Kase CD Clone
The Kase CD Clone AFL utilizes Cynthia Kase’s approach to Cumulative Delta analysis. Integrating it with an Amibroker data feed allows traders to monitor changes in buying and selling pressure, aiding in predicting price movements. It offers insights into market sentiment and can be a valuable tool in analyzing market trends.
/Per1=Param("Max length",8,1,100,1);
RWH = (H-Ref(L,-Per1))/(ATR(Per1)*sqrt(Per1));
RWL =(Ref(H,-Per1)-L)/(ATR(Per1)*sqrt(Per1));
PK =MA(WMA((RWH-RWL),3),3);
KCD =PK-MA(PK,8);
MN =MA(KCD,Per1);
SD =StDev(KCD,Per1);
Val1 =IIf(MN+(1.33*SD)>2.08,MN+(1.33*SD),2.08);
Val2 =IIf(MN-(1.33*SD)<-1.92,MN-(1.33*SD),-1.92);
lne =IIf(Ref(KCD,-1)>=0 AND KCD>0,Val1,IIf(Ref(KCD,-1)<=0 AND KCD<0,Val2,0));
Red =IIf(Ref(KCD,-1)>KCD,KCD,0);
Green =IIf(KCD>Ref(KCD,-1),KCD,0);
Plot(Red,"Red",colorRed,styleHistogram|styleThick);
Plot(Green,"Green",colorGreen,styleHistogram|styleThick);
Plot(lne,"LN",colorBlue,styleLine);