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[amibroker] Breakout - VIDYA & DIM



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Breakouts afford good buying opportunities.  A combination of VIDYA
and DMI yields some good result according to an article on this
subject (see below).  Has anyone developed an AFL along with
Exploration for this combined indicator?  If so a post would be most
appreciation. Thanks

Dick H.

"A combination of VIDYA and DMI may be used to identify when prices
have broken out and when the breakout has occurred with great
strength. To do so, a 1% band around VIDYA may be optimal. Whenever
the market closes above the upper band or below the lower band, we can
assume that prices have broken out in that direction. A close above
the upper band implies that prices will move higher, while a close
below the lower band implies prices will move lower. A more
conservative criterion could be called for, such as multiple closes
beyond the 1% bands, or insisting that the low be above the upper band
(or high below the lower band) to recognize a breakout."



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