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WiseTrader Toolbox
#1 Selling Amibroker Plugin featuring:
Wavetrend scanner for Amibroker (AFL)
Scanner based on Mike’s WaveTrend clone indicator submitted by Kaiji (http://www.wisestocktrader.com/indicators/372-mikes-wave-trend-clone).
Identifies situations in which primary WaveTrend indicator has a value under -40 and, at the same time, it’s above 4 days moving average.
Similar Indicators / Formulas
Indicator / Formula
ChannelPeriods = Param("Channel Periods",10,1,50,1); AvgPeriods = Param("Average Periods",21,1,50,1); 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 21. AP = Avg; //Typical Price ESA = 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); Filter = WaveTrend1 > WaveTrend2 AND WaveTrend1 < -40; AddColumn(O,"Open",1.2); AddColumn(H,"High",1.2); AddColumn(L,"Low",1.2); AddColumn(C,"Close",1.2); AddColumn(V,"Volume",1); AddColumn(WaveTrend1,"WaveTrend1",1.2); AddColumn(WaveTrend2,"WaveTrend2",1.2);
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pls add