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Floor & Top Oscillator for Amibroker (AFL)
maknil
about 14 years ago
Amibroker (AFL)

Rating:
3 / 5 (Votes 3)
Tags:

This indicator is helpful whenever any momentum indicator is failed in as sense if it is in overbought zone or oversold zone for long time. Hence by using this indicator we see depth of the trend for new entry.

Screenshots

Indicator / Formula

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_SECTION_BEGIN("Floor Top");

hcl=(O+H+L+C)/4;
Ho=AMA(Ref(hcl,-1),0.5);
HH=Max(H,Max(hcl,Ho));
HL=Min(L,Min(hcl,Ho));

trader = (hcl-Ho);
VarRedLine = WMA(trader,5); 
VarBlueLine = MA(trader,8);
Per = Param("MA Periods",15,3,50,1);
//Plot(trader,"trader",colorDarkRed);
thick=Param("thickness",0.5,0.01,5,0.01);
thick1=Param("ribbon thickness",0.5,0.01,50,0.01);

//P = ParamField("Price field",-1);
HDCPeriods = per;
//Width = Param("Width", 2, 0, 10, 0.05 );
//Color = ParamColor("Color", colorCycle );
//Style = ParamStyle("Style");
bbbot = BBandBot( trader, HDCPeriods, 2 );
bbtop = BBandTop( trader, HDCPeriods, 2 );
Plot( bbtop, "Roof" , colorWhite, styleThick ); 
Plot( bbbot, "Floor" , colorWhite, styleThick ); 

VarAMA = Param("varAMA",0.1,0,2,0.01);
hcl2=(H+L+C)/3;
Ho2=AMA(Ref(hcl2,-1),VarAMA);
HH2=Max(H,Max(hcl2,Ho2));
HL2=Min(L,Min(hcl2,Ho2));
trader2 = hcl2-Ho2;

//Plot(trader2,"trader2",colorGreen);
PlotOHLC(trader2,trader2+thick,trader2-thick,trader2,"trader",colorBlue,styleCloud);
PlotOHLC(trader,trader+thick,trader-thick,trader,"investor",colorRed,styleCloud);

//PlotOHLC(bbbot, bbbot ,IIf(bbbot < trader2,bbbot,trader2),bbbot,"",colorRed,styleCloud);
//PlotOHLC(bbtop, IIf(bbtop > trader2,bbtop,trader2),bbtop,bbtop,"",colorBrightGreen,styleCloud);

//Plot(0,"0",colorDarkGrey,styleLine);
Color_rib = IIf(trader2 > bbtop, colorDarkGrey, IIf(trader2 < bbbot, colorDarkGrey,IIf(trader2 > Ref(trader2,-1), colorBrightGreen,colorDarkRed)));
PlotOHLC(0,thick1,-thick1,0,"",color_rib,styleCloud);

_SECTION_END();

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