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OsMA Indicator (the real one) for Amibroker (AFL)
dawsonsg
about 10 years ago
Amibroker (AFL)

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

Hi Guys,

There is a couple of OsMA indicators on the board but none are as good as this one.

Steve

Indicator / Formula

Indicator
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_SECTION_BEGIN("ind OsMA");
 
// Params
FastEma=Param("Fast EMA", 12, 1 , 25, 1);
SlowEma=Param("Slow EMA", 26, 1 , 50, 1);
SignalEma=Param("Signal EMA", 9, 1 , 25, 1);
  
// signals
valMACD   = MACD(fastema,slowema);
valSignal = Signal(FastEma,SlowEma,SignalEMA);
valOSMA = valMACD - valSignal;
  
// set color
OsMAColor=IIf(valOSMA >= Ref(valOSMA,-1) AND valOSMA>0,colorBrightGreen,
            IIf(valOSMA < Ref(valOSMA,-1) AND valOSMA>0,colorGreen,
            IIf(valOSMA <= Ref(valOSMA,-1) AND valOSMA<0,colorRed,
            colorDarkRed)));
     
Plot(valOSMA, "val ", OsMAColor,styleHistogram|styleThick );
_SECTION_END();

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