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Floor & Top Oscillator for Amibroker (AFL)

maknil over 16 years ago Amibroker (AFL)

  • Rating:
    3 / 5 (Votes 3)
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This indicator is helpful whenever any momentum indicator is failed in as sense if it is in overbought zone or oversold zone for long time. Hence by using this indicator we see depth of the trend for new entry.

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Indicator / Formula

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_SECTION_BEGIN("Floor Top");

hcl=(O+H+L+C)/4;
Ho=AMA(Ref(hcl,-1),0.5);
HH=Max(H,Max(hcl,Ho));
HL=Min(L,Min(hcl,Ho));

trader = (hcl-Ho);
VarRedLine = WMA(trader,5); 
VarBlueLine = MA(trader,8);
Per = Param("MA Periods",15,3,50,1);
//Plot(trader,"trader",colorDarkRed);
thick=Param("thickness",0.5,0.01,5,0.01);
thick1=Param("ribbon thickness",0.5,0.01,50,0.01);

//P = ParamField("Price field",-1);
HDCPeriods = per;
//Width = Param("Width", 2, 0, 10, 0.05 );
//Color = ParamColor("Color", colorCycle );
//Style = ParamStyle("Style");
bbbot = BBandBot( trader, HDCPeriods, 2 );
bbtop = BBandTop( trader, HDCPeriods, 2 );
Plot( bbtop, "Roof" , colorWhite, styleThick ); 
Plot( bbbot, "Floor" , colorWhite, styleThick ); 

VarAMA = Param("varAMA",0.1,0,2,0.01);
hcl2=(H+L+C)/3;
Ho2=AMA(Ref(hcl2,-1),VarAMA);
HH2=Max(H,Max(hcl2,Ho2));
HL2=Min(L,Min(hcl2,Ho2));
trader2 = hcl2-Ho2;

//Plot(trader2,"trader2",colorGreen);
PlotOHLC(trader2,trader2+thick,trader2-thick,trader2,"trader",colorBlue,styleCloud);
PlotOHLC(trader,trader+thick,trader-thick,trader,"investor",colorRed,styleCloud);

//PlotOHLC(bbbot, bbbot ,IIf(bbbot < trader2,bbbot,trader2),bbbot,"",colorRed,styleCloud);
//PlotOHLC(bbtop, IIf(bbtop > trader2,bbtop,trader2),bbtop,bbtop,"",colorBrightGreen,styleCloud);

//Plot(0,"0",colorDarkGrey,styleLine);
Color_rib = IIf(trader2 > bbtop, colorDarkGrey, IIf(trader2 < bbbot, colorDarkGrey,IIf(trader2 > Ref(trader2,-1), colorBrightGreen,colorDarkRed)));
PlotOHLC(0,thick1,-thick1,0,"",color_rib,styleCloud);

_SECTION_END();

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