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BASP-Smoothed-with-Histogram for Amibroker (AFL)

Rating:
2 / 5 (Votes 4)
Tags:
oscillator, amibroker

BASP-Smoothed-with-Histogram (Very Good)

Source: www.karthikmarar.blogspot.com

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Indicator / Formula

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//Indicator Buy and sell pressure - Smoothed with Histoggram
// By Karthik Marar - www.karthikmarar.blogspot.com
// Public release for personal use only.
//Please do not commercialize this indicator in its original or modified form
_SECTION_BEGIN("Buy & Sell Pressure - Smoothed with Histogram - V.1.0");
SetChartOptions(0,chartShowArrows|chartShowDates);
sp = H-C;
bp = C-L;
bpavg = EMA(bp,80);
spavg = EMA(sp,80);
nbp = bp/bpavg;
nsp = sp/spavg;
diff = nbp-nsp;
diffcolor = IIf(diff>0,colorGreen,colorOrange);
Varg = EMA(V,80);
nv = V/Varg;
nbfraw = nbp * nv;
nsfraw = nsp * nv;
nbf = EMA(nbp * nv,20);
nsf = EMA(nsp * nv,20);
Plot(nbf,"Buying Pressure",colorTurquoise,1|styleThick);
Plot(nsf,"selling Pressure",colorYellow,1|styleThick);
diff = nbf-nsf;
diffcolor = IIf(diff>0,colorGreen,colorRed);
SetBarFillColor( diffcolor ); 
PlotOHLC(0,diff,0,diff,"Force",IIf(diff>0,colorLime,colorOrange), styleCandle | styleOwnScale ) ;
_SECTION_END();
_SECTION_BEGIN("Title");
if( Status("action") == actionIndicator ) 
(
Title = EncodeColor(colorWhite)+ "Buy & Selll Pressure - Smoothed with Histogram V.1.0 " + " - " +  Name() + " - " + EncodeColor(colorRed)+ Interval(2) + EncodeColor(colorWhite) +
 "  - " + Date() +" - "+"\n" + EncodeColor(colorYellow) + "Raw Buying pressure = "+ EncodeColor(colorLime) + WriteVal(nbf)+
"\n"+ EncodeColor(colorYellow) + "Raw Selling pressure = "+ EncodeColor(colorRed) +  WriteVal(nsf)+
"\n"+ EncodeColor(colorYellow) + "Force = "+ WriteVal(diff));
_SECTION_END(); 

2 comments

1. Divyesh

nice modification…………!
anyone can add this in any afl with below given changes….

PlotOHLC(0,diff,0,diff,"Force",IIf(diff>0,colorLime,colorOrange), styleCandle | styleOwnScale,-1.5,10 ) ;
2. akerstkh

Pretty Cool Indicator!

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