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#1 Selling Amibroker Plugin featuring:
Appel's ROC or The Triple Momentum Timing Model for Amibroker (AFL)
This is a buy & Hold indicator. I have coded Mr. Appels indicator as per his book. However, I have added BUY and Sell conditions as a point of reference only. Personally, I would use it as a exploration to identify possible long positions. Mr. Appel advice is, “There is only one buy rule and only one sell rule: You buy when the Triple Momentum Level, the sum of the 5-, 15-, and 25-day rates of change, crosses from below to above 4%. You sell when the Triple Momentum Level, the sum of the 5-, 15-, and 25-day rates of change, crosses from above to below 4%.”
By Mubashar Virk
Similar Indicators / Formulas
Indicator / Formula
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 | _SECTION_BEGIN ( "Appel's ROC" ); x = ROC ( C , 5); y = ROC ( C , 15); z = ROC ( C , 25); A = x + y + z; Plot (A, "Appel's ROC" , colorRed ); Plot (4, "" , colorBlack , styleNoLabel , styleDashed ); Buy = Cross (A,4); Sell = Cross (4,A); Filter = Buy OR Sell ; AddColumn ( Buy , "Buy" , 1); AddColumn ( Sell , "Sell" , 1); AddColumn ( Close , "Close" ,1.2); AddColumn ( Volume , "Volume" ,1.0); |
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