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Candle pivots with trendlines for Amibroker (AFL)
Rating:
4 / 5 (Votes 11)
Tags:
amibroker, support, resistance, pivots
Hi
Here’s an indicator with candle pivots and trendlines. I have not used it by myself. I think it was written/posted on a TA forum by a person called “priyavardana”.
Regards
Joeoil
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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 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 | /////// advance trenlines with candle pivots /////////////////// SetChartOptions(0, chartShowArrows | chartShowDates);_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} ,{{VALUES}}", O, H, L, C, SelectedValue(ROC(C, 1))));Plot(C, "", IIf(O >= C, colorOrange, colorGreen), styleCandle);SetChartBkGradientFill(ParamColor("Inner panel upper", colorBlack), ParamColor("Inner panel lower", colorBlack));_N(Title = EncodeColor(colorWhite) + StrFormat(" {{NAME}} - {{INTERVAL}} {{DATE}} Open:%g,high:%g,low:%g, Close:%g ,{{VALUES}}", O, H, L, C));/////////////////////////////////////////////////////////////////////////////////////////////farback = Param("How Far back to go", 100, 50, 5000, 10);nBars = Param("Number of bars", 12, 5, 40);aHPivs = H - H;aLPivs = L - L;aHPivHighs = H - H;aLPivLows = L - L;aHPivIdxs = H - H;aLPivIdxs = L - L;nHPivs = 0;nLPivs = 0;lastHPIdx = 0;lastLPIdx = 0;lastHPH = 0;lastLPL = 0;curPivBarIdx = 0;aHHVBars = HHVBars(H, nBars);aLLVBars = LLVBars(L, nBars);aHHV = HHV(H, nBars);aLLV = LLV(L, nBars);aVisBars = Status("barvisible");nLastVisBar = LastValue(Highest(IIf(aVisBars, BarIndex(), 0)));_TRACE("Last visible bar: " + nLastVisBar);curBar = (BarCount - 1);curTrend = "";if (aLLVBars[curBar] < aHHVBars[curBar]){ curTrend = "D";}else{ curTrend = "U";}for (i = 0; i < farback; i++){ curBar = (BarCount - 1) - i; if (aLLVBars[curBar] < aHHVBars[curBar]) { if (curTrend == "U") { curTrend = "D"; curPivBarIdx = curBar - aLLVBars[curBar]; aLPivs[curPivBarIdx] = 1; aLPivLows[nLPivs] = L[curPivBarIdx]; aLPivIdxs[nLPivs] = curPivBarIdx; nLPivs++; } } else { if (curTrend == "D") { curTrend = "U"; curPivBarIdx = curBar - aHHVBars[curBar]; aHPivs[curPivBarIdx] = 1; aHPivHighs[nHPivs] = H[curPivBarIdx]; aHPivIdxs[nHPivs] = curPivBarIdx; nHPivs++; } }}curBar = (BarCount - 1);candIdx = 0;candPrc = 0;lastLPIdx = aLPivIdxs[0];lastLPL = aLPivLows[0];lastHPIdx = aHPivIdxs[0];lastHPH = aHPivHighs[0];if (lastLPIdx > lastHPIdx){ candIdx = curBar - aHHVBars[curBar]; candPrc = aHHV[curBar]; if (lastHPH < candPrc AND candIdx > lastLPIdx AND candIdx < curBar) { aHPivs[candIdx] = 1; for (j = 0; j < nHPivs; j++) { aHPivHighs[nHPivs - j] = aHPivHighs[nHPivs - (j + 1)]; aHPivIdxs[nHPivs - j] = aHPivIdxs[nHPivs - (j + 1)]; } aHPivHighs[0] = candPrc; aHPivIdxs[0] = candIdx; nHPivs++; }}else{ candIdx = curBar - aLLVBars[curBar]; candPrc = aLLV[curBar]; if (lastLPL > candPrc AND candIdx > lastHPIdx AND candIdx < curBar) { aLPivs[candIdx] = 1; for (j = 0; j < nLPivs; j++) { aLPivLows[nLPivs - j] = aLPivLows[nLPivs - (j + 1)]; aLPivIdxs[nLPivs - j] = aLPivIdxs[nLPivs - (j + 1)]; } aLPivLows[0] = candPrc; aLPivIdxs[0] = candIdx; nLPivs++; }}for (k = 0; k < nHPivs; k++){ _TRACE("High pivot no. " + k + " at barindex: " + aHPivIdxs[k] + ", " + WriteVal(ValueWhen(BarIndex() == aHPivIdxs[k], DateTime(), 1), formatDateTime) + ", " + aHPivHighs[k]);}a1 = ahpivs == 1;a2 = alpivs == 1;PlotShapes(a1 *shapeSmallCircle, colorRed, 0, H, Offset = 5);PlotShapes(a2 *shapeSmallCircle, colorGreen, 0, L, Offset = -5);//////////////////////////////////////////////////////Para = ParamToggle("Plot Parallel Lines","Off,On");ColorS= ParamColor("Support",colorLime);ColorR= ParamColor("Resistance",colorRed);x = Cum(1);s1 = L;s11 = H;pS = a2 == 1;endt = LastValue(ValueWhen(ps,x,1));startt = LastValue(ValueWhen(ps,x,2));ends = LastValue(ValueWhen(ps,S1,1));starts = LastValue(ValueWhen(ps,S1,2));dtS = endt - startt;aS = (endS - startS) / dtS;bS = endS;trendlineS = aS *(x - endt) + bS;g3 = IIf(x > startt - 10, trendlineS, Null);Plot(g3, "", colors, styleThick);pR = a1 == 1;endt1 = LastValue(ValueWhen(pr,x,1));startt1 = LastValue(ValueWhen(pr,x,2));endr = LastValue(ValueWhen(pr,S11,1));startr = LastValue(ValueWhen(pr,S11,2));dtR = endt1 - startt1;aR = (endR - startR) / dtR;bR = endR;trendlineR = aR *(x - endt1) + bR;g4 = IIf(x > startT1 - 10, trendlineR, Null);Plot(g4, "", colorr, styleThick);acd = log(endr/startr)/(endt1-startt1);res1 = exp((x-endt1)*acd)*endr;RRL = ROC(res1,1);bcd = log(ends/starts)/(endt-startt);sup1= exp((x-endt)*bcd)*ends;RSL = ROC(sup1,1);Low_Value = LastValue(Ref(LLV(L,endt1-startt1),-(x-endt1)));x2 = LastValue(ValueWhen(L==Low_Value & x>startt1 & x<endt1,x));PLL = IIf(LastValue(x)-x2>5,exp((x-x2)*acd)*Low_Value,Null);Hi_Value = LastValue(Ref(HHV(H,endt-startt),-(x-endt)));x3 = LastValue(ValueWhen(H==Hi_Value & x>startt & x<endt,x));PHL = IIf(LastValue(x)-x3>5,exp((x-x3)*bcd)*Hi_Value,Null);SLabs = sup1-Ref(sup1,-1); RLabs = res1-Ref(res1,-1);ROC2SL = (SLabs/C)*100; ROC2RL = (RLabs/C)*100;PLLd = abs((LastValue(C)/LastValue(PLL))-1)<0.01*100;PHLd = abs((LastValue(C)/LastValue(PHL))-1)<0.01*100;barvisible = Status("barvisible");firstvisiblebar = barvisible & NOTRef(barvisible,-1);HHvisible = LastValue(HighestSince(firstvisiblebar,High));LLvisible = LastValue(LowestSince(firstvisiblebar,Low));RaH = HHvisible *1.05; RaL = LLVisible *0.95; AnZ= starts==0 OR ends==0 OR startr==0 OR endr==0;PLplot = IIf(x-x2>=0 & abs(LastValue(L/PLL)-1) <abs(LastValue((100/1000)*ATR(14))) & PLL>RaL & PLL<RaH & NOT AnZ,PLL,IIf(x-x2>=0 & RaL==0 & PLLd & abs(LastValue(L/PLL)-1) <abs(LastValue((100/1000)*ATR(14)))& NOT AnZ,PLL,Null));PHplot = IIf(x-x3>=0 & abs(LastValue(H/PHL)-1) <abs(LastValue((100/1000)*ATR(14))) & PHL>RaL & PHL<RaH & NOT AnZ,PHL,IIf(x-x3>=0 & RaL==0 & PHLd & abs(LastValue(H/PHL)-1) <abs(LastValue((100/1000)*ATR(14)))& NOT AnZ,PHL,Null));Plot(IIf(Para,PLplot,Null)," ",colorr,styleDashed,maskDefault+styleNoRescale);Plot(IIf(Para,PHplot,Null)," ",colors,styleDashed,maskDefault+styleNoRescale); |
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good one , i like it, simple but effective
Thanks.
But can trade using this in intraday.The pivots appear based on the future prices.
Can we make it suitable for intraday trading by tweaking some of the parameter?
Pl.help.
Thanks,
Gopal
Same as Zig indicator. This pivots only play on backtest.
It cannot be used in real trade. Watch out!
@futat and @all
every indicator using future data CAN be used on scanner or exploration mode, as there are not known future bars if you scan od daily basis.
at the same time you CAN’T use it in backtesting mode as it give you false and exceptional results.