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Overbought/Oversold Indicator for Amibroker (AFL)
Rating:
2 / 5 (Votes 6)
Tags:
oscillator, amibroker
This indicator identifies over bought and over sold conditions.
Screenshots
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Indicator / Formula
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Plot(100,"",7,styleLine); Plot(-100,"",7,styleLine); n=9; ys1=(High+Low+Close*2)/4; rk3=EMA(ys1,n); rk4=StDev(ys1,n); rk5=(ys1-rk3)*100/rk4; rk6=EMA(rk5,n); UP=EMA(rk6,n); DOWN=EMA(up,n); Oo=IIf(up<down,up,down); Hh=Oo; Ll=IIf(up<down,down,up); Cc=Ll; barcolor2=IIf(Ref(oo,-1)<Oo AND Cc<Ref(Cc,-1),colorBlue,IIf(up>down,colorGreen,colorRed)); PlotOHLC( Oo,hh,ll,Cc, "Modified " + Name(), barcolor2, styleCandle );
3 comments
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good one!
DEAR SIR,
R.SIVA
over bought and over sold very nice but,make new one which is help with in figures too,……..
like spider.net or reliable
there is window for bulk traders which shows you figure in laks….
keep it up.. sir
if you have it….so, please send me
atinshah@gmail.com
*GOOD *