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Asish's Stop Loss for Amibroker (AFL)

anjan over 15 years ago Amibroker (AFL)

  • Rating:
    3 / 5 (Votes 3)
  • Tags:
    amibroker, stop loss

This is simple afl which indicates the where stop loss should after taking position.This also can be used to trail the stop loss following the signal line

Screenshots

Indicator / Formula

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_SECTION_BEGIN("Stop Loss");
a=.0174532;
S1=sin(1*a)*C;
S2=sin(2*a)*Ref(C,-1);
S3=sin(3*a)*Ref(C,-2);
S4=sin(4*a)*Ref(C,-3);
S5=sin(5*a)*Ref(C,-4);
Num=S1+S2+S3+S4+S5;
Den=sin(a)+sin(2*a)+sin(3*a)+sin(4*a)+sin(5*a);
j1= Num/Den;
Plot(j1,"Stop Loss",ParamColor( "Color",13 ), styleLine | styleThick );
_SECTION_END();

1 comments

1. thegame.t2
over 15 years ago

this is sine weighted moving average taken from metastock.it has been made by , i think jose silva in metastock forums

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