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Vortex Oscillator for Amibroker (AFL)
Rating:
5 / 5 (Votes 1)
Tags:
oscillator, amibroker
The vortex indicator was developed as a new directional movement indicator, drawing inspiration from J. Welles Wilders directional movement indicator, as well as another unrelated and improved directional indicator. This is the vortex indicator converted to an oscillator.
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Indicator / Formula
Copy & Paste Friendly
_SECTION_BEGIN("Vortex Oscillator");
// Vortex Indicator
// S&C Traders Tips Jan 2010
SetChartBkColor(colorBlack);
SetBarsRequired(sbrAll);
period = Param("Period", 21, 2 );
VMP = Sum( abs( H - Ref( L, -1 ) ), period );
VMM = Sum( abs( L - Ref( H, -1 ) ), period );
STR = Sum( ATR( 10 ), period );
VIP = VMP / STR;
VIM = VMM / STR;
K1=VIP-VIM;
K=TEMA(K1,7);
ifish=EMA(EMA(EMA(EMA(K,3),3),3),3);
Color=IIf(ifish>0,IIf(ifish>Ref(ifish,-1),colorGreen,colorYellow),IIf(ifish>Ref(ifish,-1),colorBlue,colorRed));
Plot(ifish," Vortex Oscillator ",Color,styleHistogram | styleThick, maskHistogram);
Plot(0,"",colorYellow,styleDashed);
_SECTION_END();
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