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WiseTrader Toolbox
#1 Selling Amibroker Plugin featuring:
Advanced Adaptive Indicators
Advanced Pattern Exploration
Neural Networks
And Much More ....
Trend Score for Amibroker (AFL)
Rating:
4 / 5 (Votes 3)
Tags:
trading system, amibroker
The strength of the trend. Code created by vole_00 srsc.
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Indicator / Formula
Copy & Paste Friendly
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 | CTS=IIf(C>=Ref(C,-5),1,-1)+ IIf(C>=Ref(C,-6),1,-1)+ IIf(C>=Ref(C,-7),1,-1)+ IIf(C>=Ref(C,-8),1,-1)+ IIf(C>=Ref(C,-9),1,-1)+ IIf(C>=Ref(C,-10),1,-1)+ IIf(C>=Ref(C,-11),1,-1)+ IIf(C>=Ref(C,-12),1,-1)+ IIf(C>=Ref(C,-13),1,-1)+ IIf(C>=Ref(C,-14),1,-1); Plot(CTS, "CTS", colorBlack, styleLine ); Plot(12,"",colorRed,styleLine); Plot(0,"",colorBlue,styleLine); Plot(-12,"",colorRed,styleLine); EntryLong = CTS>=5 AND Ref(CTS,-1)<5; ExitLong = CTS<0; Buy = EntryLong; Sell = ExitLong; PlotShapes(IIf(Buy ==1, shapeUpArrow , shapeNone), colorGreen, 0,CTS, Offset=-15); PlotShapes(IIf(Sell ==1, shapeDownArrow, shapeNone), colorRed, 0,CTS, Offset=-15); |
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Good for trending market. Not good for rangebound situations.
thanks lot for nice contribution..
THANKS A LOT
Nice indicator especially in weekly time frame
@haifx,
Can we make some modification like this….?
‘ExitLong=CTS<=5 AND Ref(CTS,-1)>5;
Buy = EntryLong;
Sell = ExitLong;
Buy=ExRem(EntryLong,ExitLong);
Sell=ExRem(ExitLong,EntryLong);’
this is queat batter for Daily TF…..
anandst,Vishwanath sir,Sir what is your opinion for Daily TF…?
how to use this