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Consecutive periods of rise/fall ribbon for Amibroker (AFL)
Rating:
3 / 5 (Votes 2)
Tags:
amibroker
Shows consecutive periods of rise/fall in price (Avg) as green/red/yellow points on a ribbon. Very useful for visualizing trending and ranging stretches. Can be used to write higher order indicators/systems.
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Indicator / Formula
Copy & Paste Friendly
function isRising ( array, periods )
{
result = True;
for ( i = 0; i < periods; i++ )
{
result = result AND ( Ref( array, -i ) >= Ref( array, -( i + 1 ) ) );
//result = ( result == True ) AND ( PercentageDecrease( Ref( array, -( i + 1 ) ), Ref( array, -i ) ) < DecreaseThreshold );
}
return result;
}
function isFalling ( array, periods )
{
result = True;
for ( i = 0; i < periods; i++ )
{
result = ( result == True ) AND ( Ref( array, -i ) <= Ref( array, -( i + 1 ) ) );
//result = ( result == True ) AND ( PercentageIncrease( Ref( array, -( i + 1 ) ), Ref( array, -i ) ) < IncreaseThreshold );
}
return result;
}
_SECTION_BEGIN("Rise && Fall Ribbon");
Price = ParamField("Price field",4);
Periods = Param("Consecutive periods", 3, 1, 100, 1 );
Ribbon1 = IIf( isRising(Price,Periods)== True , colorGreen, IIf( isFalling(Price,Periods) == True , colorRed, colorYellow ) );
Plot( 5, "Ribbon", Ribbon1, styleOwnScale | styleArea | styleNoLabel, 0, 100 );
_SECTION_END();0 comments
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