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WiseTrader Toolbox
#1 Selling Amibroker Plugin featuring:
Three Line Net Bar And Tendency for Amibroker (AFL)
Trading system based on five criteria for defining trend of two famous Brazilian trades: Leandro Ruschel and Alexander Wolwacz “Stormer” (*), including the Three Line Net Bar of Joseph B. Stowell.
Trading system created to exemplify the five criteria. I do not recommend its use.
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Similar Indicators / Formulas
Indicator / Formula
///////////////////////////////////////////////////////////////////////////////// // FRACTAL - Peak and Though ///////////////////////////////////////////////////////////////////////////////// PH1= ValueWhen( (Ref(H,-2) > Ref(H, -4)) AND (Ref(H,-2) > Ref(H, -3)) AND (Ref(H,-2) > Ref(H, -1)) AND (Ref(H,-2) > H), Ref(H,-2)); PL1= ValueWhen( (Ref(L,-2) <= Ref(L, -4)) AND (Ref(L,-2) <= Ref(L, -3)) AND (Ref(L,-2) <= Ref(L, -1)) AND (Ref(L,-2) <= L), Ref(L,-2)); PH2= ValueWhen( (Ref(H,-2) > Ref(H, -4)) AND (Ref(H,-2) > Ref(H, -3)) AND (Ref(H,-2) > Ref(H, -1)) AND (Ref(H,-2) > H), Ref(H,-2),2); PL2= ValueWhen( (Ref(L,-2) <= Ref(L, -4)) AND (Ref(L,-2) <= Ref(L, -3)) AND (Ref(L,-2) <= Ref(L, -1)) AND (Ref(L,-2) <= L), Ref(L,-2),2); TendLong = (PL1 > PL2 AND PH1 > PL1 AND C>PL1); TendShrt = (PH1 < PH2 AND PL1 > PH1 AND C<PH1); ///////////////////////////////////////////////////////////////////////////////// // THREE LINE NET BAR - Joseph Stowell ///////////////////////////////////////////////////////////////////////////////// _SECTION_BEGIN("Three Line Net Bar"); NetBarPeriod = Param("3Line Net Bar Period",13,5,30,1); function ThreeLineUp() { H2[0] = result[0] = 0; for (i = 10; i < BarCount; i++) { for (j = 1; j < i; j++) if((H[i-j]>H[i])) {H2[i] = H[i-j]; break;} for (j = 1; j < i; j++) if((H[i-j]>H2[i])) {result[i] = H[i-j]; break;} } return result; } function ThreeLineDn() { L2[0] = result[0] = 0; for (i = 10; i < BarCount; i++) { for (j = 1; j < i; j++) if((L[i-j]<L[i])) {L2[i] = L[i-j]; break;} for (j = 1; j < i; j++) if((L[i-j]<L2[i])) {result[i] = L[i-j]; break;} } return result; } LineDn = ValueWhen(H==HHV(H,NetBarPeriod),ThreeLineDn(),1); LineUp = ValueWhen(L==LLV(L,NetBarPeriod),ThreeLineUp(),1); Hlv = IIf(C>LineDn,1,IIf(C<LineUp,-1,0)); Hlv = ValueWhen(Hlv!=0,Hlv,1); ThreeLineNetBar = IIf(Hlv==1,LineDn,LineUp); _SECTION_END(); ///////////////////////////////////////////////////////////////////////////////// // MOVING AVERAGE ///////////////////////////////////////////////////////////////////////////////// TendencyCritery = ParamList("Tendency System","Stormer|Leandro"); if (TendencyCritery == "Stormer" ) { Plot(EMA(C,9),"EMA(9)",colorBlue,styleThick); Plot(EMA(C,21),"EMA(21)",colorRed,styleThick); Plot(ThreeLineNetBar, "3Line Net Bar", ParamColor("Color",colorRed),ParamStyle("Style",styleDashed)); } if (TendencyCritery == "Leandro" ) { Plot(MA(C,21),"MA(21)",colorBlue,styleThick); Plot(MA(C,50),"MA(50)",colorRed,styleThick); Plot(MA(C,200),"MA(200)",colorOrange,styleThick); } ///////////////////////////////////////////////////////////////////////////////// // RIBBON - Tendency Indicator ///////////////////////////////////////////////////////////////////////////////// _SECTION_BEGIN("trending ribbon"); global points; function bgColorPerc(P) { return ColorRGB(255-(P/100)*255,(P/100)*255,0); } if (TendencyCritery == "Stormer") Points = IIf(C>EMA(C,9),1,0)+(EMA(C,9)>EMA(C,21))+(EMA(C,21)>Ref(EMA(C,21),-1))+TendLong+IIf(C>ThreeLineNetBar,1,0); else Points = IIf(C>MA(C,21),1,0)+(MA(C,21)>MA(C,50))+(MA(C,50)>MA(C,200))+(MA(C,21)>Ref(MA(C,21),-1))+TendLong; ColorNumber = (Points/5)*100; Plot( 2, "", bgColorPerc(ColorNumber), styleOwnScale|styleArea|styleNoLabel, -0.5, 100 ); _SECTION_END(); _SECTION_BEGIN("Title"); SetChartOptions(0,chartShowDates|chartShowArrows|chartLogarithmic|chartWrapTitle); _N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ))+"\n"+ EncodeColor(colorBlue)+"Tendency: "+EncodeColor(colorBlack)+WriteIf(Points==5,"Strong Buy",WriteIf(Points==4,"Buy",WriteIf(Points==3,"Hold",WriteIf(points==0,"Strong Sell","Sell"))))); Plot(C,"",ParamColor("color",colorBlack),styleCandle); _SECTION_END(); /////////////////////////////////////////////////////////////////////// // GRAFICO - Background Text /////////////////////////////////////////////////////////////////////// _SECTION_BEGIN("Background text"); SetChartOptions(0,chartShowArrows|chartShowDates); C11=ParamColor("up panel",colorAqua ); C12=ParamColor("dn panel",colorDarkGrey ); C13=Param("fonts",20,10,30,1 ); C14=Param("left-right",2.1,1.0,5.0,0.1 ); C15=Param("up-down",12,1,20,1 ); Miny = Status("axisminy"); Maxy = Status("axismaxy"); lvb = Status("lastvisiblebar"); fvb = Status("firstvisiblebar"); pxwidth = Status("pxwidth"); pxheight = Status("pxheight"); GfxSetBkMode( 0 ); GfxSetOverlayMode(1); GfxGradientRect(0,0,pxwidth, pxheight, C11, C12 ); GfxSelectFont("Tahoma", Status("pxheight")/C13 ); GfxSetTextAlign( 6 ); GfxTextOut( Name(), Status("pxwidth")/C14, Status("pxheight")/C15 ); GfxSelectFont("Tahoma", Status("pxheight")/C13*0.5 ); GfxTextOut( "From Brazil", Status("pxwidth")/C14, Status("pxheight")/C15*2.5 ); GfxSelectFont("Tahoma", Status("pxheight")/C13*0.5 ); GfxTextOut( "htt://wisestocktrader.com", Status("pxwidth")/C14, Status("pxheight")/C15*4 ); _SECTION_END(); ////////////////////////////////////////////////////////////////////////// // TRADING SYSTEM ///////////////////////////////////////////////////////////////////////// Buy = (Points > 3); Sell = (Points < 3); Buy = ExRem(Buy,Sell); Sell = ExRem(Sell,Buy); PlotShapes( Buy* shapeUpArrow, IIf( Buy, colorGreen, colorRed ), 0, IIf( Buy,Low, High) ); PlotShapes( Sell* shapeDownArrow, IIf( Buy, colorGreen, colorRed ), 0, IIf( Buy,Low, High) ); /////////////////////////////////////////////////////////////////////////// // EXPLORER /////////////////////////////////////////////////////////////////////////// AddColumn(Close,"Close",1.2); AddColumn((V/MA(V,20))*100,"Vol (%)",1.2); AddColumn(Points,"Force Tendency",1.0, colorDefault, bgColorPerc((Points/5)*100)); Filter = MA(V,20)>(C*5000);
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