Stock Portfolio Organizer

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

WiseTrader Toolbox

#1 Selling Amibroker Plugin featuring:

Advanced Adaptive Indicators
Advanced Pattern Exploration
Neural Networks
And Much More ....
Find Out More Here

DETECTING DOUBLE TOPS for Amibroker (AFL)

Rating:
5 / 5 (Votes 1)
Tags:
trading system, amibroker

Detects Double Tops

Similar Indicators / Formulas

weighted moving average scan
Submitted by naninn almost 14 years ago
Kase Peak Osc. V2 batu
Submitted by batu1453 over 10 years ago
Kase CD V2batu
Submitted by batu1453 over 10 years ago
Ichimoku
Submitted by prashantrdx over 10 years ago
EMA System Ribbon
Submitted by yo123 almost 14 years ago
Three-Bar Inside Bar Pattern
Submitted by EliStern over 13 years ago

Indicator / Formula

Copy & Paste Friendly
percdiff = 5; /* peak detection threshold */
fwdcheck = 5; /* forward validity check */
mindistance = 10;
validdiff = percdiff/400;
PK= Peak( H, percdiff, 1 ) == HIGH;

x = Cum( 1 );
XPK1 =  ValueWhen( PK, x, 1 ); 
XPK2 = ValueWhen( PK, x, 2 ); 

peakdiff = ValueWhen( PK, H, 1 )/ValueWhen( PK, H, 2 );
doubletop = PK AND abs( peakdiff - 1 ) < validdiff AND (XPK1 - XPK2)>mindistance
AND HIGH > HHV( Ref( H, fwdcheck ), fwdcheck - 1 );
buy = doubletop;
sell = 0;

writeif( highest( doubletop ) == 1, "AmiBroker has detected some possible double top patterns for " + name() + "\nLook for green arrows on the price chart.", "There are no double top patterns for " + name() );

1 comments

1. narbassi

Detecting Double Tops Code

Leave Comment

Please login here to leave a comment.

Back