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WiseTrader Toolbox
#1 Selling Amibroker Plugin featuring:
H-L Ribbon for Amibroker (AFL)
This ribbon is created based on price movement.
Upper ribbon is for high to high movement. Lower ribbon is for low to low movement.
Green-Green : Strong bullish
Red-Red : Strong bearish
Yellow : sideways
Screenshots
Similar Indicators / Formulas
Indicator / Formula
/* This ribbon is created based on price movement. Upper ribbon is for high to high movement. Lower ribbon is for low to low movement. Green-Green : Strong bullish Red-Red : Strong bearish Yellow : sideways */ _SECTION_BEGIN("H-L Ribbon"); uptrendH=Ref(H,0)>Ref(H,-1); downtrendH=Ref(H,0)<Ref(H,-1); Ribbon1=IIf( uptrendH, colorBrightGreen, IIf( downtrendH, colorRed, colorYellow)); uptrendL=Ref(L,0)>Ref(L,-1); downtrendL=Ref(L,0)<Ref(L,-1); Ribbon2=IIf( uptrendL, colorBrightGreen, IIf( downtrendL, colorRed, colorYellow)); Plot( 2, "", Ribbon2, styleOwnScale|styleArea|styleNoLabel, -0.5, 100); Plot( 4, "", Ribbon1, styleOwnScale| styleArea| styleNoLabel, -0.5, 100); _SECTION_END();
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what a waste. same information is being shown by candlecharts as well as ribbons below.