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Candle pivots with trendlines for Amibroker (AFL)

joeoil over 15 years ago 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

Screenshots

Indicator / Formula

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/////// 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 & NOT
Ref(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);

4 comments

2. gopal
over 15 years ago

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

3. futat
over 15 years ago

Same as Zig indicator. This pivots only play on backtest.
It cannot be used in real trade. Watch out!

over 11 years ago

@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.

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