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Efficiency Ratio for Amibroker (AFL)
walid
almost 14 years ago
Amibroker (AFL)

Rating:
3 / 5 (Votes 2)
Tags:
oscillator, trading system, amibroker

Efficiency Ratio buy when er > .5 sell when er <.5

Screenshots

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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)  ;

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