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Stochastic new verrsion for Amibroker (AFL)
Rating:
3 / 5 (Votes 2)
Tags:
oscillator, amibroker
Stochastic Momentum Oscillator is plotted in histogram format and color coded as follows
Green – Increasing Positive Momentum
Blue – Decreasing Positive Momentum (could lead to either potential reversal or sideways action if the trend is really strong)
Red – Increasing Negative Momentum
Yellow– Decreasing Negative Momentum (could lead to either potential reversal or sideways action if the trend is really strong)
Indicator / Formula
Copy & Paste Friendly
_SECTION_BEGIN("Stochastic Momentum Oscillator");
LookBack1 = Param("Lookback1", 24, 2, 100 );
LookBack2 = Param("Lookback2", 100, 2, 100 );
Smooth1 = Param("Smooth 1", 3, 1, 100 );
Smooth2 = Param("Smooth 2", 10, 1, 100 );
P = (H+L+C)/3;
HH1 = HHV( P, LookBack1 );
LL1 = LLV( P, LookBack1 );
HH2 = HHV( P, LookBack2 );
LL2 = LLV( P, LookBack2 );
StoMom = 100 * MA( EMA( C - 0.5 * ( HH1 + LL1 ), Smooth1 ), Smooth2 ) /
( 0.5 * MA( EMA( HH2 - LL2, Smooth1 ), Smooth2 ) );
icolor = IIf(StoMom>0 AND StoMom>Ref(StoMom,-1),colorGreen,IIf(StoMom>0 AND StoMom<Ref(StoMom,-1),colorBlue,IIf(StoMom<0 AND StoMom<Ref(StoMom,-1),
colorRed,colorYellow)));
Plot(StoMom, _DEFAULT_NAME(), icolor, styleHistogram | stylethick );
_SECTION_END();0 comments
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