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MML Oscillator for Amibroker (AFL)
Rating:
4 / 5 (Votes 6)
Tags:
oscillator, amibroker
i am not a creator of this code but converter of this code….
i have found this code at
https://www.tradingview.com/script/VQPnbiQd-UCS-Murrey-s-Math-Oscillator-V2/
so tried to convert and find happy at the end…..
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Indicator / Formula
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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 | _SECTION_BEGIN("MML Osscilator");// Original code from ucsgears from tredingview.com//https://www.tradingview.com/script/VQPnbiQd-UCS-Murrey-s-Math-Oscillator-V2/// i have just converte it to AFLlength = 64;mult = 0.125;hi = HHV(High, length);lo = LLV(Low, length);range = hi - lo;multiplier = (range) * mult;midline = lo + multiplier * 4;oscillator = (Close - midline)/(range/2);scolor = IIf(oscillator > 0 AND oscillator < mult*6, colorGreen, IIf( oscillator < 0 AND oscillator > -mult*6,colorRed, IIf( oscillator < -mult*6 ,colorBlue, IIf( oscillator > mult*6 , colorOrange,colorYellow))));a = oscillator > 0 AND oscillator < mult*2;b = oscillator > 0 AND oscillator < mult*4;C1 = oscillator > 0 AND oscillator < mult*6;d = oscillator > 0 AND oscillator < mult*8;z = oscillator < 0 AND oscillator > -mult*2;y = oscillator < 0 AND oscillator > -mult*4;x = oscillator < 0 AND oscillator > -mult*6;w = oscillator < 0 AND oscillator > -mult*8;colordef = IIf(a, colorLime, IIf( b ,colorBrightGreen, IIf( C1, colorGreen,IIf( d , colorDarkGreen, IIf( z, colorOrange, IIf( y, colorBrown, IIf( x , colorRed, IIf (w , colorDarkRed , colorBlue))))))));//Plot (oscillator, color = scolor, Title = "Murrey Math Oscillator", style = columns, transp = 60)Plot(0, "Zero Line", colorWhite, styleLine);Plot( mult*2 , "", colorWhite, styleLine);Plot(mult*4 , "", colorWhite, styleLine);p3 = Plot( mult*6 ,"", colorWhite, styleLine);p4 = Plot( mult*8,"", colorWhite, styleLine);Plot( -mult*2, "", colorWhite, styleLine);Plot( -mult*4, "", colorWhite, styleLine);p2 = Plot( -mult*6, "", colorWhite, styleLine);p1 = Plot( -mult*8 , "", colorWhite, styleLine);Plot(Oscillator,"",colordef,ParamStyle( "Style", styleHistogram|styleThick ), 4);_SECTION_END(); |
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Tks for the oscillator
do you think this one could be a good one to be coded ?
https://www.tradingview.com/script/ngr0qRmw-CM-Laguerre-PPO-PercentileRank-Mkt-Tops-Bottoms/
Nice work, well done.
Is there any reason length = 64 instead of 100?
Thanks for sharing
Viswanath
Thank you kv_maligi Sir,
as basic periods of Murray Math Lines are 16/32/64.
when i were preparing the code, had checked this value….and found batter as original code has length = 100.
kindly update if 100 is batter than 64 from your side….
Thanx once again….
Dear Divyesh,
I checked at https://www.tradingview.com/script/ngr0qRmw-CM-Laguerre-PPO-PercentileRank-Mkt-Tops-Bottoms/ and its values is 100.
You have taken as 64 after reasearch hence you are correct & thanks for sharing once again.
And use this /http://www.mudraa.com/trading/146957/0/fisher-transform-inverse-fisher-transform-afl-.html greatly enhances trading calls. Plz have a look at this.
Both codes indicates OB and OS levels. I have checked this one with Bloomberg system
I trade buy/sell after checking Inv. fish transform & now check OBOS levels what you have given (indicator)
Thanks
Viswanath