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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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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 | /*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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