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WiseTrader Toolbox
#1 Selling Amibroker Plugin featuring:
Air Bag for Amibroker (AFL)
Very useful for one Minute chart Inra-Nick Protection “Air Bag”
“Each time frame breaks down to approximately one-fifth of the next higher time frame AND approximately five times the next lower time frame. We place the air bag one tick above/below the High/Low of the Second bar back on one significantly higher time frame (OR the next bar further back that has both a higher High AND a higher Low OR a lower High AND a lower Low).This is our air bag protection. Its purpose is to protect us against a drunken market that is moving against us. Remember, it is NOT necessarily an entry Signal; it is protection against major losses. if your air bag is a High, it is telling you that you do NOT want to be Short if the market reaches that number. If your air bag is a Low, it is telling you that you do NOT want to be long if the market goes down to that number.
Screenshots
Similar Indicators / Formulas
Indicator / Formula
1 2 3 4 5 6 7 8 9 10 11 12 13 | _SECTION_BEGIN("AirBag");AB1=IIf(Ref(H,-1)>H,((Ref(H,-1)-H)/5)+H,(H-Ref(H,-1))/5+H);AB2=IIf(Ref(L,-1)>L,((Ref(L,-1)-L)/5)+L,(L-Ref(L,-1))/5+L);Plot (AB1,"AB1", colorGreen);Plot (AB2,"AB2", colorAqua);PlotOHLC(O,H,L,C,"Airbag",colorRed, styleCandle );Title = Name() +" ("+ FullName()+ ") - "+" O="+O+", H="+H+", L="+L+",C="+C+"\nDate:"+Date() +"\n AB1="+Ab1+"\n AB2="+Ab2+"\nVolume="+Volume/10+"\n";_SECTION_END(); |
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