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Buy & Sell Pressure for Amibroker (AFL)

Rating:
3 / 5 (Votes 2)
Tags:
oscillator, ambroker

//Indicator Buy and sell pressure
// By Karthik Marar – www.karthikmarar.blogspot.com
// Public release for personal use only.
//Please do not commercialize this indicator in its original or modified form

Indicator / Formula

Copy & Paste Friendly
_SECTION_BEGIN("Buy & Sell Pressure - Raw - V.1.0");
SetChartOptions(0,chartShowArrows|chartShowDates);
sp 		= H-C;
bp 		= C-L;
bpavg 	= EMA(bp,80);
spavg 	= EMA(sp,80);
nbp 	= bp/bpavg;
nsp 	= sp/spavg;
diff 	= nbp-nsp;
diffcolor = IIf(diff>0,colorGreen,colorOrange);
Varg = EMA(V,80);
nv = V/Varg;
nbfraw = nbp * nv;
nsfraw = - nsp * nv;
nbf = EMA(nbp * nv,20);
nsf = EMA(nsp * nv,20);
SetBarFillColor(colorGreen ); 
PlotOHLC(0,nbfraw,0,nbfraw,"",colorLime, styleCandle ) ;
SetBarFillColor(colorRed ); 
PlotOHLC(0,nsfraw,0,nsfraw,"",colorOrange, styleCandle ) ;
_SECTION_END();
_SECTION_BEGIN("Title");
if( Status("action") == actionIndicator ) 
(
Title = EncodeColor(colorWhite)+ "Buy & Selll Pressure - Raw V.1.0 " + " - " +  Name() + " - " + EncodeColor(colorRed)+ Interval(2) + EncodeColor(colorWhite) +
 "  - " + Date() +" - "+"\n" + EncodeColor(colorYellow) + "Raw Buying pressure = "+ EncodeColor(colorLime) + WriteVal(nbfraw)+
"\n"+ EncodeColor(colorYellow) + "Raw Selling pressure = "+ EncodeColor(colorRed) +  WriteVal(nsfraw));
_SECTION_END(); 

2 comments

1. abdalelah

I like it

2. sureshsellappan

this afl what use

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