Wave of Beauty - AFL for Amibroker

Wave of Beauty - AFL for Amibroker



This is a combination of 5-17, 5-35 and 10-70 classic oscillators based on Weighted Moving average and trend strength. Use it for buy and sell signals.

_SECTION_BEGIN("Wave of Beauty");

C1=WMA(H+L+C/3,5);
C2=WMA(H+L+C/3,35);
C3=C1-C2;

XPLUS=IIf(C3>0,C3,0);
XMINUS=IIf(C3<0,C3,0);
C4=EMA(XPLUS,40);
C5=EMA(XMINUS,40);
C6=C4+HHV(C4,30)*0.02;
C7=C4-HHV(C4,30)*0.02;

C8=C5+HHV(C5,30)*0.02;
C9=C5-HHV(C5,30)*0.02;

//PlotOHLC(C6,C6,C7,C7,"",colorBlue,styleCloud|styleNoLabel);
//PlotOHLC(C8,C8,C9,C9,"",colorRed,styleCloud|styleNoLabel);

Colorm=IIf(C3>Ref(C3,-1),colorSkyblue,colorDarkBlue);
Plot(C3,"535",Colorm,styleHistogram|styleNoLabel);
PlotOHLC(0,C3,0,0,"535",Colorm,styleCloud|styleNoLabel);

a1=WMA(H+L+C/3,5);
a2=WMA(H+L+C/3,17);
a3=a1-a2;

Colorm=IIf(a3>Ref(a3,-1),colorRed,colorDarkRed);
Plot(a3,"517",Colorm,styleHistogram|styleNoLabel);
PlotOHLC(0,a3,0,0,"517",Colorm,styleCloud|styleNoLabel);

b1=WMA(H+L+C/3,10);
b2=WMA(H+L+C/3,70);
b3=b1-b2;

Colorm=IIf(b3>Ref(b3,-1),colorGreen,colorDarkGreen);
Plot(b3,"1070",Colorm,styleHistogram|styleNoLabel);
PlotOHLC(0,b3,0,0,"1070",Colorm,styleCloud|styleNoLabel);


_SECTION_END();

_SECTION_BEGIN("trending ribbon");
uptrend=PDI()>MDI()AND Signal()<MACD();
downtrend=MDI()>PDI()AND Signal()>MACD();


Plot( 2, /* defines the height of the ribbon in percent of pane width */"ribbon",
IIf( uptrend, colorGreen, IIf( downtrend, colorRed, 0 )), /* choose color */
styleOwnScale|styleArea|styleNoLabel, -0.5, 100 );

_SECTION_END();