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Simple Chaikin Buy Sell for Amibroker (AFL)

jachyuen over 14 years ago Amibroker (AFL)

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    5 / 5 (Votes 1)
  • Tags:
    oscillator, trading system, amibroker

Simple Chaikin Buy Sell as introduced in p.422 in “TECHNICAL ANALYSIS THE COMPLETE RESOURCE FOR FINANCIAL MARKET TECHNICIANS”

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Indicator / Formula

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_SECTION_BEGIN("Simple Chaikin Buy Sell");
r1 = Param( "Fast avg", 6, 2, 200, 1 );
r2 = Param( "Slow avg", 20, 2, 200, 1 );
Cha = Chaikin(r1,r2);
topCDev = StDev(Chaikin(r1,r2),r1);
botCDev = -StDev(Chaikin(r1,r2),r1);
Plot( Cha, "Chaikin", ParamColor( "Color",  colorCycle ), ParamStyle("Style")  );
Plot( topCDev, "topDev", ParamColor( "Color",  colorCycle ), ParamStyle("Style")  );
Plot( botCDev, "bottomDev", ParamColor( "Color",  colorCycle ), ParamStyle("Style")  );
Buy=Cross(Cha, botCDev);
Sell=Cross(topCDev, Cha);
Buy = ExRem( Buy, Sell );
Sell = ExRem( Sell, Buy ); 
shape=Buy*shapeUpArrow + Sell*shapeDownArrow;
PlotShapes(shape,IIf(Buy,colorBlue,colorRed),0,IIf(Buy,Low,High));
Plot( 0, _DEFAULT_NAME(), ParamColor( "Color",  colorCycle ), ParamStyle("Style")  );
_SECTION_END();

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