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Intraday Fibonacii Trend Break System for Amibroker (AFL)
Rating:
4 / 5 (Votes 10)
Tags:
amibroker, fibonacci, intraday
http://www.myinvestmentmanager.com
Author : Nishant Kulkarni (nishantndk@yahoo.com)
Intraday Fibonacii Trend Break System. This system is based on the double bottom and double top detection technique and fibonacii internal external by David K. A line joining two tops when connected together and another line joining bottom line is connected together and when both line extended forms a funnel and
a break outside gives very strong break out.
It is recomended to have Heikin Ashi plot bellow main price plot as confirmation. Big heikin ashi candles confirm price movement.
Note: Use 1 Hour or even 1 Day interval for best results. i.e. use 1 day as bar interval in intraday chart and even scan setting 1 day interval. Stay in the stock as long the price is outside triangular pattern.
Disclaimer – Trade with caution. Author does not take any responsibility. The system is to guide traders and does not guaranty any performance. The system is used in Indian market condition. For other markets, may need to be altered slightly. However I am personally using this system and booking profit, hence contributing
this formula for community as give back.
The system also makes use of Fibonacci Internal and External Retracements formula by David K.
Visit : http://www.myinvestmentmanager.com for investment tips in Indian market.
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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 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 | /*** http://www.myinvestmentmanager.comAuthor : Nishant Kulkarni (nishantndk@yahoo.com) Intraday Fibonacii Trend Break System. This system is based on the double bottom and double top detection technique and fibonacii internal external by David K. A line joining two tops when connected together and another line joining bottom line is connected together and when both line extended forms a funnel and a break outside gives very strong break out.It is recomended to have Heikin Ashi plot bellow main price plot as confirmation. Big heikin ashi candles confirm price movement.Note: Use 1 Hour interval for more stable results.Disclaimer – Trade with caution. Author does not take any responsibility. The system is to guide traders and does not guaranty any performance. The system is used in Indian market condition. For other markets, may need to be altered slightly. However I am personally using this system and booking profit, hence contributing this formula for community as give back.The system also makes use of Fibonacci Internal and External Retracements formula by David K.Visit : http://www.myinvestmentmanager.com for investment tips in Indian market. */_SECTION_BEGIN("INIT"); SetChartOptions(0,chartShowArrows|chartShowDates); fraction= IIf(StrRight(Name(),3) == "", 3.2, 3.2); tchoice=Param("Title Selection ",2,1,2,1); PlotCandle = ParamToggle("Plot Nifty Candle", "No,Yes", 0);_SECTION_END();_SECTION_BEGIN("Price"); _N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) Vol " +WriteVal( V, 1.0 ) +" {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 )) )); Plot( C, _DEFAULT_NAME(), colorBlack , styleNoTitle | ParamStyle("Style") | GetPriceStyle() ); _SECTION_END();_SECTION_BEGIN("Index_Compare"); IndexName = ParamList("IndexName ","^NSEI|^NSEBANK|^CNXIT|",0); PlotForeign(IndexName,_DEFAULT_NAME(),colorBrightGreen , styleNoTitle | styleOwnScale | styleLine | styleThick );_SECTION_END();_SECTION_BEGIN("BBands"); P = ParamField("Price field",-1); Periods = Param("Periods", 15, 2, 100, 1 ); Width = Param("Width", 2, 0, 10, 0.05 ); Color = ParamColor("Color", colorLightGrey ); Style = ParamStyle("Style", styleNoRescale | styleNoTitle | styleNoLabel | styleThick); BBTop = BBandTop( P, Periods, Width ); BBBot = BBandBot( P, Periods, Width ); BBMiddle = BBBot + ((BBTop-BBBot)/2); Plot(BBTop , "BBTop" + _PARAM_VALUES(), Color, Style ); Plot(BBBot, "BBBot" + _PARAM_VALUES(), Color, Style ); Plot(BBMiddle , "BBMiddle" + _PARAM_VALUES(), Color, Style ); _SECTION_END();_SECTION_BEGIN("Fib Retracements"); fibs = ParamToggle("Plot Fibs","Off|On",1); pctH = Param ("Pivot Hi %", 0.325,0.001,2.0,0.002); HiLB = Param ("Hi LookBack",1,1,BarCount-1,1); pctL = Param ("Pivot Lo %", 0.325,0.001,2.0,0.002); LoLB = Param ("Lo LookBack",1,1,BarCount-1,1); Back = Param ("Extend Left = 2",1,1,500,1); Fwd = Param("Plot Forward", 0, 0, 500, 1); text = ParamToggle("Plot Text","Off|On",1); hts = Param ("Text Shift", -33.5,-50,50,0.10); style =ParamStyle("Line Style",styleLine,styleNoLabel); x = BarIndex(); pRp = PeakBars( H, pctH, 1) == 0; yRp0 = LastValue(ValueWhen( pRp, H, HiLB)); xRp0 = LastValue(ValueWhen( pRp, x, HiLB)); pSp = TroughBars( L, pctL, 1) == 0; ySp0 = LastValue(ValueWhen( pSp, L, LoLB)); xSp0 = LastValue(ValueWhen( pSp, x, LoLB)); Delta = yRp0 - ySp0; function fib(ret) { retval = (Delta * ret); Fibval = IIf(ret < 1.0 AND xSp0 < xRp0, yRp0 - retval, IIf(ret < 1.0 AND xSp0 > xRp0, ySp0 + retval,IIf(ret > 1.0 AND xSp0 < xRp0, yRp0 - retval, IIf(ret > 1.0 AND xSp0 > xRp0, ySp0 + retval, Null)))); return FibVal; } x0 = Min(xSp0,xRp0)-Back; x1 = (BarCount -1); ////////////////////////////////////////////////////////////////// r236 = fib(0.236); r236I = LastValue (r236,1); r382 = fib(0.382); r382I = LastValue (r382,1); r050 = fib(0.50); r050I = LastValue (r050,1); r618 = fib(0.618); r618I = LastValue (r618,1); r786 = fib(0.786); r786I = LastValue (r786,1); e127 = fib(1.27); e127I = LastValue (e127,1); e162 = fib(1.62); e162I = LastValue (e162,1); e200 = fib(2.00); e200I = LastValue (e200,1); e262 = fib(2.62); e262I = LastValue (e262,1); e424 = fib(4.24); e424I = LastValue (e424,1); ////////////////////////////////////////////////////////////////// p00 = IIf(xSp0 > xRp0,ySp0,yRp0); p00I = LastValue (p00,1); p100 = IIf(xSp0 < xRp0,ySp0,yRp0); p100I = LastValue (p100,1); color00 =IIf(xSp0 > xRp0,colorLime,colorRed); color100 =IIf(xSp0 < xRp0,colorLime,colorRed); ////////////////////////////////////////////////////////////////// numbars = LastValue(Cum(Status("barvisible"))); fraction= IIf(StrRight(Name(),3) == "", 3.2, 3.2); ////////////////////////////////////////////////////////////////// if(fibs==1) { Plot(LineArray(xRp0-Fwd,yRp0,x1,yRp0,Back),"PR",32,styleThick | styleNoRescale | styleNoLabel | styleNoTitle,Null, Null,Fwd); Plot(LineArray(xSp0-Fwd,ySp0,x1,ySp0,Back),"PS",27, styleThick | styleNoRescale | styleNoLabel | styleNoTitle,Null, Null,Fwd); Plot(LineArray(x0-Fwd,r236,x1,r236,Back),"",colorBlack,style|styleNoRescale | styleNoLabel | styleDashed,Null, Null,Fwd); Plot(LineArray(x0-Fwd,r382,x1,r382,Back),"",colorBlack,style|styleNoRescale | styleNoLabel | styleDashed,Null, Null,Fwd); Plot(LineArray(x0-Fwd,r050,x1,r050,Back),"",colorBlack,style|styleNoRescale | styleNoLabel | styleDashed,Null, Null,Fwd); Plot(LineArray(x0-Fwd,r618,x1,r618,Back),"",colorBlack,style|styleNoRescale | styleNoLabel | styleDashed,Null, Null,Fwd); Plot(LineArray(x0-Fwd,r786,x1,r786,Back),"",colorBlack,style|styleNoRescale | styleNoLabel | styleDashed,Null, Null,Fwd); Plot(LineArray(x0-Fwd,e127,x1,e127,Back),"e127",colorBlack,style|styleNoRescale | styleNoLabel | styleDashed,Null, Null,Fwd); Plot(LineArray(x0-Fwd,e162,x1,e162,Back),"e162",colorBlack,style|styleNoRescale | styleNoLabel | styleDashed,Null, Null,Fwd); Plot(LineArray(x0-Fwd,e200,x1,e200,Back),"p200",colorBlack,style|styleNoRescale | styleNoLabel | styleDashed,Null, Null,Fwd); Plot(LineArray(x0-Fwd,e262,x1,e262,Back),"p262",colorBlack,style|styleNoRescale | styleNoLabel | styleDashed,Null, Null,Fwd); Plot(LineArray(x0-Fwd,e424,x1,e424,Back),"p424",colorBlack,style|styleNoRescale | styleNoLabel | styleDashed,Null, Null,Fwd); } ////////////////////////////////////////////////////////////////// if(text==1) { PlotText(" 0% = " + WriteVal(p00,fraction), LastValue(BarIndex())-(numbars/hts), p00I + 0.05, color00); PlotText("23% = " + WriteVal(r236,fraction), LastValue(BarIndex())-(numbars/hts), r236I + 0.05, colorBlack); PlotText("38% = " + WriteVal(r382,fraction), LastValue(BarIndex())-(numbars/hts), r382I + 0.05, colorBlack); PlotText("50% = " + WriteVal(r050,fraction), LastValue(BarIndex())-(numbars/hts), r050I + 0.05, colorBlack); PlotText("62% = " + WriteVal(r618,fraction), LastValue(BarIndex())-(numbars/hts), r618I + 0.05, colorBlack); PlotText("78% = " + WriteVal(r786,fraction), LastValue(BarIndex())-(numbars/hts), r786I + 0.05, colorBlack); PlotText("100% = " + WriteVal(p100,fraction), LastValue(BarIndex())-(numbars/hts),p100I + 0.05, color100); PlotText("127% = " + WriteVal(e127,fraction), LastValue(BarIndex())-(numbars/hts),e127I + 0.05, colorBlack); PlotText("162% = " + WriteVal(e162,fraction), LastValue(BarIndex())-(numbars/hts),e162I + 0.05, colorBlack); PlotText("200% = " + WriteVal(e200,fraction), LastValue(BarIndex())-(numbars/hts),e200I + 0.05, colorBlack); PlotText("262% = " + WriteVal(e262,fraction), LastValue(BarIndex())-(numbars/hts),e262I + 0.05, colorBlack); PlotText("424% = " + WriteVal(e424,fraction), LastValue(BarIndex())-(numbars/hts),e424I + 0.05, colorBlack); }_SECTION_END();_SECTION_BEGIN("Pivot"); YH = TimeFrameGetPrice("H", inDaily, -1); // yesterdays high YL = TimeFrameGetPrice("L", inDaily, -1); // low YC = TimeFrameGetPrice("C", inDaily, -1); // close YO = TimeFrameGetPrice("O", inDaily); // current day open //Normal Pivot PP = (YH + YL + YC) / 3; R1 = (2 * PP) - YL; R2 = PP + (YH - YL); R3 = YH + 2*(PP-YL); S1 = (2 * PP) - YH; S2 = PP - (YH - YL); S3 = YL - 2*(YH - PP) ; _SECTION_END();_SECTION_BEGIN("TITLE"); ////////////////////////////////////////////////////////////////// if (tchoice==1 ) { _N(Title = EncodeColor(colorWhite)+StrFormat(" {{NAME}} - {{INTERVAL}} {{DATE}} Open: %g, High: %g, Low: %g, Close: %g {{VALUES}}",O, H, L, C, SelectedValue( ROC( C, 1 ) ) )); } //////////////////////////////////////////////////////////////////WriteVal(HC ,fraction) if (tchoice==2 ) { Title = EncodeColor(colorBlack)+ Date() + " Close = " + EncodeColor(colorRed) +Close + EncodeColor(colorBlack) + " Open = " + EncodeColor(colorBlack) + O + EncodeColor(colorBlack) + " High = " + EncodeColor(5) + H + EncodeColor(colorBlack) + " Low = " + EncodeColor(colorRed) + L + EncodeColor(colorBlack) + " Volume = " + EncodeColor(colorBlack) + V + "\n\n"+ EncodeColor(colorBlack) + "Pivot Point= " + EncodeColor(colorBlack) + PP + EncodeColor(colorBlack) + " Day's Open= " + EncodeColor(colorBlack) + YO + EncodeColor(colorBlack) + " Nifty = " + EncodeColor(colorBlack) + Foreign("^NSEI","C") +"\n\n"+ EncodeColor(colorRed) + "R1= " + EncodeColor(colorBlack) + R1 + EncodeColor(colorRed) + " R2= " + EncodeColor(colorBlack) + R2 + EncodeColor(colorRed) + " R3= " + EncodeColor(colorBlack) + R3 +"\n"+ EncodeColor(colorGreen) + "S1= " + EncodeColor(colorBlack) + S1 + EncodeColor(colorGreen) + " S2= " + EncodeColor(colorBlack) + S2 + EncodeColor(colorGreen) + " S3= " + EncodeColor(colorBlack) + S3 +"\n"+ EncodeColor( colorBlack) +"_______________"+"\n"+ EncodeColor( colorBlack) + "424% = " + EncodeColor(25)+ e424 + " " +"\n"+ EncodeColor( colorBlack) + "262% = " + EncodeColor(47)+ e262 + " " +"\n"+ EncodeColor( colorBlack) + "200% = " + EncodeColor(47)+ e200 + " " +"\n"+ EncodeColor( colorBlack) + "162% = " + EncodeColor(47)+ e162 + " " +"\n"+ EncodeColor( colorBlack) + "127% = " + EncodeColor(47)+ e127 + " " +"\n"+ EncodeColor( colorRed) + "Res = " + EncodeColor(32)+ p100 + " "+"\n"+ EncodeColor( colorBlack) + "78% = " + EncodeColor(42)+ r786 + " " +"\n"+ EncodeColor( colorBlack) + "62% = " + EncodeColor(43)+ r618 + " "+"\n"+ EncodeColor( colorBlack) + "50% = " + EncodeColor(41)+ r050 + " "+"\n"+ EncodeColor( colorBlack) + "38% = " + EncodeColor(44)+ r382 + " "+"\n"+ EncodeColor( colorBlack) + "23% = " + EncodeColor(45)+ r236+ " " +"\n"+ EncodeColor( colorGreen) + "Sup = " + EncodeColor(34)+ p00 + " " ; }_SECTION_END();_SECTION_BEGIN("Up Trend Line"); UTValue1=LastValue(Trough(L,1,2)); UTValue2=ySp0; UTBar1=BarCount - 1 - LastValue(TroughBars(L,1,2)); price_utbar1=Close[UTBar1]; UTBar2=xSp0; price_utbar2=Close[UTBar2]; UpTrendLine = LineArray( UTBar1, UTValue1, UTBar2,UTValue2, 1 ); UTLine = LineArray( UTBar1, UTValue1, UTBar2,UTValue2, 0 ); Plot( UpTrendLine , _DEFAULT_NAME(), colorGreen,styleDots | styleNoTitle | styleNoLabel); Plot( UTLine , _DEFAULT_NAME(), colorGreen,styleDots | styleNoTitle | styleNoLabel); _SECTION_END();_SECTION_BEGIN("Down Trend Line"); DTValue1=LastValue(Peak(H,1,2)); DTValue2=yRp0; DTBar1=BarCount - 1 - LastValue(PeakBars(H,1,2)); price_dtbar1=Close[DTBar1]; DTBar2=xRp0; price_dtbar2=Close[DTBar2]; DownTrendLine = LineArray( DTBar1, DTValue1, DTBar2,DTValue2, 1 ); DTLine = LineArray( DTBar1, DTValue1, DTBar2,DTValue2, 0 ); Plot( DownTrendLine ,_DEFAULT_NAME(), colorRed,styleDots | styleNoTitle | styleNoLabel); Plot( DTLine ,_DEFAULT_NAME(), colorRed,styleDots | styleNoTitle | styleNoLabel); PlotOHLC( DownTrendLine , DownTrendLine , UpTrendLine , UpTrendLine , "", colorYellow, styleCloud | styleNoRescale); DTLine = LineArray(xRp0-Fwd,yRp0,x1,yRp0,Back); UTLine = LineArray(xSp0-Fwd,ySp0,x1,ySp0,Back); CBuy = Cross(C,DownTrendLine ); CSell = Cross(UpTrendLine ,C); baratcbuy = LastValue(ValueWhen(CBuy,BarIndex())); baratcsell = LastValue(ValueWhen(CSell,BarIndex())); CBuy = CBuy AND BarIndex() == baratcbuy ; CSell = CSell AND BarIndex() == baratcsell ; PlotShapes(shapeUpTriangle* CBuy ,colorBlue,O,L); PlotShapes(shapeDownTriangle* CSell ,colorRed,O,H); CBuy1 = Cross(C,DTLine ); CSell1 = Cross(UTLine ,C); baratcbuy1 = LastValue(ValueWhen(CBuy1,BarIndex())); baratcsell1 = LastValue(ValueWhen(CSell1,BarIndex())); CBuy1 = CBuy1 AND BarIndex() == baratcbuy1 ; CSell1 = CSell1 AND BarIndex() == baratcsell1 ; PlotShapes(shapeHollowUpTriangle* CBuy1 ,colorBlue,O,L-1); PlotShapes(shapeHollowDownTriangle* CSell1 ,colorRed,O,H-1);_SECTION_END();_SECTION_BEGIN("Auto"); ScanLookBack = Param("Scan Lookback", 1, 1, 25 ); Buy = ( CBuy OR CBuy1) AND ( (BarCount - baratcBuy )<=ScanLookBack OR (BarCount - baratcbuy1 )<=ScanLookBack); Sell = ( CSell OR CSell1) AND ( (BarCount - baratcsell )<=ScanLookBack OR (BarCount - baratcsell1 )<=ScanLookBack ) ; price = C[BarCount-1]; AlertIf(Buy,"","Buy @"+C+" Price @ Trigger="+price,1); AlertIf(Sell,"","Sell @"+C+" Price @ Trigger="+price,2); Filter = Buy OR Sell ; Var = WriteIf(Buy,"BUY",WriteIf(Sell,"SELL","")); AddTextColumn( Var , "Buy/Sell", 1.2 , colorBlack, IIf( Buy, colorLime, IIf(Sell,colorOrange,colorWhite) )); AddColumn(price ,"Price",1.2,colorBlack, IIf( Buy, colorLime, IIf(Sell,colorOrange,colorWhite) )); AddColumn(C ,"Price @ Trigger",1.2,colorBlack, IIf( Buy, colorLime, IIf(Sell,colorOrange,colorWhite) )); stoploss = IIf(Buy, (price * (1-0.01)) , IIf(Sell, (price * (1+0.01)),0)); target1per = IIf(Buy, (price * (1+0.01)) , IIf(Sell, (price * (1-0.01)),0)); target15per = IIf(Buy, (price * (1+0.015)) , IIf(Sell, (price * (1-0.015)),0)); target2per = IIf(Buy, (price * (1+0.02)) , IIf(Sell, (price * (1-0.02)),0)); AddColumn(stoploss ,"Stop Loss",1.2,colorBlack, IIf( Buy, colorLime, IIf(Sell,colorOrange,colorWhite) )); AddColumn(target1per ,"1% Target",1.2,colorBlack, IIf( Buy, colorLime, IIf(Sell,colorOrange,colorWhite) )); AddColumn(target15per ,"1.5% Target",1.2,colorBlack, IIf( Buy, colorLime, IIf(Sell,colorOrange,colorWhite) )); AddColumn(target2per ,"2% Target",1.2,colorBlack, IIf( Buy, colorLime, IIf(Sell,colorOrange,colorWhite) )); AddColumn(V ,"Volume",1.2,colorBlack, IIf( Buy, colorLime, IIf(Sell,colorOrange,colorWhite) )); _SECTION_END();GraphXSpace = 10 ; |
5 comments
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Dear Nishan sir,
Very good AFL
THANKS AND REGARDS
S.J.JAYAKUMAR
Dear Nishan Sir,
Very Good Indicator… Tks for Sharing.
With Rgds,
Maheshkumar.K
good one
Thank you so much. That’s so good.
Thank you so much. That’s so good.