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#1 Selling Amibroker Plugin featuring:
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RVI for Amibroker (AFL)
Rating:
5 / 5 (Votes 1)
Tags:
oscillator, amibroker, standard deviation
This indicator is based on Standard Deviation and is best used with a trending indicator. It does NOT show direction, but helps determine the timing of an entry, either long or short.
When the line turns green and rises above the 50 line, this is the best time to enter the trade.
Screenshots
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Indicator / Formula
Copy & Paste Friendly
_SECTION_BEGIN("RVI Color");
SD10=StDev(C,10);
RVI=RSIa(SD10,10);
Color = IIf(RVI > Ref(RVI,-1) AND RVI > 50, colorBrightGreen, IIf(RVI < Ref(RVI,-1) AND RVI < 50, colorRed, colorBlue));
Plot(RVI,"RVI",Color,styleLine| styleThick);
Plot(50,"",colorBlack);
_SECTION_END();0 comments
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