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#1 Selling Amibroker Plugin featuring:
20 Day High's vs new 20 Day lows for Amibroker (AFL)
20 Day High’s vs new 20 Day lows. To make this work you need to run a scan in Amibroker first.
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Indicator / Formula
// Calculates new 20 Day High's vs new 20 Day lows. // The new symbol "~NewHiNewLoIndex" will be found in the Workspace > Symbol > //All > at the end. // Input a Date 5 years back to the current Date in the Range section of the //Analysis Window AND click the From button. // In the Apply To section, click the Use Filter button AND click the Define > //Include > Group > Stock ; // to scan stocks ONLY. Right click on chart window, then > Parameters > Show //MiddlLe Lines - NO > Levels > +-100. // Compare against the SP-500, look for convergences, divergences. Read Elder's //book "Trading For A Living" pp.194-200. H1 = High > Ref(HHV(High,10),-1); L1 = Low < Ref(LLV(Low,10),-1); HiLoDifference = H1 - L1; Buy = 0; Filter = 0; AddToComposite( HiLoDifference , "~20HiNewLoIndex", "c", atcFlagDefaults =7); GraphXSpace = 10; Plot(Foreign("~20HiNewLoIndex","C",1),"20 Day New High - New Low Index",colorYellow,styleCandle);
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