Download Support & Resistant with Exploration mode For Amibroker (AFL)

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_SECTION_BEGIN("support and resistant");
 
//Support and resistance levels using RSI.
 
//graham Kavanagh May 2003
 
//Load into Indicator Builder
 
//Sensitivity of the levels can be changed with the variables
 
//Can test different numbers live with the Param function ctrl-R with Open pane
 
RSIperiod = 5; // Param("RSI p",3,14,30,1);
 
Percent = 5; // Param("ZIG %",8,9,15,1);
 
EMAperiod = 5; //Param("EMA p",4,5,10,1);
 
HHVperiod = 5; //Param("HHV p",3,5,10,1);
 
NumLine = 1; //Param("Num Lines",3,1,20,1);
 
Base = DEMA(RSI(RSIperiod), EMAperiod) ;
 
GraphXSpace=0.5;
 
Plot(C,"",colorBlack,styleCandle);
 
for( i = 1; i <= numline; i++ )
 
{
 
ResBase = LastValue(Peak(Base,Percent, i));
 
SupBase = LastValue(Trough(Base,Percent, i));
 
Plot(ValueWhen( ResBase==Base, HHV(H,HHVperiod) ), "Resist Level",
 
colorRed, styleLine);
 
Plot(ValueWhen( supbase==Base, LLV(L,HHVperiod) ), "Support Level",
 
colorGreen, styleLine);
 
}
 
Title = Name() + "; " + Date() + ": Support & Resistance Levels using
 
RSI: " + /*EncodeColor( colorGreen) + "Support Levels are Green;
 
"+EncodeColor( colorRed) + "Resistance Levels are Red:
 
"+EncodeColor( colorBlack) +*/ "Num lines ="+WriteVal(numline, 1) ; 
 
Filter=C>1 AND C<100 AND ResBase>=1 AND SupBase >=1;
 
Buy=Sell=Short=Cover=0;
 
AddColumn(C,"Close",1.2);
 
AddColumn(ValueWhen( ResBase==Base, HHV(H,HHVperiod)) ,"Resistance",1.2);
 
AddColumn(ValueWhen( supbase==Base, LLV(L,HHVperiod)) ,"Support",1.2);
 
_SECTION_END();

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Support & Resistant with Exploration mode for Amibroker (AFL)
arm
about 15 years ago
Amibroker (AFL)

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