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RE: [amibroker] Re: Expanded Aroon Indicator



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Many thanks to DT for a creative modification to the Aroon that I was
asking for.  Thanks also to Corey and Fred, who wrote first showing the
simple HHVBars function that makes this all so easy to write.

Now to play with this indicator to see if it has as much to offer as
that author of the piece in the Ensign Newsletter seemed to think it
does.

Ken

-----Original Message-----
From: DIMITRIS TSOKAKIS [mailto:TSOKAKIS@xxxxxxxxx] 
Sent: Tuesday, September 28, 2004 2:28 AM
To: amibroker@xxxxxxxxxxxxxxx
Subject: [amibroker] Re: Expanded Aroon Indicator

Example:
The Aroonup period will vary from 9  to 19  according to the StochD() 
values.

//Variable period AroonUp line
per = 14;
AroonUp = 100 * (per - (HHVBars(H, per))) / per;
Plot(AroonUp,"AU",colorBlack,8);
x=floor((StochD()-50)/10);
Varper = 14-x;
VarAroonUp = 100 * (Varper - (HHVBars(H, Varper))) / Varper;
Plot(VarAroonUp,"VarAU["+WriteVal(Varper,1.0)+"]",colorWhite,8);
Varper1 = 14+x;
VarAroonUp1 = 100 * (Varper1 - (HHVBars(H, Varper1))) / Varper1;
Plot(VarAroonUp1,"VarAU1["+WriteVal(Varper1,1.0)+"]",colorRed,8);

The red line will be faster [the white will be slower] when the stock 
is oversold.
Dimitris
 

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