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Popular Indicators

EMA System Ribbon for Amibroker (AFL)

3 / 5 (Votes 3)

This is a simple program to demonstrate that how to visualize your strategy using Amibroker Ribbon function. The purpose is to visualise how long a buy or sell signal holds.
Steps Involved in Building the code
1)Plot the EMA3/EMA23
2)Buy or Sell Condtion i.e Buy = 3EMA>21EMA and Sell=3EMA<21EMA
3)Plot Arrows on the chart Green Arrow = Buy Signal and Red Arrow = Sell signal
4)Plot the Ribbon. Green Ribbon indicates the length of the Buy signal and Red indicates the sell signal

Now combining everything in one single AFL code

Here is a screenshot of how the indicator looks:
Ema-ribbon

Similar Formulas

Formula

2 Comments

Does not add any value really.

Try for 8-34 EMA FOR MORE GOOD RESULTS

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