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#1 Selling Amibroker Plugin featuring:
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Advanced Pattern Exploration
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Cowabunga for Amibroker (AFL)
Rating:
4 / 5 (Votes 5)
Tags:
Cowabunga trading system.
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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();
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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
nice formula. it shows many whipsaws in 15 mins charts…
Nice Formula