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WiseTrader Toolbox
#1 Selling Amibroker Plugin featuring:
OBV wonder shadows for Amibroker (AFL)
OBV in isolation may not make much sense intraday, All this simple but effective indicator does is to create the shadows of the OBV in the form of 9 WMA and 21 WMA and the crossover of the OBV and shadows tells you to go long or short.As they say “Coming events cast their shadows before”
Screenshots
Similar Indicators / Formulas
Indicator / Formula
_SECTION_BEGIN("OBV"); Plot( OBV(), _DEFAULT_NAME(), IIf( C > O, ParamColor("Up Color", colorGreen ), ParamColor("Down Color", colorRed ) ), ParamStyle( "Style") ); SetChartBkGradientFill( ParamColor("BgTop",colorBlack),ParamColor("BgBottom",colorBlack),ParamColor("Titleblock",colorLightGrey)); _SECTION_END(); _SECTION_BEGIN("WMA"); P = ParamField("Price field",-1); Periods = Param("Periods", 15, 2, 300, 1, 10 ); Plot( WMA( P, Periods ), _DEFAULT_NAME(), ParamColor( "Color", colorCycle ), ParamStyle("Style") ); _SECTION_END(); _SECTION_BEGIN("OBV1"); Plot( OBV(), _DEFAULT_NAME(), IIf( C > O, ParamColor("Up Color", colorGreen ), ParamColor("Down Color", colorBlue ) ), ParamStyle( "Style") ); _SECTION_END(); Buy = Cross(OBV(),WMA(OBV(),9)); Sell = Cross(WMA(OBV(),9),OBV()); Short = Sell; Cover = Buy; PlotShapes(shapeUpArrow*Buy,colorGreen); PlotShapes(shapeDownArrow*Sell,colorRed); _SECTION_BEGIN("WMA1"); P = ParamField("Price field",-1); Periods = Param("Periods", 15, 2, 300, 1, 10 ); Plot( WMA( P, Periods ), _DEFAULT_NAME(), ParamColor( "Color", colorCycle ), ParamStyle("Style") ); _SECTION_END();
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