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The Three Day Reversal Exploration for Amibroker (AFL)
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5 / 5 (Votes 1)
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The three day reversal is a very simple pattern. When the trend is Up or Long; The Three Day Drop and When the trend is Down or Short; The 3 Day Rise.
By Prashanth – prash454 [at] Rediffmail.com
Indicator / Formula
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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 | // 3 Day Reversal by Prashanth// Knowing the Current TrendP1 = Param("Period",10,0,100,1);MyPDI= PDI(P1);//Positive Directional IndicatorMyMDI= MDI(P1);//Negative Directional Indicator (Minus)// Trend ConditionsCond1 = MyPDI > MyMDI;Cond2 = MyPDI < MyMDI;//Sell ConditionsCond3 = Ref(C,-1) > Ref(C,-2) AND Ref(C,-2) > Ref(C, -3) AND Ref(C, -3) > Ref(C, -4);Cond4 = C < Ref(C,-1) AND C < Ref(O, -1);A = H - C;B = ( ( 100 * A ) / C );D = (100 * 0.50 ) / H;E = (100 * 0.50 ) / L;Cond5 = O > (H - D); // AND B < 0.50; Cond6 = C <= (L + E);Short = Cond1 AND Cond3 AND Cond4 AND Cond5 AND Cond6;Cover = C > ShortPrice;// Buy ConditionsCond7 = C > Ref(C,-1);Cond8 = O <= (L + E);Cond9 = C >= (H - D);Buy = Cond2 AND Cond7 AND Cond8 AND Cond9;Sell = C < BuyPrice;// ApplyStop(stopTypeLoss, stopModePercent, 3, 1);Buy = ExRem(Buy, BarsSince(Buy) > 5);Sell = ExRem(Sell, BarsSince(Sell) > 5); |
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