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WiseTrader Toolbox
#1 Selling Amibroker Plugin featuring:
Advanced Adaptive Indicators
Advanced Pattern Exploration
Neural Networks
And Much More ....
Red Light Green Light for Amibroker (AFL)
Rating:
5 / 5 (Votes 1)
Tags:
oscillator, amibroker
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.
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Indicator / Formula
Copy & Paste Friendly
_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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