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Swim Index for Amibroker (AFL)

kaiji over 16 years ago Amibroker (AFL)

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As the name of indicator explains it self, It measures the swim of Price. Day Trader may find it very useful as it gives trend reversal in next 2-3 trading.

INTERPATION:

Expect trend reversal or at least consolidation when SI Spikes higher, (for Peak) OR lower, (for bottom), than Relative spikes and turns back. I have found couple of times. The thing called “HING” which appears 1-2 day before the Price reversal and common in Stochastic Oscillator.

Coded by KAILASH K PAREEK – INDIA

Screenshots

Indicator / Formula

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C1 = Ref ( C , -1 ) ;
O1 = Ref ( O, -1 ) ;
K   = HHV ( ( H - C1 ) OR ( L - C1 ) , 1 ) ;
L   =  C1 * 0.20;
R  =  ATR ( 1 );

SI  =  ( ( C-C1+0.5*(C-O)+0.25*(C1-O1))/R)*(K/L);

Graph0 = SI;

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