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#1 Selling Amibroker Plugin featuring:
Pretty Good Oscillator for Amibroker (AFL)
EXAMPLE OF USE: A buysignal occurs when pgo>3, (current price breaks out of a exponential 3-ATR-band). Long position is closed when PGO<0, (price crosses below simple 89-period MA). I didn´t take any short positions in this testing. Trades were entered and left next day at the open.
Similar Indicators / Formulas
Indicator / Formula
/* PGO PGO = (Close - N-Day SMA of Close) / N-Day EMA of True Range) EXAMPLE OF USE: A buysignal occurs when pgo>3, (current price breaks out of a exponential 3-ATR(89)-band). Long position is closed when PGO<0, (price crosses below simple 89-period MA). I didn´t take any short positions in this testing. Trades were entered and left next day at the open. I compared PGO and PGO with a 1 ATR max loss value (position closed if C< close on signalbar - ATR(20). */ n=89; Av=23; stp=9; //n = Param("Periods",n,20,190,1); //av = Param("Average",av,2,50,1); n = Optimize("Periods",n,20,190,1); av = Optimize("Average",av,2,30,1); //stp = Optimize("Stop",stp,4,15,1); PGO= (C-MA(C,n))/EMA(ATR(1),n); Plot( PGO, "PGO (" +WriteVal( n, 1.0 )+")" , -9, 5 ); Plot( 3, "" , 1, 5 ); Plot( -3, "" , 1, 5 ); PGOAVG=MA(PGO,av); Plot(PGOAVG,"AVG"+"("+WriteVal(Av, 1.0 )+")" ,colorYellow); Buy=Cross(PGO,3); Sell=Cross(0,PGO);
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Indeed, it is good and clear:thanks a lot.
it looks very nice, clear. good indicator..