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Monthly Indicator for Amibroker (AFL)

standris almost 15 years ago Amibroker (AFL)

  • Rating:
    5 / 5 (Votes 1)
  • Tags:
    oscillator, amibroker

This formula to give the indication when the stock still bullish or bearish

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Indicator / Formula

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BDIn=IIf(C>O, V,0); BDOut=IIf(C< O,V,0);
BDAccW=Sum(BDIn, 5); BDAccM=Sum(BDIn, 21);
BDDistW=Sum( BDout,5); BDDistM=Sum( BDout,21) ;
BDWeek=(BDAccW- BDDistW);
BDMonth=(BDAccM- BDDistM);


ColorBM=IIf( BDMonth>O, colorBrightGreen ,colorRed) ;


Plot(BDMonth, "BDMth",colorBM, styleHistogram| styleThick) ;

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