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Rotation Factor for Amibroker (AFL)
Rating:
3 / 5 (Votes 2)
Tags:
amibroker
R Factor is a sentimental indicator used in Market Profile to Indicate who is control (Buyers/Sellers) in the market for the day. If the r factor prints positive values every day then it mean buyers are in control in the market. Negative Values indicates sellers are in control. Same principle can be applied to investing as well.
Screenshots
Indicator / Formula
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_SECTION_BEGIN( "R Factor - Market Profile" );
RF = 0;
NewDay = day() != Ref( day(), -1 );
for( i = 1; i < BarCount; i++ )
{
if( NewDay[i] == True )
{
BarsUp[i] = 0;
BarsDown[i] = 0;
RF[i] = 0;
}
//If Current Bar Makes HH and HL
if( H[i] > H[i - 1] AND L[i] > L[i - 1] AND !NewDay[i] )
{
RF[i] = RF[i - 1] + 2;
}
//If Current Bar Makes LH and LL
if( H[i] < H[i - 1] AND L[i] < L[i - 1] AND !NewDay[i] )
{
RF[i] = RF[i - 1] - 2;
}
//If Current Bar Makes HH and LL
if( H[i] > H[i - 1] AND L[i] < L[i - 1] AND !NewDay[i] )
{
RF[i] = RF[i - 1];
}
//If Current Bar Makes LH and HL
if( H[i] < H[i - 1] AND L[i] > L[i - 1] AND !NewDay[i] )
{
RF[i] = RF[i - 1];
}
if( H[i] == H[i - 1] AND L[i] > L[i - 1] AND !NewDay[i] )
{
RF[i] = RF[i - 1] + 1;
}
if( H[i] > H[i - 1] AND L[i] == L[i - 1] AND !NewDay[i] )
{
RF[i] = RF[i - 1] + 1;
}
if( H[i] < H[i - 1] AND L[i] == L[i - 1] AND !NewDay[i] )
{
RF[i] = RF[i - 1] - 1;
}
if( H[i] == H[i - 1] AND L[i] < L[i - 1] AND !NewDay[i] )
{
RF[i] = RF[i - 1] - 1;
}
}
Plot( 0, "", colorred, styleline );
Plot( RF, "Rotational Factor", IIf( RF > 0, colorGreen, colorRed ), styleHistogram | stylethick );
_SECTION_END();6 comments
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Can we customize it for Intraday?
Chart does not appear and nothing seems to happen.Plz check. Thanks.
original author and source link – https://www.marketcalls.in/amibroker/rotation-factor-amibroker-afl-code.html
yuvi – I’m confused, what are you saying? Your post just repeats the original formula, no added value.
the code writen above for intraday. To use it in daily chart, change
day() with
month()