Distance Coefficient for Amibroker (AFL)
ammeet over 14 years ago Amibroker (AFL)
Take any sma and drag drop this , it will sharpen ur sma with less whipsaws.
Indicator / Formula
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_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();2 comments
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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.