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modifed Mike for Amibroker (AFL)
Rating:
3 / 5 (Votes 2)
Tags:
oscillator, trading system, amibroker
i have modified Mike indicator with Buy and sale signal.
hope u guys like it
Screenshots
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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 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 | _SECTION_BEGIN("MIKE");ChannelPeriods = Param("Channel Periods",10,1,50,1);AvgPeriods = Param("Average Periods",31,1,50,1);OverBought = Param("Over Bought Line",64,0,100,1);OverSold = Param("Over Sold Line",-64,-100,0,1);ColTCI = ParamColor("TCI Line Color",colorBrown);ColOB = ParamColor("Over Bought Color",colorRed);ColOS = ParamColor("Over Sold",colorGreen);XSpace = Param("GraphXSpace",7,0,20,0.5);n1 = ChannelPeriods; // Channel periodsdefault is 10.n2 = AvgPeriods; // Average periodsdefault is 31.AP = Avg; //Typical PriceESA = EMA(AP, n1);D = EMA(abs(AP - ESA), n1);CI = (AP - ESA) / (0.015 * D);TCI = EMA(CI, n2);WaveTrend1 = TCI;WaveTrend2 = MA(WaveTrend1,4);myColor = IIf (WaveTrend1 > WaveTrend2, colorLavender,IIf (WaveTrend2 > WaveTrend1, colorRed ,colorLightYellow));Plot(WaveTrend1,"WaveTrend ",myColor,styleDots | styleThick);//Plot(WaveTrend2,"WaveTrend2",colorLightYellow,styl eDashed); Plot(WaveTrend2,"WaveTrend2",ParamColor("Signal Line color", colorPaleBlue),styleDots); Plot(OverBought,"OB Line",ColOB,8+16);//|styleNoLabel);//8+16Plot(OverSold,"OS Line",ColOS,8+16);//|styleNoLabel);Plot(n1,"Channel Periods",colorBlue,styleNoLabel |styleNoRescale |styleNoDraw);Plot(n2,"Avg Periods",colorBlue,styleNoLabel |styleNoRescale | styleNoDraw);Plot(0,"0",colorRed,styleNoLabel);//Plot(100,"",9 ,styleOwnScale | styleArea | styleNoLabel,-5,100);//Background pane coloringGraphXSpace = XSpace; _SECTION_END();_SECTION_BEGIN("Buy Sell Signal");x = WaveTrend1;y = WaveTrend2; Buy=Cross(x,y);Sell=Cross(y,x);Buy = ExRem(Buy, Sell);Sell = ExRem(Sell, Buy);PlotShapes(shapeUpArrow*Buy,colorGreen);PlotShapes(shapeDownArrow*Sell,colorRed);_SECTION_END (); |
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Great job…..njethva I like your work
for more better result, you can replace EMA with Wilders.