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#1 Selling Amibroker Plugin featuring:
Double SMI (stochastic Momentum Index) for Amibroker (AFL)
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.
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Similar Indicators / Formulas
Indicator / Formula
_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?