Moving Average
A fundamental concept in technical analysis, the Moving Average in AFL calculates the average value of a security’s price over a specified period. Utilizing AmiBroker data, one can create various moving averages (simple, exponential, etc.) to smooth out price fluctuations and identify trends. An [AmiBroker data feeder] facilitates fetching and integrating external data, crucial for accurate moving average calculations.
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_SECTION_BEGIN("Price1");
SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ));
piv = (H+L+C)/3;
col_piv = IIf(piv > Ref(piv,-1),colorGreen,colorRed);
piv_ema3 = EMA(piv,3);
col_piv_ema = IIf(piv_ema3 > Ref(piv_ema3,-1),colorGreen,colorRed);
Plot (piv, "piv",Col_piv,styleThick+styleDashed);
Plot (piv_ema3, "piv ema3",Col_piv_ema);
Plot( C, "Close", ParamColor("Color", colorBlack ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() );
_SECTION_END();