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Search for Closing Price Reversal for Amibroker (AFL)

suratno over 15 years ago Amibroker (AFL)

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    3 / 5 (Votes 3)
  • Tags:
    reversal, trading system, amibroker

Based on a work of Larry Lovrencic – lvl@firstpacific.net

This is to find Closing Price Reversals using automatic analysis

Indicator / Formula

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/*Closing Price Reversals Automatic Analysis
by Larry Lovrencic*/

buy=O<(L+0.2*(H-L)) AND C>(H-0.2*(H-L)) AND H<ref(H,-1) AND L<ref(L,-1) AND
C>ref(C,-1);
sell=O>(L+0.8*(H-L)) AND C<(H-0.8*(H-L)) AND H>ref(H,-1) AND L>ref(L,-1) AND
C<ref(C,-1);

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