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Pivot s/r for Amibroker (AFL)
Rating:
5 / 5 (Votes 1)
Tags:
support, resistance, pivot, amibroker
Got this great afl from traderji.com. Thought to share it here. The credit goes to the original writer/coder… I dont know about him..
Regards
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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 | _SECTION_BEGIN("5 MA PIVOT SUP RES");x=Param("Average ",5,1,21);P = ( H+ L + C )/3;HP1 = (P + (P - L));LP1 = (P - (H - p));HP2 = (P + 2*(P - L));LP2 = (P - 2*(H - p));PAV = (HP1 - LP1);s=MA(PAV,x);U=EMA(P,x);Up=(s + U);Lo=(U - s );Plot (Up,"PIVOT RESISTANCE",ParamColor( "Color", colorCycle ), ParamStyle("Style"));Plot (Lo,"PIVOT SUPPORT",ParamColor( "Color", colorCycle ), ParamStyle("Style"));ChartStyle = ParamStyle("Chart Type", styleBar, maskAll);Plot(C, "", colorGrey50, ChartStyle);GraphXSpace=3;_SECTION_END(); |
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friend
let me know how u trade on this afl and time frame
ravinikl@yahoo.com