Green Puddles for Amibroker (AFL)
spectremind over 13 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);0 comments
Leave Comment
Please login here to leave a comment.