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Acceleration Bands for Amibroker (AFL)

bobaloo over 13 years ago Amibroker (AFL)

  • Rating:
    4 / 5 (Votes 4)
  • Tags:
    amibroker, bands

Big Trends Accelleration Bands

The stock is strongly accelerating if it closes above the green band and strongly deccelerating if it closes below the red band.

Screenshots

Indicator / Formula

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_SECTION_BEGIN("Accelleration");
MaxGraph=9;
x=(H-L)/(H+L)/2;
ub=EMA(H*(1+2*((2*X)*100)*.01),20);
Lb= EMA(L*(1-2*((2*X)*100)*.01),20);
mb=EMA(C,20);
Graph5=EMA(C,150);
Graph5Style=1+4+7;
Graph5Color=7;
Graph0=ub;
Graph0Color=27;
Graph0Style=1+4+7;
Graph1Style=1+4+7;
Graph1=mb;
Graph2=Lb;
Graph2Style=1+4+7;
Graph2Color=4;

upbar = H > Ref( H, -1 ) AND L >= Ref( L, -1 );
downbar = L < Ref( L, -1 ) AND H <= Ref( H, -1 );

//ubb= BBandTop(Close, 20, 2);
//lbb = BBandBot(Close, 20, 2);

/* Colourized price bars drawn here
Graph4 = Close;
Graph4Style = 64;
barcolor =  IIf( downbar, 4, IIf( upbar, 5, 0  ) );
Graph4BarColor = ValueWhen( barcolor != 0, barcolor );*/

Plot(C,"",1,64);

//Plot(ubb,"LowBollBand",colorWhite,styleLine|styleThick);
//Plot(lbb,"LowBollBand",colorWhite,styleLine|styleThick);


Title = Name () + "   "+ Date() + " - " + FullName()+ " - Accelleration BANDS    Yellow = 150 EMA" ;

4 comments

4. moccha
over 9 years ago

The formula is not right should be
Factor = 0.001;

Upperband = MA(( High * ( 1 + 2 * (((( High - Low )/(( High + Low ) / 2 )) * 1000 ) * Factor ))),20);

Lowerband = MA(( Low * ( 1 - 2 * (((( High - Low )/(( High + Low ) / 2 )) * 1000 ) * Factor ))),20);

Formula above should be amended to

ub=MA(H*(1+2*((X)*100)*.01),20);
Lb= MA(L*(1-2*((X)*100)*.01),20);
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