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JK FAST for Amibroker (AFL)
Rating:
3 / 5 (Votes 2)
Tags:
oscillator, amibroker
The first in a set of three indicators; JK Fast, JK Base Line and JK Slow. Developed by Jeffrey Kennedy to help identify the waves in an Elliott Wave count they prove an excellent tool in depicting the direction and strength of a trend, is it impulsive or corrective. They prove useful on monthly, weekly and daily charts. All three indicators being displayed for each time frame separately. Reference to this indicator can be found at http://www.elliottwave.com/freeupdates/archives/2009/12/22/A-Trend-Analyzing-Tool-Reveals-If-Commodity-Strength-Will-Continue.aspx
Screenshots
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Indicator / Formula
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_SECTION_BEGIN("JK Fast");
/*
1. 5 EMA and 20 EMA( of closing price)
2. Then subtract 20 EMA from 5 EMA
3. %R by Larry Willams take 5 period, 10 period AND 15period of line created above
*/
DiffEMA = EMA(C,5)- EMA(C,20);
function PercentR( RPeriod )
{
return -100 * ( HHV( DiffEMA , RPeriod ) - DiffEMA )/( HHV( DiffEMA , RPeriod ) - LLV( DiffEMA , RPeriod) );
}
Plot( PercentR(5), _DEFAULT_NAME(), colorLavender, styleThick );
Plot( PercentR(10), _DEFAULT_NAME(), colorViolet, styleThick );
Plot( PercentR(15), _DEFAULT_NAME(), colorPlum, styleThick );
_SECTION_END();0 comments
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