Roof Strength Line
The Roof Strength Line AFL in Amibroker measures the strength of potential roof levels. Leveraging Amibroker data feed, this indicator assesses the robustness of resistance areas. Traders rely on this strength line to gauge the likelihood of price reversals or breakthroughs at these levels.
/_SECTION_BEGIN("RAVI");
P1 = Param("Short Period",7, 0,100,1);
P2 = Param("Long Period",65,0,100,1);
L1=Param("Threshold",4,2,10,1);
U= MA(C,P1)-MA(C,P2);
-R=100*U/MA(C,P2);
MyColor=IIf(R>L1, colorLime,colorRed);
Plot( R,"RAVI",Mycolor, 2| 4);
_SECTION_END();