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*Level Breakout system* for Amibroker (AFL)

Tinych over 14 years ago Amibroker (AFL)

  • Rating:
    2 / 5 (Votes 6)
  • Tags:
    amibroker

This is reverse trading system founded on level breakout.
The system draws the levels on base last peaks and troughs. If the price breaks the level, it plots signal for long or short entry.

Indicator / Formula

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_SECTION_BEGIN("Price");
SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ));
Plot( C, "Close", ParamColor("Color", colorBlack ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() ); 
_SECTION_END();

_SECTION_BEGIN("R&S Channel");

a1=  LastValue(StDev(abs(C-Ref(C,-1))/Ref(C,-1)*100,50)); 

a1 = Param( "R&S Period",1,1,5);
Peak(H,a1,1);
Trough(L,a1,1);

Plot(Peak(H,a1,1), "Resistance Level", colorGreen, styleLine, Null, Null, 10 );

Plot(Trough(L,a1,1), "Support Level", colorRed, styleLine, Null, Null, 10 );

_SECTION_END();

Buy = Cross( C, Peak(H,a1,1) ) ;
Sell =Cross( Trough(L,a1,1), C ) ;


PlotShapes(IIf(Buy, shapeUpArrow , shapeNone), colorGreen);
PlotShapes(IIf(Sell, shapeDownArrow , shapeNone), colorRed);

4 comments

1. Tinych
over 14 years ago

You can see picture of Level Breakout system: http://savepic.su/604854.htm

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2. cm_s
over 14 years ago

This system doesn’t work.
This system looks in the future.

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3. ABUSLIMAN06
over 14 years ago

Correction

Buy = Cross( C, ref(Peak(H,a1,1),-1) ) ;
Sell =Cross( ref(Trough(L,a1,1),-1), C ) ;

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4. viraldalal
over 11 years ago

Dear Sir,

Why does it give 3/4 buy signals together ? Theoratically it should give buy and close that trade as sell and than new buy generates. Secondly it gives short / cover error.

Thanks & solve this query pls

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