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Moving Trend Band for Amibroker (AFL)
Rating:
4 / 5 (Votes 1)
Tags:
amibroker, bands
Similar to Bollinger Band, maybe Better. Minor modification with color code. Originally By Uenal Mutlu.
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Indicator / Formula
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/*
Moving Trend Bands (MTB) [experimental]
Written 030408We by uenal.mutlu@t-online.de
Similar to Bollinger Bands, maybe better?
*/
// mid = LinearReg(C, Prefs(4));
mid = TSF(C, Prefs(4));
sd = StDev(mid, Prefs(4));
top = mid + 1 * sd; // check 1
bot = mid - 1 * sd;
Plot(C, "Moving Trend Bands (MTB) C",
colorBlack, 1 + 8);
Plot(mid, "mid", colorRed, 1);
Plot(top, "top", colorBlue, 1);
Plot(bot, "bot", colorBlue, 1);0 comments
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