Stock Portfolio Organizer
The ultimate porfolio management solution.
Shares, Margin, CFD's, Futures and Forex
EOD and Realtime
Dividends and Trust Distributions
And Much More ....
WiseTrader Toolbox
#1 Selling Amibroker Plugin featuring:
Advanced Adaptive Indicators
Advanced Pattern Exploration
Neural Networks
And Much More ....
Wilson Relative Price Channel for Amibroker (AFL)
Rating:
4 / 5 (Votes 4)
Tags:
amibroker, channel
The Wilson Relative Price Channel can be used to determine overbought and oversold conditions. For more information on using this indicator please see Leon Wilson’s book: “BreakThrough Trading – Revolutionary Thinking in Relative Analysis”
Similar Indicators / Formulas
ATR Breakouts
Submitted
by kamalcharan almost 10 years ago
Donchian Channels
Submitted
by rythm.arora over 13 years ago
64 channel
Submitted
by octobpra over 13 years ago
Adaptive Price Channel
Submitted
by claux about 13 years ago
Pairs Ratio Plot
Submitted
by aucn almost 14 years ago
Square of Nine Roadmap Charts
Submitted
by kaiji about 14 years ago
Indicator / Formula
Copy & Paste Friendly
periods = Param("Channel Periods", 34, 1, 250 );
smoothing = Param("Smoothing", 1, 1, 55 );
overbought = Param("Over Bought", 70, 50, 99 );
oversold = Param("Over Sold", 30, 1, 50 );
upperNeutralZone = Param("Upper Neutral Zone", 55, 50, 99 );
lowerNeutralZone = Param("Lower Neutral Zone", 45, 1, 50 );
r = RSI(periods);
OB = EMA( r - overbought, smoothing);
OS = EMA( r - oversold, smoothing );
UNZ = EMA( r - upperNeutralZone, smoothing );
LNZ = EMA( r - lowerNeutralZone, smoothing );
Chan1 = Close - Close * OB / 100;
Chan2 = Close - Close * UNZ / 100;
Chan3 = Close - Close * LNZ / 100;
Chan4 = Close - Close * OS / 100;
Plot( C, "Price", colorDefault, styleCandle );
Plot( Chan1, "", colorLightGrey );
Plot( Chan2, "", colorLightGrey, styleNoLabel | styleNoTitle );
PlotOHLC( Chan1, Chan1, Chan2, Chan2, "Upper Channel ", ParamColor("Upper Channel Color",ColorRGB( 220, 220, 220)), styleCloud );
Plot( Chan3, "", colorTurquoise );
Plot( Chan4, "", colorTurquoise, styleNoLabel | styleNoTitle );
PlotOHLC( Chan3, Chan3, Chan4, Chan4, "Lower Channel ", ParamColor("Lower Channel Color",ColorRGB( 200, 200, 255)), styleCloud ); 2 comments
Leave Comment
Please login here to leave a comment.
Back
very very great work
thanxs
nice