Green Puddles for Amibroker (AFL)

spectremind

almost 12 years ago

Amibroker (AFL)

this is a simple, yet powerful indicator that is really powerful when coupled with my recent “MACD with signal”.
buying long:
if the stochastic on this indicator is < 20 and rising to 20 ,and, simultaneously, if the MACD is rising then buy!! for added strength ensure that the MA’s slope is moving up.
selling: pick your own exit. but i prefer to use signal(9) to capture maximum profits!!
another proven method is to have stops at -/+ %10.

i hope you guys find this indicator useful. i’d be really happy if someone builds upon this indicator.
happy trading,
spectremind

Screenshots

Indicator / Formula

//green puddles//

// by: spectremind//

SetChartOptions(0,0,ChartGrid20 | ChartGrid80 ); 
r = StochD(12); 
Plot( r, "StochD", colorOrange ); 
PlotOHLC( r,r,50,r, "", IIf( r > 50, colorRed, colorGreen ), styleCloud | styleClipMinMax, 20, 0 ); 

Ref1= Ref(EMA(Close,200),-20);
Ref2= Ref(EMA(Close,200),-5);
Val= StochD(12,3,3);
Refval= Ref(Val,-1);

Buy = StochD(12,3,3) <20 AND Ref2 > Ref1 AND Refval < Val;

Sell =Cross(C,EMA(12,26));

Buy= ExRem(Buy,Sell);
Sell=ExRem(Sell,Buy);

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