This is the AO oscillator used in the Alligator trading system
important indicator for long time traders or invester along with
Code Here Afl
/* Exploration, System and Indicator
/Z*Author: Steve Wiser
Email address: slwiserr@erols.com
May 5, 2001 */
outsidebar = Outside();
insidebar = H <= Ref(H,-1) AND L >= Ref(L,-1);
upbar = H > Ref(H,-1) AND L >= Ref(L, -1);
downbar = L < Ref(L,-1) AND H <= Ref(H,-1);
barcolor=IIf(outsidebar, 1,
IIf(downbar, 4,
IIf(upbar, 5,
IIf(insidebar,6, 0 ) ) ) );
/*barcolor=
iif(outsidebar, 1, iif(downbar, 4, iif(upbar,5, 0) ) );*/
var1=MA( Avg, 34);
var2=MA( Avg,5);
Graph0=var2-var1;
Graph0Style=2+4;
Graph1=Wilders(var2-var1,5);
Graph1Style=4+1;
Graph0BarColor=Barcolor;
There is a substantial risk of loss associated with trading in Stock Markets. Losses can and will occur. No responsibility for loss occurred to any person acting or refraining to act as a result of using the AFL written by their respective creators and published in this Blog for sharing of knowledge can be accepted by the Blog owner.EDUCATIONAL PURPOSE ONLY. IF u have a problem then u create anything we will follow you before complaint anything entire blog contents.
There is a substantial risk of loss associated with trading in Stock Markets. Losses can and will occur. No responsibility for loss occurred to any person acting or refraining to act as a result of using the AFL written by their respective creators and published in this Blog for sharing of knowledge can be accepted by the Blog owner.EDUCATIONAL PURPOSE ONLY. IF u have a problem then u create anything we will follow you before complaint anything entire blog contents.
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