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The Finite Volume Element Oscillator for Amibroker (AFL)

Rating:
3 / 5 (Votes 2)
Tags:
oscillator, amibroker

The Finite Volume Element Oscillator helps you to evaluating for the trend…
If the trend is up and the oscillator goes upward with the price there is no problem for that moment…
If the trend is up but the oscillator insists on going downward then you have to be in a stand-by
position for a trend reversal…Enjoy it…And good luck for all…

Screenshots

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Indicator / Formula

Copy & Paste Friendly
_SECTION_BEGIN("The Finite Volume Element Oscillator");

SetChartBkColor(ParamColor("Outer panel color ",colorBlack)); // color of outer border 
SetChartBkGradientFill( ParamColor("Inner panel color upper half",colorDarkTeal), 
ParamColor("Inner panel color lower half",colorBlack)); //color of inner panel 

Period = Param("FVE period", 22, 10, 80, 1 );
 
MF = C - (H+L)/2 + Avg - Ref( Avg, -1 );
Vc = IIf( MF > 0.003 * C, V,
IIf( MF < -0.003 * C, -V, 0 ) );
FVE = Sum( Vc, Period )/MA( V, Period )/Period * 100;
 
_SECTION_END();
Bensu=EMA(EMA(FVE,21),5); 
////Sude= (Bensu+(2*Ref(Bensu,-1))+(2*Ref(Bensu,-2))+Ref(Bensu,-3))/6;

AA1=C/Ref(C,-8)*100;
AA2=C/Ref(C,-13)*100;
AA3=C/Ref(C,-21)*100;
a1=EMA(AA1,1);
a2=EMA(AA2,1);
a3=EMA(AA3,1);
b1=StDev(a1,8);
b2=StDev(a2,13);
b3=StDev(a3,21);
RMOV=((a1*b1)+(a2*b2)+(a3*b3))/(b1+b2+b3);
KK=EMA(EMA(RMOV,3),3);
_SECTION_END();
////////////////////////////////////////////////////////////////////////////
_SECTION_BEGIN("");
GraphXSpace = 40;

upcolor=ParamColor("UpCandleColor",colorBlack );
downcolor=ParamColor("DownCandleColor",colorBlack );


//FVE  Change
Volwma=EMA(Bensu,9);
Volchange=(((Bensu-Volwma)/Volwma)*100);
Vol=(ROC(Bensu,1)); 


// vol with std
LBP = Param("Look Back", 15, 0, 150,1 );
Mean = MA(ln(Bensu),LBP);
StD = StDev(ln(Bensu),LBP);
xp3 = exp(mean + 2*std); //3 band
xp2 = exp(mean + 1.5*std); //2 nd band
xp1 = exp(mean + 1*std); // 1st band
xm = exp(mean); // avg
xn1 = exp(mean - 1*std); // -1 band
xn2 = exp(mean - 1.5*std); //-2 band
VolColor=IIf(KK>100,colorGold,colorRed);
Plot(Volwma, "The Finite Volume Element Oscillator", VolColor,ParamStyle("AvgStyle",styleLine|styleThick|styleDots,maskAll),1|4096);
Plot(xn1,"",colorBlue,1|4096);
Plot(xn2,"", 1,1|4096);

upbar = Bensu > Ref(Bensu,-1);
downbar = Bensu< Ref(Bensu,-1);
barcolor2=IIf(downbar,colorRed, IIf(upbar, 2,19) );

upbar = Bensu > Ref(Bensu,-1);
downbar =Bensu< Ref(Bensu,-1);

O = IIf(downbar, Bensu, 0); 
C = IIf(downbar, 0,Bensu);
L=0; 
H = Bensu;

ColorHighliter = IIf(upbar, upcolor,IIf(downbar, downcolor,colorDarkGreen));
SetBarFillColor( ColorHighliter );
pds = 10;
V1 = Bensu/MA(Bensu,13); V2 = Bensu/MA(Bensu,21);
V3 = Bensu/MA(Bensu,34);

barcolor = IIf(Bensu<MA(Bensu,pds),colorRed,colorWhite);
SetBarFillColor( barcolor );
PlotOHLC( O,H,L,C, "", barColor2, ParamStyle("CandleStyle",styleCandle,maskAll));
_SECTION_END();

_SECTION_BEGIN("Centered-StochRSI Line");
x=(( RSI(21) - LLV(RSI(21) ,21)) / ((HHV(RSI(21 ) ,21)) - LLV(RSI(21),21)))*100;
Value1=0.1*((x)-50);
Value2=WMA(Value1,7);
KK4=(exp(Value2)-1)/(exp(Value2)+1);

Plot(0,"",IIf(EMA(KK4,3)>0.50,colorBrightGreen,colorRed) ,4+styleNoLabel);
_SECTION_END();
/////////////////////////////////////////////////////////////////////////////////////////////////////
//////////////////////////////////////////////////////////////////////////

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