ASC clone for Amibroker (AFL)
carlvan about 14 years ago Amibroker (AFL)
This code produces colored bar almost similar, and sometimes better, than a commercial system sold thousands of dollars. What is provided here is the color coding for bullish/bearis bars, but not the trailing stop, as any volatility stop will work here; there are many who are freely available from amibroker library on the offical site.
Enjoy!
Carl
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Indicator / Formula
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_SECTION_BEGIN("Carl_ASC");
function PercentR( periods )
{
return -100 * ( HHV( H, periods ) - C )/( HHV( H, periods ) - LLV( L, periods ) );
}
periods= Param("periodes",14,1,100,1);
PR=PercentR( periods );
SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ));
Plot( C, "Close", IIf(pr>-50,colorBlue,colorRed), styleNoTitle | ParamStyle("Style") | GetPriceStyle() );
if( ParamToggle("Tooltip shows", "All Values|Only Prices" ) )
{
ToolTip=StrFormat("Open: %g\nHigh: %g\nLow: %g\nClose: %g (%.1f%%)\nVolume: "+NumToStr( V, 1 ), O, H, L, C, SelectedValue( ROC( C, 1 )));
}
_SECTION_END();
4 comments
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CARL,
Help me , please, with “STOP LOSS” formula in your graph.
spintariscop@yahoo.com
Thank You
Carl
Tell me more about your ASC clone,how does it work, please.
Thank you
Dears, so sorry to answer only …6 years after!! I wish there were an option to “subscribe” to a post so you know when somebody posts a comment under your subject. To answer the remarks above: first, thank you for your interest, then: the stop loss is just up to you for the first bars after entry. Personnally I use the last 2 bars extreme to exit quickly. Then, once the gain is a bit higher I will simply exit according to a trailing stop loss, usually the MA. You could also exit when you there is a bar color change AND the next bar breaks the last low (in case of long trader).
Regarding how to enter with this indicator, it is very simple: enter 1 tick above the new blue bar. If you use a volatility stop it is even better to wait for a pullback on the volatility stop line, and providing the color is still blue, enter on the last high + 1 tick. It works well.
You know what they say. Better late then never :)