Red-Green-Equal-Zones-Amibroker-AFL-code - aflcode.com | Latest collection of Amibroker afl 2023

Red-Green-Equal-Zones-Amibroker-AFL-code

//www.aflcode.com
Per1=Param("Max length",8,1,100,1);
RWH = (H-Ref(L,-Per1))/(ATR(Per1)*sqrt(Per1));
RWL =(Ref(H,-Per1)-L)/(ATR(Per1)*sqrt(Per1));
PK =MA(WMA((RWH-RWL),3),3);
KCD =PK-MA(PK,8);
MN =MA(KCD,Per1);
SD =StDev(KCD,Per1);
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);
lne =IIf(Ref(KCD,-1)>=0 AND KCD>0,Val1,IIf(Ref(KCD,-1)<=0 AND KCD<0,Val2,0));
Red =IIf(Ref(KCD,-1)>KCD,KCD,0);
Green =IIf(KCD>Ref(KCD,-1),KCD,0);

Plot(Red,"Red",colorRed,styleHistogram|styleThick);
Plot(Green,"Green",colorGreen,styleHistogram|styleThick);
Plot(lne,"LN",colorBlue,styleLine);