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Impulse 'Firefly' Oscillator for Amibroker (AFL)
Rating:
4 / 5 (Votes 9)
Tags:
oscillator, amibroker, trend
This formula is not my brainchild.
The original author is Yasu ( and I thank him for the same )
These are oscillating bands and 80 – 20 rule applies here.
Take all buy calls below 20 and all sell calls above 80.
Always take calls after a false signal.
My favourite parameters are 20 and 3.
Feedback appreciated.
Screenshots
Indicator / Formula
Copy & Paste Friendly
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 | _SECTION_BEGIN("yasu 4");m = Param("Periods", 10, 5, 20, 1 );n = Param("Average", 4, 3, 10, 1 );Var2=(High+Low+Close*2)/4;Var3=EMA(Var2,m);Var4=StDev(Var2,m);Var5=(Var2-Var3)*100/IIf(Var4==0,1,Var4);Var6=EMA(Var5,n);Var7=EMA(Var6,n);WW=(EMA(Var7,m)+100)/2-4;MM=HHV(WW,n); Plot(ww, "WW", 8, 1+4);Plot(mm, "MM", 4, 1+4);Buy=IIf(ww>Ref(ww,-1) AND Ref(ww,-1)<Ref(ww,-2) AND ww<50,20,0);Plot(Buy, "BUY", 8,2+4);Sell=IIf(ww<Ref(ww,-1) AND Ref(ww,-1)>Ref(ww,-2) AND ww>50,20,0);Plot(Sell, "SELL", 4,2+4);_SECTION_END();_SECTION_END(); |
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seemingly very intersting and thanks for sharing also thanking admin for apporval
Very nice indicator.. thanks