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Acceleration Bands for Amibroker (AFL)
Rating:
4 / 5 (Votes 4)
Tags:
amibroker, bands
Big Trends Accelleration Bands
The stock is strongly accelerating if it closes above the green band and strongly deccelerating if it closes below the red band.
Screenshots
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Indicator / Formula
Copy & Paste Friendly
_SECTION_BEGIN("Accelleration");
MaxGraph=9;
x=(H-L)/(H+L)/2;
ub=EMA(H*(1+2*((2*X)*100)*.01),20);
Lb= EMA(L*(1-2*((2*X)*100)*.01),20);
mb=EMA(C,20);
Graph5=EMA(C,150);
Graph5Style=1+4+7;
Graph5Color=7;
Graph0=ub;
Graph0Color=27;
Graph0Style=1+4+7;
Graph1Style=1+4+7;
Graph1=mb;
Graph2=Lb;
Graph2Style=1+4+7;
Graph2Color=4;
upbar = H > Ref( H, -1 ) AND L >= Ref( L, -1 );
downbar = L < Ref( L, -1 ) AND H <= Ref( H, -1 );
//ubb= BBandTop(Close, 20, 2);
//lbb = BBandBot(Close, 20, 2);
/* Colourized price bars drawn here
Graph4 = Close;
Graph4Style = 64;
barcolor = IIf( downbar, 4, IIf( upbar, 5, 0 ) );
Graph4BarColor = ValueWhen( barcolor != 0, barcolor );*/
Plot(C,"",1,64);
//Plot(ubb,"LowBollBand",colorWhite,styleLine|styleThick);
//Plot(lbb,"LowBollBand",colorWhite,styleLine|styleThick);
Title = Name () + " "+ Date() + " - " + FullName()+ " - Accelleration BANDS Yellow = 150 EMA" ;
4 comments
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very nice indicator
GR8
NIce
The formula is not right should be
Factor = 0.001;
Formula above should be amended to