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WiseTrader Toolbox
#1 Selling Amibroker Plugin featuring:
PPO For KAMAS Sysem, 15 mts TimeFrame for Amibroker (AFL)
this is modified slightly to work in 5 mt chart with 15 mt time frame.
Time frame can be changed in the first line.
Similar Indicators / Formulas
Indicator / Formula
_SECTION_BEGIN("PPO");
//Further understanding of PPO indicator visit www.Stockchart.com
tf = in15Minute;
TimeFrameSet(tf );
periods = Param( "Periods", 8, 1, 200, 1 );
PPOShort = Param("PPO Short Period", 8, 1, 150, 1);
PPOLong = Param("PPO Long Period", 17, 1, 150, 1);
PPOsignal = Param("PPOsignal", 9, 1, 150, 1);
PPO = (EMA(C, PPOShort ) - EMA(C, PPOLong ))/ EMA(C, PPOLong );
PPOS = (EMA(ppo, PPOsignal ));
PPOShort = TimeFrameExpand(PPO, tf);
PPOLong =TimeFrameExpand(PPO, tf );
Val=ppo-PPOS ;
Plot( TimeFrameExpand(PPO, tf ) , "ppo", colorGreen, styleLine| styleThick );
Plot ( TimeFrameExpand(PPOS, tf ) ,"PPO Signal", colorOrange, styleLine| styleThick );
dynamic_color = IIf( Val> 0, colorGreen, colorRed );
Plot( TimeFrameExpand( Val,tf), "PPO Histogram", dynamic_color, styleHistogram | styleThick );
Buy=Cross(PPO,PPOS);
Sell=Cross(PPOS,PPO);
shape = Buy * shapeHollowUpArrow + Sell * shapeHollowDownArrow;
PlotShapes( shape, IIf( Buy, colorLime, colorRed ), 0,IIf( Buy, Ref(PPO,-1)*0.9, Ref(PPO,-1)*1.05) );
_SECTION_END();0 comments
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