Stock Portfolio Organizer

The ultimate porfolio management solution.

Shares, Margin, CFD's, Futures and Forex
EOD and Realtime
Dividends and Trust Distributions
And Much More ....
For Portfolio Manager Click Here

WiseTrader Toolbox

#1 Selling Amibroker Plugin featuring:

Advanced Adaptive Indicators
Advanced Pattern Exploration
Neural Networks
And Much More ....
Find Out More Here

EBSW Even Better Sine Wave for Amibroker (AFL)

Rating:
2 / 5 (Votes 7)
Tags:
oscillator, amibroker

Even Better Sine Wave

Screenshots

Indicator / Formula

Copy & Paste Friendly
SetBarsRequired( sbrAll ); 


function EBSW( Duration) 
{
//HighPass filter cyclic components whose periods are shorter than Duration input
PI = 3.1415926;
alpha1 = (1 - sin (2*PI / Duration)) / cos(2*PI /Duration);
//Smooth with a Super Smoother Filter from equation 3-3
a1 = exp(-1.414*PI / 10);
b1 = 2*a1*cos(1.414*PI / 10);
c2 = b1;
c3 = -a1*a1;
c1 = 1 - c2 - c3;
HP = Close; 
    Filt = HP; 
    Wave = Filt; 
    Pwr = Filt;
for( i = 3 ; i < BarCount; i++ ) 
    { 
       HP[ i ]=.5*(1 + alpha1)*(Close[i] - Close[i-1]) + alpha1*HP[i-1];

Filt[i] = c1*(HP[i] + HP[i-1]) / 2 + c2*Filt[i-1] + c3*Filt[i-2];
}
//3 Bar average of Wave amplitude and power
Wave = (Filt + Ref(Filt,-1) + Ref(Filt,-2)) / 3;
Pwr = (Filt^2 + Ref(Filt,-1)^2 + Ref(Filt,-2)^2) / 3;
//Normalize the Average Wave to Square Root of the Average Power
Wave = Wave / sqrt(Pwr);
return wave;
}
Plot(EBSW(Param("Duration",20,1,200,1,0)),"EBSW"+ _PARAM_VALUES(),colorBlue);//Plot( array, Name, color/barcolor, style = styleLine, minvalue = {empty}, maxvalue = {empty}, XShift = 0, Zorder = 0 ) 
/*
//HighPass filter cyclic components whose periods are
shorter than Duration input
alpha1 = (1 - Sine (360 / Duration)) / Cosine(360 /
Duration);
HP = .5*(1 + alpha1)*(Close - Close[1]) + alpha1*HP[1];
//Smooth with a Super Smoother Filter from equation 3-3
a1 = expvalue(-1.414*3.14159 / 10);
b1 = 2*a1*Cosine(1.414*180 / 10);
c2 = b1;
c3 = -a1*a1;
c1 = 1 - c2 - c3;
Filt = c1*(HP + HP[1]) / 2 + c2*Filt[1] + c3*Filt[2];
//3 Bar average of Wave amplitude and power
Wave = (Filt + Filt[1] + Filt[2]) / 3;
Pwr = (Filt*Filt + Filt[1]*Filt[1] + Filt[2]*Filt[2]) / 3;
//Normalize the Average Wave to Square Root of the Average
Power
Wave = Wave / SquareRoot(Pwr);
Plot1(Wave);

4 comments

1. val2004

works very well

tks again

2. hotaro3

Even though I enjoyed of mathematical formula for calculating the wave but unfortunately using of this indicator is not a good Idea for Market specially Forex. I think you can work more on it to improve it

3. bsedoha

@sal157011 -What is the best way to use this indicator ?
@ val2004 – Which market you find it useful and how you are imnplementing in your Trade Plan ?

Thanks in advance.

Regards,

4. val2004

Bsedoha

I use it on stocks confirming with other indicators like relative slope

Leave Comment

Please login here to leave a comment.

Back