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WiseTrader Toolbox
#1 Selling Amibroker Plugin featuring:
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Advanced Pattern Exploration
Neural Networks
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Dynamic Traders Index for Amibroker (AFL)
Rating:
3 / 5 (Votes 5)
Tags:
oscillator, amibroker
Another interesting adaption I found by Karma on karthik’s site
Blue bands show a strength of the trend — the wider they are, the stronger is the trend.
Yellow line indicates the trend’s direction change — when it bounces of 32 level, trend goes bullish, when it bounces down from 68 level, trend goes bearish.
Green and red lines Signal for the long position — if the green one intersects the red one from below, and — for Short position, when the red one crosses the green line from below.
Screenshots
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Indicator / Formula
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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 | _SECTION_BEGIN("Dynamic Traders Index");PlotGrid(32, colorLightGrey);PlotGrid(50, colorLightGrey);PlotGrid(68, colorLightGrey);a = DEMA(RSI(13),2);b = MA(a,7);bh = DEMA(a,34)+2*(StDev(a,34));bl = DEMA(a,34)-2*(StDev(a,34));bm = (bh+bl)/2;Plot(a, "TDI - Traders Dynamic Index ", colorGreen, styleThick); Plot(b,"TSL", colorRed);Plot( bh , "", colorLightBlue);Plot( bl , "", colorLightBlue);Plot(bm,"", colorDarkYellow);_SECTION_END(); |
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