Market Sentiment Detector Histogram Trading - aflcode.com | Latest collection of Amibroker afl 2023

Market Sentiment Detector Histogram Trading

//www.aflcode.com
GraphXSpace= 5;
GraphZOrder= 1;

truHi= IIf(H > Ref(C,-1),H,Ref(C,-1));
truLo= IIf(L < Ref(C,-1),L,Ref(C,-1));

truRange= truHi - truLo;

Pd= Param("max length",13,5,100,1);
RWH= (truHi-Ref(truLo,-Pd))/(ATR(Pd)*sqrt(Pd));
RWL= (Ref(truHi,-Pd)-truLo)/(ATR(Pd)*sqrt(Pd));
Pk= WMA((RWH-RWL),3);

MN= MA(Pk,Pd);
SD= StDev(Pk,Pd);

Val1= IIf(MN+(1.33*SD) > 2.08, MN+(1.33*SD), 2.08);
Val2= IIf(MN-(1.33*SD) < -1.92, MN-(1.33*SD), -1.92);

Line= IIf(Ref(Pk,-1) >= 0 AND Pk > 0,Val1, IIf(Ref(Pk,-1) <= 0 AND Pk < 0, Val2, 0));

Red= IIf(Ref(Pk,-1) > Pk, Pk, 0);
Yellow= IIf(Pk > Ref(Pk,-1), Pk, 0);

Plot(Red,"Red",32,2+4);
Plot(Yellow,"Yellow",42,2+4);
Plot(Line,"Line",34,1);
PlotGrid(0,55);

Title= " " + Name()+
"   Peak Osc Red="+WriteVal(Red,1.2)+
"   Peak Osc Yellow="+WriteVal(Yellow,1.2)+
WriteIf(Ref(Pk,-1) > Pk,"   L-Stick is"+EncodeColor(32)+"RED",WriteIf(Pk > Ref(Pk,-1),"   L-Stick is"+EncodeColor(42)+" YELLOW", 
"   L-Stick is"+EncodeColor(47)+" NEUTRAL"));
_SECTION_END();