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Time Channel for Amibroker (AFL)
Rating:
3 / 5 (Votes 6)
Tags:
amibroker, timeframe
Time channels. Pivot levels of different time frames – Weekly, Monthly, Quarterly, Yearly.
For a better understanding of the strategy read Frank Dilernia.
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Indicator / Formula
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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 | _SECTION_BEGIN("Weekly");TimeFrameSet( inWeekly);Piv = ( HHV(H, 3) + LLV(L, 3) + C )/3 ;HL = ( HHV(H, 3) - LLV(L, 3) )/2 ;up = Piv + HL ;dn = Piv - HL ;TimeFrameRestore();Plot( TimeFrameExpand( Piv, inWeekly), "Weekly", colorBlue, styleDots|styleNoLine, Null, Null, 1 ); Plot( TimeFrameExpand( up, inWeekly), " ", colorBlue, styleDashed, Null, Null, 1 ); Plot( TimeFrameExpand( dn, inWeekly), " ", colorBlue, styleDashed, Null, Null, 1 ); _SECTION_END();_SECTION_BEGIN("Monthly"); TimeFrameSet( inMonthly);Piv = ( HHV(H, 3) + LLV(L, 3) + C )/3 ;HL = ( HHV(H, 3) - LLV(L, 3) )/2 ;up = Piv + HL ;dn = Piv - HL ;TimeFrameRestore();Plot( TimeFrameExpand( piv, inMonthly), "Monthly", colorCustom12, styleDots|styleNoLine, Null, Null, 1 ); Plot( TimeFrameExpand( up, inMonthly), " ", colorCustom12, styleDashed, Null, Null, 1 ); Plot( TimeFrameExpand( dn, inMonthly), " ", colorCustom12, styleDashed, Null, Null, 1 ); _SECTION_END();_SECTION_BEGIN("Quarterly"); TimeFrameSet( inQuarterly);Piv = ( HHV(H, 3) + LLV(L, 3) + C )/3 ;HL = ( HHV(H, 3) - LLV(L, 3) )/2 ;up = Piv + HL ;dn = Piv - HL ;TimeFrameRestore();Plot( TimeFrameExpand( piv, inQuarterly), "Quarterly", colorCustom10, styleDots|styleNoLine, Null, Null, 1 ); Plot( TimeFrameExpand( up, inQuarterly), " ", colorCustom10, styleDashed, Null, Null, 1 ); Plot( TimeFrameExpand( dn, inQuarterly), " ", colorCustom10, styleDashed, Null, Null, 1 ); _SECTION_END();_SECTION_BEGIN("Yearly"); TimeFrameSet( inYearly);Piv = ( HHV(H, 3) + LLV(L, 3) + C )/3 ;HL = ( HHV(H, 3) - LLV(L, 3) )/2 ;up = Piv + HL ;dn = Piv - HL ;TimeFrameRestore();Plot( TimeFrameExpand( piv, inYearly), "Yearly", colorCustom16, styleDots|styleNoLine, Null, Null, 1 ); //Plot( TimeFrameExpand( up, inYearly), " ", colorCustom16, styleDashed, Null, Null, 1 ); //Plot( TimeFrameExpand( dn, inYearly), " ", colorCustom16, styleDashed, Null, Null, 1 ); _SECTION_END(); |
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This system excellent!!!. I have changed the arrangement of the line styles and colors as I like them and recommend systems : Year,Quarter and Month for the Daily and Weekly analysis, Y,Q,M and W for the Daily Time-frame, Month,Week,Day and Hour system for Hourly, 30Min or 15Min time-frames is good(for day-trading).Many things can be done with this code. Thanks for posting-this is the best ever and no other indicators are needed at all!
For the explanation of this system – this is the site :
http://www.datafeeds.com.au/AMT_articles.html