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Donchian Fibs for Amibroker (AFL)
Rating:
3 / 5 (Votes 3)
Tags:
DonchainFibs.Afl plots a n period Donchian channel with Fibonacci lines between High and Low.
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Indicator / Formula
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_SECTION_BEGIN("DonchianFibs");
SetChartOptions(1,chartShowDates);
_N(Title=StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) Vol " +WriteVal( V, 1.0 ) +" {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 )) ));
Plot(C, "", colorBlack, styleCandle);
pds=Param("DFibLookback",55,1,200,1);
DonchianUpper =HHV(H,pds);
DonchianLower = LLV(L,pds);
DonchianRange = DonchianUpper-DonchianLower;
Donchian236 = 0.236 * DonchianRange + DonchianLower;
Donchian382 = 0.382 * DonchianRange + DonchianLower;
Donchian500 = 0.500 * DonchianRange + DonchianLower;
Donchian618 = 0.618 * DonchianRange + DonchianLower;
Donchian764 = 0.764 * DonchianRange + DonchianLower;
Plot(DonchianUpper,"DU",ParamColor("CUpper",colorBlue),styleLine);
Plot(Donchian236,"D236",ParamColor( "C236", colorYellow),styleLine);
Plot(Donchian382,"D382",ParamColor( "C382", colorAqua),styleLine);
Plot(Donchian500,"D500",ParamColor( "C500", colorRed),styleLine);
Plot(Donchian618,"D618",ParamColor( "C618", colorAqua),styleLine);
Plot(Donchian764,"D764",ParamColor( "C764", colorYellow),styleLine);
Plot(DonchianLower,"DL",ParamColor("CLower",colorBlue),styleLine);
_SECTION_END();1 comments
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Very nice indicator. Able to visually identify the trend