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Shares To Buy Price Graph for Amibroker (AFL)
kaiji
almost 15 years ago
Amibroker (AFL)

Rating:
5 / 5 (Votes 1)
Tags:
amibroker, position management

The Shares to Buy Price Graph allows one to automatically see the number of shares that can be purchased based on the current price when the amount of money to be invested is already known. This is useful when using Dollar Weighted Positions such as investing 2000 Dollars in each position. It eliminates the need to drag out a calculator and see how many shares to place for the order. Use the Param Feature – it is Nice.

By Tommy Beard – tab321 [at] yahoo.com

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Indicator / Formula

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/*The Shares to Buy Price Graph allows one to automatically see the number of
shares that can be purchased based on the current price when the amount of money
to be invested is already known.  This is useful when using Dollar Weighted
Positions such as investing 2000 Dollars in each position.  It eliminates the
need to drag out a calculator AND see how many shares to place for the order.

Also, if you RIGHT CLICK your graph, you can easily change the Dollar
Parameter by choosing "Parameters" AND sliding the parameter bar.  Parameters
can also be accessed via Ctrl+R on the Keyboard.  The Parameter Bar moves
increments of 100 Dollars but you can type in any figure you desire AND press
"Enter" on your keyboard if you want to use an odd number such as 2846. */

M=10000;//Enter Typical Amount Normally Used for Your Positions and This Figure will become the default Value of the Parameter
SM = Param("SM", M, 1000, 10000, 100 );
MidRange=(H+L)/2;//Figure Used in Title for Middle of Price Range. 

Plot(C, "Price", colorBlack, styleBar);

Title = Name() + "   " + Date() + "     Price: " + C + "  O: " + O + "  H: " +
H + "  L: " + L + EncodeColor( colorBlue ) + "   M:" + MidRange + " " +
EncodeColor( colorBrown ) +"  Change"+ WriteVal(ROC( Close, 1) ) + "%" + "\n" + 
EncodeColor( colorIndigo ) + WriteVal ( SM/C,(format=1.2)) + " Shares = " + " $"
+ WriteVal ( C*SM/C,(format=1.0));

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