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Displaced Moving Average Channel for Amibroker (AFL)
Rating:
4 / 5 (Votes 2)
Tags:
amibroker, moving average, channel
Using styleCloud plot style in Amibroker, plots a DMA (Displaced Moving Average) of the price. To compare price against DMA Channel, use “Overlay” to add this indicator on top of price plot or uncomment the last line. Default values of 6 period Simple MA and 4 period “forward shift” , with parametrization to support different values. For usage information see http://www.erlangerresearch.com/wpDMA4.asp
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Indicator / Formula
Copy & Paste Friendly
Type = ParamList("Type", "Simple,Exponential,Double Exponential,Tripple Exponential,Wilders,Weighted");
Periods = Param("Periods", 6, 2, 300 );
Displacement = Param("Displacement", 4, -50, 50 );
m1 = 0;
m2 = 0;
if( Type == "Simple" ) {
m1 = MA( H, Periods );
m2 = MA( L, Periods);
}
if( Type == "Exponential" ) {
m1 = EMA( H, Periods );
m2 = EMA( L, Periods);
}
if( Type == "Double Exponential" ) {
m1 = DEMA( H, Periods );
m2 = DEMA( L, Periods);
}
if( Type == "Tripple Exponential" ) {
m1 = TEMA( H, Periods );
m2 = TEMA( L, Periods);
}
if( Type == "Wilders" ) {
m1 = Wilders( H, Periods );
m2 = Wilders( L, Periods);
}
if( Type == "Weighted" ) {
m1 = WMA( H, Periods );
m2 = WMA( L, Periods);
}
Plot( m1, _DEFAULT_NAME(), ParamColor("ColorTop", colorGreen), ParamStyle("Style"), 0, 0, Displacement );
Plot( m2, _DEFAULT_NAME(), ParamColor("ColorBottom", colorRed), ParamStyle("Style"), 0, 0, Displacement );
PlotOHLC(m1,m1,m2,m2,"DMACloud",ParamColor("ColorChannel", colorYellow),styleCloud,Null,Null,Displacement);
// Uncomment line below to plot price if Indicator is not overlaid a Price chart
//Plot(C,"Close",colorBlack,styleCandle);
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