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WiseTrader Toolbox
#1 Selling Amibroker Plugin featuring:
Number of stocks above/under MA(9) for Amibroker (AFL)
Number of stocks above/under MA
STEPS:
1) RUN SCAN FOR A GROUP OF WATCHLISTS, TYPICALLY CONSISTING OF FOR INSTANCE, NIFTY STOCKS.
2) SELECT AFL INDICATOR ON THE LEFT PANE OF AMIBROKER CHART WINDOW
3) RIGHT CLICK AND SELECT INSERT INDICATOR. YOU SHOULD BE ABLE TO SEE THE INDICATOR.
4) DIFFERENT TYPE OF MAs CAN ALSO BE USED.
5) PERIOD MA IS USED TO SMOOTH THE INDICATOR.
THIS INDICATOR WOULD BE EFFECTIVE IF USED IN CONJUNCTION WITH THE CHARTS, FOR EG, NIFTY CHART.
THIS INDICATOR IDENTIFIES POTENTIAL TREND REVERSALS.
IF NUMBER OF STOCKS ABOVE 30EMA IS FALLING AND UNDERLYING INDEX RISING, THEN POSSIBLY REVERSAL OF TREND EXPECTED AND VICE VERSA.
THIS AFL DOES NOT GUARANTEE ANY POSITIVE RETURNS.
USE THIS AFL AT YOUR OWN RISK.
THIS AFL WAS DEVELOPED BY HALAN MANOJ KUMAR, MSC,CAIIB,FRM,PRM,CMA,ACMA. HOWEVER IN SOME CASES INDIVIDUAL CODE SNIPPETS ARE FROM DIFFERENT SOURCES AND I THANK THOSE DEVELOPERS.
Similar Indicators / Formulas
Indicator / Formula
// Number of stocks above/under MA(20)
_SECTION_BEGIN("Average");
P = ParamField("Field");
Type = ParamList("Type", "Weighted,Lagless-21,Hull-26,Linear Regression-45,Exponential,Double Exponential,Tripple Exponential,Wilders,Simple");
Periods = Param("Periods", 9, 2, 100 );
Displacement = Param("Displacement", 1, -50, 50 );
m = 0;
if( Type == "Weighted" ) m= WMA( P, Periods );
if( Type == "Lagless-21" ) m= 2*EMA(P, Periods)-EMA(EMA(P, Periods), Periods);
if( Type == "Hull-26" ) m= WMA(2*(WMA(P, Periods/2))-WMA(P, Periods) ,4 );
if( Type == "Linear Regression-45" ) m= LinearReg( P, Periods );
if( Type == "Exponential" ) m = EMA( P, Periods );
if( Type == "Double Exponential" ) m = DEMA( P, Periods );
if( Type == "Tripple Exponential" ) m = TEMA( P, Periods );
if( Type == "Wilders" ) m = Wilders( P, Periods );
if( Type == "Simple" ) m = MA( P, Periods );
//Plot( m, _DEFAULT_NAME(), ParamColor("Color", colorWhite), styleThick, 0, 0, Displacement );
//Plot Price
//barcolor = IIf(C > m, ParamColor("Up Color",colorBrightGreen), IIf(C ==m,colorRed, ParamColor("Dn Color",colorRed)));
//Plot( C, "Close", barcolor, ParamStyle("Style",styleThick+styleNoLabel) | GetPriceStyle());
_SECTION_END();
_SECTION_BEGIN("Compare with WMA(9)");
// Set Background
//SetChartBkGradientFill(ParamColor("Bg Top",colorBlack),ParamColor("Bg Bottom",colorBlack));
Buy = Sell = 0;
Buy = Cross(C, m);
Sell = Cross(m, C);
// dung de tao chi so composite co gia tri la so luong stocks nam tren hay duoi MA(20)
AddToComposite( C >= m,"~OverWMA","X");
AddToComposite( C < m,"~BelowWMA","X");
// Thiet lap gia tri cho 2 chi so nay
Adv = Foreign("~OverWMA","C");
Dec = Foreign("~BelowWMA","C");
//ve indicator
Plot(Adv,"No stocks over WMA(9)",colorYellow,styleLine);
Plot(Dec,"No stocks below WMA(9)",colorRed,styleLine);
Filter =1;
AddColumn( Adv ,"Adv WMA(9)",1.1);
AddColumn( Dec ,"Dec WMA(9)",1.1);
_SECTION_END();
Plot((Adv+Dec)/2,"",colorWhite, styleDashed);1 comments
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Initially, it worked fine but later on the indicator went flat. The count of stocks isn’t changed from last week. Even run the scan again still count isn’t changing. Please help!