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DTOscillator 2TF 5M-15M for Amibroker (AFL)
Rating:
5 / 5 (Votes 1)
Tags:
oscillator, amibroker, timeframe
This version of DTOscillator AFL will display 5min and 15 min DTOscillator in the same panel. Gives best results when you understand the underlying market structure and use it accordingly.
It helps to trade in the direction of the 15Min chart time frame from within 5Min chart time frame.
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);
//////
///Following lines of code is added by me to
///display 15 min oscillator
//////
TimeFrameSet(in15Minute);
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);
}
TimeFrameRestore();
k=TimeFrameExpand(SK,in15Minute);
d=TimeFrameExpand(SD,in15Minute);
Plot(k,"DTOscSK1",ParamColor( "ColorSK1", colorRed ),styleLine|styleDots|styleNoLabel);
Plot(d,"DTOscSD1",ParamColor( "ColorSD1", colorOrange ),styleLine|styleDots|styleNoLabel);
5 comments
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its wonderfull code …
its very helpfulll for me in mcx…
once we understood the logic we willl start earn throughout our career …
thaxs author..
Request the author to kindly explain how to trade using this indicator.
Thanks,
Gopal
hi gopal,
instruction to use this indicator is in the description itself.
“It helps to trade in the direction of the 15Min chart time frame from within 5Min chart time frame.”
Trade in the direction of 15Min DTOsc. when the 5Min DTOsc turns in the direction of the 15Min DTOsc – take your trade.Keep in mind – the underlying market structure.
Hope this helps you.
All the best
hemsvg
IF exploration formula is given it will be of great help.
can you please add this buy or sell code