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MML Oscillator for Amibroker (AFL)
Rating:
4 / 5 (Votes 6)
Tags:
oscillator, amibroker
i am not a creator of this code but converter of this code….
i have found this code at
https://www.tradingview.com/script/VQPnbiQd-UCS-Murrey-s-Math-Oscillator-V2/
so tried to convert and find happy at the end…..
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Indicator / Formula
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_SECTION_BEGIN("MML Osscilator");
// Original code from ucsgears from tredingview.com
//https://www.tradingview.com/script/VQPnbiQd-UCS-Murrey-s-Math-Oscillator-V2/
// i have just converte it to AFL
length = 64;
mult = 0.125;
hi = HHV(High, length);
lo = LLV(Low, length);
range = hi - lo;
multiplier = (range) * mult;
midline = lo + multiplier * 4;
oscillator = (Close - midline)/(range/2);
scolor = IIf(oscillator > 0 AND oscillator < mult*6, colorGreen, IIf( oscillator < 0 AND oscillator > -mult*6,colorRed, IIf( oscillator < -mult*6 ,colorBlue, IIf( oscillator > mult*6 , colorOrange,colorYellow))));
a = oscillator > 0 AND oscillator < mult*2;
b = oscillator > 0 AND oscillator < mult*4;
C1 = oscillator > 0 AND oscillator < mult*6;
d = oscillator > 0 AND oscillator < mult*8;
z = oscillator < 0 AND oscillator > -mult*2;
y = oscillator < 0 AND oscillator > -mult*4;
x = oscillator < 0 AND oscillator > -mult*6;
w = oscillator < 0 AND oscillator > -mult*8;
colordef = IIf(a, colorLime, IIf( b ,colorBrightGreen, IIf( C1, colorGreen,IIf( d , colorDarkGreen, IIf( z, colorOrange, IIf( y, colorBrown, IIf( x , colorRed, IIf (w , colorDarkRed , colorBlue))))))));
//Plot (oscillator, color = scolor, Title = "Murrey Math Oscillator", style = columns, transp = 60)
Plot(0, "Zero Line", colorWhite, styleLine);
Plot( mult*2 , "", colorWhite, styleLine);
Plot(mult*4 , "", colorWhite, styleLine);
p3 =
Plot( mult*6 ,"", colorWhite, styleLine);
p4 =
Plot( mult*8,"", colorWhite, styleLine);
Plot( -mult*2, "", colorWhite, styleLine);
Plot( -mult*4, "", colorWhite, styleLine);
p2 =
Plot( -mult*6, "", colorWhite, styleLine);
p1 =
Plot( -mult*8 , "", colorWhite, styleLine);
Plot(Oscillator,"",colordef,ParamStyle( "Style", styleHistogram|styleThick ), 4);
_SECTION_END();4 comments
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Tks for the oscillator
do you think this one could be a good one to be coded ?
https://www.tradingview.com/script/ngr0qRmw-CM-Laguerre-PPO-PercentileRank-Mkt-Tops-Bottoms/
Nice work, well done.
Is there any reason length = 64 instead of 100?
Thanks for sharing
Viswanath
Thank you kv_maligi Sir,
as basic periods of Murray Math Lines are 16/32/64.
when i were preparing the code, had checked this value….and found batter as original code has length = 100.
kindly update if 100 is batter than 64 from your side….
Thanx once again….
Dear Divyesh,
I checked at https://www.tradingview.com/script/ngr0qRmw-CM-Laguerre-PPO-PercentileRank-Mkt-Tops-Bottoms/ and its values is 100.
You have taken as 64 after reasearch hence you are correct & thanks for sharing once again.
And use this /http://www.mudraa.com/trading/146957/0/fisher-transform-inverse-fisher-transform-afl-.html greatly enhances trading calls. Plz have a look at this.
Both codes indicates OB and OS levels. I have checked this one with Bloomberg system
I trade buy/sell after checking Inv. fish transform & now check OBOS levels what you have given (indicator)
Thanks
Viswanath