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Trend Advisor for Amibroker (AFL)
Rating:
4 / 5 (Votes 4)
Tags:
amibroker
Know which stage of market you are currently in. 1) Recovery 2) Accumulation 3) Bullish 4) Warning 5) Distribution 6) Bearish
By taishunszeto
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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 | pointer[0] = 0;/* Phase filter */Cond1 = Close > MA(Close, 50)AND NOT(Close > MA(Close, 200))AND NOT(MA(Close, 50) > MA(Close, 200));Cond2 = Close > MA(Close, 50)AND Close > MA(Close, 200)AND NOT(MA(Close, 50) > MA(Close, 200));Cond3 = Close > MA(Close, 50)AND Close > MA(Close, 200)AND MA(Close, 50) > MA(Close, 200);Cond4 = NOT(Close > MA(Close, 50))AND Close > MA(Close, 200)AND MA(Close, 50) > MA(Close, 200);Cond5 = NOT(Close > MA(Close, 50))AND NOT(Close > MA(Close, 200))AND MA(Close, 50) > MA(Close, 200);Cond6 = NOT(Close > MA(Close, 50))AND NOT(Close > MA(Close, 200))AND NOT(MA(Close, 50) > MA(Close, 200));for (i = 1; i < BarCount; i++){ if (Cond1[i]) pointer[i] = 1; if (Cond2[i]) pointer[i] = 2; if (Cond3[i]) pointer[i] = 3; if (Cond4[i]) pointer[i] = 4; if (Cond5[i]) pointer[i] = 5; if (Cond6[i]) pointer[i] = 6;}/* Plot Graphic */dynamic_color = IIf(pointer < 4, colorGreen, colorRed);Plot(pointer, "TrendAdv2", dynamic_color, styleHistogram, Null, Null, 0);SetChartBkGradientFill(ParamColor("BgTop", colorWhite), ParamColor("BgBottom", colorLightYellow)); |
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Can you please explain how the lines behave and what it gives as signal whether accumulation, trending, up or down. I shall be obliged at my mail removed for your safety
Did you read the description? It explains everything there. The red lines which have a value of 6 means the market is bearish and the short green lines, which have a value of 2 mean the stock is in accumulation phase. I hope that explains it.
Best Afl according to me
thanks, it’s help me more
It is My choice