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#1 Selling Amibroker Plugin featuring:
ATR Exit for Amibroker (AFL)
Another atr trading formula. hope u will like it with good improvement.
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Indicator / Formula
_SECTION_BEGIN("ATRtrading"); SetChartBkColor( colorBlack ) ; period = Param("Period", 13, 1, 240, 1); mult = Param("Multiplier", 1.7, 1, 240, 0.1); f=ATR(period); VS[0] = Close[0]; trend[0] = 0; HighC[0]=0; Lowc[0]=0; for( i = period+1; i < BarCount; i++ ) { vs[i] = vs[i-1]; trend[i] = trend[i-1]; highC[i] = HighC[i-1]; lowc[i] = lowc[i-1]; if ((trend[i]>=0) && ( C[i] <VS[i] )) { trend[i] =-1; HighC[i] = C[i]; lowc[i] = C[i]; } if ((trend[i]<=0) && (C[i] >VS[i])) { trend[i]=1; HighC[i] = C[i]; lowc[i] = C[i]; } if (trend[i]==-1) { if (C[i]<lowc[i]) lowc[i] = C[i]; VS[i]= lowc[i]+ (mult*f[i]); } if (trend[i]==1) { if (C[i]>HighC[i]) HighC[i] = C[i]; VS[i]= HighC[i]-(mult*f[i]); } } Buy=Cross(Trend,0); Sell=Cross(0, Trend); Plot(Close,"Close",colorBlue,styleCandle); Plot(VS, "Vol Stop",IIf(trend==1,10,11 ),styleThick); mkol = IIf( Trend==1, 10, 11); Plot(5, "ribbon", mkol, styleOwnScale|styleArea|styleNoLabel, 0, -5); // Weekly trend shape = Buy * shapeUpArrow + Sell * shapeDownArrow; PlotShapes( shape, IIf( Buy, colorGreen, colorRed ), 0, IIf( Buy, Low-f, High+f)); _SECTION_END(); //========================fib levels========================= StartBar=SelectedValue(BarIndex()); FinishBar = EndValue( BarIndex() ); i = startbar; period = FinishBar - StartBar; Lo =LLV(L,period); Hi = HHV(H,period); Line0 = 0; Line1 = 0; Line2 = 0; Line3 = 0; Line4= 0; Line100 = 0; for( i = startbar; i < finishbar; i++ ) { if(EndValue(C)<SelectedValue(C)) { Line0 = EndValue(Lo); Line100 = EndValue(Hi); Line1 = Line0 + abs(Line100-Line0)*0.236; Line2 = Line0 + abs(Line100-Line0)*0.382; Line3 = Line0 + abs(Line100-Line0)*0.5; Line4 = Line0 + abs(Line100-Line0)*0.618; } else { Line100 = EndValue(Lo); Line0 = EndValue(Hi); Line1 =Line0 - abs(Line100-Line0)*0.236; Line2 = Line0 - abs(Line100-Line0)*0.382; Line3 = Line0 - abs(Line100-Line0)*0.5; Line4 = Line0 - abs(Line100-Line0)*0.618; } } //external fib lines begining fom selecetdbarindex() fib0= LineArray(startbar, Line0, finishbar, Line0, 0, 1); fib100 = LineArray(startbar, Line100, finishbar, Line100, 0, 1); // depth of middle lines n= round((finishbar-startbar)/2); // middle lines fib1= LineArray((finishbar-n), Line1, finishbar, Line1, 0, 1); fib2= LineArray((finishbar-n), Line2, finishbar, Line2, 0, 1); fib3= LineArray((finishbar-n), Line3, finishbar, Line3, 0, 1); fib4= LineArray((finishbar-n), Line4, finishbar, Line4, 0, 1); Plot(fib0,"", colorGreen); Plot(fib100,"", colorRed); //Plot(fib1,"", colorYellow); Plot(fib2,"", colorPink); //Plot(fib3,"", colorOrange); Plot(fib4,"", colorLightBlue); _SECTION_END();
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It seems that the formula references FUTURE quotes.
If you backtest this system you may receive outstanding results
that CAN NOT be reproduced in real trading