Winner for Amibroker (AFL)
gopal about 16 years ago Amibroker (AFL)
Very good and early indicator for buy/seel for intraday trading based on OB/OS.
Edit the parameters and set m=4 and n=2 for best and fast results.
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Indicator / Formula
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_SECTION_BEGIN("Winner");
m = Param("Periods", 10, 2, 5, 1 );
n = Param("Average", 5, 2, 5, 1 );
pa = (2*C+H+L)/4;
cost = pa*Volume;
scost5 = Sum(cost,n);
svolume5 = Sum(Volume,n);
pa5 = scost5/svolume5;
RSV = (pa5-LLV(pa5,m))/(HHV(pa5,m)-LLV(pa5,m))*100;
pak = WMA(rsv,n);
paD = WMA(paK,n);
UP=pak;
DOWN=pad;
Oo=IIf(up<down,up,down);
Hh=Oo;
Ll=IIf(up<down,down,up);
Cc=Ll;
barcolor2=IIf(up>down,5,colorRed);
PlotOHLC( Oo,hh,ll,Cc, "Winner ", barcolor2, styleCandle );
_SECTION_END();6 comments
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That is a very good trend indicator!
something wrong, not papering properly on the chart
Plz rectify
Can we add a scan to the above indicator when it changes color ?
Thanks in advance.
nice indicator, good for intra use…thanks
NOTHING APPEARS SIR BUT THANKS FOR THE WORK DONE.