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PPO for KAMAS System for Amibroker (AFL)
Rating:
4 / 5 (Votes 3)
Tags:
KAMAS 1.0 System 2
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Indicator / Formula
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_SECTION_BEGIN("PPO"); //Further understanding of PPO indicator visit www.Stockchart.com PPOShort = Param("PPO Short Period", 8, 1, 150, 1); PPOLong = Param("PPO Long Period", 17, 1, 150, 1); PPOsignal = Param("PPOsignal", 9, 1, 150, 1); PPO = (EMA(C, PPOShort ) - EMA(C, PPOLong ))/ EMA(C, PPOLong ); PPOS = (EMA(ppo, PPOsignal )); Val=ppo-PPOS ; Plot( PPO , "ppo", colorGreen, styleLine| styleThick ); Plot ( PPOS ,"PPO Signal", colorOrange, styleLine| styleThick ); dynamic_color = IIf( Val> 0, colorGreen, colorRed ); Plot( Val, "PPO Histogram", dynamic_color, styleHistogram | styleThick ); Buy=Cross(PPO,PPOS); Sell=Cross(PPOS,PPO); shape = Buy * shapeHollowUpArrow + Sell * shapeHollowDownArrow; PlotShapes( shape, IIf( Buy, colorLime, colorRed ), 0,IIf( Buy, Ref(PPO,-1)*0.9, Ref(PPO,-1)*1.05) ); _SECTION_END();
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