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VIDYA for Amibroker (AFL)
Rating:
3 / 5 (Votes 2)
Tags:
amibroker, oscillator
VIDYA (Variable Index DYnamic Average) by Tushar Chande
This is a moving average that changes its length according to price movement.
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Indicator / Formula
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// VIDYA (Variable Index DYnamic Average) by Tushar Chande
// This is a moving average that changes its length according to price movement.
Length= Param("Length", 8, 1, 100, 1);
Smooth= Param("Smooth", 3, 1, 100, 1);
Change = C - Ref( C, -1 );
SU = Sum( C - Ref( C, -1 ) > 0, Length );
SD = Sum( C - Ref( C, -1 ) < 0, Length );
CMO = 100 * ( SU - SD ) / ( SU + SD );
AbsCMO=( abs(CMO) )/100;
SC=2/(Smooth+1);
VIDYA=AMA( C, SC*AbsCMO );
Plot( Close, "Price", 4, 64 );
Plot( VIDYA, "Vidya", 5 );
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Thanks for the formula, i will test!