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Isfandi Profit Taker Channel for Amibroker (AFL)

Rating:
5 / 5 (Votes 2)
Tags:
amibroker, bands

Enjoy everyone

Regards,
Isfandi

Screenshots

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Indicator / Formula

Copy & Paste Friendly
_SECTION_BEGIN("Isfandi Profit Taker Channel");
HaClose =EMA((O+H+L+C)/4,3);
HaOpen = AMA( Ref( HaClose, -1 ), 0.5 );
HaHigh = Max( H, Max( HaClose, HaOpen ) );
HaLow = Min( L, Min( HaClose, HaOpen ) );

ProfitTaker = EMA( H, 13 ) + 2 * ATR(10);
LosserTaker = EMA( L, 13 ) - 2 * ATR(10);
MidTaker = (LosserTaker+ProfitTaker)/2;
MidHigh = (MidTaker+ProfitTaker)/2;
MidLow = (MidTaker+LosserTaker)/2;
secure= (MidTaker+MidHigh)/2;
worry= (MidTaker+MidLow)/2;

outsidebar = C < secure AND C > MidTaker;
insidebar = C < MidTaker  AND C > worry;
upbar = C > MidTaker AND C > secure ;
downbar = C < MidTaker AND C < worry;

barcolor = IIf(outsidebar, colorGold,
               IIf(downbar, colorRed,
                   IIf(upbar, colorBrightGreen,
                       IIf(insidebar, 11, colorYellow)
                      )
                  ) 
              );

Title = Name() + "\\c" + barcolor + " - Color Bar Chart : " +
         WriteIf(Outsidebar, "Outside Bar",
                  WriteIf(insidebar, "Inside Bar",
                             WriteIf(upbar, "Up Bar",
                                      WriteIf(downbar, "Down Bar", "Neutral Bar")
                                   )
                         )
                );

Plot(Close, Title, barcolor, styleThick + styleCandle);
Plot( ProfitTaker, "Profit taker", colorViolet, styleLine );
Plot( LosserTaker, "LosserTaker", colorDarkBlue, styleLine );
Plot( MidTaker, "MidTaker", colorLightGrey, styleLine );
Plot( MidHigh, "MidHigh", colorDarkGreen, styleLine );
Plot( MidLow, "MidLow", colorPlum, styleLine );
Plot( secure, "secure", colorPlum, styleLine );
Plot( worry, "worry", colorPlum, styleLine );
PlotOHLC(MidHigh, MidHigh, secure, secure, "", IIf(MidHigh > secure,colorDarkGreen, colorDarkGreen),styleNoLabel|styleCloud );
PlotOHLC(MidLow, MidLow, worry, worry, "", IIf(MidLow > worry,colorPlum, colorPlum),styleNoLabel|styleCloud );
_SECTION_END();

5 comments

1. didicapital

Punteun, abdi cobian kang.. Nuhun ah, Insya Allah bermanfaat..

2. anandnst

code is not working

3. Rakesh Kumar

Working fine for me.

4. macerina

does anyone have the indicator at the bottom of this chart

Pls post the afl … thanks

5. jeyaraman

Excellent work and fine afl…..Thanks a lot

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