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Strength and Weakness Exploration for Amibroker (AFL)
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Measures the strength in a stock over a 20 day period, generates a 20-day rate of change and a yearly rate of change.
By Eric Paradis
Indicator / Formula
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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 | //Coded by Eric Paradis 2006. //Computes Strength and Weakness of stocks over a 20-day period.Lag= Ref(Close,-21);Lag = Lag + (Ref(Close,-20)-Lag)/20;Lag = Lag + (Ref(Close,-19)-Lag)/20;Lag = Lag + (Ref(Close,-18)-Lag)/20;Lag = Lag + (Ref(Close,-17)-Lag)/20;Lag = Lag + (Ref(Close,-16)-Lag)/20;Lag = Lag + (Ref(Close,-15)-Lag)/20;Lag = Lag + (Ref(Close,-14)-Lag)/20;Lag = Lag + (Ref(Close,-13)-Lag)/20;Lag = Lag + (Ref(Close,-12)-Lag)/20;Lag = Lag + (Ref(Close,-11)-Lag)/20;Lag = Lag + (Ref(Close,-10)-Lag)/20;Lag = Lag + (Ref(Close,-9)-Lag)/20;Lag = Lag + (Ref(Close,-8)-Lag)/20;Lag = Lag + (Ref(Close,-7)-Lag)/20;Lag = Lag + (Ref(Close,-6)-Lag)/20;Lag = Lag + (Ref(Close,-5)-Lag)/20;Lag = Lag + (Ref(Close,-4)-Lag)/20;Lag = Lag + (Ref(Close,-3)-Lag)/20;Lag = Lag + (Ref(Close,-2)-Lag)/20;Lag = Lag + (Ref(Close,-1)-Lag)/20;AV = Lag;pctROC = (Close-AV)/AV;//365.25 / 20 * (P-AV20)/AV20YROC = (Close-AV)/AV*100/20 * 365.25; Y = Volume> 200000;Filter = Y AND Close > 5.00;// AND Retrace;AddColumn(pctROC, "(P-AV)/AV", 1.2 ); AddColumn(YROC, "Yearly % ROC Filter", 1.2 ); |
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