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Trend Intensity Index (TII) for Amibroker (AFL)
Rating:
4 / 5 (Votes 3)
Tags:
amibroker, oscillator
Trend Intensity Index (TII) was developed by M.H. Pee and it is used to measure the strength of a trend of a sock, ETF, index or any other tradable security.
TII oscillates around 50% line in the range from 0 to 100%. The TII readings above 80% are considered as an indication of a strong bullish trend and TII readings below 20% are considered as an indication of a strong bearish rend. The movement of Trend Intensity Index toward 50% line (center line) would suggest weakening of the current trend.
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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 | sel_field = ParamField( "Field", field = 3 );period = Param( "Period", 14 );EMA_period = Param( "EMA Period", 9 );function TrendIntensityIndex( period, sel_field ){ deviation_period = 0; if( period % 2 == 0 ) { deviation_period = period / 2; } else { deviation_period = ( period + 1 ) / 2; } deviation = sel_field - MA( sel_field, period ); TII = Null; for( i = period * 2; i < BarCount; i++ ) { SDpos = 0; SDneg = 0; for( j = 0; j < deviation_period; j++ ) { if( deviation[i - j] > 0 ) { SDpos = SDpos + deviation[i - j]; } else { SDneg = SDneg + deviation[i - j]; } } TII[i] = ( ( SDpos ) / ( SDpos + abs( SDneg ) ) ) * 100; } return TII;}TII = TrendIntensityIndex( period, sel_field );signalLine = EMA( TII, EMA_period );SetChartOptions( 0, 0, ChartGrid20 | ChartGrid80 );Plot( TII, "Trend Intensity Index", colorBlack );//PlotOHLC(TII,TII,50,"", IIf(signalLine > 50,colorLightBlue,colorLightOrange),styleCloud | styleClipMinMax, 20, 80 );Plot( signalLine, "Signal", colorRed, styleThick );PlotGrid( 80, colorLightBlue, 9, 2 );PlotGrid( 20, colorAqua, 9, 2 ); |
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ERROR
PlotGrid( 80, colorLightBlue, 9, 2 );
TO MANY ARGUMENT