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Efficiency Ratio for Amibroker (AFL)

walid over 15 years ago 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

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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)  ;

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