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Double SMI (stochastic Momentum Index) for Amibroker (AFL)
Rating:
3 / 5 (Votes 5)
Tags:
oscillator, amibroker, optimize
This indicator let you visualize the UPs and downs of the SMI (daily in red/green) and the weekly (darkBlue and LightBlue).
Good for sinaling que strenght of the market.
Screenshots
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Indicator / Formula
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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 | _SECTION_BEGIN("Double SMI"); SetChartOptions(3,chartShowDates);SetChartOptions(0,chartShowArrows);SetChartBkColor(ParamColor("Outer Panel",colorPaleBlue)); SetChartBkGradientFill(ParamColor("Upper Chart",1),ParamColor("Lower Chart",1)); LookBackD = Optimize("LookBackD",Param("LookbackD", 10, 1, 100 ),1,30,1);Smooth1D = Optimize("Smooth1D",Param("Smooth1D", 3, 1, 100 ),1,30,1);Smooth2D = Param("Smooth2D", 5, 1, 20 );TriggerD = Param("SignalD", 3, 1, 10);PP = ParamField("Price field",-1);SMILevel = Param("Level", 60, 10, 60, 10);HHD = HHV( H, LookBackD );LLD = LLV( L, LookBackD );HHW = HHV( H, 5*LookBackD );LLW = LLV( L, 5*LookBackD );StoMomD = 100 * EMA( EMA( PP - 0.5 * ( HHD + LLD ), Smooth1D ), Smooth2D ) / ( 0.5 * EMA( EMA( HHD - LLD, Smooth1D ), Smooth2D ) );StoMomW = 100 * EMA( EMA( PP - 0.5 * (HHW + LLW), 5*Smooth1D ), Smooth2D ) / ( 0.5 * EMA( EMA( HHW - LLW, 5*Smooth1D ), Smooth2D ) );Plot (StoMomD,"",IIf(StoMomD> Ref(StoMomD,-1),colorBrightGreen,colorRed), styleThick);Plot (StoMomW,"",IIf(StoMomW> Ref(StoMomW,-1),colorLightBlue,colorDarkBlue), styleThick);Plot(0,"",colorOrange, styleLine);Plot( SMILevel,"",colorBlack,styleDashed);Plot(-SMILevel,"",colorBlack,styleDashed);Plot( 80,"",colorOrange,styleLine);Plot(-80,"",colorOrange,styleLine); |
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Thanks
Could you please provide Buy & Sell?