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#1 Selling Amibroker Plugin featuring:
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Stop Loss Indicator for Amibroker (AFL)
Rating:
2 / 5 (Votes 3)
Tags:
amibroker, stop loss
Includes 3 different stop losses in the one indicator: Fixed, Chandelier and Modified ATR. To use it you just need to change the starting date to when you entered your trade and the stop loss will be plotted.
Source: Here
Screenshots
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Indicator / Formula
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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 | Version( 5.20 ); // requires v5.20SetBarsRequired( sbrAll );// get start dateStart = Cross( DateNum(), ParamDate( "Start date", "2005-10-30" ) );Started = Flip( Start, 0 );StopMode = ParamList( "Stop Mode", "Fixed|Chandelier|Modified ATR" );StopLevel = Param( "Fixed perc %", 14, 0.1, 50, 0.1 ) / 100;StopATRFactor = Param( "ATR multiple", 4, 0.5, 10, 0.1 );StopATRPeriod = Param( "ATR period", 14, 3, 50 );// calculate support and resistance levelsif ( StopMode == "Fixed" ) // fixed percent trailing stop{ sup = C * ( 1 - stoplevel ); res = C * ( 1 + stoplevel );}else{ // Chandelier ATR-based stop if ( StopMode == "Chandelier" ) { sup = C - StopATRFactor * ATR( StopATRPeriod ); res = C + StopATRFactor * ATR( StopATRPeriod ); } else { HL = H - L; MAHL = 1.5 * MA( HL, StopATRPeriod ); HiLo = IIf( HL < MAHL, HL, MAHL ); H1 = Ref( H, -1 ); L1 = Ref( L, -1 ); C1 = Ref( C, -1 ); Href = IIf( L <= H1, H - C1, ( H - C1 ) - ( L - H1 ) / 2 ); Lref = IIf( H >= L1, C1 - L, ( C1 - L ) - ( L1 - H ) / 2 ); diff1 = Max( HiLo, HRef ); diff2 = Max( diff1, LRef ); ATRmod = Wilders( diff2, StopATRPeriod ); sup = C - StopATRFactor * ATRmod ; res = C + StopATRFactor * ATRmod ; }}// calculate trailing stop linetrailARRAY = Null;trailstop = 0;for ( i = 1; i < BarCount; i++ ){ if ( Started[ i ] == 0 ) continue; if ( C[ i ] > trailstop AND C[ i - 1 ] > trailstop ) trailstop = Max( trailstop, sup[ i ] ); else if ( C[ i ] < trailstop AND C[ i - 1 ] < trailstop ) trailstop = Min( trailstop, res[ i ] ); else trailstop = IIf( C[ i ] > trailstop, sup[ i ], res[ i ] ); trailARRAY[ i ] = trailstop;}// generate buy/sell signals based on crossover with trail stop lineBuy = Start OR Cross( C, trailArray );Sell = Cross( trailArray, C );PlotShapes( Buy*shapeUpArrow, colorGreen, 0, trailarray );PlotShapes( Sell*shapeDownArrow, colorRed, 0, trailarray );Plot( Close, "Price", colorBlack, styleBar );//SetBarFillColor( colorYellow );Plot( trailARRAY, "trailing stop level", colorRed, styleLine ); |
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Hi Admin,
I am only getting proce bars – no stop loss line even after changing the date.
Plaese advise.
Thanks
Amruta
Hello did you change the parameters to the correct starting date and picked a trailing stop loss like chandelier?
screenshot and afl is diffrant
Hello worldastro, that screen-shot was made using this formula. You need to adjust the parameters that’s all.
dear sir how can i convert this formula in gci or broker trader ,plz help me