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#1 Selling Amibroker Plugin featuring:
BMTRIX Intermediate Term Market Trend Indicator for Amibroker (AFL)
This is a variation of the trix. I’m using a TEMA instead of an EMA like in the original formula. I use a 45 day version, as it tends to call the intermediate term trends fairly well. Above 0 is a bull trend, below 0 is a bear trend.
Similar Indicators / Formulas
Indicator / Formula
1 2 3 4 5 6 7 8 9 10 11 12 13 | period = 45; //Change the foreign symbol for your own market C = Foreign ( "COMPQX" , "C" ); Trixline= TEMA ( TEMA ( TEMA ( ROC ( C , 1), period), period), period); Plot (Trixline, "TRIX" , colorBlue , styleHistogram ); "The bmTRIX is indicating a " + WriteIf (Trixline > 0, "bullish" , "bearish" ) + " market environment because it is " + WriteIf (TrixLine > 0, "above" , "below" ) + " the zero line.\n" ; |
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