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Auto-adaptive Ergotic Candlestick Oscillator for Amibroker (AFL)

kelvinhand about 13 years ago Amibroker (AFL)

  • Rating:
    2 / 5 (Votes 7)
  • Tags:
    oscillator, amibroker

This indicator was converted by me from metastock follow a request in traderji.com

LE:=Input("LENGHT",1,200,14);
Esp:=Input("Exponent",1,200,5);
VRB:= Abs( Stoch(LE,1)-50)/50;

MEsp:=2/(Esp+1);
CaMe1:=If(Cum(1)<=((Le+Esp)*2),C-O,PREV+MEsp*VRB*((C-O)-PREV));
CaMe2:=If(Cum(1)<=((Le+Esp)*2),H-L,PREV+MEsp*VRB*((H-L)-PREV));
CaMe11:=If(Cum(1)<=((Le+Esp)*2),CaMe1,PREV+MEsp*VRB*(CaMe1-PREV));
CaMe22:=If(Cum(1)<=((Le+Esp)*2),CaMe2,PREV+MEsp*VRB*(CaMe2-PREV));

ECO:=CaMe11/CaMe22*100;
ECO;
0

This serve as an example of the how to convert a metastock PREV statement into amibroker:
The picture shown comparison of Metastock (Top) VS Amibroker (Bottom) of the indicator.

Screenshots

Indicator / Formula

Copy & Paste Friendly
//-- Create by KelvinHand ---
LE=Param("LENGHT",14,1,200);
Esp=Param("Exponent",5, 1,200);

VRB= abs( StochK(LE,1)-50)/50;

MEsp=2/(Esp+1);

C_O = C-O;
H_L = H-L;

C1 = Cum(1)<=((Le+Esp)*2);

i=0;
CaMe1[i]=0;
CaMe2[i]=0;
i++;
for(;i<BarCount; i++)
{
  prev1 = CaMe1[i-1];
  prev2 = CaMe2[i-1];


  if (C1[i])
  {
      CaMe1[i]=C_O[i];
      CaMe2[i]=H_L[i];

  }
  else
  {
      CaMe1[i]=PREV1+MEsp[i]*VRB[i]*(C_O[i]-PREV1);
      CaMe2[i]=PREV2+MEsp[i]*VRB[i]*(H_L[i]-PREV2);

  }
}


i=0;
CaMe11[i]=0;
CaMe22[i]=0;
i++;

for(;i<BarCount; i++)
{
  prev1 = CaMe11[i-1];
  prev2 = CaMe22[i-1];


  if (C1[i])
  {
      CaMe11[i]=CaMe1[i];
      CaMe22[i]=CaMe2[i];

  }
  else
  {
      CaMe11[i]=PREV1+MEsp[i]*VRB[i]*(CaMe1[i]-PREV1);
      CaMe22[i]=PREV2+MEsp[i]*VRB[i]*(CaMe2[i]-PREV2);

  }
}

ECO=CaMe11/CaMe22*100;

Plot(ECO, "Auto-adaptive Ergotic Candlestick Oscillator", colorRed);
Plot(0, "", colorGrey50);

5 comments

1. ocil
about 13 years ago

Thanks KelvinHand… god bless you…You are true gems…

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3. extremist
about 13 years ago

thank u Kelvinhand…..
really good work.
it seems u have good knowledge of all coding languages.

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5. SIRISHA
about 13 years ago

Hi Mr. Kelvin, I appreciate if you can tell me how to use this indicator and timeframes for intraday / positional. Regards, Sirisha

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