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Rainbow indicator for Amibroker (AFL)

Rating:
5 / 5 (Votes 1)
Tags:
amibroker

This is a simple Rainbow Indicator with feedback from here: Link here

Please do check for my rainbow chart also and use in conjunction. Have been able to get good results. By the way this formula does not reference future data.

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Indicator / Formula

Copy & Paste Friendly
SetChartBkColor(ParamColor("Background Color",colorDarkGrey));
SetChartOptions(0,chartShowArrows | chartShowDates);


_SECTION_BEGIN("BBands");

Top= BBandTop(Close, 10, 1 );
Bot= BBandBot( Close, 10, 1 );


Plot (Top,"Top",colorGreen,styleThick+styleNoLabel);
Plot (Bot,"Bot",colorGreen,styleThick+styleNoLabel);

_SECTION_END();


_SECTION_BEGIN("KeltnerBands");

Mov_Avg = MA(C, 10);
KUP   = Mov_Avg + 1 * ATR(10);
KDOWN = Mov_Avg - 1 * ATR(10);


Plot (KUP,"KUP",colorRed,styleDashed+styleNoLabel);
Plot (KDown,"Kdown",colorRed,styleDashed+styleNoLabel);

_SECTION_END();


_SECTION_BEGIN("EMA");

EMA10=EMA(C,10);
EMA12=EMA(O,12);


Plot(EMA10,"EMA10",colorBrightGreen,styleThick+styleStaircase+styleNoLabel);
Plot(EMA12,"EMA12",colorGold,styleOwnScale+styleThick+styleStaircase+styleNoLabel);

 
_SECTION_END();


_SECTION_BEGIN("RSI21");

RSI21=RSI(21);
Plot(RSI21,"RSI21",colorRed,styleOwnScale+styleThick);

_SECTION_END();

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