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WiseTrader Toolbox
#1 Selling Amibroker Plugin featuring:
Mean band for Amibroker (AFL)
You can buy a stock when candle stick is above the band and in similar way u can sell when the candle stick is below the band…it is really a helpful AFL….
Screenshots
Similar Indicators / Formulas
Indicator / Formula
_SECTION_BEGIN("Mean Band"); function SteBand( array, periods,number, upper ) { Lr = LinearReg( array, periods ); se = StdErr( array, periods ); return LR + IIf( upper, 1, -1 ) * number * se; } Periods = Param("Standard Error", 80, 1, 100, 1); Smooth = Param("Mean Smoothness",14,2,100,1); number = Param("StdErrNo", 1, 0.2, 3.0,0.2); parmCloudColor = ParamColor("Cloud Color", ColorRGB( 40,40,40) ); UStdErrBand = SteBand( C, Periods, number, True ); LStdErrBand = SteBand( C, Periods, number, False ); MStdErrBand = (UStdErrBand + LStdErrBand )/2; Plot( MA(UStdErrBand,smooth), "UpperBand ", colorDarkRed,styleLine ); Plot( MA(LStdErrBand,smooth), "LowerBand ", colorDarkRed,styleLine ); Plot( MA(MStdErrBand,smooth) , "MidBand", colorPlum , styleDashed ); Plot( Close, "Close", colorBlack, styleCandle ); PlotOHLC( MA(UStdErrBand,smooth), MA(UStdErrBand,smooth), MA(LStdErrBand,smooth) , MA(LStdErrBand,smooth) , "", parmCloudColor, styleCloud | styleNoLabel); _SECTION_END();
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