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Trend Trigger Factor for Amibroker (AFL)
kaiji
about 15 years ago
Amibroker (AFL)

Rating:
5 / 5 (Votes 1)
Tags:

Allows you to follow the trend.

By Kelly Griffiths

Indicator / Formula

Indicator
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function TTF( periods )
{
    BuyPower = HHV( High, periods ) - Ref( LLV( Low, periods ), -periods );
    SellPower = Ref( HHV( High, periods ), -periods ) - LLV( Low, periods );
    return 100 * (BuyPower - SellPower) / (0.5 * (BuyPower + SellPower));
}
 
ttf15 = TTF( 15 );
 
Plot( ttf15, "TTF(15)", colorRed );
 
bt = Optimize( "Buy Trigger", 125, 35, 150, 5 );
st = Optimize( "Sell Trigger", -40, -100, 25, 5 );
 
Buy = Cross( ttf15, bt );
Sell = Cross( -st, ttf15 );
 
Short = Sell;
Cover = Buy;

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