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New Oscillator for Amibroker (AFL)

amon about 15 years ago Amibroker (AFL)

  • Rating:
    5 / 5 (Votes 1)
  • Tags:
    oscillator, amibroker

Better than MACD because has the OB/OS zones

Screenshots

Indicator / Formula

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_SECTION_BEGIN("Unnamed 6");
ROCper = Param("ROC Period", 15, 1, 200, 1 );
EMAper = Param( "EMA Period", 13, 1, 200, 1 );
EMAper2 = Param( "EMA2 Period", 8, 1, 200, 1 );

no=ROC( C, ROCper)/ATR(ROCper);
NewO=IIf(no>0, 100*no/HHV(no,ROCper),IIf(no<0,100*no/abs(LLV(no,ROCper)),0));
Plot(EMA(NewO,EMAper),"NewO",colorBlue);

Plot(EMA(EMA(NewO,EMAper),EMAper2),"NewO",colorRed);
_SECTION_END();

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