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Can someone explain how to use this indicator? is it
oversold/overbought indicator? Thanks
--- In amibroker@xxxxxxxxxxxxxxx, Natasha M S
<dynomitedoll_ddd@xxxx> wrote:
>
>
> Eugene <eugenecpinto@xxxx> wrote:
>
> Has anyone coded this indicator and would like to share?
>
> Thanks
>
> ***************************************
>
> Code for Vidya:
>
> Length=21;
> Smooth=5;
>
> Change = C - Ref( C, -1 );
> SU = Sum( C - Ref( C, -1 ) > 0, Length );
> SD = Sum( C - Ref( C, -1 ) < 0, Length );
> CMO = 100 * ( SU - SD ) / ( SU + SD );
>
> AbsCMO=( abs(CMO) )/100;
>
> SC=2/(Smooth+1);
>
> VIDYA=AMA( C, SC*AbsCMO );
>
> Plot( Close, "Price", 4, 64 );
> Plot( VIDYA, "Vidya", 5 );
>
>
> Just for your info: Vidya in our lang means " Knowledge ".
>
> and Tushar means "fountain"
>
> Have fun.
>
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> Warm regards,
> Natasha !
>
>
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>
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