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PPO with buy sell signals for Amibroker (AFL)
alluv
over 13 years ago
Amibroker (AFL)

Rating:
2 / 5 (Votes 3)
Tags:
oscillator, trading system, amibroker

This is a ppo with buy and sell signals similar to MACD, can be used in conjunction with price charts or it can be used to minimize the whipsaws in your trade.

I got the ppo from somewhere and i added the buy sell signals

Good luck

Screenshots

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Indicator / Formula

Copy & Paste Friendly
_SECTION_BEGIN("PPO");
//Further understanding of PPO indicator visit www.Stockchart.com
PPOShort = Param("PPO Short Period", 12, 1, 150, 1);
PPOLong = Param("PPO Long Period", 26, 1, 150, 1);
PPOsignal = Param("PPOsignal", 9, 1, 150, 1);
PPO = (EMA(C, PPOShort ) - EMA(C, PPOLong ))/ EMA(C, PPOLong );
PPOS = (EMA(ppo, PPOsignal  ));
Val=ppo-PPOS ;
Plot( PPO , "ppo", colorGreen, styleLine| styleThick  ); 
Plot ( PPOS ,"PPO Signal",  colorOrange, styleLine| styleThick   ); 
dynamic_color = IIf( Val> 0, colorGreen, colorRed ); 
Plot( Val, "PPO Histogram", dynamic_color, styleHistogram | styleThick  );

Buy= Cross( ppo,ppos);
Sell= Cross( ppos, ppo);
PlotShapes(shapeUpArrow * Buy,colorGreen);
PlotShapes(shapeDownArrow * Sell,colorRed);
AlertIf( Buy , "SOUND C:\\Windows\\Media\\Ding.wav", "Audio alert", 2 );
AlertIf(Sell , "SOUND C:\\Windows\\Media\\Ding.wav", "Audio alert", 2 );
 








_SECTION_END();

1 comments

1. ole

What is the advantage of not using OscP()?

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