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#1 Selling Amibroker Plugin featuring:
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Upper and Lower Band for Amibroker (AFL)
Rating:
3 / 5 (Votes 2)
Tags:
From the Book “BreakThrough Trading – Revolutionary Thinking in Relative Analysis”
Author: Leon Wilson
Wilson created 3 band:
- RSI = 34 periods (default)
- Neutral Zone : 45(Lower Neutral Zone) to 55 (Upper Neutral Zone) ==> default
- Upper Channel Zone: 55(Upper Neutral Zone) to 70 (Overbought) ==> default
- Lower Channel Zone: 45(Lower Neutral Zone) to 30 (Oversold) ==> default
Implement from:
http://www.traders.com/Documentation/FEEDbk_docs/Archive/072006/TradersTips/TradersTips.html
By: Tj
Screenshots
Indicator / Formula
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Version(4.80); // requires version 4.80 and above
SetChartBkGradientFill( ParamColor("BgTop", colorWhite),ParamColor("BgBottom",
colorLightYellow));
Periods = Param("Channel Periods", 34, 1, 250 );
Smooth = Param("Smoothing", 1, 1, 55 );
Value2 = Param("Over Bought", 70, 50, 99 );
Value3 = Param("Over Sold", 30, 1, 50 );
Value4 = Param("Upper Neutral Zone", 55, 50, 99 );
Value5 = Param("Lower Neutral Zone", 45, 1, 50 );
r = RSI( Periods );
OB = EMA( r - Value2, Smooth );
OS = EMA( r - Value3, Smooth );
NzU = EMA( r - Value4, Smooth );
NzL = EMA( r - Value5, Smooth );
Ch1 = Close - Close * OB / 100;
Ch2 = Close - Close * NzU / 100;
Ch3 = Close - Close * NzL / 100;
Ch4 = Close - Close * OS / 100;
//-- TohMz: Allow selection of Bar/Candlestick charting
//---------------------------------------
// Select top Menu <View> => <Price Char Style> => [Auto|Line|Line with
//dots|CandleSticks|Bars]
//
_N(Title = StrFormat("{{NAME}}- {{INTERVAL}} {{DATE}} O= %g, H= %g, L= %g, C=
%g (%.1f%%) V= " +WriteVal( V, 1.0 ) +"\n{{VALUES}}", O, H, L, C,
SelectedValue( ROC( C, 1 )) ));
PriceStyle = GetPriceStyle();
PriceStyleOpt = ParamStyle("Style") | PriceStyle;
if (PriceStyle==styleCandle)
Plot( C, "", colorBlack, PriceStyleOpt);
else
Plot( C, "", IIf( Close >= Ref(C, -1), colorBlue, colorRed ),
PriceStyleOpt);
//----------------------------------------------------------------------------------------------
Plot( Ch1, "", colorLightGrey );
Plot( Ch2, "", colorLightGrey, styleNoLabel | styleNoTitle );
PlotOHLC( Ch1, Ch1, Ch2, Ch2, "Upper Channel ", ParamColor("Upper Channel
Color",ColorRGB( 230, 230, 230)), styleCloud ); //TohMz: Color Selection
Plot( Ch3, "", colorLightBlue );
Plot( Ch4, "", colorLightBlue, styleNoLabel | styleNoTitle );
PlotOHLC( Ch3, Ch3, Ch4, Ch4, "Lower Channel ", ParamColor("Lower Channel
Color",ColorRGB( 210, 210, 255)), styleCloud ); //TohMz: Color Selection0 comments
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