New! WiseTrader Toolbox for Amibroker is now available with:
  • Advanced Adaptive Indicators
  • Advanced Pattern Exploration
  • Neural Networks
  • And Much More...
GoTo WiseTrader Toolbox

Contribute

Contribute an indicator to the library by clicking here. Note you must be logged in.

Sponsors

Popular Indicators

Overbought/Oversold Indicator for Amibroker (AFL)

2 / 5 (Votes 4)

This indicator identifies over bought and over sold conditions.

Here is a screenshot of how the indicator looks:
Oscillator

Tags: oscillator, amibroker
Submitted by r.siva79 about 3 years ago

Similar Formulas

Formula

Show/Hide Formula Copy & Paste Friendly 

Plot(100,"",7,styleLine);
Plot(-100,"",7,styleLine);
n=9;
ys1=(High+Low+Close*2)/4;
rk3=EMA(ys1,n);
rk4=StDev(ys1,n);
rk5=(ys1-rk3)*100/rk4;
rk6=EMA(rk5,n);
UP=EMA(rk6,n);
DOWN=EMA(up,n);
Oo=IIf(up<down,up,down);
Hh=Oo;
Ll=IIf(up<down,down,up);
Cc=Ll;
barcolor2=IIf(Ref(oo,-1)<Oo AND Cc<Ref(Cc,-1),colorBlue,IIf(up>down,colorGreen,colorRed));
PlotOHLC( Oo,hh,ll,Cc, "Modified " + Name(), barcolor2, styleCandle );

2 Comments

1. samyjack

good one!

Submitted 11 months ago Report as spam
2. atinshah

DEAR SIR,

R.SIVA

over bought and over sold very nice but,

make new one which is help with in figures too,……..

like spider.net or reliable

there is window for bulk traders which shows you figure in laks….

keep it up.. sir

if you have it….so, please send me

atinshah@gmail.com

Submitted 7 months ago Report as spam

Please login here to leave a comment.

Back

Main Menu

Indicators

Sponsors