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Elder Autoevelope for Amibroker (AFL)

rus1615 over 10 years ago Amibroker (AFL)

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

Elder autoevelope with deviation control. refer to dr. elder books.

Indicator / Formula

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pds = Param("EMA periods", 21, 1, 112);


deviation=Param("deviation",32,2,350);      
 AvgX=EMA(C,pds);
  shift= EMA(C,pds)* (deviation)/1400;

  UpperBand=AvgX+shift;
  LowerBand=AvgX-shift;
 

 
 
  Plot(UpperBand ,"UpperBand",colorRed,styleLine ); //| styleThick
  Plot(Avgx , "MidleBand", colorYellow, styleLine ); //| styleThick 
  Plot(LowerBand, "LowerBand", colorGreen, styleLine ); //| styleThick

3 comments

1. rus1615
over 10 years ago

need to change the deviation value… if it does not enclose… its very good ocillator..
deviation=Param(“deviation”,32,2,350);

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2. deep_pocket
about 10 years ago

Hi Sir,

Can any body can code an indicator that will give signal when outside bar but only above or below 21EMA.

Thanks

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3. bhartiprinters
about 10 years ago 
Out=H>Ref(H,-1) AND L<Ref(L,-1) ;

Buy=Out AND Close>EMA(C,21) ;
Sell=Out AND Close<EMA(C,21) ;
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