AccuTrack Indicator

AccuTrack Indicator: This is the QuantShare version of the AmiBroker script for the Investor's FastTrack AccuTrack indicator. Note this the AmiBroker version is not a perfect duplication of the actual Investor's FastTrack version which goes from -100 to +100. However, it is a very close approximation. This version uses a fast EMA period = 6 and a slow EMA period = 24.

The AccuTrack Indicator compares the performance of the active chart symbol to the performance of another "index" symbol. In this script, performance is compared to a cash proxy, SHY. You want to be long the active symbol when it is "outperforming" cash (AccuTrack > 0) and be short or in cash when the active symbol is "underperforming cash (AccuTrack < 0).

The plot of the standard AccuTrack() function is a bit mundane. I spiced up my display by plotting the chartBar version and making the color green when the Indicator is above 0 and plotted a black horizontal line at the Threshold = 0:

// Plot multicolor histogram with Green when AccuTrack > 0
plot(AT, 'AccuTrack', colorRed, ChartBar, StyleSymbolNone);
UpdateColor(AT > 0, colorGreen);
plot(0. 'Threshold', colorBlack, ChartLine, StyleSymbolNone);

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