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Vertical Horizontal Filter for Amibroker (AFL)
Rating:
4 / 5 (Votes 2)
Tags:
amibroker, trend
This is amibroker for vertical horizontal filter which is useful to determine whether prices tend to trend (rising values) or moving towards trading / congestion zone (falling values)
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Indicator / Formula
Copy & Paste Friendly
_SECTION_BEGIN("VHF");
pds=9;
smooth=3;
hcp=HHV(C,pds);
lcp=LLV(C,pds);
mcp=C-Ref(C,-1);
sav=Sum(abs(mcp),pds);
Vhf=(Hcp-Lcp)/sav;
Plot(EMA(vhf,smooth),"Vertical Horizontal Filter",colorBlue,4);
Title=WriteIf(Vhf>Ref(Vhf,-1)AND
Ref(Vhf,-1)>Ref(Vhf,-2),EncodeColor(colorGreen)+" VHF is currently
rising.",EncodeColor(colorYellow)+" VHF is Falling.");
_SECTION_END();0 comments
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