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Fix Kenzie SR System for Amibroker (AFL)
Rating:
4 / 5 (Votes 13)
Tags:
trading system, amibroker, bands
modified the formula from http://www.wisestocktrader.com/indicators/2238-kenzie-sr-system
- fixed the OHLC price not showing issue
- added to plot buy/sell price along with signals.
- add filter to scan high volumn stock only.
- change color of fonts so that they can be read easily with while background.
- tested with Amibroker 5.4
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Indicator / Formula
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//--------------------------------------------------------------//
// Kenzie SR System - 09/2010
// Modified By Kenzie Sebastian (kenziesr@yahoo.co.id)
// Shared for milis amibroker-4-bei@yahoogroups.com
//
// - fixed the OHLC price not showing issue.
// - added to plot buy/sell price along with signals.
// - add filter to scan high volumn stock only.
// - change color of fonts so that they can be read easily with // while background.
//--------------------------------------------------------------
SetBarsRequired( 800, 0 );
GraphXSpace = 7;
SetChartOptions( 0, chartShowArrows | chartShowDates );
// set criteria to scan for big stock only;
BigStock = MA( V, 10 ) * MA( C, 10 ) > 1000000;
//---------------Color------------------------
per1 = 6;
per2 = 2;
Om = MA( O, per1 );
hm = MA( H, per1 );
lm = MA( L, per1 );
Cm = MA( C, per1 );
// 1. Heiken Ashi
HACLOSE = ( Om + Hm + Lm + Cm ) / 4;
HaOpen = AMA( Ref( HaClose, -1 ), 0.5 );
HaHigh = Max( Hm, Max( HaClose, HaOpen ) );
HaLow = Min( Lm, Min( HaClose, HaOpen ) );
Of = MA( Haopen, per2 );
Cf = MA( Haclose, per2 );
Lf = IIf( haOpen < haClose, MA( Halow, per2 ), MA( Hahigh, per2 ) );
Hf = IIf( haOpen < haClose, MA( Hahigh, per2 ), MA( Halow, per2 ) );
//Color = IIf( Cf > Of, colorGreen, colorRed );
//----------------------------------------------------
TrailStop = HHV( C - 2 * ATR( 10 ), 15 );
ProfitTaker = EMA( H, 13 ) + 2 * ATR( 10 );
/* **********************************
Code to automatically identify pivots
********************************** */
// -- what will be our lookback range for the hh and ll?
farback = 140; //How Far back to go
nBars = 12; //Number of bars
// -- Create 0-initialized arrays the size of barcount
aHPivs = H - H;
aLPivs = L - L;
// -- More for future use, not necessary for basic plotting
aHPivHighs = H - H;
aLPivLows = L - L;
aHPivIdxs = H - H;
aLPivIdxs = L - L;
nHPivs = 0;
nLPivs = 0;
lastHPIdx = 0;
lastLPIdx = 0;
lastHPH = 0;
lastLPL = 0;
curPivBarIdx = 0;
// -- looking back from the current bar, how many bars
// back were the hhv and llv values of the previous
// n bars, etc.?
aHHVBars = HHVBars( H, nBars );
aLLVBars = LLVBars( L, nBars );
aHHV = HHV( H, nBars );
aLLV = LLV( L, nBars );
// -- Would like to set this up so pivots are calculated back from
// last visible bar to make it easy to "go back" and see the pivots
// this code would find. However, the first instance of
// _Trace output will show a value of 0
aVisBars = Status( "barvisible" );
nLastVisBar = LastValue( Highest( IIf( aVisBars, BarIndex(), 0 ) ) );
_TRACE( "Last visible bar: " + nLastVisBar );
// -- Initialize value of curTrend
curBar = ( BarCount - 1 );
curTrend = "";
if ( aLLVBars[curBar] < aHHVBars[curBar] )
{
curTrend = "D";
}
else
{
curTrend = "U";
}
// -- Loop through bars. Search for
// entirely array-based approach
// in future version
for ( i = 0; i < BarCount; i++ )
{
curBar = ( BarCount - 1 ) - i;
// -- Have we identified a pivot? If trend is down...
if ( aLLVBars[curBar] < aHHVBars[curBar] )
{
// ... and had been up, this is a trend change
if ( curTrend == "U" )
{
curTrend = "D";
// -- Capture pivot information
curPivBarIdx = curBar - aLLVBars[curBar];
aLPivs[curPivBarIdx] = 1;
aLPivLows[nLPivs] = L[curPivBarIdx];
aLPivIdxs[nLPivs] = curPivBarIdx;
nLPivs++;
}
// -- or current trend is up
}
else
{
if ( curTrend == "D" )
{
curTrend = "U";
curPivBarIdx = curBar - aHHVBars[curBar];
aHPivs[curPivBarIdx] = 1;
aHPivHighs[nHPivs] = H[curPivBarIdx];
aHPivIdxs[nHPivs] = curPivBarIdx;
nHPivs++;
}
// -- If curTrend is up...else...
}
// -- loop through bars
}
// -- Basic attempt to add a pivot this logic may have missed
// -- OK, now I want to look at last two pivots. If the most
// recent low pivot is after the last high, I could
// still have a high pivot that I didn't catch
// -- Start at last bar
curBar = ( BarCount - 1 );
candIdx = 0;
candPrc = 0;
lastLPIdx = aLPivIdxs[0];
lastLPL = aLPivLows[0];
lastHPIdx = aHPivIdxs[0];
lastHPH = aHPivHighs[0];
if ( lastLPIdx > lastHPIdx )
{
// -- Bar and price info for candidate pivot
candIdx = curBar - aHHVBars[curBar];
candPrc = aHHV[curBar];
if (
lastHPH < candPrc AND
candIdx > lastLPIdx AND
candIdx < curBar )
{
// -- OK, we'll add this as a pivot...
aHPivs[candIdx] = 1;
// ...and then rearrange elements in the
// pivot information arrays
for ( j = 0; j < nHPivs; j++ )
{
aHPivHighs[nHPivs-j] = aHPivHighs[nHPivs- ( j+1 )];
aHPivIdxs[nHPivs-j] = aHPivIdxs[nHPivs-( j+1 )];
}
aHPivHighs[0] = candPrc ;
aHPivIdxs[0] = candIdx;
nHPivs++;
}
}
else
{
// -- Bar and price info for candidate pivot
candIdx = curBar - aLLVBars[curBar];
candPrc = aLLV[curBar];
if (
lastLPL > candPrc AND
candIdx > lastHPIdx AND
candIdx < curBar )
{
// -- OK, we'll add this as a pivot...
aLPivs[candIdx] = 1;
// ...and then rearrange elements in the
// pivot information arrays
for ( j = 0; j < nLPivs; j++ )
{
aLPivLows[nLPivs-j] = aLPivLows[nLPivs-( j+1 )];
aLPivIdxs[nLPivs-j] = aLPivIdxs[nLPivs-( j+1 )];
}
aLPivLows[0] = candPrc;
aLPivIdxs[0] = candIdx;
nLPivs++;
}
}
//============== EXPLORATION ==============
Buy = Cover = BigStock AND aLPivs == 1;
Sell = Short = BigStock AND aHPivs == 1;
SellPrice = ValueWhen( Sell, C, 1 );
BuyPrice = ValueWhen( Buy, C, 1 );
Long = Flip( Buy, Sell );
Shrt = Flip( Sell, Buy );
//============== Plot price ==============
n = 15;
a = C > ( MA( H, n ) + MA( L, n ) ) / 2;// then Buy next bar at market;
b = C < ( MA( H, n ) + MA( L, n ) ) / 2;// then Sell Short next bar at market;
state = IIf( BarsSince( a ) < BarsSince( b ), 1, 0 );
Longs = state == 1;
shorts = state == 0;
//Chart
Colorbar = IIf( Longs, colorGreen, IIf( Shorts, colorRed, colorGrey40 ) );
Plot( C, "Close", colorbar, styleCandle = 64 | styleNoTitle );
//============== Plot Shape ==============
PlotShapes( IIf( aHPivs == 1, shapeDownArrow, shapeNone ), colorOrange, 0, High, Offset = -12 );
PlotShapes( IIf( aLPivs == 1, shapeUpArrow , shapeNone ), colorLime, 0, Low, Offset = -12 );
PlotShapes( IIf(Buy, shapeSmallCircle, shapeNone),colorBrightGreen, 0, BuyPrice, 0 );
PlotShapes( IIf(Sell, shapeSmallCircle, shapeNone),colorRed, 0 ,SellPrice, 0 );
FirstVisibleBar = Status( "FirstVisibleBar" );
Lastvisiblebar = Status("LastVisibleBar");
for( b = Firstvisiblebar; b <= Lastvisiblebar AND b < BarCount; b++)
{
if( Buy[b] ) PlotText("\n Buy\n "+NumToStr(BuyPrice[b],1.2),b,BuyPrice[b],colorBrightGreen);
else if( Sell[b] ) PlotText("\n Sell\n "+NumToStr(SellPrice[b],1.2),b,SellPrice[b],colorRed);
}
//============== EMA(13) ==============
Plot( EMA( C, 13 ), "", colorBlue, styleLine + styleNoRescale );
//============== TRENDING ==============
DTL = 150; // DTL = Define Trend Long
DTM = 70; // DTM = Define Trend Medium
DTS = 14; // DTS = Define Trend Short
TL = LinRegSlope( MA( C, DTL ), 2 ); // TL = Trend Long
TM = LinRegSlope( MA( C, DTM ), 2 ); // TM = Trend Medium
TS = LinRegSlope( MA( C, DTS ), 2 ); // TS = Trend Short
TLL = IIf( LinRegSlope( MA( C, DTL ), 2 ) > 0, True, False );
TMM = IIf( LinRegSlope( MA( C, DTM ), 2 ) > 0, True, False );
TSS = IIf( LinRegSlope( MA( C, DTS ), 2 ) > 0, True, False );
//============== VOLUME ==============
Vlp = 30; //Volume lookback period
Vrg = MA( V, Vlp );
St = StDev( Vrg, Vlp );
Vp3 = Vrg + 3 * st;
Vp2 = Vrg + 2 * st;
Vp1 = Vrg + 1 * st;
Vn1 = Vrg - 1 * st;
Vn2 = Vrg - 2 * st;
//============== WILLIAM'S %R ==============
WR = ( ( HHV( H, 14 ) - C ) / ( HHV ( H, 14 ) - LLV ( L, 14 ) ) ) * -100;
//============== A/D ==============
TRH = IIf( Ref( C, -1 ) > H, Ref( C, -1 ), H );
TRL = IIf( Ref( C, -1 ) < L, Ref( C, -1 ), L );
ad = IIf( C > Ref( C, -1 ), C - TRL, IIf( C < Ref( C, -1 ), C - TRH, 0 ) );
WAD = Cum( ad );
wu = wad > Ref( wad, -1 );
wd = wad < Ref( wad, -1 );
//============== MACD ==============
MB = Cross ( MACD(), Signal() );
MS = Cross( Signal(), MACD() );
MB = ExRem( MB, MS );
MS = ExRem( MS, MB );
MB1 = MACD() > Signal();
MS1 = MACD() < Signal();
//============== STOCH ==============
StochKval = StochK( 10, 5 );
StochDval = StochD( 10, 5, 5 );
StochBuy = Cross( StochK( 10, 5 ), StochD( 10, 5, 5 ) );
StochSell = Cross ( StochD( 10, 5, 5 ), StochK( 10, 5 ) );
StBuy = StochK( 10, 5 ) > StochD( 10, 5, 5 );
StSell = StochK( 10, 5 ) < StochD( 10, 5, 5 );
//============== ADX ==============
adxBuy = Cross( PDI( 14 ), MDI( 14 ) );
adxSell = Cross( MDI( 14 ), PDI( 14 ) );
adxBuy = ExRem( adxBuy, adxSell );
adxSell = ExRem( adxSell, adxBuy );
adxbuy1 = PDI( 14 ) > MDI( 14 );
adxsell1 = MDI( 14 ) > PDI( 14 );
//============== TMA ==============
function ZeroLagTEMA( array, period )
{
TMA1 = TEMA( array, period );
TMA2 = TEMA( TMA1, period );
Diff = TMA1 - TMA2;
return TMA1 + Diff ;
}
haClose = ( haClose + haOpen + haHigh + haLow ) / 4;
periodtm = 55;
ZLHa = ZeroLagTEMA( haClose, periodtm );
ZLTyp = ZeroLagTEMA( Avg, periodtm );
TMBuy = Cross( ZLTyp, ZLHa );
TMSell = Cross( ZLHa, ZLTyp );
TMBuy1 = ZLTyp > ZLHa ;
TMSell1 = ZLHa > ZLTyp ;
//============== ZLW ==============
R = ( ( HHV( H, 14 ) - C ) / ( HHV ( H, 14 ) - LLV ( L, 14 ) ) ) * -100;
MaxGraph = 10;
PeriodZ = 10;
EMA1 = EMA( R, PeriodZ );
EMA2 = EMA( EMA1, 5 );
Difference = EMA1 - EMA2;
ZeroLagEMA = EMA1 + Difference;
PR = 100 - abs( ZeroLagEMA );
MoveAvg = MA( PR, 5 );
ZBuy = Cross( PR, moveAvg ) AND PR < 30;
ZSell = Cross( moveAvg, PR ) AND PR > 70;
ZBuy1 = PR >= MoveAvg AND PR >= Ref( PR, -1 ) ;
ZSell1 = ( PR < MoveAvg ) OR PR >= MoveAvg AND PR < Ref( PR, -1 ) ;
//============== RS ==============
p = ( H + L + C ) / 3;
r1 = ( 2 * p ) - L;
s1 = ( 2 * p ) - H;
r2 = p + ( r1 - s1 );
s2 = p - ( r2 - s1 );
R3 = P + ( R2 - S2 );
S3 = P - ( R3 - S2 );
//============== IBUY ==============
Ibuy = Cross( RSI( 14 ), EMA( RSI( 14 ), 9 ) );
Isell = Cross( EMA( RSI( 14 ), 9 ), RSI( 14 ) );
Ibuy = ExRem( Ibuy, ISell );
Isell = ExRem( ISell, Ibuy );
BlRSI = RSI( 14 ) > EMA( RSI( 14 ), 9 );
BrRSI = RSI( 14 ) < EMA( RSI( 14 ), 9 );
//============== TITLE ==============
_SECTION_BEGIN( "Title" );
printf( "Open : " + O );
if ( Status( "action" ) == actionIndicator )
(
Title = EncodeColor( colorBlack ) + "Kenzie SR System" + EncodeColor( colorBlack ) + " (" + Name() + ") " + EncodeColor( colorBlack ) + Interval( 2 ) +
" " + Date() + " " + " ? Open " + O + " ? " + "Hi " + H + " ? " + "Lo " + L + " ? " +
"Close " + C + " (" + WriteVal( C - Ref( C, -1 ), 1, 0 ) + " " + WriteVal( ( C - Ref( C, -1 ) ) * 100 / Ref( C, -1 ), 1.1 ) + "%) ? Vol= " + WriteVal( V, 1.0 )
+ " " + WriteIf( V > Vp2, EncodeColor( colorLime ) + "(Very High)", WriteIf( V > Vp1, EncodeColor( colorLime ) + "(High)", WriteIf( V > Vrg, EncodeColor( colorLime ) + "(Above Average)",
WriteIf( V<Vrg AND V>Vn1, EncodeColor( ColorRGB( 255, 0, 128 ) ) + "(Less than Average)", WriteIf( V < Vn1, "(Low)", "" ) ) ) ) ) + EncodeColor( colorGrey50 ) + " ? "
+ EncodeColor( colorLime ) + "EMA(Close,13) = " + WriteVal( EMA( C, 13 ), 1.2 )
+ "\n" + EncodeColor( colorGrey50 ) + "--------------------------------------"
+ "\n" + EncodeColor( colorBlack ) +
WriteIf ( Buy , "Signal: Go Long - Entry Price: " + WriteVal( C, 1.2 ) + " - Last Exit Price: " + WriteVal( SellPrice, 1.2 )
+ " (" + WriteVal( ( BuyPrice - SellPrice ), 1.2 ) + ") - StopLoss: " + WriteVal( C * .95, 1.2 ) + " - Reward Risk Ratio: " + WriteVal( ( profittaker - C ) / ( C - C * 0.95 ), 1.2 ) + " - " + EncodeColor( colorLime ) + "Strong Buy!"
, "" ) +
WriteIf ( Sell , "Signal: Go Short - Exit Price: " + WriteVal( C, 1.2 ) + " - Profit: " + WriteVal( ( SellPrice - BuyPrice ), 1.2 ) + " (" + WriteVal( ( ( SellPrice - BuyPrice ) * 100 / BuyPrice ), 1.1 ) + "%)" + " - Profit Taking!", "" ) +
EncodeColor( ColorRGB( 111, 208, 255 ) ) +
WriteIf( Long AND NOT Buy, "Trade: Long - Entry Price: " + WriteVal( ( BuyPrice ), 1.2 ) + " - Profit: " + WriteVal( ( C - BuyPrice ), 1.2 ) + " (" + WriteVal( ( ( C - BuyPrice ) * 100 / BuyPrice ), 1.1 ) + "%)" +
" - StopLoss:" + WriteVal( ( BuyPrice * .95 ), 1.2 ) + " - Reward Risk Ratio: " + WriteVal( ( profittaker - BuyPrice ) / ( BuyPrice - BuyPrice * 0.95 ), 1.2 ) + " - " + EncodeColor( colorLime ) + "Let your profit runs!", "" ) +
WriteIf( shrt AND NOT Sell, "Trade: Short - Exit Price: " + WriteVal( ( SellPrice ), 1.2 ) + " - Profit: " + WriteVal( ( SellPrice - BuyPrice ), 1.2 ) + " (" + WriteVal( ( ( SellPrice - BuyPrice ) * 100 / BuyPrice ), 1.1 ) + "%) - " + EncodeColor( colorLime ) + "Watch for Strong Buy Signal!", "" )
+ "\n" + EncodeColor( colorGrey50 ) + "--------------------------------------"
+ "\n" + EncodeColor( colorBlack ) + "?Short Term: " +
WriteIf( TS > 0 AND TS < 0.3, EncodeColor( colorLime ) + "Weak Up Trend",
WriteIf( TS >= 0.3 AND TS < 0.6 , EncodeColor( colorBlack ) + "Medium Up Trend",
WriteIf( TS >= 0.6, EncodeColor( colorGreen ) + "Strong Up Trend",
WriteIf( TS<0 AND TS> -0.3, EncodeColor( colorPink ) + "Weak Down Trend",
WriteIf( TS <= -0.3 AND TS > -0.6 , EncodeColor( ColorRGB( 255, 0, 128 ) ) + "Medium Down Trend",
WriteIf( TS <= -0.6, EncodeColor( colorRed ) + "Strong Down Trend", EncodeColor( colorGrey50 ) + "Sideways" ) ) ) ) ) )
+ "\n" + EncodeColor( colorBlack ) + "?Mid Term: " +
WriteIf( TM > 0 AND TM < 0.3, EncodeColor( colorLime ) + "Weak Up Trend",
WriteIf( TM >= 0.3 AND TM < 0.6 , EncodeColor( colorBlack ) + "Medium Up Trend",
WriteIf( TM >= 0.6, EncodeColor( colorGreen ) + "Strong Up Trend",
WriteIf( TM<0 AND TM> -0.3, EncodeColor( colorPink ) + "Weak Down Trend",
WriteIf( TM <= -0.3 AND TM > -0.6 , EncodeColor( ColorRGB( 255, 0, 128 ) ) + "Medium Down Trend",
WriteIf( TM <= -0.6, EncodeColor( colorRed ) + "Strong Down Trend", EncodeColor( colorGrey50 ) + "Sideways" ) ) ) ) ) )
+ "\n" + EncodeColor( colorBlack ) + "?Long Term: " +
WriteIf( TL > 0 AND TL < 0.3, EncodeColor( colorLime ) + "Weak Up Trend",
WriteIf( TL >= 0.3 AND TL < 0.6 , EncodeColor( colorBlack ) + "Medium Up Trend",
WriteIf( TL >= 0.6, EncodeColor( colorGreen ) + "Strong Up Trend",
WriteIf( TL<0 AND TL> -0.3, EncodeColor( colorPink ) + "Weak Down Trend",
WriteIf( TL <= -0.3 AND TL > -0.6 , EncodeColor( ColorRGB( 255, 0, 128 ) ) + "Medium Down Trend",
WriteIf( TL <= -0.6, EncodeColor( colorRed ) + "Strong Down Trend", EncodeColor( colorGrey50 ) + "Sideways" ) ) ) ) ) )
+ "\n" + EncodeColor( colorGrey50 ) + "--------------------------------------"
+ "\n" + EncodeColor( 47 ) + "?AccDist(): " + WriteIf( wu, EncodeColor( colorBlack ) + "Accumulation", WriteIf( wd, EncodeColor( colorRed ) + "Distribution", "Neutral" ) )
+ "\n" + EncodeColor( 47 ) + "?RSI(14): " + WriteIf( RSI( 14 ) > 30 AND RSI( 14 ) < 70, EncodeColor( colorBlack ), WriteIf( RSI( 14 ) < 30 , EncodeColor( colorBlue ), EncodeColor( colorRed ) ) ) + WriteVal( RSI( 14 ), format = 1.1 )
+ WriteIf( RSI( 14 ) > 30 AND RSI( 14 ) < 70, " Range" + EncodeColor( colorBlack ), WriteIf( RSI( 14 ) < 30 , " OverSold" + EncodeColor( colorBlue ), " OverBought" + EncodeColor( colorRed ) ) )
+ "\n" + EncodeColor( 47 ) + "?CCI(14): " + WriteIf( CCI( 14 ) > -100 AND CCI( 14 ) < 100, EncodeColor( colorBlack ), WriteIf( CCI( 14 ) < -100 , EncodeColor( colorBlue ), EncodeColor( colorRed ) ) ) + WriteVal( CCI( 14 ), format = 1.1 )
+ WriteIf( CCI( 14 ) > -100 AND CCI( 14 ) < 100, " Range" + EncodeColor( colorBlack ), WriteIf( CCI( 14 ) < -100 , " OverSold" + EncodeColor( colorBlue ), " OverBought" + EncodeColor( colorRed ) ) )
+ "\n" + EncodeColor( 47 ) + "?ROC(C,14): " + WriteIf( ROC( C, 14 ) > -10 AND ROC( C, 14 ) < 10, EncodeColor( colorBlack ), WriteIf( ROC( C, 14 ) < -10 , EncodeColor( colorBlue ), EncodeColor( colorRed ) ) ) + WriteVal( ROC( C, 14 ), format = 1.1 )
+ WriteIf( ROC( C, 14 ) > -10 AND ROC( C, 14 ) < 10, " Range" + EncodeColor( colorBlack ), WriteIf( ROC( C, 14 ) < -10 , " OverSold" + EncodeColor( colorBlue ), " OverBought" + EncodeColor( colorRed ) ) )
+ "\n" + EncodeColor( 47 ) + "?Wm%R(14): " + WriteIf( WR > -80 AND WR < -20, EncodeColor( colorBlack ), WriteIf( WR < -80 , EncodeColor( colorBlue ), EncodeColor( colorRed ) ) ) + WriteVal( WR, format = 1.1 )
+ WriteIf( WR > -80 AND WR < -20, " Range" + EncodeColor( colorBlack ), WriteIf( WR < -80 , " OverSold" + EncodeColor( colorBlue ), " OverBought" + EncodeColor( colorRed ) ) )
+ "\n" + EncodeColor( colorGrey50 ) + "--------------------------------------"
+ "\n" + EncodeColor( colorBlack ) + "?Signal(IBuy): " + WriteIf( Ibuy, EncodeColor( colorBlack ) + "BuyWarning", WriteIf( Isell, EncodeColor( colorRed ) + "SellWarning", WriteIf( BlRSI, EncodeColor( colorBlack ) + "BullishZone", WriteIf( BrRSI, EncodeColor( colorRed ) + "BearishZone", "Neutral" ) ) ) )
+ "\n" + EncodeColor( colorBlack ) + "?Signal(TMA): " + WriteIf( TMBuy, EncodeColor( colorBlack ) + "Buy", WriteIf( TMSell, EncodeColor( colorRed ) + "Sell", WriteIf( TMBuy1, EncodeColor( colorBlack ) + "Bullish", WriteIf( TMSell1, EncodeColor( colorRed ) + "Bearish", "Neutral" ) ) ) )
+ "\n" + EncodeColor( colorBlack ) + "?Signal(MACD): " + WriteIf( MB, EncodeColor( colorBlack ) + "Buy", WriteIf( MS, EncodeColor( colorRed ) + "Sell", WriteIf( MB1, EncodeColor( colorBlack ) + "Bullish", WriteIf( MS1, EncodeColor( colorRed ) + "Bearish", "Neutral" ) ) ) )
+ "\n" + EncodeColor( colorBlack ) + "?Signal(Stoch): " + WriteIf( StochBuy, EncodeColor( colorBlack ) + "Buy", WriteIf( StochSell, EncodeColor( colorRed ) + "Sell", WriteIf( StBuy, EncodeColor( colorBlack ) + "Bullish", WriteIf( StSell, EncodeColor( colorRed ) + "Bearish", "Neutral" ) ) ) )
+ "\n" + EncodeColor( colorBlack ) + "?Signal(ADX): " + WriteIf( adxBuy, EncodeColor( colorBlack ) + "Buy", WriteIf( adxSell, EncodeColor( colorRed ) + "Sell", WriteIf( adxBuy1, EncodeColor( colorBlack ) + "Bullish", WriteIf( adxSell1, EncodeColor( colorRed ) + "Bearish", "Neutral" ) ) ) )
+ "\n" + EncodeColor( colorGrey50 ) + "--------------------------------------"
+ "\n" + EncodeColor( 47 ) + "?TrStop: " + EncodeColor( colorLime ) + WriteVal( TrailStop, format = 1.0 )
+ EncodeColor( 47 ) + " TrgPrice: " + EncodeColor( colorLime ) + WriteVal( Profittaker, format = 1.0 )
+ "\n" + EncodeColor( 47 ) + "?R1: " + EncodeColor( colorOrange ) + WriteVal( r1, format = 1.0 )
+ EncodeColor( 47 ) + " R2: " + EncodeColor( colorOrange ) + WriteVal( r2, format = 1.0 )
+ EncodeColor( 47 ) + " R3: " + EncodeColor( colorOrange ) + WriteVal( r3, format = 1.0 )
+ "\n" + EncodeColor( 47 ) + "?S1: " + EncodeColor( colorOrange ) + WriteVal( s1, format = 1.0 )
+ EncodeColor( 47 ) + " S2: " + EncodeColor( colorOrange ) + WriteVal( s2, format = 1.0 )
+ EncodeColor( 47 ) + " S3: " + EncodeColor( colorOrange ) + WriteVal( s3, format = 1.0 )
+ "\n" + EncodeColor( colorGrey50 ) + "--------------------------------------"
);
//============== BACKGROUND NAME ==============
pxwidth = Status( "pxwidth" );
pxheight = Status( "pxheight" );
GfxSetOverlayMode( 1 );
GfxSetBkMode( 0 ); // transparent
GfxSelectFont( "Amienne", Status( "pxheight" ) / 15 );
GfxSetTextColor( colorGrey40 );
//GfxTextOut( "Kenzie Sebastian", Status("pxwidth")/5.3, Status("pxheight")/5 );
//============================
////BACKGROUND COLOR////////////////////////////////////////////////////////
//SetChartBkColor(ColorRGB(255,200,255));
//SetChartBkGradientFill( colorPlum, colorPlum);
/////////////////////////////////////////////////////////////////////////////////////
_SECTION_END();
_SECTION_BEGIN( "Keltner Bands" );
P = ParamField( "Price field", -1 );
Periods = Param( "Periods", 15, 2, 300, 1 );
Width = Param( "Width", 2, 0, 10, 0.05 );
Color = ParamColor( "Color", colorCycle );
Style = ParamStyle( "Style" );
CenterLine = MA( P, Periods );
KTop = CenterLine + Width * ATR( Periods );
KBot = CenterLine - Width * ATR( Periods );
Plot( KTop, "KBTop" + _PARAM_VALUES(), Color, Style );
Plot( KBot, "KBBot" + _PARAM_VALUES(), Color, Style );
_SECTION_END();18 comments
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What u have use? but it is good formula. Are u trade on this formula?
I will do back test and post the results. Thanks for posting.
dear admin
seems to look into future – please confirm
Hi mahesh.aranake
Most pivot point formulas look into the future including this one.
every buy and sell symbol,rates change time to time @ new high or low
Buy & Sell Signal are same. So what the modification. Even previous version fonts were more clear than this one.
I think that this trading system look in the future and move the operation sygnal (buy/sell) also after that more bars are completed. Is it normal? How is it possible to fix? The right method to test it, is only with walk forward test? Is it right? What do you think?
it does look in the future. But it gives a good “heads up” on potential turning points for buy (sell on the other hand, usually comes in late :( ). So should be used as a “semi-auto” signal (i.e. look for other confirmations when a “buy” shows up, and rely on other like SwingN or KPL for sell). should have used more parameters in the formula too.
well. actually didn’t expect this many comments for an modified formula :P
Ok, I appreciate very well your trading system and your observation.
Becuase you have specified two suggestion for the sell signal, what do you recommend for buy signal in liquid market as a index?
very good for intraday
thank you
Good System to trade for Intraday.
Can anyone please code a non repainting version of this code ? The buy & sell signals changes as price changes but otherwise its a good afl for short term trading
it’s simply useless..been following since 5 days, it wasn’t giving any strong buy but only “wait for strong buy” signal but now I check it and it says it was the strong buy 3 days ago..
how to scan/explore with this AFL?
The system show signals to buy to sell on the last chart, not in advance.
it makes no sense.
Error on row 247
Plot( C, “Close”, colorbar, styleCandle = 64 | styleNoTitle );
Post mortem afl.
It is absolutely fine for intraday except stoploss. for future stoploss is very high in anytimeframe whereas for option it is ok, can it be fixed. If someone can help as I don’t know the coding