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3 line break for Amibroker (AFL)
Rating:
5 / 5 (Votes 1)
Tags:
amibroker, chart
Three Line Break charts display a series of vertical boxes (“lines”) that are based on changes in prices. As with Kagi, Point & Figure, and Renko charts, Three Line Break charts ignore the passage of time.
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Indicator / Formula
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//------------------------------------------------------------------------------
GraphXSpace = 7;
numline = Param( "Break", 2, 2, 10, 1 );
j = 0;
Line[j] = C[0];
Op[j] = C[0];
direction = 0;
up = 0; // count up lines
down = 0;// count down lines
Count = 1; // count lines
for ( i = 1; i < BarCount; i++ )
{
if ( direction[j] == 0 ) // continues down
{
if ( C[i] < Line[j] )
{
j++;
direction[j] = 0;
Line[j] = C[i];
Op[j] = Line[j-1];
down++;
up = 0;
Count++;
}
else
{
if ( Count == 1 && C[i] > OP[j] )// I-st reverse
{
j++;
direction[j] = 1;
Line[j] = C[i];
Op[j] = Op[j-1];
up++;
down = 0;
Count++;
}
if ( Count > 1 && down == 1 && C[i] > Line[j-1] )// reverse after 1 down line
{
j++;
direction[j] = 1;
Line[j] = C[i];
Op[j] = Op[j-1];
up++;
down = 0;
Count++;
}
if ( Count > 1 && down > 1 && down < numline && C[i] > Op[j-1] )//simple reverse
{
j++;
direction[j] = 1;
Line[j] = C[i];
Op[j] = Op[j-1];
up++;
down = 0;
Count++;
}
if ( down >= numline && C[i] > Op[j-( numline -1 )] ) // white trunaround line
{
j++;
direction[j] = 1;
Line[j] = C[i];
Op[j] = Op[j-1];
up++;
down = 0;
Count++;
}
}
}
else // continues up
{
if ( C[i] > Line[j] )
{
j++;
direction[j] = 1;
Line[j] = C[i];
op[j] = Line[j-1];
up++;
down = 0;
Count++;
}
else
{
if ( Count == 1 && C[i] < OP[j] )// I-st reverse
{
j++;
direction[j] = 0;
Line[j] = C[i];
Op[j] = Op[j-1];
down++;
up = 0;
Count++;
}
if ( Count > 1 && up == 1 && C[i] < Line[j-1] )// reverse after 1 up line
{
j++;
direction[j] = 0;
Line[j] = C[i];
Op[j] = Op[j-1];
down++;
up = 0;
Count++;
}
if ( Count > 1 && up > 1 && up < numline && C[i] < Op[j-1] ) //simple reverse
{
j++;
direction[j] = 0;
Line[j] = C[i];
Op[j] = Op[j-1];
down++;
up = 0;
Count++;
}
if ( up >= numline && C[i] < Op[j-( numline -1 )] )//black trunaround line
{
j++;
direction[j] = 0;
Line[j] = C[i];
Op[j] = Op[j-1];
down++;
up = 0;
Count++;
}
}
}
}
delta = BarCount - j - 1;
direction = Ref( direction, - delta );
C = Ref( Line, - delta );
O = ( Ref( Op, -delta ) );
H = L = C;
Plot( C, "", 39, styleCandle );
Title = Name() + " Three Line Break" + "\n" +
"Value = " + SelectedValue( C ) + "\n" +
"Break = " + numline;1 comments
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Dear Sir, Can u plot volune with TLB just like broker chart ?