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Re: New Formula added to AFL Library



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Dear Anthony,
Nice to see your formula in AFL Library.
The phenomenon you describe is called %R Divergence and the relative 
code is in #2182 of this mail-list. You could add full details to 
your formula to make it better.
Dimitris Tsokakis
--- In amibroker@xxxx, ajf1111@xxxx wrote:
> Hello, everyone,
> 
> I've added a new formula to the AFL library.
> 
> ***** An interesting phenomena of the %R indicator is its uncanny 
> ability to anticipate a reversal in the security's price.
> 
> The indicator almost always forms a peak an turns down a few days
> before the security's price peaks and turns down. Likewise, it
> usually creates a trough and turns up a few days before the 
security's 
> price turns up.
> 
> 
> Best Wishes,
> Anthony.