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WiseTrader Toolbox
#1 Selling Amibroker Plugin featuring:
The Quest For Reliable Crossovers for Amibroker (AFL)
when faster moving average positively crosses the slower moving average then candlestick become green and instantly buy signal generated by the afl and similarly sell signal given when it is negative…..
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Indicator / Formula
_SECTION_BEGIN("The Quest For Reliable Crossovers"); function ZeroLagTEMA( array, period ) { TMA1 = TEMA( array, period ); TMA2 = TEMA( TMA1, period ); Diff = TMA1 - TMA2; return TMA1 + Diff ; } ///////////////////// // Heikin-Ashi code HaClose = (O+H+L+C)/4; HaOpen = AMA( Ref( HaClose, -1 ), 0.5 ); HaHigh = Max( H, Max( HaClose, HaOpen ) ); HaLow = Min( L, Min( HaClose, HaOpen ) ); // Velvoort is using not original, but modified Heikin-Ashi close HaClose = ( HaClose + HaOpen + HaHigh + HaLow )/4; // you can switch between Heikin-Ashi chart and regular candlestick chart if( ParamToggle("Plot Heikin-Ashi", "No,Yes", 1 ) ) PlotOHLC( HaOpen, HaHigh, HaLow, HaClose, "Heikin Ashi " + Name(), colorRose, styleCandle ); else Plot( C, "Regular candles " + Name(), colorRose, styleCandle ); period = Param("Avg. TEMA period", 55, 1, 100 ); ZLHa = ZeroLagTEMA( HaClose, period ); ZLTyp = ZeroLagTEMA( Avg, period ); Plot( ZLHa, "ZLTema(Ha,"+period+")", colorRed ); Plot( ZLTyp, "ZLTema(Typ,"+period+")", colorGreen ); Buy = Cross( ZLTyp, ZLHa ); Sell = Cross( ZLHa, ZLTyp ); PlotShapes( shapeUpArrow * Buy, colorGreen, 0, HaLow ); PlotShapes( shapeDownArrow * Sell, colorRed, 0, HaHigh ); _SECTION_END();
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