Skip to main content

Waves in Price for Amibroker (AFL)

has001u almost 15 years ago Amibroker (AFL)

  • Rating:
    4 / 5 (Votes 3)
  • Tags:
    oscillator, amibroker

I thought we’d best name this Indicator in respect to Mr Charles Dow,
who first identified the three trends. Kind regds everyone and good trading.

Screenshots

Indicator / Formula

Copy & Paste Friendly
_SECTION_BEGIN( " WAVES" );
//  WAVES

CA = ( CCI( 10 ) + CCI( 12 ) + CCI( 14 ) + CCI( 16 ) + CCI( 18 ) ) / 5;
CB = ( CCI( 25 ) + CCI( 35 ) + CCI( 45 ) + CCI( 55 ) + CCI( 65 ) ) / 5;
CC = CCI( 6 ) ;
CD = CCI( 200 );
Plot( CD, "DOW WAVES   Long-Term", 6, 4 ) ;
Plot( CB, " Medium-term", 4 ) ;
Plot( CB, "", 4, 2 + 4096 ) ;
Plot( CA, " Short-term", 1, 4 );
Plot( CC, "  Advance Warning", 7 );
// Plot range lines
Plot( 0, "", 4 );
Plot( 100, "", 39, 4096 );
Plot( -100, "", 39, 4096 );
Plot( 200, "", 39, 4096 );
Plot( -200, "", 39, 4096 ) ;
// Plot entry setuparrows
CondA = CB > 0 AND ( CA < 0 OR Ref( CA, -1 ) < 0 ) AND CA > Ref( CA, -1 ) AND Ref( CA, -1 ) < Ref( CA, -2 ) ;
PlotShapes( shapeSmallUpTriangle*CondA
            , 27, L, -150 ) ;
CondB = CB < -0 AND ( CA > 0 OR Ref( CA, -1 ) > 0 ) AND CA < Ref( CA, -1 ) AND Ref( CA, -1 ) > Ref( CA, -2 ) ;
PlotShapes( shapeSmallDownTriangle*CondB, 4, H, 150 );
_SECTION_END();

2 comments

1. gaurav918
almost 15 years ago

hii has!!! very good indicator hats off you crystal clear & also regards “dow” father of modern technical studies.everybody should use this indicator…good keep it up.& continue support us.

Report as Spam
2. raj_guna2011
almost 15 years ago

mr gaurav918 , please explain this indicator how to use for intradya. i could not unterstand

Report as Spam

Leave Comment

Please login here to leave a comment.