Dollar Move Indicator
The Dollar Move Indicator is a powerful tool used by traders to gauge the strength of a currency relative to others. In Amibroker AFL, developing this indicator involves tracking the movement of the dollar against a basket of major currencies. By utilizing Amibroker data feed, this indicator can be crafted to show the magnitude and direction of the dollar’s movements, aiding in making informed trading decisions.
/_SECTION_BEGIN("ERGOCCI xyte");
// ERGODIC CCI port to Amibroker 5.20 MT4 code created by Louw Coetzer aka FX Sniper
// by xyte for Inditraders forum members http://www.inditraders.com
// Version 0.2 (c) 8th September 2009, 6:05pm
pq = Param("PQ:",8, 1, 50, 1 );
pr = Param("PR:",4, 1, 50, 1 );
ps = Param("PS:",5, 1, 50, 1);
trigger = Param( "Trigger:", 4, 1, 50, 1 );
Mtm = C - Ref ( C, -1 );
AbsMtm = abs ( Mtm );
Var1 = EMA(Mtm, pq);
Var2 = EMA(Var1, pr);
Var2a = EMA(AbsMtm, pq);
Var2b = EMA(Var2a, pr);
Num = EMA(Var2, ps);
Den = EMA(Var2b, ps);
ErgoCCI = (500 * Num) / Den ;
MainCCI = EMA(ErgoCCI, trigger);
Plot( ErgoCCI, "ERGODIC CCI ("+pq+","+pr+","+ps+","+trigger+")", colorBlue, ParamStyle("Style")|styleThick );
Plot( MainCCI, "", ParamColor("color",colorRed),styleLine);
PlotGrid (0, colorWhite );
Plot(200,"", colorLightGrey, styleLine|styleThick);
Plot(-200, "",colorLightGrey, styleLine|styleThick);
_SECTION_END();