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Wilders moving average for Amibroker (AFL)

Rating:
2 / 5 (Votes 4)
Tags:
trading system, amibroker, exploration, moving average

Here is an another customized code similar to 5-13 EMA-Offset Channel Trading system. Here Instead of EMA we are using wilders moving average to filter the noise signals and to make the trading system better than 5-13 EMA-Offset Channel Trading system and to produce a distant signals compared to 5-13 EMA-Offset Channel trading system

Buy and Sell Rules are Simple
1)Buy if the candle closes above the EMA Offset cloud
2)Sell if the candle closes below the EMA offset cloud
3)Trailing stop loss is Lower Cloud Value in case of Buy Signal and Upper Cloud value in case of Sell signal

Screenshots

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Indicator / Formula

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/* Done      by    Rajandran R */
/* Author of www.marketcalls.in  */

_SECTION_BEGIN("13-13 Wilders Channel Offset Trading System ");
SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ));
Plot( C, "Close", ParamColor("Color", colorBlack ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() ); 


A = Wilders( H,13 );
B = Wilders( L,13 );

 					
x= Ref(A,-13);
y= Ref(B,-13);

D=.0009;
xt=x+x*D;
xb=x-x*D;

yt=y+y*D;
yb=y-y*D;

/* Buy or Sell Condition */
Buy = Cross(Close,xt);
Sell = Cross(yt,Close);
Buy = ExRem(Buy,Sell);
Sell = ExRem(Sell,Buy);

Filter = Buy OR Sell;
/* Exploration Parameters */
AddTextColumn( FullName(), "Company Name" );
AddColumn( Buy, "Buy", 1 );
AddColumn( Sell, "Sell", 1 );
AddColumn( C, "Close", 1.3 );
AddColumn( H, "High", 1.3 );

/* Plotting the Channel Cloud */

PlotOHLC( 0,xt,xb,xb ,"",colorBlue, styleCloud);
PlotOHLC( 0,yt,yb,yb ,"",colorBlue, styleCloud);
PlotOHLC( 0,xt,yb,yb ,"",colorRed, styleCloud);

Title = EncodeColor(colorWhite)+ "5-13 EMA Channel Trading System" + " - " +  Name() + " - " + EncodeColor(colorRed)+ Interval(2) + EncodeColor(colorWhite) +
 "  - " + Date() +" - "+"\n" +EncodeColor(colorRed) +"Op-"+O+"  "+"Hi-"+H+"  "+"Lo-"+L+"  "+
"Cl-"+C+"  "+ "Vol= "+ WriteVal(V)+"\n"+ 
EncodeColor(colorLime)+
WriteIf (Buy , " GO LONG / Reverse Signal at "+C+"  ","")+
WriteIf (Sell , " EXIT LONG / Reverse Signal at "+C+"  ","")+"\n"+EncodeColor(colorWhite)+
WriteIf(Sell , "Total Profit/Loss for the Last Trade Rs."+(C-BuyPrice)+"","")+
WriteIf(Buy  , "Total Profit/Loss for the Last trade Rs."+(SellPrice-C)+"","");

PlotShapes(IIf(Buy, shapeSquare, shapeNone),colorGreen, 0, L, Offset=-40);
PlotShapes(IIf(Buy, shapeSquare, shapeNone),colorLime, 0,L, Offset=-50);                      
PlotShapes(IIf(Buy, shapeUpArrow, shapeNone),colorWhite, 0,L, Offset=-45); 
PlotShapes(IIf(Sell, shapeSquare, shapeNone),colorRed, 0, H, Offset=40);
PlotShapes(IIf(Sell, shapeSquare, shapeNone),colorOrange, 0,H, Offset=50);                      
PlotShapes(IIf(Sell, shapeDownArrow, shapeNone),colorWhite, 0,H, Offset=-45);
_SECTION_END();

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