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DTOscillator for Amibroker (AFL)
Rating:
3 / 5 (Votes 2)
Tags:
oscillator, amibroker
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
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Indicator / Formula
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/* 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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