MACD BB Rain
MACD BB Rain AFL, powered by an AmiBroker data feed, incorporates MACD signals and Bollinger Bands to forecast potential market movements. This AFL acts as a tool for traders to assess the likelihood of price fluctuations based on combined MACD and Bollinger Bands analysis.
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_SECTION_BEGIN("MACD");
SetChartBkColor( colorBlack ) ;
A1=EMA(C,12)-EMA(C,26);
BBtop=BBandTop(A1,10,1);
BBbot=BBandBot(A1,10,1);
Color=IIf(a1<0 AND a1>Ref(a1,-1), colorBlue,IIf(a1>0 AND a1>Ref(a1,-1),colorBrightGreen,IIf(a1>0 AND a1<Ref(a1,-1),colorCustom12,colorRed)));
Plot(a1,"MACD",color,styleDots+styleLine);
Plot(BBtop,"BBtop",colorDarkGreen,styleDashed);
Plot(BBbot,"BBbot",colorDarkRed,styleDashed);
Plot(0,"",31,1);
_SECTION_END();
_SECTION_BEGIN("EMA1");
P = ParamField("Price field",-1);
Plot( EMA( P, 9 ), _DEFAULT_NAME(), colorBlue, styleThick );
_SECTION_END();