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#1 Selling Amibroker Plugin featuring:
Trend detection Indicator for Amibroker (AFL)
This is trend detection indicator for intraday trading.
Link: http://www.traderji.com/amibroker/67280-trend-detection-bands.html
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Indicator / Formula
_SECTION_BEGIN("_trend detection bands (overlay)"); BDay= Optimize("upper-lines",Param("upper-lines",1,1,28,1),1,21,1);//2 SDay= Optimize("lower-lines",Param("lower-lines",1,1,28,1),1,21,1);//7 Hc=(O+H+L+C)/4; Ho = AMA( Ref( Hc, -1 ), 0.5 ); Hh = Max( H, Max( Hc, Ho ) ); Hl = Min( L, Min( Hc, Ho ) ); HHb = HHV(hH,Bday); HCb = HHV(hC,Bday); LLb = LLV(hL,Bday); LCb = LLV(hC,Bday); HHs = HHV(hH,Sday); HCs = HHV(hC,Sday); LLs = LLV(hL,Sday); LCs = LLV(hC,Sday); for( i = 1+Max(Bday,Sday); i < BarCount; i++ ) { if ((HHb[i-1] - LCb[i-1]) >= (HCb[i-1] - LLb[i-1])) Buyrange[i] = HHb[i-1] - LCb[i-1]; else Buyrange[i] = HCb[i-1] - LLb[i-1]; if ((HHs[i-1] - LCs[i-1]) >= (HCs[i-1] - LLs[i-1])) Sellrange[i] = HHs[i-1] - LCs[i-1]; else Sellrange[i] = HCs[i-1] - LLs[i-1]; }; Band_TopSMOOTH=AMA( Ho+Buyrange, 0.5 ); Band_BotSMOOTH=AMA( Ho-Sellrange, 0.5 ); Band_MidSMOOTH=(Band_TopSMOOTH+Band_BotSMOOTH)/2; Band_Top=Ho+Buyrange; Band_Bot=Ho-Sellrange; Band_Mid=(Band_Top+Band_Bot)/2; BS = ParamToggle("bands smooth","No|Yes",1); BN = ParamToggle("bands normal","No|Yes",1); DUL = ParamToggle("upper/lower bands","No|Yes",0); //disable upper/lower bands if (BS AND DUL) Plot( Band_TopSMOOTH, " Band_TopSMOOTH ", IIf( Band_TopSMOOTH>Ref(Band_TopSMOOTH,-1), colorOrange, colorRed )); if (BS) Plot( Band_MidSMOOTH, " Band_MidSMOOTH ", IIf( Band_MidSMOOTH>Ref(Band_MidSMOOTH,-1), colorGreen, colorRed )); if (BS AND DUL) Plot( Band_BotSMOOTH, " Band_BotSMOOTH ", IIf( Band_BotSMOOTH>Ref(Band_BotSMOOTH,-1), colorDarkGreen, colorGreen )); if (BS) Plot( 1, "ribbon", IIf( Band_MidSMOOTH>=Ref(Band_MidSMOOTH,-1), colorGreen, IIf( Band_MidSMOOTH<Ref(Band_MidSMOOTH,-1), colorRed, colorLavender )), styleOwnScale|styleArea|styleNoLabel, -0.5, 100 ); if (BN AND DUL)Plot( Band_Top, " Band_Top ", IIf( Band_Top>Ref(Band_Top,-1), colorOrange, colorRed )); if (BN) Plot( Band_Mid, " Band_Mid ", IIf( Band_Mid>Ref(Band_Mid,-1), colorGreen, colorRed )); if (BN AND DUL) Plot( Band_Bot, " Band_Bot ", IIf( Band_Bot>Ref(Band_Bot,-1), colorDarkGreen, colorGreen )); if (BN) Plot( 2, "ribbon", IIf( Band_Mid>=Ref(Band_Mid,-1), colorGreen, IIf( Band_Mid<Ref(Band_Mid,-1), colorRed, colorLavender )), styleOwnScale|styleArea|styleNoLabel, -0.5, 100 ); _SECTION_END(); _SECTION_BEGIN("Price"); 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", ParamColor("Color", colorBlack ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() ); _SECTION_END();
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i have used it but my own developed indicator
is best
hi tsarvjit,
can you share your indicator.