The perfect oversold and overbought zones - aflcode.com | Latest collection of Amibroker afl 2023

The perfect oversold and overbought zones
//www.aflcode.com
_SECTION_BEGIN("Chart Display");

SetChartBkGradientFill( ParamColor("Inner panel upper",colorBlack),ParamColor("Inner panel lower",colorBlack));

GraphXSpace = 28;
SetBarsRequired( 1,1); 
Param_systemTitle = ParamStr("System Title?","The Volume Bigot");
if(ParamToggle("Show System Title?","No|Yes",1))

periods = Param("Periods", 34, 1, 200, 1 ) ; 

BulldayVol= ( Sum( IIf( C>=Ref(C,-1), V, 0), periods)) / periods ;
BeardayVol= ( Sum( IIf( Ref(C,-1)>=C, V, 0), periods)) / periods ;

TheVolumeBigot= 100-(100/(1+(BulldayVol/BearDayVol)))-50;

Plot(TheVolumeBigot," THE VOLUME BIGOT ",28,4+styleNoLabel);

Colour= IIf(TheVolumeBigot>0,8,4);
Plot( TheVolumeBigot,"",Colour,2);

Plot(0,"",colorGrey50,styleNoLabel); 

Plot(10,"",colorGrey50); Plot(-10,"",colorGrey50);
Plot(20,"",colorGrey50); Plot(-20,"",colorGrey50);
_SECTION_END();

_SECTION_BEGIN("Title");

Title = EncodeColor(29)+  Title = Name() + "     " + EncodeColor(32) + Date() +
"      " + EncodeColor(5) + "{{INTERVAL}}  " +
 EncodeColor(16)+ "     Open = "+ EncodeColor(46)+ WriteVal(O) + 
 EncodeColor(16)+ "     High = "+ EncodeColor(46) + WriteVal(H) +
 EncodeColor(16)+ "      Low = "+ EncodeColor(46)+ WriteVal(L) + 
 EncodeColor(16)+ "    Close = "+ EncodeColor(46)+ WriteVal(C)+
 EncodeColor(16)+ "    Volume = "+ EncodeColor(46)+ WriteVal(V,1.0) +
      "\n" +"\n" +EncodeColor(46)+"THE VOLUME BIGOT" + EncodeColor(52);

_SECTION_END();