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DMI & Moving Average System for Amibroker (AFL)
Rating:
5 / 5 (Votes 1)
Tags:
trading system, amibroker
Rombout Kerstens Combining DMI And Moving Average For A Eur/Usd Trading System, describes a technique for long entry and exit that uses both J. Welles Wilders Dmi (directional movement indicator) and a moving average.
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Indicator / Formula
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LenMa = Param("MA period", 30, 10, 100 );
LenDMI = Param("DMI period", 14, 5, 100 );
DmiLong = PDI( LenDMI ) > MDI( LenDMI );
DmiShort = PDI( LenDMI ) < MDI( LenDMI );
MALong = C > MA( C, LenMA );
MAShort = C < MA( C, LenMA );
Buy = DMILong AND MALong;
Short = DMIShort AND MAShort;
Sell = Short;
Cover = Buy;1 comments
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Not working on hourly chart.