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EOM indicator for Amibroker (AFL)
Rating:
5 / 5 (Votes 1)
Tags:
oscillator, trading system, amibroker
The Ease of Movement indicator is intended to show how volatile the price is (i.e. the ease at which prices are moving). Here the value of the EOM characterizes both the price movement and the volume.
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Indicator / Formula
Copy & Paste Friendly
_SECTION_BEGIN("EOM");
SetChartBkGradientFill( ParamColor("BgTop", colorLightGrey),ParamColor("BgBottom", colorLightYellow));
//x - zmienia mianownik, gdy wolumen w krótkim okresie zmienia się zbyt bardzo, np. przed wygasaniem starej serii kontraktów terminowych
x = Param("iloraz VOL", 100, 1000, 50000 );
EOM = ((H + L) / 2 - Ref((H + L) / 2,-1))/((Volume/x) / (H-L));
Plot (EOM,"EOM",ParamColor ("Color", colorRed));
Buy = Cross (EOM, 0);
Sell = Cross (0, EOM);
Short= Cross (0, EOM);
Cover= Cross (EOM, 0);
PlotShapes(shapeUpArrow * Buy + shapeDownArrow * Sell, IIf (Buy, colorGreen,colorRed));
Plot(0,"ZERO LINE",colorBlack,styleThick);
Plot(600,"600 LINE",colorBlue,styleThick);
Plot(-600,"-600 LINE",colorBlue,styleThick);
Plot(-600,"-600 LINE",colorBlue,styleThick);
_SECTION_END();0 comments
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