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Smart Money Scanner for Amibroker (AFL)
epgarias
about 12 years ago
Amibroker (AFL)

Rating:
2 / 5 (Votes 3)
Tags:
amibroker

Here is a very simple smart money scanner.

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Indicator / Formula

Copy & Paste Friendly
//******************************
_SECTION_BEGIN("EMA");

P = Volume;
Periods = Param("PeriodsEMA", 9, 2, 300, 1, 10 );
Plot( EMA( P, Periods ), _DEFAULT_NAME(), colorRed, styleLine, styleThick);
_SECTION_END();

Period = Param("Period", 10, 2, 300, 1, 10 );;
LowColor = colorYellow;
ClimaxColor = colorRed;
ChurnColor = colorGreen;
ClimaxChurnColor=colorBlue;
LowChurnColor= colorLime;

Value1 = V;
Value2 = V*(H-L);
Value3 = V/(H-L);

BarColor = IIf( (Value1 == LLV(Value1,Period)), LowColor,
IIf( (Value2 == HHV(Value2,Period)), ClimaxColor,
IIf( (Value3 == HHV(Value3,Period)), ChurnColor,
IIf( ((Value2 == HHV(Value2,Period) AND (Value3 == HHV(Value3,Period)))), ClimaxChurnColor,
IIf( (Value3 == LLV(Value3,Period)), LowChurnColor, colorBlueGrey)))));

_SECTION_BEGIN("Volume");
Plot( Volume, _DEFAULT_NAME(), BarColor, ParamStyle( "Style", styleHistogram+styleThick, maskHistogram ), 2 );
_SECTION_END();
//******************************

4 comments

1. hmsanil

Hi,

How to use this indicator?

Anil

2. halfman

it’s VSA (Volume Spread Analysis).

3. ole

An old indicator taken from classy at http://dhaka-classy.blogspot.com/2010/11/better-volume-amibroker-formula.html

4. classy

An old indicator taken from classy at http://dhaka-classy.blogspot.com/2010/11/better-volume-amibroker-formula.html//

hmm you are correct bro.may be i found it form net..forum/blog/..i cant recall..so all credit goes to original creator/coder..i respect all coder ..they spent hell lot of time n their effort is awesome…salute them

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