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#1 Selling Amibroker Plugin featuring:
DTOscillator for Amibroker (AFL)
DTOscillator is developed by Robert C Miner. It is basically an imporvised version of StochRSI. The AFL given here was originally programmed(translated) by X-Trader.
This Oscillator can be used in any timeframe. Gives best results when you understand the underlying market structure and use it accordingly.
In my opinion the divergence between the Price and Oscillator gives very good results.
Screenshots
Similar Indicators / Formulas
Indicator / Formula
/* DT Oscillator ** ** AFL translation by X-Trader ** http://www.x-trader.net ** */ PeriodRSI= Param("PeriodRSI", 13, 1, 250, 1); PeriodStoch=Param("PeriodStoch", 8, 1, 250, 1); MAType=Param("MAType", 1, 1, 2, 1); PeriodSK=Param("PeriodSK", 5, 1, 250, 1); PeriodSD=Param("PeriodSD", 3, 1, 250, 1); Upper=Param("Upper", 70, 50, 100, 1); Lower=Param("Lower", 30, 0, 50, 1); StoRSI= 100*(( RSI( PeriodRSI) - LLV( RSI( PeriodRSI ) , PeriodStoch ) ) / ( ( HHV( RSI( PeriodRSI) , PeriodStoch ) ) - LLV(RSI( PeriodRSI ), PeriodStoch ) ) ); if(MAType==1) { SK=MA(StoRSI,PeriodSK); SD=MA(SK,PeriodSD); } if(MAType==2) { SK=EMA(StoRSI,PeriodSK); SD=EMA(SK,PeriodSD); } Plot(SK,"DTOscSK",ParamColor( "ColorSK", colorBlue ),styleLine|styleNoLabel); Plot(SD,"DTOscSD",ParamColor( "ColorSD", colorBlack ),styleDashed|styleNoLabel); Plot(0,"ZeroLine",ParamColor( "ColorZero", colorBlack ),styleLine|styleNoLabel); Plot(Upper,"Upper",ParamColor( "ColorUpper", colorRed ),styleLine); Plot(Lower,"Lower",ParamColor( "ColorLower", colorGreen ),styleLine);
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