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#1 Selling Amibroker Plugin featuring:
Simple SafeZone Stop (Elder) for Amibroker (AFL)
A simple implimination of Elder’s SafeZone Stop method.
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Similar Indicators / Formulas
Indicator / Formula
sZPeriod = Param("Period", 9, 2, 50, 1); sZK = Param("Coefficient", 2, 0.1, 5, 0.1); sZHold = Param("Hold Period", 3, 0, 10, 1); lowDelta = IIf(Ref(L,-1) < Ref(L,-2), Ref(L,-2) - Ref(L,-1), 0); lowDeltaSum = Sum(lowDelta, sZPeriod); LowDeltaCount = Sum(Ref(L,-1) < Ref(L,-2), sZPeriod); sZPoint = Ref(L,-1) - sZK * IIf(LowDeltaCount != 0, lowDeltaSum / LowDeltaCount, 0); sZStop = HHV(sZPoint, sZHold); Plot(C,"",16,132); Plot (sZStop,"",10,1);
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