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#1 Selling Amibroker Plugin featuring:
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Ultimate StochK for Amibroker (AFL)
Rating:
3 / 5 (Votes 3)
Tags:
oscillator, amibroker, exploration
Computes the weighted average of stochastic %K of three time frames similar to the Ultimate Oscillator by Larry Williams.
Buy/sell signals are generated similar to most oversold/overbought indicators. An exploration is also included for easy scanning of securities based on consensus rating.
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Indicator / Formula
Copy & Paste Friendly
_SECTION_BEGIN("Ultimate StochK");
//--- Chart/Indicator Mode ---------------------------------------------------------------
p1 = Param("Slow Period", 32);
p2 = Param("Medium Period", int(p1/2));
p3 = Param("Fast Period", int(p2/2));
stk1 = StochK(p1,3);
stk2 = StochK(p2,3);
stk3 = StochK(p3,3);
UltStk = (stk3 * (4/7)) + (stk2 * (2/7)) + (stk1 * (1/7));
//Plot(UltStk, _DEFAULT_NAME(), ParamColor( "Color", colorCycle ), ParamStyle("Style"));
Plot(UltStk, Date()+" "+_SECTION_NAME(), ParamColor( "Color", colorCycle ), ParamStyle("Style"));
//Plot(80, "", colorRed, styleLine | styleNoLabel);
//Plot(20, "", colorBlue, styleLine | styleNoLabel);
PlotGrid(80, colorRed);
PlotGrid(20, colorBlue);
GraphXSpace = 5;
//---------------------------------------------------------------------------------------
//--- Exploration Mode ------------------------------------------------------------------
// consensus rating
ExtremeOversold = UltStk < 10;
Oversold = UltStk > 10 AND UltStk < 20;
Neutral = UltStk > 20 AND UltStk < 80;
Overbought = UltStk > 80 AND UltStk < 90;
ExtremeOverbought = UltStk > 90;
ConsensusRating = WriteIf(ExtremeOversold, "Extreme Oversold",
WriteIf(Oversold, "Oversold",
WriteIf(Overbought, "Overbought",
WriteIf(ExtremeOverbought, "Extreme Overbought", "Neutral"))));
Filter = 1;
AddColumn(UltStk, "UltStk");
AddTextColumn(ConsensusRating, "Rating");
AddTextColumn( WriteIf(UltStk > Ref(UltStk,-1), "Up", "Down"), "Direction");
//---------------------------------------------------------------------------------------
_SECTION_END();1 comments
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Good indicator, Thanks!