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#1 Selling Amibroker Plugin featuring:
PPO with buy sell signals for Amibroker (AFL)
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
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 | _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 (); |
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What is the advantage of not using OscP()?