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Bollinger Fibonacci Bands for Amibroker (AFL)
Rating:
3 / 5 (Votes 2)
Tags:
amibroker, bands, fibonacci
Boll-Fib bands as used on the VT Forex trading platform.
By Beachie41
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Indicator / Formula
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// Bollinger Fibonacci Bands - Beachie41 26/11/04 //
/* as used in the VT trading platform - see outline of FX trading system by mezarashii on Moneytec http://www.moneytec.com/forums/_showthread/_threadid-11630/_s-
*/
GraphXSpace = 3;
per = Param("Period",20,10,55,1);
TH =IIf(Ref(C,-1) > H,Ref(C,-1),H);
TL=IIf(Ref(C,-1) < L,Ref(C,-1),L);
TR = TH-TL;
TRa= Wilders(TR,per);
UpperBand3 =MA( C, per) + ( 4.2360 * TRa);
UpperBand2=MA( C, per) + ( 2.6180 * TRa);
UpperBand1=MA( C, per) + ( 1.6180 * TRa);
MidPoint=MA(C, per);
LowerBand1=MA( C, per) - ( 1.6180 * TRa);
LowerBand2=MA( C, per) - ( 2.6180 * TRa);
LowerBand3=MA( C, per) - ( 4.2360 * TRa);
Plot(MidPoint,"",colorGreen,4);
Plot(UpperBand1,"",colorRed,1);
Plot(LowerBand1,"",colorRed,1);
Plot(UpperBand2,"",colorAqua,1);
Plot(LowerBand2,"",colorAqua,1);
Plot(UpperBand3,"",colorYellow,1);
Plot(LowerBand3,"",colorYellow,1);
PlotOHLC(O,H,L,C,"",colorWhite,64);1 comments
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