Stock Portfolio Organizer

The ultimate porfolio management solution.

Shares, Margin, CFD's, Futures and Forex
EOD and Realtime
Dividends and Trust Distributions
And Much More ....
Find Out More Here

WiseTrader Toolbox

#1 Selling Amibroker Plugin featuring:

Advanced Adaptive Indicators
Advanced Pattern Exploration
Neural Networks
And Much More ....
Find Out More Here

Candle Strength Indicator for Amibroker (AFL)

5 / 5 (Votes 1)
amibroker, oscillator, histogram

This indicator allows you to visualize the strength of the current candlestick by comparing the OHLC values. Red histogram values represent bearish candlesticks whereas green histogram values represent bullish candlesticks.


Indicator / Formula

Copy & Paste Friendly

Apply to a new chart pane with a black background.

value = 100*(Open-Low)/(High-Low)-50;

bullishCandleStrength = IIf(Close > Open, value, 0);
bearishCandleStrength = IIf(Close <= Open, value, 0);

Plot(bullishCandleStrength, "Bullish Candle Strength", colorGreen, styleHistogram | styleThick);
Plot(bearishCandleStrength, "Bearish Candle Strength", colorRed, styleHistogram | styleThick);

Plot(50, "", colorDarkYellow, styleDashed);
Plot(-50, "", colorDarkYellow, styleDashed);


Leave Comment

Please login here to leave a comment.