Chande Momentum
Amibroker AFL can be employed to calculate and analyze Chande Momentum, a powerful indicator for assessing price momentum. By utilizing Amibroker data, traders can gain insights into the strength of a trend and make informed trading decisions based on this momentum information.
_SECTION_BEGIN("Price");
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 ) ) ));
Plot( C, "Close", ParamColor("Color", colorDefault ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() );
_SECTION_END();