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Heikin Ashi pattern scan for Amibroker (AFL)

jlgrover over 15 years ago Amibroker (AFL)

  • Rating:
    5 / 5 (Votes 1)
  • Tags:
    amibroker, scan

Scan for HA turn around. I like to find stocks that have had several down days (10 or more) and are followed by a few up day (2 or more).

Indicator / Formula

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//-- heikin ashi
// set following params as desired
min_price=5;
up_days=2;
Down_days=10;
//
HaClose = (O+H+L+C)/4; 
HaOpen = AMA( Ref( HaClose, -1 ), 0.3 ); 
HaHigh = Max( H, Max( HaClose, HaOpen ) ); 
HaLow = Min( L, Min( HaClose, HaOpen ) ); 
barcolor = IIf(HaClose >= HaOpen,colorGreen,colorRed);
PlotOHLC( HaOpen, HaHigh, HaLow, HaClose, "", barcolor, styleCandle ); 
Buy = IIf(IIf(barcolor == colorGreen AND C>=min_price AND
   BarsSince(barcolor==colorRed)<=up_days AND HaLow==HaOpen AND
   BarsSince(Ref(barcolor, -BarsSince(barcolor==colorRed)-1)==colorGreen)>=down_days,1,0),1,0);

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