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AdGet XTL osc ( eq to EW osc) for Amibroker (AFL)

Rating:
3 / 5 (Votes 2)
Tags:
oscillator, amibroker

I got this from other forum.
I have added few lines extracode for osc to show bars. Add this as on osc at the bottom of the chart

Verygood when you add it to other trending indicators

thanks

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Indicator / Formula

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// EW STUFF

_SECTION_BEGIN("AA Adget XTL");

price1=EMA((H+L)/2,5)-EMA((H+L)/2,17);
k=1;
k2=0.0555;
Lens=5;
upperband=Price1+k2*(k*Price1-price1);
Lowerband=Price1+K2*(K*Price1-price1);
Plot(Price1,"EW Osc",colorLightGrey,styleHistogram);
Plot(IIf(price1>0 AND BarsSince(Price1)>=2 ,upperband,0),"UB",colorRed,styleLine);
Plot(IIf(price1<0 AND BarsSince(Price1)>=2 ,Lowerband,0),"UB",colorGreen,styleLine);
Plot(WMA(Price1,Lens),"",colorOrange,styleLine);

colordots = IIf(WMA(Price1,Lens) > 0,colorGreen,IIf(WMA(Price1,Lens) < 0,colorRed,colorWhite)); 
//Plot(WMA(Price1,Lens),"",colordots,styleThick);

EW = WMA(Price1,Lens);

Buy_EW = Cross(EW,0); 
Sell_EW = Cross(0,EW); 


Buy_EW = ExRem(Buy_EW, sell_EW   );
sell_EW = ExRem(sell_EW , Buy_EW  );

dist = 1.5*ATR(10); 
for( i = 0; i < BarCount; i++ ) 
{ 

HH1 = HHV(H,1);
LL1 = LLV(L,1);

if( Buy_EW[i] ) PlotText( "E@" + C[ i ], i, L[ i ]-dist[i], colorBlack, colorSeaGreen); 
if( sell_EW[i] ) PlotText( "E@" + C[ i ], i, H[ i ]+dist[i], colorWhite, colorDarkRed); 

}

PlotShapes(Buy_EW*shapeHollowUpArrow,colorBrightGreen, 0, Low, Offset =-5);
PlotShapes(sell_EW*shapeHollowDownArrow,colorWhite, 0, High, Offset =-5);
_SECTION_END();

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