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Wilson Sentiment Index for Amibroker (AFL)
Rating:
3 / 5 (Votes 1)
Tags:
oscillator, amibroker, histogram
Translated from Metastock code from the book “The Next Step to Trading Success” by Leon Wilson.
By Xswingtrader at xswingtrader@gmail.com
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Indicator / Formula
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MaxVol=2*EMA(V,50);
Adjustment=V-(V-MaxVol);
Value=IIf(V>MaxVol,Adjustment,IIf(V<MaxVol,V,V));
Up=IIf(C>Ref(C,-1),(C-Ref(C,-1))*Value,(C-Ref(C,-1))*Value);
Down=IIf(C<Ref(C,-1),(Ref(C,-1)-C)*Value,(Ref(C,-1)-C)*Value);
S=EMA(Sum(up,21)-Sum(down,21),3);
Plot( S, "Sentiment Index", ParamColor( "SI Color", colorBlue), ParamStyle("SI Style", styleHistogram | styleThick));
Plot(0,"",ParamColor("ZeroColor", colorRed),styleLine);
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