Force Index Oscillator with Spread tuned
The Force Index Oscillator with Spread Tuned AFL in Amibroker refines the Force Index Oscillator by incorporating spread adjustments. Utilizing Amibroker data feed, this indicator offers a more accurate depiction of market momentum by factoring in spreads. Traders rely on this refined oscillator to better gauge market strength and potential reversals.
/_SECTION_BEGIN("FORCE INDEX OSCILLATOR with Spread-Tuned");
SetBarsRequired(sbrAll);
SetChartBkColor(colorBlack);
K=H-L;
K1=EMA(K,7);
K2=EMA(K,21);
K3=K1/K2;
A1=(C-Ref(C,-1))*V*K3;
A2=EMA(A1,13);
A3=EMA(EMA(EMA(A2,3),3),3);
ifish=EMA(EMA(EMA(EMA(A3,3),3),3),3);
Color=IIf(ifish>0,IIf(ifish>Ref(ifish,-1),colorGreen,colorYellow),IIf(ifish>Ref(ifish,-1),colorBlue,colorRed));
Plot(ifish,"FORCE INDEX OSCILLATOR with Spread",Color,styleHistogram | styleThick, maskHistogram);
_SECTION_END();
_SECTION_BEGIN("Vortex Indicator Line");
// Vortex Indicator
period = Param("Period", 21, 2 );
VMP = Sum( abs( H - Ref( L, -1 ) ), period );
VMM = Sum( abs( L - Ref( H, -1 ) ), period );
STR = Sum( ATR( 10 ), period );
VIP = VMP / STR;
VIM = VMM / STR;
K1=VIP-VIM;
K2=TEMA(K1,7);
K=EMA(EMA(EMA(EMA(K2,3),3),3),3);
Plot(0,"", IIf(K>0,IIf(K>Ref(K,-1),colorGreen,colorYellow),IIf(K<0,IIf(K