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GAMS Oscillator Indicator for Amibroker (AFL)
Rating:
3 / 5 (Votes 6)
Tags:
oscillator, amibroker
Indicator based on Plug-in Nirvana’s GMMA 2.0.
(http://www.nirvanasystems.com/oti/tradingsolutions/plugins/GMMA2.asp)
The GAMS Oscillator measures the difference between the sets of averages. If
GAMS is above zero, the Trend is Up. Below zero—the Trend is Down.
The Signals generated by GAMS can be used to automatically identify early Trend reversals.
Screenshots
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Indicator / Formula
Copy & Paste Friendly
FastMA = Param("Fast EMA",3,3,50,1);
SlowMA = Param("Slow EMA",8,3,50,1);
StdPer = Param("Period Stdev",15,3,50,1);
Sep = OscP(FastMA,SlowMA);
Gams = (Sep - EMA(Sep,StdPer))/StDev(Sep,StdPer);
ColorGams = IIf(Gams<0,colorPink,colorPaleGreen);
Plot(Gams,"GAMS Oscillator",colorRed,StyleLine);
Plot( 1, "", colorGams, styleArea | styleOwnScale | styleNoLabel, 0, 1 );2 comments
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Great indicator by itself! However, is it possible to turn it into a mutliple timeframe indicator? The matching of higher timeframes will make it even more reliable…
Very nice indicator, gives accurate result very early. Great Job.