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#1 Selling Amibroker Plugin featuring:
ELLIOT WAVE WITH SAR for Amibroker (AFL)
I COMBINE TWO FORMULA ELLIOT WAVE WITH SAR. SEE AND RUN ON TRIAL
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Indicator / Formula
// Supertrend - Translated from Kolier MQ4 // see: http://kolier.li/indicator/kolier-supertrend-indi // translation in Amibroker AFL code by E.M.Pottasch, 2011 procedure calcTrend_proc(ATR_Period,tr,ATR_Multiplier,TrendMode,CalcPrice) { global buffer_line_down; global buffer_line_up; buffer_line_down = Null; buffer_line_up = Null; PHASE_NONE = 0; PHASE_BUY = 1; PHASE_SELL = -1; phase=PHASE_NONE; band_upper = 0;band_lower = 0; for(i = ATR_Period + 1; i < BarCount; i++) { band_upper = CalcPrice[i] + ATR_Multiplier * tr[i]; band_lower = CalcPrice[i] - ATR_Multiplier * tr[i]; if(phase==PHASE_NONE) { buffer_line_up[i] = CalcPrice[i]; buffer_line_down[i] = CalcPrice[i]; } if(phase!=PHASE_BUY && Close[i]>buffer_line_down[i-1] && !IsEmpty(buffer_line_down[i-1])) { phase = PHASE_BUY; buffer_line_up[i] = band_lower; buffer_line_up[i-1] = buffer_line_down[i-1]; } if(phase!=PHASE_SELL && Close[i]<buffer_line_up[i-1] && !IsEmpty(buffer_line_up[i-1])) { phase = PHASE_SELL; buffer_line_down[i] = band_upper; buffer_line_down[i-1] = buffer_line_up[i-1]; } if(phase==PHASE_BUY && ((TrendMode==0 && !IsEmpty(buffer_line_up[i-2])) || TrendMode==1) ) { if(band_lower>buffer_line_up[i-1]) { buffer_line_up[i] = band_lower; } else { buffer_line_up[i] = buffer_line_up[i-1]; } } if(phase==PHASE_SELL && ((TrendMode==0 && !IsEmpty(buffer_line_down[i-2])) || TrendMode==1) ) { if(band_upper<buffer_line_down[i-1]) { buffer_line_down[i] = band_upper; } else { buffer_line_down[i] = buffer_line_down[i-1]; } } } } SetBarsRequired(sbrAll,sbrAll); TrendMode = ParamToggle("TrendMode","Off|On",1); ATR_Multiplier = Param("ATR_Multiplier",2,0.1,10,0.1); ATR_Period = Param( "ATR_Period",5,1,20,1); tr = ATR(ATR_Period); CalcPrice = (H+L)/2; calcTrend_proc(ATR_Period,tr,ATR_Multiplier,TrendMode,CalcPrice); SetChartOptions(0,chartShowDates); Plot(C,"C",colorWhite,64); Plot(buffer_line_up,"\ntu",ColorRGB(28,134,238),styleThick); Plot(buffer_line_down,"\ntd",ColorRGB(205,51,51),styleThick); Plot( 2,"",IIf(buffer_line_up,colorGreen,colorBlack),styleOwnScale|styleArea|styleNoLabel, -0.5, 100 ); Plot( 4,"",IIf(buffer_line_down,colorRed,colorBlack),styleOwnScale|styleArea|styleNoLabel, -0.5, 100 ); _SECTION_BEGIN("Advanced Elliot Wave "); //Elliot Wave Metastock to AFL //-- Script Start ------- _N(Title = "{{NAME}} - {{INTERVAL}} {{DATE}}: "+_DEFAULT_NAME()+" : {{VALUES}} " ); Option = ParamToggle("Insert To", "Price Chart|Indicator"); pr=Param("Elliot Wave minimum % move",0.5, 0.25,3,0.25); //{ Beginner Elliot Wave stuff } EWpk=PeakBars(H,pr)==0; EWtr=TroughBars(L,pr)==0; //{ Intermediate Elliot Wave stuff } zz=Zig(C,pr); zzHi=Zig(H,pr); zzLo=Zig(L,pr); Avg=(zzHi+zzLo)/2; //{ Advanced Elliot Wave stuff } RetroSuccessSecret=IIf(EWpk,zzHi, IIf(EWtr,zzLo,IIf(Avg>Ref(Avg,-1),H,L))); EW=Zig(RetroSuccessSecret,pr); //{ Plot on price chart } if (Option==0) Plot(EW, "EW", ParamColor("Color", colorBrown), ParamStyle("Style", styleNoLabel|styleThick)); else { //{ Plot on own window } Plot(EWbuy-EWsell, "EW2", ParamColor("Color", colorRed), ParamStyle("Style", styleNoLabel|styleThick)); } //{ Buy/Sell Elliot Wave stuff } EWbuy=TroughBars(EW,pr)==1; EWsell=PeakBars(EW,pr)==1; Plot(C,"",47,128+4); PlotShapes(EWbuy*shapeUpArrow,5,0,L,-5); PlotShapes(EWsell*shapeDownArrow,4,0,H,-5); //-- Script End ------- _SECTION_END();
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Tht Koiler thing …! really great.
nice find .
and never the less nice share.
thanx!
Dangerous to use practically , run it and check it .
ATR Multiplier = 1.4 and ATR Period = 20 and finaly mu must change the range of Elliot wave up to 5 instead of 3 in the program. in this condition Elliot wave is in very good agreement with price fluctuation so it can be used for price prediction
Ahmad
ATR Multiplier = 1.4 and ATR Period = 20 and finaly you must change the range of Elliot wave up to 5 instead of 3 in the program. in this condition Elliot wave is in very good agreement with price fluctuation so it can be used for price prediction
Ahmad
How to turn ATR to 5 when max it goes to 3 ?
With changing the setup still pathetic , cannot be used practically to trade , different views are invited with solutions :).
is it shows buy sell signals on real time r it shows buy when price gone up and sell when price already down?
chang ATR rang by changing 3 to 5 in line
pr=Param(“Elliot Wave minimum % move”,0.5, 0.25,3,0.25);
with mentioned setting you will have very good agreement between top and down points in price with this indicator. it is as good as Lakshimi indicator. In real trading I dont know it is a predicting or following price indicator but I am working on it
Ahmad
this formula looks in to the future. but as i appriciated first at the start if we use it in combination with other indicators it is really good….!
and for trading we don’t really base our trading system on only one indicator i guess……..
so do some study and u will find ur own system.
for help we all r here….
including admin…..
thanx
ALL SIR AS AM JUNIOR HERE I AHVE NO KNOWLEDGE OF AMIROKER PROGRAMMING I JUST CLUB TWO FORMULA ONE ELLIOT WAVE METASTOCK FOR AMIBROKER AND OTHER IS ATR LINE. AND JUST IT IS PRACTICAL. MY REQUEST TO ALL U PLS MODIFY IT IF POSSIBLE FOR BETTER RESULT .FOR ALL OF US
TANX
AJIT
ELLIOT WAVE WITH SAR is very good
Hi, I find that there is an error being thrown at this line..
SetBarsRequired(sbrAll,sbrAll);
The error is Error 29. Variable ‘sbrall’ used without having been initialized.
Commenting out this the code works.
Also, I am not clear where this is being used and for what.
Could someone throw some light on the same?
Thanx,
PravSu
working…very nice..
thanks
deep_pocket
Working. Thanks.