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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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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 | // 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