📄 elder's market thermometer.afl
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//------------------------------------------------------------------------------
//
// Formula Name: Elder's Market Thermometer
// Author/Uploader: Noor_Doodie
// E-mail: muhd.noor.sn@gmail.com
// Date/Time Added: 2006-02-23 12:04:31
// Origin:
// Keywords:
// Level: medium
// Flags: indicator
// Formula URL: http://www.amibroker.com/library/formula.php?id=594
// Details URL: http://www.amibroker.com/library/detail.php?id=594
//
//------------------------------------------------------------------------------
//
// Juast another ad on to ur evergrowing Elder Library. Hope this works for
// you guys, tweak it if you need to.
//
//------------------------------------------------------------------------------
_SECTION_BEGIN("Market Thermometer");
H1 = Ref(H, -1);
L1 = Ref(L, -1);
T = IIf(H<H1 AND L>L1, 0, IIf(H-H1>L1-L, H-H1, L1-L));
Val1 = H-H1;
Val2 = L1-L;
Val = IIf(Val1>Val2, Val1, Val2) ;
Avgval = Median(Val, 22);
color= IIf (Val < Avgval, colorBlue, IIf(Val >= Avgval AND Val < Avgval * 3, colorViolet, IIf(Val > Avgval * 3, colorOrange, colorViolet)));
Plot(T, _DEFAULT_NAME(), color, styleHistogram | styleThick);
P = ParamField("Price field",-1);
Periods = Param("Periods", 22, 2, 200, 1, 10 );
Plot( EMA( P, Periods ), "EMA 22", colorGreen, styleThick);
_SECTION_END();
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