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Squeeze Exploration for Amibroker (AFL)
Rating:
5 / 5 (Votes 1)
Tags:
amibroker, exploration, bands
Hi,
I modified the code for Squeeze and made it appear as Ribbon and also made exploration possible. Can be used to find the stocks having squeeze in real time.
Regards,
Sreenath
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Indicator / Formula
Copy & Paste Friendly
_SECTION_BEGIN("Squeeze");
BBLength= 10;
StdDv= 2;
K1= 5;
K2= 10;
Mul= 1.25;
Mi=EMA(C, K1);
Kel= ATR(K2)*Mul;
UB= Mi + Kel;
LB= Mi - Kel;
UpB=BBandTop(H,BBLength,StdDv);
Mdb=MA(C, BBLength);
DnB=BBandBot(L,BBLength,StdDv);
//Plot (Mi,"",3,1);
//Plot (UB,"",3,1);
//Plot (LB,"",3,1);
//Plot(UpB,"",12,1);
//Plot(MdB,"",12,1);
//Plot(DnB,"",12,1);
Plot( 2, "",IIf(UpB < UB AND DnB > LB ,colorBlue,colorRed),styleOwnScale|styleArea|styleNoLabel, -2.5, 100 );
Squeeze = UpB < UB AND DnB > LB ;
Filter = Squeeze ;
AddColumn(Close,"close");
_SECTION_END();0 comments
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