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Composite Index for Amibroker (AFL)
Rating:
5 / 5 (Votes 1)
Tags:
amibroker
Composite Index by Constance Brown. Formula can be found in the book origin. Details on use can be found also in “Technical Analysis for the Trading Professional” by Constance Brown.
By David Lee – david.lee.us [at] gmail.com
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Indicator / Formula
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/* Reference to: BreakThroughs in Technical Analysis Keller, Bloomberg Composite Index, Connie Brown */ A=RSI() - Ref(RSI(),-9)+ MA(RSI(3),3); Plot(A,"Composite Index",colorPlum,styleLine); Plot(MA(A,13),"MA13",colorRed,styleLine); Plot(MA(A,33),"MA33",colorBlue,styleLine); //PlotGrid(100, colorWhite); //PlotGrid(0, colorWhite);
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what is buy and sell rule?
Paper on Composite Index is here: https://aeroinvest.com/COMPOSITE_INDEX.pdf bu Constance Brown himself.