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Distance Coefficient for Amibroker (AFL)
Rating:
3 / 5 (Votes 2)
Tags:
amibroker
Take any sma and drag drop this , it will sharpen ur sma with less whipsaws.
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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 | _SECTION_BEGIN("dist coeff.");Price = (H+L)/2;CoefLookback = 5;Coef = (Price-Ref(Price, -1))^2+(Price-Ref(Price, -2))^2+(Price-Ref(Price, -3))^2+(Price-Ref(Price, -4))^2+(Price-Ref(Price, -5))^2;SumCoef=0;SumCoefPrice=0;for(i=0; i < CoefLookback; i++) { SumCoef = SumCoef + Ref(Coef, -i); SumCoefPrice = SumCoefPrice + (Ref(Coef, -i) * Ref(Price, -i));}DCEF = SumCoefPrice / SumCoef;Plot(Close, "Close", colorBlack, styleLine);Plot(DCEF, "NonLinear Ehlers Filter", IIf(Close>DCEF, colorGreen, colorRed), styleLine);_SECTION_END(); |
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AFL NOT WORKING
This was published previously in TASC April 2001 and is taken verbatim, including the comment, from http://www.inditraders.com/amibroker/1123-distance-coefficient.html.