21,1,55,1); Short1 = EMA (C,3)+ EMA((C-EMA(Close,3)),3)+ EMA (C,5)+ EMA((C-EMA(Close,5)),5)+ EMA (C,8)+ EMA((C-EMA(Close,8)),8)+ EMA (C,10)+ EMA((C-EMA(Close,10)),10)+ EMA (C,12)+ EMA((C-EMA(Close,12)),12)+ EMA (C,15)+ EMA((C-EMA(Close,15)),15); LONG2 = EMA (C,30)+ EMA((C-EMA(Close,30)),30)+ EMA (C,35)+ EMA((C-EMA(Close,35)),35)+ EMA (C,40)+ EMA((C-EMA(Close,40)),40)+ EMA (C,45)+ EMA((C-EMA(Close,45)),45)+ EMA (C,50)+ EMA((C-EMA(Close,50)),50)+ EMA (C,55)+ EMA((C-EMA(Close,55)),55)+ EMA (C,60)+ EMA((C-EMA(Close,60)),60); GuppyMMAOscillator = ((Short1-Long2)/Long2)*100; Plot (GuppyMMAOscillator, "Guppy MMA Oscillator", colorRed, styleThick); Plot (EMA(GuppyMMAOscillator, Trigger), "Trigger", colorLightBlue); GMMACD=(((short1-Long2)/long2)*100)- EMA(((short1-long2)/long2)*100,9); Plot (GMMACD, "GMMA Convergence Divergence Histogram", ParamColor("Histogram color", colorLightGrey ), styleNoTitle | ParamStyle("Histogram style", styleHistogram | styleNoLabel | styleOwnScale, maskHistogram ) ); Buy = Cross(GuppyMMAOscillator,EMA(GuppyMMAOscillator, Trigger)); Sell = Cross(EMA(GuppyMMAOscillator, Trigger),GuppyMMAOscillator); Buy = ExRem(Buy,Sell); Sell = ExRem(Sell,Buy); PlotShapes(Buy*shapeUpArrow,colorGreen,0,GuppyMMAOscillator); PlotShapes(Sell*shapeDownArrow,colorRed,0,GuppyMMAOscillator); _SECTION_END();
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nice
Backtesting gave me poor results.
What is the correct backtest setup for this formula?