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#1 Selling Amibroker Plugin featuring:
DMI Spread Index for Amibroker (AFL)
Uses DMI Spread Index as a system, indicator and exploration
Author: Steve Wiser
Similar Indicators / Formulas
Indicator / Formula
/* Settings setup should have buy and sell at open with one day delay. I also use a 5% maximum stop loss. This code also plots the DMI Index in its own chart pane. Note that I have also provided a zero line for better viewing of the zero cross.*/ /* Exploration, System and Indicator Author Steve Wiser Email address: slwiserr@erols.com May 5, 2001 */ Percent=3; pds=PeakBars(C,Percent,2)-PeakBars(C,Percent,1); pds=lastvalue(pds); /* the following code is for the consolidation periods or better know as the sleeping Alligator */ var3= 5; var4= 3; var10=10; var0= Ref(Wilders(C,13),-8); var1= Ref(Wilders(C,8),-5); var2= Ref(Wilders(C,5),-3); var5= Ma((var0+var1+var2),var4) ; angle=Atan(var5-Ref(var5,-var3)/var3); angle=iif( angle >90,angle-360,angle); hope=iif( angle <20 AND angle>-20,1,0); cry=((Stdev(C,var3*2) - Ref(Wilders(Stdev(C,var3*2),8),-5))/ (Ref(Wilders(Stdev(C,var3*2),8),-5)))<0; /* End of Sleeping Alligator which is an area of little or no volitlity or price movement.*/ SI=MA(PDI(pds)-MDI(pds),5); graph0=SI; /* Spread Index */ graph1=0; /* Provides a zero based line of blue color */ graph1Style=5; Buy=cross(SI,0) ; /* or PDI(14)>MDI(14) and ADX(14)>MDI(14) and (Hope and Cry)==0;*/ /* Having PDI and ADX and (Hope and Cry) does not test as well */ sell=cross(0,SI) or ADX(14)<MDI(14) and PDI(14)<MDI(14); Buy=exrem(buy,sell); /* this removes redundant buy/sell signals */ Sell=exrem(sell,buy); short=sell; cover=buy; /* The following code is the exploration code */ Filter=( /*ref(Buy,-1)==0 and*/ (Buy==1) ); numcolumns = 7; column0 =ref(C+0.065,-1); column0format = 1.2; column0name = "Trigger Price"; column1 = C; column1name = "Close "; column1format = 1.2; column2 = ma(v,17); column2name = "17 Ma Vol "; column2format = 1.0; column3 = ma(C,17)/ma(c,50); column3name = "% 17/50 "; column3format = 1.2; column3format = 1.2; column4= ma(c,17); column4name="17 C ma"; column4format = 1.2; column4= ma(c,50); column4name="50 C ma"; column4format = 1.2; Column5=SI; Column5Name="DMI Index"; Column5format=1.2; Column6=ROC(SI,3); Column6Name="ROC of SI"; Column6format=1.2; /* End of Exploration Code. */
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