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S/R type code for Amibroker (AFL)

3 / 5 (Votes 6)

code written while answering a question on Amibroker Yahoo board. Posted here mainly to exchange AFL coding skills and not sure if it will make you any money. Code has 2 modes of displaying S/R levels based on fractal pivots. Further multiple time frames can be used, meaning when you display 1 hour data you can set the time frame in the parameter window to e.g. 120 min so the pivots are calculated using the 2 hour time frame. Play with the parameter window a bit to see what it does.

Here is a screenshot of how the indicator looks:

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1. lemefr

Great S/R code! Thank you very much… trying to use it in Daily Time Frame…I think it’s ok…

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