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Positive Percentage Indicator for Amibroker (AFL)
Rating:
3 / 5 (Votes 5)
Tags:
percentage, amibroker
This formula shows you the positive bar percentage of the script.
it calculates past bar data & average it with a percentage value.
you can combine this with your other indicators to get a Popper momentum idea.
like when you going to Long with your current indicators, do taste how much positivity there is on different time frames for that particular script.
Indicator / Formula
Copy & Paste Friendly
_SECTION_BEGIN("Positive Bars Percentage");
BarsUp=0;
BarsDown=0;
PCount = 0;
NCount = 0;
NewDay = Day() != Ref(Day(), -1);
for(i=0;i<BarCount;i++)
{
if(NewDay[i]==True)
{
BarsUp[i]=0;
BarsDown[i]=0;
PCount = 0;
NCount = 0;
}
//positive count
if(C[i]-O[i]>0)
{
PCount++;
BarsUp[i]=PCount;
BarsDown[i]=NCount;
}
//negative count
if(C[i]-O[i]<0)
{
NCount++;
BarsUp[i]=PCount;
BarsDown[i]=NCount;
}
}
BarsToday = 1 + BarsSince(NewDay);
PositiveBarsPercentage = BarsUp*100/BarsToday;
//Plot(BarsToday,"Today Bars",colorRed);
//Plot(BarsUp,"Positive Bars",colorblue);
//Plot(BarsDown,"Negative Bars",colorRed);
Plot(PositiveBarsPercentage,"PositiveBars Percentage",colorGreen);
_SECTION_END();0 comments
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