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WiseTrader Toolbox
#1 Selling Amibroker Plugin featuring:
Vortex Indicator w/ Histogram for Amibroker (AFL)
The vortex indicator with histogram is similar to the ADX indicator, except that it combines pdi and mdi into one easy to read chart. Use in an indicator pane below the price chart.
Similar Indicators / Formulas
Indicator / Formula
// Vortex Indicator // S&C Traders Tips Jan 2010 period = Param("Period", 14, 2 ); VMP = Sum( abs( H - Ref( L, -1 ) ), period ); VMM = Sum( abs( L - Ref( H, -1 ) ), period ); STR = Sum( ATR( 1 ), period ); VIP = VMP / STR; VIM = VMM / STR; //Plot( VIP, "VI"+period+"+", colorBlue); //Plot( VIM, "VI"+period+"-", colorRed ); Hist = VIP - VIM; HistPrev = Ref(Hist,-1); Color = IIf(Hist>HistPrev,colorCustom9, IIf(hist<HistPrev,colorRed,colorWhite)); Plot( Hist*1.02, "", color, styleDots+styleNoLine+styleNoLabel); Plot( Hist*1.01, "", color, styleDots+styleNoLine+styleNoLabel); Color = IIf(Hist>0,colorCustom11, IIf(hist<0,colorCustom8,colorWhite)); Plot( Hist, "", color, styleHistogram+styleOwnScale+styleThick );
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