Download TD Channel Type 1 For Amibroker (AFL)

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_SECTION_BEGIN("TDMA-CHANNEL-1");
/******************************************************************
 * TD Channel I: Short term indicator
 * TD says that two consecutive closes above the upper channel indicate
 * a price exhaustion to the upside.
 *
 * TD Says that two consecutive closes below the lower channel indicate
 * a price exhaustion to the downside.
 * 
 * Channel extremes are less effective if the market is trending. Use
 * the TDSequential signal or TD Combo signal to determine that trend
 * has ended.
 *
 * Improvements:
 * Notes: Seems to work best on monthly prices.
 * Author observation: A close where the open is above the upper channel
 * tends to indicate a market top. The reverse is applied for a bottom.
 *******************************************************************/
EnterType = ParamList("Security Type","Stock,Commodity");
TDPlotStyle = ParamStyle("Plot Style", styleDashed );
TDGraphColor = ParamColor("Color", colorYellow);
fHighMultiplier = 0.97;
fLowMultiplier = 1.03;
if( EnterType == "Stock" )
    {
    fHighMultiplier = 0.91;
    fLowMultiplier = 1.09;
    }
TDC1lma = MA( L, 3) * fLowMultiplier;
TDC1hma = MA( H, 3) * fHighMultiplier;
Plot( TDC1lma, "TDC2L",
        TDGraphColor,
        TDPlotStyle|styleNoRescale,
        Null, Null, 0
    );
Plot( TDC1hma, "TDC2H",
        TDGraphColor,
        TDPlotStyle|styleNoRescale,
        Null, Null, 0
    );
 
_SECTION_END();

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TD Channel Type 1 for Amibroker (AFL)
kaiji
about 15 years ago
Amibroker (AFL)

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