Oscillator Modified
In AFL, an Oscillator Modified refers to a customized oscillating indicator derived from price data. By leveraging an [AmiBroker data feeder] to access external data, one can modify oscillators to suit specific trading strategies or preferences, enhancing their effectiveness in identifying overbought or oversold conditions.
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_SECTION_BEGIN("Dahl Oscillator modified");
//
// Modified formula from original DAHL(55) with 14 simple average. Used TEMA
// instead of simple MA, added parameters and optimization. Good also for
// trading system (as indicator to be used with 10 and 90 levels also)..
//
//------------------------------------------------------------------------------
/*Dahl Oscillator TS modificato (TEMA)
*/
P=14;Q=34;R=9;AV=6;
p = Optimize("Period",P,3,25,1);
q = Optimize("Q ",Q,20,36,2);
//r = Optimize("R lookback",R,5,25,1);
Av = Optimize("S Average",AV,2,30,2);
M=MA(C,q);
Dahl = TEMA( ( M - Ref(M,-p)- LLV (M - Ref(M,-p),r) )/(HHV(M - Ref(M,-p),r)-(LLV(M - Ref(M,-p),r))),r)*100 ;
Buy = Cover = Cross (dahl, MA(Dahl,av));
Short = Sell = Cross (MA(Dahl,av), dahl);
GraphXSpace=2;
Plot(Dahl,"Dahl",4,4);
Plot(MA(Dahl,av),"Avg",7,4);
//===========================end Dahl oscillator
_SECTION_END();