AO+ Momentum
Revolutionize your trading approach with the AO+ Momentum Amibroker AFL, downloadable for free. By integrating the strengths of Awesome Oscillator (AO) and Momentum indicators, this tool unveils hidden market trends. Access accurate Amibroker data to validate your insights and fine-tune your strategy for optimal results.
Var1=MA(Avg, 34);
Var2=MA(Avg, 5);
AO=Var2-Var1;
_SECTION_BEGIN("AO");
Plot( AO, _DEFAULT_NAME(), IIf( C > O, ParamColor("Up Color", colorGreen ), ParamColor("Down Color", colorRed ) ), ParamStyle( "Style", styleHistogram | styleThick, maskHistogram ) );
_SECTION_END();
function Momentum( array, period )
{
return array - Ref( array, -period );
}
Plot( Momentum( ParamField( "Field" ), Param("Period", 10, 1, 100 ) ),
_DEFAULT_NAME(), ParamColor("Color", ColorCycle ) );