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Vortex Indicator for Amibroker (AFL)
Rating:
5 / 5 (Votes 2)
Tags:
oscillator, amibroker, trend
The vortex indicator was developed as a new directional movement indicator, drawing inspiration from J. Welles Wilder’s directional movement indicator, as well as another unrelated and improved directional indicator.
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Indicator / Formula
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1 2 3 4 5 6 7 8 9 10 11 12 13 | // Vortex Indicator // S&C Traders Tips Jan 2010 period = Param("Period", 14, 2 ); VMP = Sum( abs( H - Ref( L, -1 ) ), period ); VMM = Sum( abs( L - Ref( H, -1 ) ), period ); STR = Sum( ATR( 1 ), period ); VIP = VMP / STR; VIM = VMM / STR; Plot( VIP, "VI"+period+"+", colorBlue); Plot( VIM, "VI"+period+"-", colorRed ); |
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