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Multi Fractal Moving Averages for Amibroker (AFL)
Rating:
3 / 5 (Votes 5)
Tags:
oscillator, moving average
This is a sort of rainbow that tries to translate multi-timeframes averages in the same chart.
It’s an adaptation of MACD in different timeframes.
Because of the lenghs used on the moving averages, its designed to work on
5 min, D, W and M timeframes.
Screenshots
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Indicator / Formula
Copy & Paste Friendly
_SECTION_BEGIN("FMA5");
SetChartBkColor(ParamColor("Background Color", colorBlack));
EMA2=EMA(C,2);
EMA4=EMA(C,4);
EMA8=EMA(C,8);
EMA17=EMA(C,17);
EMA34=EMA(C,34);
EMA72=EMA(C,72);
EMA144=WMA(C,144);
EMA305=EMA(C,305);
EMA610=EMA(C,610);
FMA1=(EMA2-EMA4)+EMA2;
FMA2=(EMA4-EMA8)+EMA4;
FMA4=(EMA8-EMA17)+EMA8;
FMA8=(EMA17-EMA34)+EMA17;
FMA17=(EMA34-EMA72)+EMA34;
FMA34=(EMA72-EMA144)+EMA72;
FMA72=(EMA144-EMA305)+EMA144;
FMA144=(EMA305-EMA610)+EMA305;
Plot(FMA1,"FMA1",colorGrey50,styleThick);
Plot(FMA2,"FMA2",colorGrey40,styleThick);
Plot(FMA4,"FMA4",colorGreen,styleThick);
Plot(FMA8,"FMA8",colorRed,styleThick);
Plot(FMA17,"FMA17",colorViolet,styleThick);
Plot(FMA34,"FMA34",colorDarkBlue,styleThick);
Plot(FMA72,"FMA72",colorOrange,styleThick);
Plot(FMA144,"FMA144",colorDarkYellow,styleThick);
_SECTION_END();1 comments
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Good & thanks