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#1 Selling Amibroker Plugin featuring:
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Stochastic candles for Amibroker (AFL)
Rating:
3 / 5 (Votes 2)
Tags:
amibroker
This indicator is a normalized price representation made with candlesticks. The dynamic scale between 0 and 100% is calculated upon the last X periods (50 periods in the code, you can change it at will). It can be used to detect price exhaustion in a trend of continuation if the candlesticks remains above the 50% level.
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Indicator / Formula
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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 | Period = Param("Period",50,1,200,1);//lastest highhest high and lowest low over "period"hh = HHV(H,Period);ll = LLV(L,Period);scale = hh-ll;dynO = ((open-ll)/scale)*100;dynH = ((high-ll)/scale)*100;dynL = ((low-ll)/scale)*100;dynC = ((close-ll)/scale)*100;PlotOHLC(dynO,dynH,dynL,dynC,"",colorDefault,styleCandle);PlotGrid(50,ColorRGB(160,32,240));PlotGrid(20,Colorred);PlotGrid(80,Colorgreen); |
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Interesting, thank you.