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#1 Selling Amibroker Plugin featuring:
Lakshimi for Amibroker (AFL)
This is a good Indicator and in my opinion almost perfect one- it contains Pivot finder- pattern wave-support and resistance-Macd fill and some other useful tools. ENJOY IT
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Indicator / Formula
_SECTION_BEGIN ("Patterns Wave"); Change = Param("Wave Period",6,0,100,1); WaveLineColor = ParamColor("Wave Color", colorWhite ); procedure PlotShapeAt( x, y, shape, shift ) { PlotShapes( IIf( BarIndex() == x, shape, 0 ), WaveLineColor, 0, y, shift ); } WavePattern=ParamToggle("Wave","No|Yes",0); if(WavePattern) { bi = BarIndex(); sbi = SelectedValue( bi ); GraphXSpace = 2; Plot( Zig( C, Change ), "", WaveLineColor, ParamStyle("Wave Style", styleThick|styleNoLabel|styleNoTitle) ); upshift = 15; if( SelectedValue( PeakBars( C, Change ) < TroughBars( C, Change ) ) ) { pt1 = PeakBars( C, Change, 1 ) == 0 ; pt2 = TroughBars( C, Change, 1 ) == 0 ; } else { pt1 = TroughBars( C, Change, 1 ) == 0 ; pt2 = PeakBars( C, Change, 1 ) == 0 ; upshift = -upshift; } bpt1 = SelectedValue( ValueWhen( pt1, bi ) ); bpt2 = SelectedValue( ValueWhen( pt2, bi ) ); bpt3 = SelectedValue( ValueWhen( pt1, bi, 2 ) ); bpt4 = SelectedValue( ValueWhen( pt2, bi, 2 ) ); bpt5 = SelectedValue( ValueWhen( pt1, bi, 3 ) ); bpt6 = SelectedValue( ValueWhen( pt2, bi, 3 ) ); PlotShapeAt( bpt1, C, shapeDigit5, upshift ); PlotShapeAt( bpt2, C, shapeDigit4, -upshift ); PlotShapeAt( bpt3, C, shapeDigit3, upshift ); PlotShapeAt( bpt4, C, shapeDigit2, -upshift ); PlotShapeAt( bpt5, C, shapeDigit1, upshift ); } _SECTION_END(); _SECTION_BEGIN("MACD Fill"); // Parameters PeriodEMA = 13; MACDIndicatorRange = 50; // Volume filter VolumeFilter = Param( "Volume MA filter", 100000, 50000, 500000, 100000 ); Timeframe = Interval(2); // Adjust for weekly if necessary if( Timeframe == "5-day" || Timeframe == "Weekly" ) { VolumeFilter = VolumeFilter * 5; } else if( Timeframe == "Monthly") { VolumeFilter = VolumeFilter * 20; } else if( Timeframe != "Daily" ) { VolumeFilter = 0; } // Minimum number of bars required to form a divergence pattern. For a // positive divergence, this is the number of falling bars in the context // of a rising MACD or MACD-H pattern. Vice versa for negative divergence MACDDivMinWidth = Param("Divergence min width", 4, 1, 10, 1 ); // Minimum width of negative projecting wave between two positive MACD-H waves, // otherwise two positive waves will be considered as one single wave. This // minimises invalid divergences, to ensure that "back of bears is broken". // The same applies for a positive wave between two negative waves. HistMinWidth = Param("Histogram min width", 4, 1, 10, 1 ); PeriodEMA = Optimize( "PeriodEMA ", 13, 5, 23, 1 ); // Other parameters OpenPositions = 10; ATRPeriod = 5; InitialCapital = 100000; PeriodFast = Param( "Fast EMA", 8, 2, 200, 1 ); PeriodSlow = Param( "Slow EMA", 17, 2, 200, 1 ); PeriodSignal = Param( "Signal EMA", 9, 2, 200, 1 ); MACDInd = MACD(PeriodFast, PeriodSlow ); SigInd = Signal(PeriodFast, PeriodSlow , PeriodSignal ); HistInd = MACDInd - SigInd ; _N( macdStr = WriteVal( PeriodFast, 1.0 )+","+WriteVal( PeriodSlow , 1.0 ) ); _N( sigStr = macdStr + ","+WriteVal( PeriodSignal , 1.0 ) ); // Get displayed min and max value of MACD and MACD-H, to rescale it for better visibility scMACDMax = LastValue(HHV(Max(MACDInd, sigInd), BarsSince( Status("barvisible") AND NOT Ref(Status("barvisible"),-1) ))); scMACDMin = LastValue(LLV(Min(MACDInd, sigInd), BarsSince( Status("barvisible") AND NOT Ref(Status("barvisible"),-1) ))); scaleMACD = Max( abs(scMACDMax), abs(scMACDMin) ); scHistMax = LastValue(HHV(HistInd, BarsSince( Status("barvisible") AND NOT Ref(Status("barvisible"),-1) ))); scHistMin = LastValue(LLV(HistInd, BarsSince( Status("barvisible") AND NOT Ref(Status("barvisible"),-1) ))); scaleHist = Max( abs(scHistMax), abs(scHistMin) ); _SECTION_END(); _SECTION_BEGIN("Candle Detail"); Candletype=ParamList("Candle Type","Candle|Haikin",1); UpCandle = ParamColor("Up Color", colorBrightGreen ); DownCandle = ParamColor("Down Color", colorRed ); Consolidation = ParamColor("Consolidation", colorWhite ); MACDColorUp = ParamColor("MACD Up", colorDarkGreen ); MACDColorDown = ParamColor("MACD Down", colorDarkRed ); Prd1=Param("ATR Period",4,1,20,1); Prd2=Param("Look Back",8,1,20,1); if(Candletype=="Candle") { CandleColor = IIf(O > C, DownCandle, UpCandle); Plot( Close, "Price", CandleColor, styleCandle ); } else if(Candletype=="Haikin") { HaClose = (O+H+L+C)/4; HaOpen = AMA( Ref( HaClose, -1 ), 0.3 ); HaHigh = Max( H, Max( HaClose, HaOpen ) ); HaLow = Min( L, Min( HaClose, HaOpen ) ); HaClose = (O+H+L+C)/4; HaOpen = AMA( Ref( HaClose, -1 ), 0.3 ); HaHigh = Max( H, Max( HaClose, HaOpen ) ); HaLow = Min( L, Min( HaClose, HaOpen ) ); BrightGreen=HHV(LLV(L,Prd1)+ATR(Prd1),Prd2); BrightRed=LLV(HHV(H,Prd1)-ATR(Prd1),Prd2); xDiff = (HaHigh - Halow) * IIf(StrFind(Name(),"JPY"),100,10000); barcolor = IIf(C>BrightGreen ,UpCandle,IIf(C < BrightRed,DownCandle,Consolidation)); SetBarFillColor( IIf(MACDInd >SigInd, MACDColorUp,MACDColorDown) ); PlotOHLC( HaOpen, HaHigh, HaLow, HaClose, "", barcolor, styleCandle ); } _SECTION_END(); _SECTION_BEGIN("Guppy"); Guppy=ParamToggle("Guyyp","No|Yes",0); if(Guppy) { Plot( EMA( C, 30 ),"", ParamColor( "Color", colorYellow ), ParamStyle("Chart Style", styleLine|styleNoLabel) ); Plot( EMA( C, 35 ),"", ParamColor( "Color", colorYellow ), ParamStyle("Chart Style", styleLine|styleNoLabel) ); Plot( EMA( C, 40 ),"", ParamColor( "Color", colorYellow ), ParamStyle("Chart Style", styleLine|styleNoLabel) ); Plot( EMA( C, 45 ),"", ParamColor( "Color", colorYellow ), ParamStyle("Chart Style", styleLine|styleNoLabel) ); Plot( EMA( C, 50 ),"", ParamColor( "Color", colorYellow ), ParamStyle("Chart Style", styleLine|styleNoLabel) ); Plot( EMA( C, 55 ),"", ParamColor( "Color", colorYellow ), ParamStyle("Chart Style", styleLine|styleNoLabel) ); Plot( EMA( C, 60 ),"", ParamColor( "Color", colorYellow ), ParamStyle("Chart Style", styleLine|styleNoLabel) ); } _SECTION_END(); _SECTION_BEGIN("Support-Resistance"); SupRes=ParamToggle("Sup-Res","No|Yes",1); SupResA = Param("Sup-Res A Period",20,0,100,1); SupResB = Param("Sup-Res B Period",25,0,100,1); Res1 = ParamColor("Resistance High", colorRed ); Res2 = ParamColor("Resistance Low", colorDarkRed ); Sup1 = ParamColor("Support High", colorDarkGreen ); Sup2 = ParamColor("Support Low", colorBrightGreen ); if(SupRes) { MaxGraph = 12; BuyOffSet = SupResA;//Optimize("BuyOffSet",18,15,20,1); SellOffset = BuyOffSet;//Optimize("SellOffset",2,2,14,2); RegLength = 5;//Optimize("RegLength",5, 2,11,2); BuyATRPeriod = 2;//Optimize("BuyATRPeriod",2,2,5,1); SellATRPeriod = BuyATRPeriod;//Optimize("SellATRPeriod",4,2,11,2); ATRMultiplier = 0.5;//Optimize("ATRMultiplier",1,0.7,1.25,.05); SuppA = HHV(H-ATRMultiplier*ATR(BuyATRPeriod),BuyOffset); /* RED */ RessB = LLV(L+ATRMultiplier*ATR(SellATRPeriod),SellOffset); /* GREEN */ Plot(SuppA,"",sup1,ParamStyle("Sup-Res A Style", styleDashed|styleNoTitle) ); Plot(RessB,"",res2,ParamStyle("Sup-Res A Style", styleDashed|styleNoTitle) ); nn=SupResB; mmm=100; TYP=(High + Low + 2*Close)/4; CI=(TYP-MA(TYP,14))/(0.015*StDev(TYP,14)); CCCI=EMA(CI,5)+mmm; Hh=HHV(H,nn); Ll=LLV(L,nn); MM=(Hh+Ll)/2; CCCC=EMA(CCCI*(Hh-Ll)/(2*mmm)+Ll,5); Plot(Hh,"",Res1, ParamStyle("Sup-Res B Style", styleThick|styleNoTitle) ); Plot(Ll,"",Sup2, ParamStyle("Sup-Res B Style", styleThick|styleNoTitle) ) ; } _SECTION_END(); _SECTION_BEGIN("BB"); BBand=ParamToggle("B.Band","No|Yes",0); if(BBand) { pr1=Param( "Period1",20,0,100,1); pr2=Param( "Period2",2,0,100,1); BBColor = ParamColor( "Band Color", colorGrey50 ); Cloud = ParamColor( "Cloud", colorDarkGrey ); Style = styleNoRescale | styleNoLabel |styleDashed; BBT=BBandTop(C,pr1,pr2); BBB=BBandBot(C,pr1,pr2); topcond = (Cross(BBT,C)OR C>BBT)AND Ref(C, -1)> BBT; botcond = ( Cross(C,BBB))AND Ref(C, -1 < BBB); Plot( BBT, "BBTop" + _PARAM_VALUES(), BBColor, ParamStyle("BBand Style", styleLine|styleNoLabel|styleNoTitle) ); Plot( BBB, "BBBot" + _PARAM_VALUES(), BBColor, ParamStyle("BBand Style", styleLine|styleNoLabel|styleNoTitle) ); PlotOHLC( BBT,BBT,BBB,BBB, "", Cloud,styleCloud|styleNoLabel ); } _SECTION_END(); _SECTION_BEGIN("Pivot"); nBars = Param("Number of bars", 12, 5, 40); bShowTCZ = Param("Show TCZ", 1, 0, 1); nExploreBarIdx = 0; nExploreDate = 0; nCurDateNum = 0; DN = DateNum(); DT = DateTime(); bTCZLong = False; bTCZShort = False; nAnchorPivIdx = 0; ADX8 = ADX(8); if(Status("action")==1) { bDraw = True; bUseLastVis = 1; } else { bDraw = False; bUseLastVis = False; bTrace = 1; nExploreDate = Status("rangetodate"); for (i=LastValue(BarIndex());i>=0;i--) { nCurDateNum = DN[i]; if (nCurDateNum == nExploreDate) { nExploreBarIdx = i; } } } GraphXSpace=7; if (bDraw) { } aHPivs = H - H; aLPivs = L - L; aHPivHighs = H - H; aLPivLows = L - L; aHPivIdxs = H - H; aLPivIdxs = L - L; aAddedHPivs = H - H; aAddedLPivs = L - L; aLegVol = H - H; aRetrcVol = H - H; nHPivs = 0; nLPivs = 0; lastHPIdx = 0; lastLPIdx = 0; lastHPH = 0; lastLPL = 0; curPivBarIdx = 0; aHHVBars = HHVBars(H, nBars); aLLVBars = LLVBars(L, nBars); aHHV = HHV(H, nBars); aLLV = LLV(L, nBars); nLastVisBar = LastValue( Highest(IIf(Status("barvisible"), BarIndex(), 0))); curBar = IIf(nlastVisBar > 0 AND bUseLastVis, nlastVisBar, IIf(Status("action")==4 AND nExploreBarIdx > 0, nExploreBarIdx, LastValue(BarIndex()))); curTrend = ""; if (aLLVBars[curBar] < aHHVBars[curBar]) curTrend = "D"; else curTrend = "U"; if (curBar >= 120) { for (i=0; i<120; i++) { curBar = IIf(nlastVisBar > 0 AND bUseLastVis, nlastVisBar-i, IIf(Status("action")==4 AND nExploreBarIdx > 0, nExploreBarIdx-i, LastValue(BarIndex())-i)); if (aLLVBars[curBar] < aHHVBars[curBar]) { if (curTrend == "U") { curTrend = "D"; curPivBarIdx = curBar - aLLVBars[curBar]; aLPivs[curPivBarIdx] = 1; aLPivLows[nLPivs] = L[curPivBarIdx]; aLPivIdxs[nLPivs] = curPivBarIdx; nLPivs++; } } else { if (curTrend == "D") { curTrend = "U"; curPivBarIdx = curBar - aHHVBars[curBar]; aHPivs[curPivBarIdx] = 1; aHPivHighs[nHPivs] = H[curPivBarIdx]; aHPivIdxs[nHPivs] = curPivBarIdx; nHPivs++; } } } } curBar = IIf(nlastVisBar > 0 AND bUseLastVis, nlastVisBar, IIf(Status("action")==4 AND nExploreBarIdx > 0, nExploreBarIdx, LastValue(BarIndex())) ); if (nHPivs >= 2 AND nLPivs >= 2) { lastLPIdx = aLPivIdxs[0]; lastLPL = aLPivLows[0]; lastHPIdx = aHPivIdxs[0]; lastHPH = aHPivHighs[0]; nLastHOrLPivIdx = Max(lastLPIdx, lastHPIdx); nAddPivsRng = curBar - nLastHOrLPivIdx; aLLVAfterLastPiv = LLV(L, nAddPivsRng); nLLVAfterLastPiv = aLLVAfterLastPiv[curBar]; aLLVIdxAfterLastPiv = LLVBars(L, nAddPivsRng); nLLVIdxAfterLastPiv = curBar - aLLVIdxAfterLastPiv[curBar]; aHHVAfterLastPiv = HHV(H, nAddPivsRng); nHHVAfterLastPiv = aHHVAfterLastPiv[curBar]; aHHVIdxAfterLastPiv = HHVBars(H, nAddPivsRng); nHHVIdxAfterLastPiv = curBar - aHHVIdxAfterLastPiv[curBar]; if (lastHPIdx > lastLPIdx) { /* There are at least two possibilities here. One is that the previous high was higher, indicating that this is a possible short retracement or one in the making. The other is that the previous high was lower, indicating that this is a possible long retracement in the working. However, both depend on opposing pivots. E.g., if I find higher highs, what if I have lower lows? If the highs are descending, then I can consider: - a lower low, and leave it at that - a higher high and higher low - a lower low and another lower high */ if (aHPivHighs[0] < aHPivHighs[1]) { if (nLLVAfterLastPiv < aLPivLows[0] AND (nLLVIdxAfterLastPiv - lastHPIdx - 1) >= 1 AND nLLVIdxAfterLastPiv != curBar ) { // -- OK, we'll add this as a pivot. // Mark it for plotting... aLPivs[nLLVIdxAfterLastPiv] = 1; aAddedLPivs[nLLVIdxAfterLastPiv] = 1; // ...and then rearrange elements in the // pivot information arrays for (j=0; j<nLPivs; j++) { aLPivLows[nLPivs-j] = aLPivLows[nLPivs-(j+1)]; aLPivIdxs[nLPivs-j] = aLPivIdxs[nLPivs-(j+1)]; } aLPivLows[0] = nLLVAfterLastPiv; aLPivIdxs[0] = nLLVIdxAfterLastPiv; nLPivs++; // -- Test whether to add piv given last piv is high // AND we have lower highs } // -- Here, the last piv is a high piv, and we have // higher-highs. The most likely addition is a // Low piv that is a retracement. } else { if (nLLVAfterLastPiv > aLPivLows[0] AND (nLLVIdxAfterLastPiv - lastHPIdx - 1) >= 1 AND nLLVIdxAfterLastPiv != curBar ) { // -- OK, we'll add this as a pivot. // Mark it for plotting... aLPivs[nLLVIdxAfterLastPiv] = 1; aAddedLPivs[nLLVIdxAfterLastPiv] = 1; // ...and then rearrange elements in the // pivot information arrays for (j=0; j<nLPivs; j++) { aLPivLows[nLPivs-j] = aLPivLows[nLPivs-(j+1)]; aLPivIdxs[nLPivs-j] = aLPivIdxs[nLPivs-(j+1)]; } aLPivLows[0] = nLLVAfterLastPiv; aLPivIdxs[0] = nLLVIdxAfterLastPiv; nLPivs++; // -- Test whether to add piv given last piv is high // AND we have lower highs } // -- The last piv is a high and we have higher highs // OR lower highs } /* **************************************************************** Still finding missed pivot(s). Here, the last piv is a low piv. **************************************************************** */ } else { // -- First case, lower highs if (aHPivHighs[0] < aHPivHighs[1]) { if (nHHVAfterLastPiv < aHPivHighs[0] AND (nHHVIdxAfterLastPiv - lastLPIdx - 1) >= 1 AND nHHVIdxAfterLastPiv != curBar ) { // -- OK, we'll add this as a pivot. // Mark that for plotting aHPivs[nHHVIdxAfterLastPiv] = 1; aAddedHPivs[nHHVIdxAfterLastPiv] = 1; // ...and then rearrange elements in the // pivot information arrays for (j=0; j<nHPivs; j++) { aHPivHighs[nHPivs-j] = aHPivHighs[nHPivs-(j+1)]; aHPivIdxs[nHPivs-j] = aHPivIdxs[nhPivs-(j+1)]; } aHPivHighs[0] = nHHVAfterLastPiv; aHPivIdxs[0] = nHHVIdxAfterLastPiv; nHPivs++; // -- Test whether to add piv given last piv is high // AND we have lower highs } // -- Second case when last piv is a low piv, higher highs // Most likely addition is high piv that is a retracement. // Considering adding a high piv as long as it is higher } else { // -- Where I have higher highs, if (nHHVAfterLastPiv > aHPivHighs[0] AND (nHHVIdxAfterLastPiv - lastLPIdx - 1) >= 1 AND nHHVIdxAfterLastPiv != curBar ) { // -- OK, we'll add this as a pivot. // Mark it for plotting... aHPivs[nHHVIdxAfterLastPiv] = 1; aAddedHPivs[nHHVIdxAfterLastPiv] = 1; // ...and then rearrange elements in the // pivot information arrays for (j=0; j<nHPivs; j++) { aHPivHighs[nHPivs-j] = aHPivHighs[nHPivs-(j+1)]; aHPivIdxs[nHPivs-j] = aHPivIdxs[nhPivs-(j+1)]; } aHPivHighs[0] = nHHVAfterLastPiv; aHPivIdxs[0] = nHHVIdxAfterLastPiv; nHPivs++; // -- Test whether to add piv given last piv is high // AND we have lower highs } } } // -- If there are at least two of each } /* **************************************** // -- Done with finding pivots ***************************************** */ if (bDraw) { PivotEntry = ParamColor( "Entry Color", colorBrightGreen ); PivotEntry2 = ParamColor( "Entry Color2", colorYellow ); PivotExit = ParamColor( "Exit Color", colorRed ); PivotExit2 = ParamColor( "Exit Color2", colorYellow ); // -- OK, let's plot the pivots using arrows PlotShapes( IIf(aHPivs==1, shapeSquare, shapeNone), PivotExit, 0, High, Offset=30); PlotShapes( IIf(aAddedHPivs==1, shapeSquare, shapeNone), PivotExit2, 0, High, Offset=30); PlotShapes( IIf(aLPivs==1, shapeSquare , shapeNone), PivotEntry, 0, Low, Offset=-30); PlotShapes( IIf(aAddedLPivs==1, shapeSquare , shapeNone), PivotEntry2, 0, Low, Offset=-30); PlotShapes( IIf(aHPivs==1, shapeSquare, shapeNone), colorBlack, 0, High, Offset=35); PlotShapes( IIf(aAddedHPivs==1, shapeSquare, shapeNone), colorBlack, 0, High, Offset=35); PlotShapes( IIf(aLPivs==1, shapeSquare , shapeNone), colorBlack, 0, Low, Offset=-35); PlotShapes( IIf(aAddedLPivs==1, shapeSquare , shapeNone), colorBlack, 0, Low, Offset=-35); } /* **************************************** // -- Done with discovering and plotting pivots ***************************************** */ // -- I'm going to want to look for possible retracement risk = 0; profInc = 0; nLeg0Pts = 0; nLeg0Bars = 0; nLeg0Vol = 0; nLeg1Pts = 0; nLeg1Bars = 0; nLeg1Vol = 0; nLegBarsDiff = 0; nRtrc0Pts = 0; nRtrc0Bars = 0; nRtrc0Vol = 0; nRtrc1Pts = 0; nRtrc1Bars = 0; nRtrc1Vol = 0; minRtrc = 0; maxRtrc = 0; minLine = 0; maxLine = 0; triggerLine = 0; firstProfitLine = 0; triggerInc = 0; triggerPrc = 0; firstProfitPrc = 0; retrcPrc = 0; retrcBar = 0; retrcBarIdx = 0; retrcRng = 0; aRetrcPrc = H-H; aRetrcPrcBars = H-H; aRetrcClose = C; retrcClose = 0; // -- Do TCZ calcs. Arrangement of pivs very specific // for this setup. if (nHPivs >= 2 AND nLPivs >=2 AND aHPivHighs[0] > aHPivHighs[1] AND aLPivLows[0] > aLPivLows[1]) { tcz500 = (aHPivHighs[0] - (.5 * (aHPivHighs[0] - aLPivLows[1]))); tcz618 = (aHPivHighs[0] - (.618 * (aHPivHighs[0] - aLPivLows[1]))); tcz786 = (aHPivHighs[0] - (.786 * (aHPivHighs[0] - aLPivLows[0]))); retrcRng = curBar - aHPivIdxs[0]; aRetrcPrc = LLV(L, retrcRng); aRetrcPrcBars = LLVBars(L, retrcRng); retrcPrc = aRetrcPrc[curBar]; retrcBarIdx = curBar - aRetrcPrcBars[curBar]; retrcClose = aRetrcClose[retrcBarIdx]; // -- bTCZLong setup? bTCZLong = ( // -- Are retracement levels arranged in // tcz order? // .500 is above .786 for long setups tcz500 >= (tcz786 * (1 - .005)) AND // .681 is below .786 for long setups tcz618 <= (tcz786 * (1 + .005)) AND // -- Is the low in the tcz range // -- Is the close >= low of tcz range // and low <= high of tcz range retrcClose >= ((1 - .01) * tcz618) AND retrcPrc <= ((1 + .01) * tcz500) ); // -- risk would be high of signal bar minus low of zone //risk = 0; // -- lower highs and lower lows } else if (nHPivs >= 2 AND nLPivs >=2 AND aHPivHighs[0] < aHPivHighs[1] AND aLPivLows[0] < aLPivLows[1]) { tcz500 = (aHPivHighs[1] - (.5 * (aHPivHighs[1] - aLPivLows[0]))); tcz618 = (aHPivHighs[0] - (.618 * (aHPivHighs[1] - aLPivLows[0]))); tcz786 = (aHPivHighs[0] - (.786 * (aHPivHighs[0] - aLPivLows[0]))); retrcRng = curBar - aLPivIdxs[0]; aRetrcPrc = HHV(H, retrcRng); retrcPrc = aRetrcPrc[curBar]; aRetrcPrcBars = HHVBars(H, retrcRng); retrcBarIdx = curBar - aRetrcPrcBars[curBar]; retrcClose = aRetrcClose[retrcBarIdx]; bTCZShort = ( // -- Are retracement levels arranged in // tcz order? // .500 is below .786 for short setups tcz500 <= (tcz786 * (1 + .005)) AND // .681 is above .786 for short setups tcz618 >= (tcz786 * (1 - .005)) AND // -- Is the close <= high of tcz range // and high >= low of tcz range retrcClose <= ((1 + .01) * tcz618) AND retrcPrc >= ((1 - .01) * tcz500) ); // -- Risk would be top of zone - low of signal bar //risk = 0; } // -- Show zone if present if (bTCZShort OR bTCZLong) { // -- Be prepared to see symmetry if (bTCZShort) { if (aLPivIdxs[0] > aHPivIdxs[0]) { // -- Valuable, useful symmetry information nRtrc0Pts = aHPivHighs[0] - aLPivLows[1]; nRtrc0Bars = aHPivIdxs[0] - aLPivIdxs[1] + 1; nRtrc1Pts = retrcPrc - aLPivLows[0]; nRtrc1Bars = retrcBarIdx - aLPivIdxs[0] + 1; } else { nRtrc0Pts = aHPivHighs[1] - aLPivLows[1]; nRtrc0Bars = aHPivIdxs[1] - aLPivIdxs[1] + 1; nRtrc1Pts = aHPivHighs[0] - aLPivLows[0]; nRtrc1Bars = aHPivIdxs[0] - aLPivIdxs[0] + 1; } } else { // bLongSetup if (aLPivIdxs[0] > aHPivIdxs[0]) { nRtrc0Pts = aHPivHighs[0] - aLPivLows[1]; nRtrc0Bars = aHPivIdxs[0] - aLPivIdxs[1] + 1; nRtrc1Pts = retrcPrc - aLPivLows[0]; nRtrc1Bars = retrcBarIdx - aLPivIdxs[0] + 1; } else { nRtrc0Pts = aHPivHighs[1] - aLPivLows[0]; nRtrc0Bars = aLPivIdxs[0] - aHPivIdxs[1] + 1; nRtrc1Pts = aHPivHighs[0] - aLPivLows[0]; nRtrc1Bars = aLPivIdxs[0] - aHPivIdxs[0] + 1; } } if (bShowTCZ) { Plot( LineArray( IIf(bTCZLong, aHPivIdxs[0], aLPivIdxs[0]), tcz500, curBar, tcz500 , 0), "tcz500", colorPaleBlue, styleLine|styleNoTitle|Stylehidden); Plot( LineArray( IIf(bTCZLong, aHPivIdxs[0], aLPivIdxs[0]), tcz618, curBar, tcz618, 0), "tcz618", colorPaleBlue, styleLine|styleNoTitle|styleHidden); Plot( LineArray( IIf(bTCZLong, aHPivIdxs[0], aLPivIdxs[0]), tcz786, curBar, tcz786, 0), "tcz786", colorTurquoise, styleLine|styleNoTitle|StyleHidden); } // -- if (bShowTCZ) } if (bDraw) { Title = Name() + " (" + StrLeft(FullName(), 10) + ") ATR: " + NumToStr(ATR(1), 4.2) + " ( " + NumToStr((C - Ref(C, -1)), 4.2) + " / " + NumToStr((((C - Ref(C, -1)) / Ref(C, -1)) * 100), 2.1) + "% ) " + WriteVal( SelectedValue( DateTime() ), formatDateTime) + // "Risk: " + WriteVal(risk, 2.1) + "% \n" + WriteVal(nRtrc1Pts, 2.1) + " \n" + WriteVal(nRtrc1Bars, 2.0); } // ************************** // END INDICATOR CODE // ************************** _SECTION_END(); _SECTION_BEGIN("Title"); Title = StrFormat("\\c02{{NAME}}.....{{DATE}}.....Open @ %g.....High @ %g.....Low @ %g.....Close @ %g.....Change = %.1f%% Volume = " +WriteVal( V, 1.0 ) +", {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 )) ) ; _SECTION_END(); _SECTION_BEGIN("Beta Adjusted Trailing Stops by Southwind"); //Concept from Bulkowski's Stop Placement dif=Ref(High,0)-Ref(Low,0); dif1=Ref(High,-1)-Ref(Low,-1); dif2=Ref(High,-2)-Ref(Low,-2); dif3=Ref(High,-3)-Ref(Low,-3); dif4=Ref(High,-4)-Ref(Low,-4); dif5=Ref(High,-5)-Ref(Low,-5); dif6=Ref(High,-6)-Ref(Low,-6); dif7=Ref(High,-7)-Ref(Low,-7); dif8=Ref(High,-8)-Ref(Low,-8); dif9=Ref(High,-9)-Ref(Low,-9); dif10=Ref(High,-10)-Ref(Low,-10); dif11=Ref(High,-11)-Ref(Low,-11); dif12=Ref(High,-12)-Ref(Low,-12); dif13=Ref(High,-13)-Ref(Low,-13); dif14=Ref(High,-14)-Ref(Low,-14); dif15=Ref(High,-15)-Ref(Low,-15); Sumdif=(dif+dif1+dif2+dif3+dif4+dif5+dif6+dif7+dif8+dif9+dif10+dif11+dif12+dif13+dif14+dif15)/16; mp = Param("Multiplier",2,0.25,5,0.25); Sumdifml=(Sumdif*1); Sumdifml2=(Sumdif*1.6); Sumdifml3=(Sumdif*mp); Betastops=HHV(C,20) - Sumdifml; Betastops2=HHV(C,15) - Sumdifml2; //BetastopsO=Ref(L,-1)-sumdifml; //Plot(betastopsO,"BATS",ParamColor("", colorGreen) ,ParamStyle("",styleLine|styleThick|styleStaircase,maskAll)); Plot(Betastops, "A", ParamColor( "Color", colorYellow ),ParamStyle("Style",styleThick,maskAll)); Plot(Betastops2, "B", ParamColor( "Color2", colorGold ),ParamStyle("Style2",styleThick,maskAll)); //Plot(Sumdifml,"DifferenceX",3,styleNoLine |styleNoLabel); //Plot(sumdif,"AvgDifference",25,styleNoLine |styleNoLabel); //Plot(dif10,"AvgDifference1",26,styleNoLine |styleNoLabel); _SECTION_END();
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but not working afl
Indicators Zig, PeakBars, TroughBars are used in this system.
Indicator Zig is based on Zig-Zag indicator and may look into the future – this means that you can get unrealistic results when back testing trading system using this indicator.
zig-zag indicator inherently a following indicator and change itself with trend change but It shows overal Trend, so is useful.
Dear nareshgafl, what syntax error do you see during analysis by your amibrooker?
signals change… what a perfect system!
You are right, some times prediction for buy or sell is not correct but surely you know that no indicator is perfect. and I said almost perfect. if you know beter indicator let me know
Thank you very much for this great indicator. I am not using pivots, and other stuff how ever, took it all out of the formula and thus simplifying the code.
Thanks for this great Indicator, What is the best time frame to use it?
Well, Its look in to future. So, past signal will be look like superb. Signals will disappear
Very nice. Thanks