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#1 Selling Amibroker Plugin featuring:
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Visual Trader for Amibroker (AFL)
Rating:
5 / 5 (Votes 1)
Tags:
oscillator, amibroker
This is a simple but nice formula
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Indicator / Formula
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_SECTION_BEGIN("Visual TRADER");
SmoothingPeriod = 5;
CTS=IIf(C>=Ref(C,-11),1,-1)+IIf(C>=Ref(C,-12),1,-1)+IIf(C>=Ref(C,-13),1,-1)+IIf(C>=Ref(C,-14),1,-1)+IIf(C>=Ref(C,-15),1,-1)+IIf(C>=Ref(C,-16),1,-1)+IIf(C>=Ref(C,-17),1,-1)+IIf(C>=Ref(C,-18),1,-1)+IIf(C>=Ref(C,-19),1,-1)+IIf(C>=Ref(C,-20),1,-1);
CTSM = WMA(CTS,SmoothingPeriod);
Histo = IIf(CTSM==10,5,IIf(CTS==-10,-5,Null));
Plot(CTSM, "CTSM", colorBlack, styleLine );
Plot(Histo, "", colorYellow, styleHistogram );
Plot(12,"",colorRed,styleLine);
Plot(-12,"",colorRed,styleLine);
_SECTION_END();
_SECTION_BEGIN("Trend arrow");
n= Param("No. of Bars",3,2,8,1);
TrendUp = H > Ref(HHV(H,n),-1);
TrendDn = L < Ref(LLV(L,n),-1);
TrendUp = ExRem(TrendUp,TrendDn);
TrendDn = ExRem(TrendDn,TrendUp);
PlotShapes(TrendUp*shapeUpArrow,colorWhite);
PlotShapes(TrendDn*shapeDownArrow,colorBlack);
_SECTION_END();2 comments
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this is CTSM
Indeed, this is Chande’s Trend Score, a formula already submitted by the administrator a year ago; the only difference is that this code provides arrows. Please name the indicators as they should be.
Regards,