Swim Index for Amibroker (AFL)

kaiji

almost 15 years ago

Amibroker (AFL)

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

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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