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WiseTrader Toolbox
#1 Selling Amibroker Plugin featuring:
Advanced Adaptive Indicators
Advanced Pattern Exploration
Neural Networks
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Efficiency Ratio for Amibroker (AFL)
Rating:
3 / 5 (Votes 2)
Tags:
oscillator, trading system, amibroker
Efficiency Ratio buy when er > .5 sell when er <.5
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Indicator / Formula
Copy & Paste Friendly
Periods = Param ("Time periods",10,1,350,1);
er = (abs(C - Ref(C,-Periods))) /(Sum(abs(C-Ref(C,-1)),Periods));
Plot( er, _DEFAULT_NAME(), ParamColor( "Color", colorCycle ), ParamStyle("Style") );
Buy = Cross(er,.5);
Sell =Cross(.5,er) ;0 comments
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