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Acceleration / Deceleration (AC) indicator for Amibroker (AFL)
Rating:
4 / 5 (Votes 5)
Tags:
oscillator, amibroker
Oscillator Acceleration / Deceleration (AC) Bill Williams is a technical analysis indicator used for measuring the strength of the market.
The indicator is calculated as the difference between the current value of index Awesome Oscillator and a 5-regular simple moving average of the index Awesome Oscillator:
AC = AO – SMA (AO, 5)
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Indicator / Formula
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SetChartOptions( 0, chartShowArrows|chartShowDates );
_SECTION_BEGIN("Acceleration / Deceleration (AC) Bill Williams");
/*** The trend indicators ***/
P= ParamList("Price", "Close|(H+L)/2|(H+C+L)/3",1);
if (P=="Close")
A = C;
else
if (P=="(H+C+L)/3")
A = (H+C+L)/3;
else
A = (H+L)/2;
AO=MA(A,5)-MA(A,34);
AOcolor=IIf(AO>Ref(AO,-1),colorGreen,colorRed);
AC=AO-MA(AO,5);
ACcolor=IIf(AC>Ref(AC,-1),colorGreen,colorRed);
Plot(AC,"AC",ACcolor,styleHistogram|styleThick);
_SECTION_END();
2 comments
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Very good indicator.
Thanks
Subrahmanyam
Will check and get back soon.Seems quite different from the Awesome ind.
Thanks once again
Prasad