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Price Oscillator for Amibroker (AFL)

Rating:
3 / 5 (Votes 4)
Tags:
oscillator, trading system, amibroker

I used this in the DSE market which gave me good buy sell signals. I’ve collected it from one of my seniors and haven’t modified it. I’m sorry i don’t know the author to whom the thanks should go. Just wanted to share with others….

Screenshots

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Indicator / Formula

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_SECTION_BEGIN("Price Oscillator");

m = Param("Periods", 10, 5, 20, 1 );
n = Param("Average", 4, 3, 10, 1 );

Var2=(High+Low+Close*2)/4;
Var3=EMA(Var2,m);
Var4=StDev(Var2,m);
Var5=(Var2-Var3)*100/IIf(Var4==0,1,Var4);
Var6=EMA(Var5,n);
Var7=EMA(Var6,n);
WW=(EMA(Var7,m)+100)/2-4;
MM=HHV(WW,n);

Plot(ww, "WW", colorBlue, 1);
Plot(mm, "MM", colorRed, styleThick, 1);
A=WW;
B=MM;
Hi = IIf(A > B, A, B);
Lo = IIf(A < B, A, B);
Color = IIf(A > B, colorBlue,colorRed);
PlotOHLC(Lo,Hi,Lo,Hi,"",COLOR, styleNoLabel | styleCloud);
Buy=IIf(ww>Ref(ww,-1) AND Ref(ww,-1)<Ref(ww,-2) AND ww<50,20,0);
Sell=IIf(ww<Ref(ww,-1) AND Ref(ww,-1)>Ref(ww,-2) AND ww>50,20,0);
Buy=ExRem(Buy,Sell);
Sell=ExRem(Sell,Buy);
PlotShapes(IIf(Buy,shapeUpTriangle,shapeNone) ,colorBrightGreen);
PlotShapes(IIf(Sell,shapeDownTriangle,shapeNone),colorRed);
_SECTION_END();

4 comments

1. bhartiprinters

FOR INTRADAY PREFER 30 MIN AS OPTION SUGGESTION FOR INITIAL BETTER RESULTS DURING INTRADAY

2. siivaramm

sir its one of the good indicator for intraday. can any one plz give this for metastock

3. ishfakalam

not so good..

4. Rakesh Kumar

This is one of the best indicator for Intraday as well as delivery based trading. Works better in trending market, than side way .

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