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OsMA - Moving Average of Oscillator for Amibroker (AFL)

extremist over 12 years ago Amibroker (AFL)

  • Rating:
    3 / 5 (Votes 7)
  • Tags:
    oscillator, amibroker

I had searched for this indicator but failed to find.
So i made it myself.
Nothing great logic.
very simple
but effective in 5 min chart for nifty
u chk with ur settings as per ur needs

thanx

rhn_patel@rediffmail.com

Screenshots

Indicator / Formula

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_SECTION_BEGIN("OsMA");
r1 = Param( "Fast avg", 40, 0, 200, 1 );
r2 = Param( "Slow avg", 50, 0, 200, 1 );
r3 = Param( "Signal avg", 100, 0, 200, 1 );

ml = MACD(r1, r2);
sl = Signal(r1,r2,r3);
OsMA= (2*ml)-sl;

Plot(0,"",colorBlack,styleDashed);
Col=IIf(OsMA<0,IIf(OsMA>Ref(OsMA,-1),colorDarkRed,colorRed),IIf(OsMA<Ref(OsMA,-1),colorGreen,colorBrightGreen));
Plot( OsMA, "", Col, styleThick | styleHistogram |styleNoLabel);
Plot( OsMA, "\nOsMA ("+r1+", "+r2+", "+r3+"): ", colorBlack, styleThick  );
_SECTION_END();

6 comments

1. niklravi
over 12 years ago

hi
an interesting indicator. let me know what is the best time frame to be used . also how to trade by this?

ravi
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2. extremist
over 12 years ago

i chked it in todays live mkt in comparison to original OsMa in MT4 and found tht
It is still an unfinished job.
i thought it is finished but still some left.
i’m trying
and wil post final version.

thnx

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4. extremist
over 12 years ago

@niklravi : read the above lill description i have already mentioned it.
for parameters keep the default i used and TF 5min for nifty.

for other stocks and indices need to be chked and then used so i said select ur parameters as u need.

thanx.

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5. kis
over 12 years ago

I believe that the OsMA is just the MACD Histogram but the implementation ia probably where the signal line of OsMA uses simple moving average (instead of EMA) of the MACD.

i.e.

ml = MACD(r1, r2);
sl = MA(ml, r3);
OsMA = ml-sl;
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6. extremist
over 12 years ago

@ KIS probably u didn’t looked formula properly.
The real
Osma = Sl-Ml
and the formula used in MACD Histogram is
Hist = ml-sl

this is the clear cut difference u can see

for better understanding u chk the values of histogram and OsMa
and u can find the difference.

plz look carefully

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