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EMA Slope by Jose Silva for Amibroker (AFL)
Rating:
4 / 5 (Votes 6)
Tags:
oscillator, amibroker
The indicator “EMA slope by Jose Silva” is very useful to confirm trend and movement
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Indicator / Formula
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// Jose Silva's code ported on 28th April 2010 8:36 pm by xyte@inditraders
pds = Param("EMA Periods", 21, 1, 2520, 1);
Period= ParamList("Use as Input","Open|High|Low|Close|Volume",1);
if(Period=="Open"){x=Open;}
if(Period=="High"){x=High;}
if(Period=="Low"){x=Low;}
if(Period=="Close"){x=Close;}
if(Period=="Volume"){x=Volume;}
//Indicator
EMAx=EMA(x,pds);
//Slope
EMAprev=Ref(EMAx,-1);
y=Min(EMAx,EMAprev)/Max(EMAx,EMAprev);
EMAratio=(IIf(EMAx>EMAprev,2-y,y)-1)*100;
EMAper=IIf(EMAratio < 0, atan2(EMAratio,1)-360, atan2(EMAratio,1))*10/9; //This is where the problem lies
Signalx=EMA(EMAper,pds);
//Plots
Plot(Signalx, "Signal", colorGreen, styleLine|styleThick);
Plot(EMAper, "EMAper", colorRed, styleLine|styleThick);
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I have seen a lot of indicators by Jose Silva for Metastock.
Amazing Indicator…Just try its slope