Download Pattern Trading System For Amibroker (AFL)

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5 / 5 (Votes 1)

Indicator

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//Pattern Trading System 6
a= (H>Ref(H,-1) AND L>Ref(L,-1));
b= (H<Ref(H,-1) AND L<Ref(L,-1));
state=IIf(BarsSince(a)<BarsSince(b),1,0);
st=state>Ref(state,-1);
st1=state<Ref(state,-1);
st2=state==Ref(state,-1);
//Buy=BarsSince(A)<BarsSince(b);
//Sell =BarsSince(A)>BarsSince(b);
PlotShapes( shapeUpArrow * st ,6,0,L); 
PlotShapes( shapeDownArrow *st1 ,1,0,H);
col=IIf(state == 1 ,51,IIf(state ==0,4,1));
Plot(C,"",Col,128);
 
_SECTION_BEGIN("");
_N(Title = "{{NAME}} - {{INTERVAL}} {{DATE}}:: "+_DEFAULT_NAME()+" :: {{OHLCX}} {{VALUES}}"
+"\n"+EncodeColor(colorYellow)+
WriteIf(st,"EXIT all Short positions\nif trading long positions, enter long Now-\nOR at the market price on tomorrow's Open with stop="+EncodeColor(4)+WriteVal(L-.75*ATR(5),1.4)+",","")+
WriteIf(st1,"exit all long positions today with a Market On Close (MOC) order\nOR at the market price on tomorrow's Open with stop="+EncodeColor(4)+WriteVal(H+.75*ATR(5),1.4)+",","")+ 
WriteIf( st2 ,"No trading signals today.","") );
_SECTION_END(); 
 
Filter =  st OR st1 OR st2  ;
AddColumn(C,"close",1.2);
AddColumn(st,"exit short posti",1.2);
AddColumn(st1,"exit long posti",1.2);
AddColumn(st2,"no signal",1.2);
                             
                             
/*this system  works by a very simple pattern. It enters long when the price closes above the High 
of two days ago AND does it on more than 75% above the monthly average Volume. 
It closes the long position AND enters a Short position when the price closes below the Low 
of two days ago AND does it on more then 75% above the average monthly Volume.*/

1. arm

about 15 years ago

Nice indicator with few whipsaws.

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2. administrator

about 15 years ago

Agreed simple formulas can be very affective more so then complicated ones.

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Pattern Trading System for Amibroker (AFL)
bower
about 15 years ago
Amibroker (AFL)

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