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Parallel Trend Lines for Amibroker (AFL)
Rating:
4 / 5 (Votes 4)
Tags:
An indicator to show us trend lines.
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Indicator / Formula
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// Parallel lines defined by the automatic support and the HighestBetween point x = Cum(1);per = 3;s1=L;s11=H; pS = TroughBars( s1, per, 1 ) == 0; endt= LastValue(ValueWhen( pS, x, 1 )); startt=LastValue(ValueWhen( pS, x, 2 )); dtS =endt-startt; endS = LastValue(ValueWhen( pS, s1, 1 ) ); startS = LastValue( ValueWhen( pS, s1, 2 )); aS = (endS-startS)/dtS;bS = endS; trendlineS = aS * ( x -endt ) + bS; Plot(IIf(x>startt-10,trendlineS,-1e10),"",colorYellow,1); H1=LastValue(Highest((Cum(1)>startt AND Cum(1)<endt)*H)); tH1=LastValue(ValueWhen(H==H1,Cum(1))); Color=IIf((Cum(1)==startt OR Cum(1)==endt),colorYellow,IIf(Cum(1)==tH1,colorOrange,colorBlack)); Plot(C,"Close",Color,64); UpperParallel=aS*(x-tH1)+H1;Plot(IIf(x>startt-10,UpperParallel,-1e10),"UpperLine",colorOrange,1); // Parallel lines defined by the automatic resistance and the LowestBetween point x = Cum(1);per = 3;s1=L;s11=H; pR = PeakBars( s11, per, 1 ) == 0; endt1= LastValue(ValueWhen( pR, x, 1 )); startt1=LastValue(ValueWhen( pR, x, 2 )); dtR =endt1-startt1; endR = LastValue(ValueWhen( pR, s11, 1 ) ); startR = LastValue( ValueWhen( pR, s11, 2 )); aR = (endR-startR)/dtR; bR = endR; trendlineR = aR * ( x -endt1 ) + bR; Plot(IIf(x>startt1-10,trendlineR,-1e10),"",colorYellow,1); L1=LastValue(Lowest(IIf(Cum(1)>startt1 AND Cum(1)<endt1,L,10^10))); tL1=LastValue(ValueWhen(L==L1,Cum(1))); Color=IIf((Cum(1)==startt1 OR Cum(1)==endt1),colorYellow,IIf(Cum(1)==tL1,colorOrange,colorBlack)); Plot(C,"Close",Color,64); LowerParallel=aR*(x-tL1)+L1;Plot(IIf(x>startt1-10,LowerParallel,-1e10),"LowerLine",colorOrange,1);
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Good work, if u have improvised the above afl.. or any other good works, please let me know… :) kselvakumaran@gmail.com