Stock Portfolio Organizer
The ultimate porfolio management solution.
WiseTrader Toolbox
#1 Selling Amibroker Plugin featuring:
Weekly step Upgraded for Amibroker (AFL)
Weekly Step was modified and revised for further use.
It can be used for shorter time frame as well like hourly and 15 minutes.
Do try……….
Pan
Similar Indicators / Formulas
Indicator / Formula
_SECTION_BEGIN("BS Weekly"); /* switch to weekly time frame */ TimeFrameSet( inWeekly ); MP = ( H + L + C) / 3; //CALCULATING MEDIAN PRICE BS = MA( MP, 5 ); // CALCULATING THE BALANCE STEP _UP = BS > Ref(BS,-1); _BScolor = IIf( _UP, ParamColor("Up Color", colorBrightGreen), ParamColor("Down Color", colorRed )); /* choose color */ TimeFrameRestore(); /* expand calculated weekly BALANCE STEP to display on DAILY charts */ BalanceStep = TimeFrameExpand( BS, inWeekly ); UP = TimeFrameExpand( _UP, inWeekly ); BScolor = TimeFrameExpand( _BScolor, inWeekly ); Plot(BalanceStep,"Weekly Val",BScolor,styleLine | styleThick,0,0,1); //----------------------------------------------------------- TimeFrameSet( inDaily); MP1 = ( H + L + C) / 3; //CALCULATING MEDIAN PRICE BS1 = MA( MP1, 5 ); // CALCULATING THE BALANCE STEP _UP1 = BS1 > Ref(BS1,-1); _BScolor1 = IIf( _UP1, ParamColor("Up Color1", colorCustom11), ParamColor("Down Color1", colorCustom12)); /* choose color */ TimeFrameRestore(); /* expand calculated weekly BALANCE STEP to display on DAILY charts */ BalanceStep1 = TimeFrameExpand( BS1, inDaily); UP1 = TimeFrameExpand( _UP1, inDaily); BScolor1 = TimeFrameExpand( _BScolor1, inDaily); Plot(BalanceStep1,"Daily Val",BScolor1,styleLine | styleThick,0,0,1); //---------------------------------------------------------------------- _SECTION_END(); _SECTION_BEGIN("Price"); _N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) )); pds = 20; MAFAST = EMA( Close, 20 ); MASLOW = EMA( Close, 40 ); DonchianUpper = HHV( Ref( H, -1 ), pds ); // Highest high value of highs in last 20 periods DonchianLower = LLV( Ref( L, -1 ), pds ); // Lowest low value of low in last 20 periods DonchianMiddle = ( DonchianUpper + DonchianLower ) / 2; UpTrend = C > ( LLV( L, 20 ) + 2 * ATR( 10 ) ) AND EMA( Close, 20 ) > EMA( Close, 40 ); DnTrend = C < ( HHV( H, 20 ) - 2 * ATR( 10 ) ) AND EMA( Close, 20 ) < EMA( Close, 40 ); Color = IIf( UpTrend, colorBlue, IIf( DnTrend, colorRed, colorYellow) ); // Plots a 20 period Donchian channel Plot( C, "Price", Color, styleBar | styleThick ); NewDay = IIf(Day() != Ref(Day(), -1) OR BarIndex() == LastValue(BarIndex()), 1, 0); //Plot(NewDay, "", 47, 2 + 32768 + 4096, Minvalue = 0, Maxvalue = 1); _SECTION_END();
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HI Panno,
Please tell us how to interprete this indicator for 15 minutes usage elaborately
Thanks
Sudha
@Panno,
thnx for daily level….!
i had used weekly levels now this helps me in daily level….!
Thnx once again….!
It is not working in 15 minutes or hourly timeframe. Kindly check it. (Only working in daily and weekly)
good indicator- thanks for contribution