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  • Amibroker AFL Wilson Relative Price Channel

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    Vasantha Kumar
    318 views1 page
    This document contains code for plotting a price chart with RSI indicators and upper and lower channel lines. It defines parameters for periods, smoothing, overbought/oversold levels, and neutral zones. It then calculates RSI, EMA of RSI levels, and channel lines from the close price and EMA values. Finally, it plots the close price, upper and lower channels as cloud charts, and sets colors and styles.

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    Market Profile AFL

    Original Title

    Amibroker AFL Wilson Relative Price Channel (1)

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    This document contains code for plotting a price chart with RSI indicators and upper and lower channel lines. It defines parameters for periods, smoothing, overbought/oversold levels, and neutral zones. It then calculates RSI, EMA of RSI levels, and channel lines from the close price and EMA values. Finally, it plots the close price, upper and lower channels as cloud charts, and sets colors and styles.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    318 views1 page

    Amibroker AFL Wilson Relative Price Channel

    Uploaded by

    Vasantha Kumar
    This document contains code for plotting a price chart with RSI indicators and upper and lower channel lines. It defines parameters for periods, smoothing, overbought/oversold levels, and neutral zones. It then calculates RSI, EMA of RSI levels, and channel lines from the close price and EMA values. Finally, it plots the close price, upper and lower channels as cloud charts, and sets colors and styles.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    _N(Title = StrFormat(FullName() +" - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g,

    Close %g (%.1f%%) Vol " +WriteVal( V, 1.0 ) +" {{VALUES}}", O, H, L, C,


    SelectedValue( ROC( C, 1 )) ));

    Periods = Param("Channel Periods", 34, 1, 250 );


    Smooth = Param("Smoothing", 1, 1, 55 );
    Value2 = Param("Over Bought", 70, 50, 99 );
    Value3 = Param("Over Sold", 30, 1, 50 );
    Value4 = Param("Upper Neutral Zone", 55, 50, 99 );
    Value5 = Param("Lower Neutral Zone", 45, 1, 50 );
    r = RSI( Periods );
    OB = EMA( r - Value2, Smooth );
    OS = EMA( r - Value3, Smooth );
    NzU = EMA( r - Value4, Smooth );
    NzL = EMA( r - Value5, Smooth );
    Ch1 = Close - Close * OB / 100;
    Ch2 = Close - Close * NzU / 100;
    Ch3 = Close - Close * NzL / 100;
    Ch4 = Close - Close * OS / 100;
    Plot( C, "Price", colorBlack, styleLine | styleThick );
    Plot( Ch1, "", colorLightGrey );
    Plot( Ch2, "", colorLightGrey, styleNoLabel | styleNoTitle );
    PlotOHLC( Ch1, Ch1, Ch2, Ch2, "Upper Channel ", ColorRGB( 0, 255, 127),
    styleCloud );
    Plot( Ch3, "", colorLightBlue );
    Plot( Ch4, "", colorLightBlue, styleNoLabel | styleNoTitle );
    PlotOHLC( Ch3, Ch3, Ch4, Ch4, "Lower Channel ", ColorRGB( 255, 0, 0), styleCloud );

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