Floor Range Middle
The Floor Range Middle AFL in Amibroker utilizes price ranges to determine the midpoint within a specific floor or trading range. Leveraging Amibroker data feed, this indicator aids traders in identifying the equilibrium point amid price fluctuations. By calculating this midpoint, it assists in understanding potential price movements, offering insights for entry and exit strategies.
/_SECTION_BEGIN("floor roof 71");
/* Alan Hull's Range Indicator - for weekly charts */
Plot(Close,"Close",colorWhite,styleCandle);
Plot(LinearReg(C,25),"Range Middle",colorBlue,styleLine);
//Plot(LinearReg(C,13),"Range Middle",colorRed,styleLine);
Plot(EMA(C,34),"Range Middle",colorWhite,styleLine);
_SECTION_END();