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RSI/STOCH Color candles for Amibroker (AFL)
Rating:
5 / 5 (Votes 1)
Tags:
amibroker
Simple OHLC plot with the color of the candles defined by the current value of the RSI/STOCHD. From violet to red, RSI/STOCHD oversold to overbought. Enjoy!
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Indicator / Formula
Copy & Paste Friendly
Indicator = ParamList("Indicator", "RSI|STOCH");
C_mode = ParamList("Color mode", "CM1|CM2");
function rcolor(r)
{
Saturation0 = 255;
Brightness0 = 255;
Minr = LLV(r, BarCount);
Maxr = HHV(r, BarCount);
rn = (r-Minr)/(Maxr-Minr);
if(C_mode == "CM1") {
Hue0 = 220-int(rn*220.0);
} else {
rn = (rn/sqrt(1.0+rn^2))*sqrt(2);
Hue0 = 220-int(rn*220.0);
}
return ColorHSB(Hue0, Saturation0, Brightness0);
}
Iperiod = Param("Indicator period", 13, 2, 50);
if(Indicator == "RSI") {
Ivalue = RSI(Iperiod);
} else {
Ivalue = StochD(Iperiod, 3, 3);
}
Plot(C, "Close", rcolor(Ivalue), styleCandle);
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