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Overbought/Oversold Indicator for Amibroker (AFL)

Rating:
2 / 5 (Votes 5)
Tags:
oscillator, amibroker

This indicator identifies over bought and over sold conditions.

Screenshots

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Indicator / Formula

Copy & Paste Friendly
Plot(100,"",7,styleLine);
Plot(-100,"",7,styleLine);
n=9;
ys1=(High+Low+Close*2)/4;
rk3=EMA(ys1,n);
rk4=StDev(ys1,n);
rk5=(ys1-rk3)*100/rk4;
rk6=EMA(rk5,n);
UP=EMA(rk6,n);
DOWN=EMA(up,n);
Oo=IIf(up<down,up,down);
Hh=Oo;
Ll=IIf(up<down,down,up);
Cc=Ll;
barcolor2=IIf(Ref(oo,-1)<Oo AND Cc<Ref(Cc,-1),colorBlue,IIf(up>down,colorGreen,colorRed));
PlotOHLC( Oo,hh,ll,Cc, "Modified " + Name(), barcolor2, styleCandle );

2 comments

1. samyjack

good one!

2. atinshah

DEAR SIR,

R.SIVA

over bought and over sold very nice but,

make new one which is help with in figures too,……..

like spider.net or reliable

there is window for bulk traders which shows you figure in laks….

keep it up.. sir

if you have it….so, please send me

atinshah@gmail.com

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