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3 line break for Amibroker (AFL)
deepu826
about 14 years ago
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.

Screenshots

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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

1. nira_001
10 months ago

Dear Sir, Can u plot volune with TLB just like broker chart ?

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