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30 week high indicator for Amibroker (AFL)
Rating:
3 / 5 (Votes 2)
Tags:
amibroker, composite, scan
Just as the advance decline line gives an indication of the overall
strength of the market, so does the number or stocks makeing new 30 week
high’s. Refer Weinstein’s “The Secret of Profiting in Bull and Bear
Markets”.
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Indicator / Formula
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/* Calculate indices of new 30 week high's vs new 30 week lows */ /* Set the filter so as to scan a given market */ /* Set Period to Weekly */ /* The new indexes will be found in Group 253 */ H1 = Close > Ref(HHV(Close,30),-1); H2 = High > Ref(HHV(High,30),-1); L1 = Close < Ref(LLV(Close,30),-1); L2 = Low < Ref(LLV(Low,30),-1); H_L_Array1 = H1 - L1; H_L_Array2 = H2 - L2; // Do not generate signals Buy = 0; Filter = 0; AddToComposite( H_L_Array1, "~Idx30Wk_Close_HL", "X", 19); AddToComposite( H_L_Array2, "~Idx30Wk_Abs_HL", "X", 19);
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How we can use it?
After paste nothing happend
You can find it at the end of symbol…