Download Support/Resistance Modified For Amibroker (AFL)

The ultimate porfolio management solution.

Shares, Margin, CFD's, Futures and Forex

EOD and Realtime

Dividends and Trust Distributions

And Much More ....

For Portfolio Manager Click Here

#1 Selling Amibroker Plugin featuring:

Advanced Adaptive Indicators

Advanced Pattern Exploration

Neural Networks

And Much More ....

Find Out More Here

2 / 5 (Votes 8)

amibroker, support, resistance

Submitted by vishalsbharati almost 13 years ago

Submitted by shyam242 over 13 years ago

Submitted by yancedolly over 13 years ago

Submitted by kaiji almost 15 years ago

Submitted by mediaworks almost 14 years ago

Indicator

Copy & Paste Friendly

   SetChartOptions(0,chartShowDates);
   SetChartBkColor(16);
   GraphXSpace=Param("GraphXSpace",10,-100,100,1);
   SetBarFillColor(IIf(O>C,24,19));
   Plot(C,"Price",IIf(O>C,32,34),64);
   dtn=DateNum();
   haC=EMA((O+H+L+C)/4,3);    haO=AMA(Ref(haC,-1),0.5);
   haH=Max(H,Max(haC,haO));   haL=Min(L,Min(haC,haO));
_SECTION_BEGIN("Name");
   GfxSetOverlayMode(1);
   pxh= Status("pxHeight");  pxw=Status("pxWidth");
   GfxSelectFont("Tahoma",pxh/8);
   GfxSetTextColor(ColorHSB(42,42,42));
   GfxSetTextAlign(6);  GfxSetBkMode(0);
   GfxTextOut(Name(),pxw/2,pxh/12);
   GfxSelectFont("Tahoma",pxh/18);
   GfxTextOut(IndustryID(1),pxw/2,pxh/4);
   GfxSelectFont("Tahoma",pxh/18);
   GfxSelectFont("Tahoma",pxh/36);
   GfxTextOut("Sup/Res",pxw/2,pxh/3);
_SECTION_END();
//==============================
_SECTION_BEGIN("HL Pivots");
//==============================
   psh= ParamToggle("Pivot Shapes","Off|On",1);
   plb= ParamToggle("Pivot Labels","Off|On",1);
   snd= ParamToggle("Sound Alerts","Off|On",1);
   lbk= Param("Hi Lo Lookback",350,50,5000,10);
   nbz= Param("Swing Bars",20,5,150,1);
   tht= Param("Hi Label Adjust",0.65,0.10,5,0.05)*ATR(5);
   lbk= Min(BarCount-1,Lbk);
   bc=BarCount-1;
//================
   xH=H-H;   xL=L-L;   yH=H-H;   yL=L-L;   xR=H-H;   xS=L-L;
   xrb=0;    xSb=0;    yR0=0;    yS0=0;    xR0=0;    xS0=0;   xx=0;
   xHH= HHVBars(H,nbz);  xLL= LLVBars(L,nbz);
   yHH= HHV(H,nbz);      yLL= LLV(L,nbz);
   viz= Status("BarVisible");
   vbz= LastValue(Highest(IIf(viz,BarIndex(),0)));
   _TRACE("Last visible bar: "+ vbz);
   bct= (BarCount-1);  dir = "";
   if(xLL[bc]<xHH[bc])  { dir="D"; } else { dir="U"; }
    for(i=0; i<lbk; i++)  {  bc=bct-i;
     if(xLL[bc]<xHH[bc])  { if(dir=="U"){dir="D";
      xx=bc-xLL[bc];  xL[xx]=1;  
      yL[xSb]=L[xx];  xS[xSb]=xx; xSb++; }
     } else { if(dir=="D")  { dir = "U";
        xx=bc-xHH[bc];  xH[xx]=1;  yH[xrb]=H[xx];  xR[xrb]=xx;xrb++; }}}
        xP= 0;  yP= 0;  xS0= xS[0];  yS0=yL[0];  xR0= xR[0];  yR0= yH[0];
     if(xS0>xR0) { xP=bc-xHH[bc];  yP= yHH[bc];
      if(yR0<yP AND xP>xS0 AND xP<bc) {  xH[xP]=1;
       for(j=0; j<xrb; j++) { yH[xrb-j]= yH[xrb-(j+1)];
        xR[xrb-j]= xR[xrb-(j+1)];  }
        yH[0]= yP;  xR[0]= xP;  xrb++;  }
        } else { xP= bc-xLL[bc]; yP= yLL[bc];
           if(yS0>yP AND xP>xR0 AND xP<bc) {  xL[xP]=1;
            for(j=0; j<xSb; j++) { yL[xSb-j]= yL[xSb-(j+1)];  xS[xSb-j]= xS[xSb-(j+1)];  }
             yL[0]=yP;  xS[0]=xP;  xSb++;  }}
   ushp=shapeHollowUpArrow;   dshp=shapeHollowDownArrow;
   if(psh) { PlotShapes(xH*dshp,42,0,H,-10);  PlotShapes(xL*ushp,43,0,L,-10); }
   if(snd) {
    AlertIf(xL==1,"SOUND C:\\Windows\\Media\\Windows XP Startup.wav","Audio alert",2);
    AlertIf(xH==1,"SOUND C:\\Windows\\Media\\Ringin.wav","Audio alert",2);  }
   Buy=(xL);  Sell=(xH);  Cover=(xL);  Short=(xH); Long=Flip(Buy,Sell);  Shrt=Flip(Sell,Buy);
   SellPrice=ValueWhen(Sell,H,1);  BuyPrice= ValueWhen(Buy,L,1);
   if(plb) {
    for(i=0; i<BarCount; i++) { 
     if(Buy[i] )PlotText("\n\n"+ StrRight(NumToStr(L[i],6.2),5),i-1,L[i],43,16); 
     if(Sell[i])PlotText(StrRight(NumToStr(H[i],6.2),5),i-1,H[i]+tht[i],32,16); }
   }
_SECTION_END();
//===========================
_SECTION_BEGIN("Sup & Res");
//===========================
   plt= ParamToggle("Sup_Res","Off|On",1);
   rpd= Param("Res Periods",2,0,200,1);
   spd= Param("Sup Periods",2,0,200,1);
   rsc= ParamToggle("Sup_Res","Off|On",1)*2048;
   sty= ParamStyle("Style",1)|rsc;
   rco= ParamColor("Res Color",22);
   sco= ParamColor("Sup Color",22);
   if(plt){
    pma= TEMA(H,rpd);
    pk= pma>Ref(pma,-1)AND Ref(pma,1)<H;//Peak
    yp0= ValueWhen(pk,haH,0);
    yp1= ValueWhen(pk,haH,1);
    yp2= ValueWhen(pk,haH,2);
    pkM= yp2<yp1 AND yp1>yp0;   prq=Ref(pkM,-1)==0 AND pkM==1;//MajorPeak
    yR1= ValueWhen(prq,yp1,1);  xR1= ValueWhen(prq,dtn,1);
    yR1= IIf(dtn<SelectedValue(xR1),Null,SelectedValue(yR1));
    yR2= ValueWhen(prq,yp1,2);  xR2= ValueWhen(prq,dtn,2);
    yR2= IIf(dtn<SelectedValue(xR2),Null,SelectedValue(yR2));
    yR3= ValueWhen(prq,yp1,3);  xR3= ValueWhen(prq,dtn,3);
    yR3= IIf(dtn<SelectedValue(xR3),Null,SelectedValue(yR3));
    yR4= ValueWhen(prq,yp1,4);  xR4= ValueWhen(prq,dtn,4);
    yR4= IIf(dtn<SelectedValue(yR4),Null,SelectedValue(yR4));
    yR5= ValueWhen(prq,yp1,5);  xR5= ValueWhen(prq,dtn,5);
    yR5= IIf(dtn<SelectedValue(xR5),Null,SelectedValue(yR5));
    yR6= ValueWhen(prq,yp1,6);  xR6=ValueWhen(prq,dtn,6);
    yR6= IIf(dtn<SelectedValue(xR6),Null,SelectedValue(yR6));
    Plot(yR1,"R1",rco,1);
    Plot(IIf(yR2!=yR1,yR2,Null),"R2",rco,sty);  
    Plot(IIf(yR3!=yR2 AND yR3!=yR1,yR3,Null),"R3",rco,sty);
    Plot(IIf(yR4!=yR3 AND yR4!=yR2 AND yR4!= yR1,yR4,Null),"R4",rco,sty);  
    Plot(IIf(yR5!=yR4 AND yR5!=yR3 AND yR5!=yR2 AND yR5!=yR1,yR5,Null),"R5",rco,sty);
    Plot(IIf(yR6!=yR5 AND yR6!=yR4 AND yR6!=yR3 AND yR6!=yR2 AND yR6!=yR1,yR6,Null),"R6",rco,sty);
//=========================
//======== SUPPORT ========
//=========================
    tma= TEMA(L,spd);   
    tr= Ref(tma,1)>L AND tma<Ref(tma,-1);//Trough
    yt0= ValueWhen(tr,haL,0);
    yt1= ValueWhen(tr,haL,1);
    yt2= ValueWhen(tr,haL,2);
    trM= yt2>yt1 AND yt1<yt0;
    psq= Ref(trM,-1)==0 AND trM==1;
    yS1= ValueWhen(psq,yt1,1);  xS1= ValueWhen(psq,dtn,1);
    yS1= IIf(dtn<SelectedValue(xS1),Null,SelectedValue(yS1));
    yS2= ValueWhen(psq,yt1,2);  xS2= ValueWhen(psq,dtn,2);
    yS2= IIf(dtn<SelectedValue(xS2),Null,SelectedValue(yS2));
    yS3= ValueWhen(psq,yt1,3);  xS3= ValueWhen(psq,dtn,3);
    yS3= IIf(dtn<SelectedValue(xS3),Null,SelectedValue(yS3));
    yS4= ValueWhen(psq,yt1,4);  xS4= ValueWhen(psq,dtn,4);
    yS4= IIf(dtn<SelectedValue(xS4),Null,SelectedValue(yS4));
    yS5= ValueWhen(psq,yt1,5);  xS5= ValueWhen(psq,dtn,5);
    yS5= IIf(dtn<SelectedValue(xS5),Null,SelectedValue(yS5));
    yS6= ValueWhen(psq,yt1,6);  xS6= ValueWhen(psq,dtn,6);
    yS6= IIf(dtn<SelectedValue(xS6),Null,SelectedValue(yS6));
    Plot(yS1,"S1",sco,sty);  
    Plot(IIf(yS2!=yS1,yS2,Null),"S2",sco,sty);  
    Plot(IIf(yS3!=yS2 AND yS3!=yS1,yS3,Null),"S3",sco,sty);
    Plot(IIf(yS4!=yS3 AND yS4!=yS2 AND yS4!= yS1,yS4,Null),"S4",sco,sty);  
    Plot(IIf(yS5!=yS4 AND yS5!=yS3 AND yS5!=yS2 AND yS5!=yS1,yS5,Null),"S4",sco,sty);
    Plot(IIf(yS6!=yS5 AND yS6!=yS4 AND yS6!=yS3 AND yS6!=yS2 AND yS6!=yS1,yS6,Null),"S4",sco,sty);
   }
_SECTION_END();

1. tigernifty

almost 14 years ago

dear sir,
am facing fill colour error,,,pls guide me.. thx..
S.SURESH..ERODE.TAMILNADU…9842406366

Report as Spam

2. mahesh.aranake

almost 14 years ago

Dear Admin,
Does this formula look into future while giving buy sell signals?

Report as Spam

3. administrator

almost 14 years ago

Hello

Yes, it looks like it does.

Report as Spam

4. prakash2009

over 13 years ago

It gives signals after 4 candles.Better for postmartem.

Report as Spam

5. hoierman

over 13 years ago

In doing Exploration I can’t seem to get a BUY signal … all SELL

What do I need as the BUY criteria??

Dick H
emal: areehoi@yahoo.com

Report as Spam

6. hoierman

over 13 years ago

Administrator:
I’m not getting any response from prior comment on how to get Buy signals from Exploration. Would it b possible to put me in touch with the author so it could be resolved. Many thanks

Dick Hoierman

Report as Spam

7. administrator

over 13 years ago

Hello hoierman

I can’t give that information due to the privacy policy but I’m pretty sure that someone at the Amibroker yahoo group would be able to help if you ask there.

Report as Spam

8. pakkunet

over 13 years ago

This is because the exploration code is missing. The indicator was developed for a visual inspection via a plot on chart.

Since the code uses zigzag routines ( that looks into the future) using this as an exploration tool can be hazardous to your trading account too!

Here are the snippets of the code

nbz= Param(“Swing Bars”,20,5,150,1); xHH= HHVBars(H,nbz); xLL= LLVBars(L,nbz); yHH= HHV; yLL= LLV;

All this does is find the highest high and lowest low of the previous 20 bars. When new data comes in from the future automatically the signals will change.

This formula is best used for the support and resistance lines and best left at that.

Report as Spam

9. muoixd

over 6 years ago

Dear Admin,
Could you please kindly help me check why in my chart the signal just can appear for 2 days in M1, 7days in M5, 18days in M15, 60days in H1?

Report as Spam

Stock Portfolio Organizer

WiseTrader Toolbox

Support/Resistance Modified for Amibroker (AFL)
dkeleher
almost 14 years ago
Amibroker (AFL)

Screenshots

Similar Indicators / Formulas

Indicator / Formula

9 comments

Leave Comment

Stock Portfolio Organizer

WiseTrader Toolbox

Support/Resistance Modified for Amibroker (AFL) dkeleher almost 14 years ago Amibroker (AFL)

Screenshots

Similar Indicators / Formulas

Indicator / Formula

9 comments

Leave Comment

Support/Resistance Modified for Amibroker (AFL)
dkeleher
almost 14 years ago
Amibroker (AFL)