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WiseTrader Toolbox
#1 Selling Amibroker Plugin featuring:
Advanced Adaptive Indicators
Advanced Pattern Exploration
Neural Networks
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Absolute Strength Index for Amibroker (AFL)
Rating:
4 / 5 (Votes 3)
Tags:
oscillator, amibroker
Developed by Tudor Marcelin – Art Invest
It’s similar with RSI, but has an advantage: in the strong trend market, the indicator don’t stay at 0 or 100 (the limits).
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Indicator / Formula
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/*Developed by Tudor Marcelin - Art Invest*/
n=10; /*period*/
A=0;
M=0;
D=0;
for( i = 0; i < 10; i=i+1 )
{
A=IIf(Ref(Close, - i)>Ref(Close, - i-1), A+(Ref(Close, - i)/Ref(Close, - i-1))-1,A);
M=IIf(Ref(Close, - i)==Ref(Close, - i-1), M+1/n,M);
D=IIf(Ref(Close, - i)<Ref(Close, - i-1), D+(Ref(Close, - i-1)/Ref(Close, - i))-1,D);
}
ASI=IIf (D+M/2==0, 100, 100-100/(1+(A+M/2)/(D+M/2)));
Plot(ASI,"ASI10",colorDarkBlue);
Plot(50,"",colorBlack,styleLine);
PlotGrid(70,colorGreen);
PlotGrid(30,colorRed);
GraphXSpace = 3;
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