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Pretty Good Oscillator for Amibroker (AFL)
Rating:
2 / 5 (Votes 9)
Tags:
oscillator, trading system, amibroker
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.
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Indicator / Formula
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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 | /* PGOPGO = (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..