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Vortex Indicator w/ Histogram for Amibroker (AFL)
Rating:
5 / 5 (Votes 1)
Tags:
oscillator, amibroker, histogram
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.
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Indicator / Formula
Copy & Paste Friendly
// 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 );0 comments
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