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Trading Trendline Breaks for Amibroker (AFL)

Rating:
3 / 5 (Votes 3)
Tags:
trading system, amibroker

Get trendline breaks.

Screenshots

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Indicator / Formula

Copy & Paste Friendly
_SECTION_BEGIN("Trading_Trendline_Breaks");
zz0 = Zig( Close, 7 );
zz1 = Ref( zz0, -1 );
zz2 = Ref( zz0, -2 );
tr = ValueWhen( zz0 > zz1 AND zz1 < zz2, zz1 );
pk = ValueWhen( zz0 < zz1 AND zz1 > zz2, zz1 );
PU = tr + abs( tr ) * 0.05;
PD = pk - abs( pk ) * 0.05;
res = IIf( Close >= PU AND zz0 > zz1, 1,
      IIf( Close <= PD AND zz0 < zz1, -1, 0 ) );
res = ValueWhen( res != 0, res );
Buy = res == 1 AND Ref( res, -1 ) == -1;
Sell = res == -1 AND Ref( res, -1 ) == 1;
Short = Sell;
Cover = Buy;

Plot( zz0, "ZigZag", colorBlue, styleThick );
Plot( Close, "Price", colorBlack, styleBar );

//PlotShapes( Buy * shapeUpArrow, colorGreen, 0, L, -60 );
//PlotShapes( Sell * shapeDownArrow, colorRed, 0, H, -60 );

PlotShapes( Buy * shapeUpArrow, colorGreen );
PlotShapes( Sell * shapeDownArrow, colorRed);

Plot( Flip( Buy, Sell ), "Trade", colorPaleGreen, styleArea | styleOwnScale, 0, 1 );
_SECTION_END();

1 comments

1. konidena

I think this is zig zog break out
Subrahmanyam

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