Red Light Green Light for Amibroker (AFL)
has001u almost 15 years ago Amibroker (AFL)
This is an original fairly simple but interesting indication of the bull and bear forces in the market. While similar to the Qstick, it is quite different.
Indicator / Formula
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_SECTION_BEGIN("Schmo");
Be = TEMA(O-Ref(C,-1),Param( "Bear", 14, 2, 200, 1));
B = TEMA((C-O),Param( "Bull", 14, 2, 200, 1));
Power = B + Be;
Bull=B;
Bear=Be;
//Bull = Cum(B);
//Bear = Cum(Be);
Plot( Bull, "Bull", colorGreen );
Plot( Bear, "Bear", colorRed);
Plot( Power, "Power", colorBlack);
_SECTION_END();0 comments
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