Hurst-Bands
The utilization of the Amibroker data feed to develop Hurst-Bands offers a unique way to gauge market volatility and potential price extremes. An Amibroker AFL incorporating these bands assists traders in identifying optimal entry and exit points based on volatility and price range analysis.
/CY1 = Param("Short Cycle Length?" ,10, 1 ,1000 ,1 )/2;
CY2 = Param("Medium Cycle Length?" ,80, 1 ,1000 ,1 )/2;
M1 = Param("Short Cycle Multiplyer?" ,1, 0.01 ,10 ,1 );
M2 = Param("Medium Cycle Multiplyer?" ,3, 0.01 ,10 ,1 );
T1 = Ref(MA(Close ,CY1 ),CY1/2)+ M1*ATR(CY1 );
B1 = Ref(MA( Close ,CY1 ),CY1/2)- M1*ATR(CY1 );
T2 = Ref(MA(Close ,CY2 ),CY2/2)+ M2*ATR(CY2 );
B2 = Ref(MA( Close ,CY2 ),CY2/2)- M2*ATR(CY2 );
Plot(T1, "", colorLime);
Plot(B1, "", colorLime);
Plot(T2, "", colorRed);
Plot(B2, "", colorRed);
GraphXSpace = 5;
_SECTION_BEGIN( "Price" );
SetChartOptions( 0, chartShowDates | chartShowArrows | chartLogarithmic | chartWrapTitle );
_N( Title = StrFormat( "{{NAME}} - " + SectorID( 1 ) + " - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) Vol " + WriteVal( V, 1.0 ) + " {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ) );
Plot( C, "Close", colorBrightGreen, styleCandle | styleNoTitle | ParamStyle( "Style" ) | GetPriceStyle() );
if ( ParamToggle( "Tooltip shows", "All Values|Only Prices" ) )
{
ToolTip = StrFormat( "Open: %g\nHigh: %g\nLow: %g\nClose: %g (%.1f%%)\nVolume: " + NumToStr( V, 1 ), O, H, L, C, SelectedValue( ROC( C, 1 ) ) );
}
_SECTION_END();