Re: Rainbow charts and oscillator

[ajf1111@xxxx]

hello;

due to the wrap of the 2 attachments, just a note, the Rainbow 
oscillator starts where it says ; maxgraph = 16; 
also, they should not be plotted in the same chart window, unless 
someone knows how to do it. I tried but did not work,

The Oscillator is a good visual aid, to help determine the long term 
trend of the market.

Anthony 


--- In amibroker@xxxx, Anthony Faragasso <ajf1111@xxxx> wrote:
> hi everyone;
> 
> here are my interpretations of the Rainbow charts and Rainbow
> Oscillator from
> the Jully 1997 TASC Traders Tips.
> 
> Anthony
> 
> /* Rainbow Charts */
> 
> 
> maxgraph = 15;
> 
> graph0 = close;
> graph1 = Ma(C,2);
> graph2 = Ma(Ma(C,2),2);
> graph3 = Ma(Ma(Ma(C,2),2),2);
> graph4 = Ma(Ma(Ma(Ma(C,2),2),2),2);
> graph5 = Ma(Ma(Ma(Ma(Ma(C,2),2),2),2),2);
> graph6 = Ma(Ma(Ma(Ma(Ma(Ma(C,2),2),2),2),2),2);
> graph7 = Ma(Ma(Ma(Ma(Ma(Ma(Ma(C,2),2),2),2),2),2),2);
> graph8 = Ma(Ma(Ma(Ma(Ma(Ma(Ma(Ma(C,2),2),2),2),2),2),2),2);
> graph9 = Ma(Ma(Ma(Ma(Ma(Ma(Ma(Ma(Ma(C,2),2),2),2),2),2),2),2),2);
> graph10 = 
Ma(Ma(Ma(Ma(Ma(Ma(Ma(Ma(Ma(Ma(C,2),2),2),2),2),2),2),2),2),2);
> 
> graph0style =128;
> 
graph1style=graph2style=graph3style=graph4style=graph5style=graph6styl
e=graph7style=graph8style=graph9style=graph10style = 1;
> graph0color = 2;
> graph1color = 3;
> graph2color = 5;
> graph3color =7;
> graph4color = 6;
> graph5color =15;
> graph6color = 8;
> graph7color =16;
> graph8color = 10;
> graph9color = 11;
> graph10color = 12;
> 
> title=name() + " Rainbow Charts " + " Today's Close : " +"(" 
+writeval(close,format=1.2)+")" +" Change from Yesterday : " 
+"("+writeval(close - ref(close,-1)) +")";
> 
> maxgraph =16;
> 
> 
> 
> avg1= Max (Ma(C,2),
> Max (Ma(Ma(C,2),2),
> Max (Ma(Ma(Ma(C,2),2),2),
> Max (Ma(Ma(Ma(Ma(C,2),2),2),2),
> Max(Ma(Ma(Ma(Ma(Ma(C,2),2),2),2),2),
> Max(Ma(Ma(Ma(Ma(Ma(Ma(C,2),2),2),2),2),2),
> Max(Ma(Ma(Ma(Ma(Ma(Ma(Ma(C,2),2),2),2),2),2),2),
> Max(Ma(Ma(Ma(Ma(Ma(Ma(Ma(Ma(C,2),2),2),2),2),2),2),2),
> 
Max(Ma(Ma(Ma(Ma(Ma(Ma(Ma(Ma(Ma(C,2),2),2),2),2),2),2),2),2),
> 
Ma(Ma(Ma(Ma(Ma(Ma(Ma(Ma(Ma(Ma(C,2),2),2),2),2),2),2),2),2),2))))))))))
;;;;;;;;;
> 
> 
> 
> avg2 = Min(Ma(C,2),
> Min(Ma(Ma(C,2),2),
> Min(Ma(Ma(Ma(C,2),2),2),
> Min(Ma(Ma(Ma(Ma(C,2),2),2),2),
> Min(Ma(Ma(Ma(Ma(Ma(C,2),2),2),2),2),
> Min(Ma(Ma(Ma(Ma(Ma(Ma(C,2),2),2),2),2),2),
> Min(Ma(Ma(Ma(Ma(Ma(Ma(Ma(C,2),2),2),2),2),2),2),
> Min(Ma(Ma(Ma(Ma(Ma(Ma(Ma(Ma(C,2),2),2),2),2),2),2),2),
> 
Min(Ma(Ma(Ma(Ma(Ma(Ma(Ma(Ma(Ma(C,2),2),2),2),2),2),2),2),2),
> 
Ma(Ma(Ma(Ma(Ma(Ma(Ma(Ma(Ma(Ma(C,2),2),2),2),2),2),2),2),2),2))))))))))
;;;;;;;;;;
> 
> /* Rainbow Oscillator */
> 
> graph0 = 100 * (CLOSE - ((Ma(C,2)+
> Ma(Ma(C,2),2)+
> Ma(Ma(Ma(C,2),2),2) + Ma(Ma(Ma(Ma(C,2),2),2),2) 
+
> Ma(Ma(Ma(Ma(Ma(C,2),2),2),2),2) +
> Ma(Ma(Ma(Ma(Ma(Ma(C,2),2),2),2),2),2) + 
> Ma(Ma(Ma(Ma(Ma(Ma(Ma(C,2),2),2),2),2),2),2)+
> 
Ma(Ma(Ma(Ma(Ma(Ma(Ma(Ma(C,2),2),2),2),2),2),2),2)+
> 
Ma(Ma(Ma(Ma(Ma(Ma(Ma(Ma(Ma(C,2),2),2),2),2),2),2),2),2)+
> 
Ma(Ma(Ma(Ma(Ma(Ma(Ma(Ma(Ma(Ma(C,2),2),2),2),2),2),2),2),2),2))
> /10))/(HHV(C,10)-LLV(C,10));
> 
> 
> 
> /* Lower Rainbow Band */
> 
> graph1 = -100 *( avg1 - avg2) /
> (HHV(C,10) - LLV(C,10));
> 
> /* Upper Rainbow Band */
> 
> graph2 = 100 * (avg1 - avg2) /
> (HHV(C,10) - LLV(C,10));
> 
> graph0style = 3;
> graph2style = graph1style = 1;
> graph2color = graph1color =3;
> graph3 = 0;
> graph3color =8;
> 
> downbar =graph0 <ref( graph3,-1);
> upbar = graph0 > ref(graph3,-1);
> barcolor = IIF( downbar,4, IIF( upbar, 6, 0 ) );
> graph0barcolor = ValueWhen( barcolor != 0, barcolor );
> 
> 
> title = name() +" Rainbow Oscillator : "+writeval(graph0,format=1.2) 
+" % ";