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OHLC indicator for Amibroker (AFL)

4 / 5 (Votes 2)

This indicator should be used only for intraday trading. It is very simple. As soon as the price crosses 0.5% on upper side from previous close just buy. And if the price crosses 0.5% on the down side from previous close initiate short.

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Formula

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3 Comments

Many thanks.

formula is showing error 54 please correct it

Add “n” before Low, High & PCL

-----------------------------
"\Low :" +WriteVal(Daylow);
"\High :" +WriteVal(Dayhigh);
"\PCL :" +WriteVal(Dayc);
----------------------------

Replace above lines with below lines:

--------------------------------------
"\nLow :" +WriteVal(Daylow);
"\nHigh :" +WriteVal(Dayhigh);
"\nPCL :" +WriteVal(Dayc);
-------------------------------------

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