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Accumulative Swing Index (ASI) for Amibroker (AFL)
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Accumulative Swing Index (ASI)
Accumulative Swing Index (ASI)
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_SECTION_BEGIN("Accumulative Swing Index (ASI)"); // Define parameters asiPeriod = Param("ASI Period", 14, 1, 100, 1); maPeriod = Param("MA Period", 50, 1, 200, 1); rsiPeriod = Param("RSI Period", 14, 1, 50, 1); rsiOverbought = Param("RSI Overbought Level", 70, 50, 100, 1); rsiOversold = Param("RSI Oversold Level", 30, 0, 50, 1); volumeThreshold = Param("Volume Threshold", 100000, 1, 10000000, 10000); // Calculate Swing Index prevClose = Ref(Close, -1); K = Max(H - prevClose, L - prevClose); SwingIndex = IIf(H == L, 0, IIf(Close > prevClose, (50 * (Close - prevClose + 0.5 * (Close - Open) + prevClose - Open) / K), (50 * (Close - prevClose + 0.5 * (Close - Open) + prevClose - Open) / K))); // Calculate ASI asi = Cum(SwingIndex); // Calculate Moving Average (filter) maValue = MA(Close, maPeriod); // Calculate RSI (additional filter) rsiValue = RSI(rsiPeriod); // Buy and Sell Signals based on ASI and additional filters buySignal = Cross(asi, MA(asi, asiPeriod)) AND Close > maValue AND Volume > volumeThreshold AND rsiValue < rsiOversold; sellSignal = Cross(MA(asi, asiPeriod), asi) AND Close < maValue AND Volume > volumeThreshold AND rsiValue > rsiOverbought; // Plot the price chart Plot(Close, "Price", colorBlack, styleCandle); // Plot ASI Plot(asi, "Accumulative Swing Index (ASI)", colorBlue, styleLine); // Plot Moving Average Plot(maValue, "MA(" + maPeriod + ")", colorRed); // Plot Buy and Sell signals on the price chart Buy = buySignal; Sell = sellSignal; // Plot Buy and Sell arrows on the chart PlotShapes(IIf(Buy, shapeUpArrow, shapeNone), colorGreen, 0, Low, Offset=-30); PlotShapes(IIf(Sell, shapeDownArrow, shapeNone), colorRed, 0, High, Offset=30); // Add additional indicators for better visualization Plot(rsiValue, "RSI(" + rsiPeriod + ")", colorLightOrange, styleLine); Plot(Volume, "Volume", colorBlue, styleHistogram | styleOwnScale); // Plot buy and sell signals on the indicator chart for reference PlotShapes(IIf(Buy, shapeStar, shapeNone), colorGreen, 0, Low, Offset=-10); PlotShapes(IIf(Sell, shapeStar, shapeNone), colorRed, 0, High, Offset=10); // Generate buy and sell signals Buy = ExRem(Buy, Sell); Sell = ExRem(Sell, Buy); _SECTION_END();
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