Formula oscillator
A Formula Oscillator, when created using Amibroker AFL, measures the momentum of price movements. Through Amibroker data feed, traders can fine-tune the parameters of the oscillator to suit their trading strategies, assisting in identifying overbought and oversold conditions for optimal entry or exit points.
/_SECTION_BEGIN("formula2"); EnableScript("vbscript"); <% function jMA(jH,jL,A2,A2m,k) dim result() redim result(UBound(jH)) for i=k to UBound(jH) n=i+1 if A2(i)<= A2m(i) then do until n=0 n=n-1 if A2(n)>= A2m(i) then exit do Loop result(i)=jH(n) else do until n=0 n=n-1 if A2(n)<= A2m(i) then exit do Loop result(i)=jL(n) end if next jMA=result end function %> script=GetScriptObject(); n=60; Graph0=script.jMA(H,L,AccDist(),EMA(AccDist(),n),n); Graph1=C; Graph1Style=128; Graph2=IIf(C