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Double Top Detection for Amibroker (AFL)

sougatab over 15 years ago Amibroker (AFL)

  • Rating:
    3 / 5 (Votes 3)
  • Tags:
    amibroker, exploration, pattern

Detect double top double bottom

Indicator / Formula

Copy & Paste Friendly
/* Detecting double tops and bottoms*/
percdiff = 5; /* peak detection threshold */
fwdcheck = 5; /* forward validity check */
mindistance = 10;
validdiff = percdiff/10;

PK= Peak( H, percdiff, 1 ) == High;
TR= Trough( L, percdiff, 1 ) == Low;


x = Cum( 1 );
XPK1 = ValueWhen( PK, x, 1 );
XPK2 = ValueWhen( PK, x, 2 );
xTR1 = ValueWhen( Tr, x, 1 );
xTr2 = ValueWhen( Tr, x, 2 );

peakdiff = ValueWhen( PK, H, 1 )/ValueWhen( PK, H, 2 );
Troughdiff=ValueWhen( tr, L, 1 )/ValueWhen( tr, L, 2 );

doubletop = PK AND abs( peakdiff - 1 ) < validdiff AND (Xpk1 -Xpk2)>mindistance AND High > HHV( Ref( H, fwdcheck ), fwdcheck - 1 );
doubleBot=tr AND abs( troughdiff - 1 ) < validdiff AND (Xtr1 -Xtr2)>mindistance AND Low < LLV( Ref( L, fwdcheck ), fwdcheck - 1 );

Sell = doubletop;
Buy = doublebot;

WriteIf( Highest( doubletop ) == 1, "AmiBroker has detected some possible
double top patterns for " + Name() + "\nLook for green arrows on the price
chart.", "There are no double top patterns for " + Name() );

WriteIf(Highest( doublebot)==1,"AmiBroker has detected some possible double
bottom patterns for " + Name() + "\nLook for red arrows on the price
chart.", "There are no double bottom patterns for " + Name() );

Filter=Sell OR Buy ;

AddColumn( IIf( doubletop , 88, 01), "Double TOP", formatChar );
AddColumn( IIf( doublebot , 88, 01), "Double BOT", formatChar );

4 comments

over 15 years ago

Dear sir, am using AMI-5, the double top..double bottom AFL not shown anything, pls…clarifty the above…thx for ur interest..(s.suresh..9842406366.)

2. Alok
over 15 years ago

Dear Friend,

The double top and bottom does not show it is blank on EOD data. Also on RT.

Thanks and Regards
Alok

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