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Cowabunga for Amibroker (AFL)

kuwait over 16 years ago Amibroker (AFL)

  • Rating:
    4 / 5 (Votes 5)
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Cowabunga trading system.

Screenshots

Indicator / Formula

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_SECTION_BEGIN("COWABUNGA");

E5 = EMA(C, 5);
E10 = EMA(C, 10);

R = RSI(9);
SK = StochK(10, 3);
SD = StochD(10, 3, 3);
MH = MACD(12, 26) - Signal(12, 26, 9);

//Conditions for Buying

Cond1 = E5 > E10;
Cond2 = R > 50;
Cond3 = SD < 80 AND SD > Ref(SD, -1);
Cond4 = MH > 0 OR (MH < 0 AND MH > Ref(MH, -1));

//Conditions for Selling

Cond5 = E10 > E5;
Cond6 = R < 50;
Cond7 = SD > 20 AND SD < Ref(SD, -1);
Cond8 = MH < 0 OR (MH > 0 AND MH < Ref(MH, -1));

Buy = Cond1 AND Cond2 AND Cond3 AND Cond4;
Sell = Cond5 AND Cond6 AND Cond7 AND Cond8;

Buy = ExRem(Buy, Sell);
Sell = ExRem(Sell, Buy);

Plot(C, "", colorGrey40, styleBar);
Plot(E5, "EMA5", colorGreen, styleLine);
Plot(E10,"EMA10", colorRed, styleLine);

PlotShapes(IIf(Buy, shapeSquare, shapeNone),colorGreen, 0, L, Offset=-20);
PlotShapes(IIf(Buy, shapeSquare, shapeNone),colorLime, 0,L, Offset=-30); 
PlotShapes(IIf(Buy, shapeUpArrow, shapeNone),colorWhite, 0,L, Offset=-25); 
PlotShapes(IIf(Sell, shapeSquare, shapeNone),colorRed, 0, H, Offset=20);
PlotShapes(IIf(Sell, shapeSquare, shapeNone),colorOrange, 0,H, Offset=30); 
PlotShapes(IIf(Sell, shapeDownArrow, shapeNone),colorWhite, 0,H, Offset=-25);

_SECTION_END();

3 comments

1. sajid
over 16 years ago

GOOD FORMULA, BUT DONT KNOW WHICH PERIAD IT GIVE GOOD EFFECT, INTRDAY 5 MINUTE ,10 MINUTE OR 15 MINUTE,
PLEASE COMMENT ANY EXPERT, WHEN IT IS MORE EFFECTIVE

2. aruncb
over 16 years ago

nice formula. it shows many whipsaws in 15 mins charts…

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