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#1 Selling Amibroker Plugin featuring:
Heinkein Ashi ATR System for Amibroker (AFL)
This is Heinkein Ashi with ATR added to it.
It is very much useful in 5 min chart when prices are in oversold or overbought Zones.
Buying should be done, once 1 candle close is above ATR or Stoploss line (Buy above High of the candle)-5 min timeframe.
Selling should be done, once 1 candle close is below ATR or Stoploss line (Sell below Low of candle)- 5 Min timeframe
Regards
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Similar Indicators / Formulas
Indicator / Formula
HaClose = (O+H+L+C)/4; HaOpen = AMA( Ref( HaClose, -1 ), .40); HaHigh = Max( H, Max( HaClose, HaOpen ) ); HaLow = Min( L, Min( HaClose, HaOpen ) ); xDiff = (HaHigh - Halow) * IIf(StrFind(Name(),"JPY"),100,10000); barcolor = IIf(HaClose >= HaOpen,colorGreen,colorRed); PlotOHLC( HaOpen, HaHigh, HaLow, HaClose, "", barcolor, styleCandle ); // Plot(EMA(HaClose,9),"",colorWhite, styleLine); // Plot(EMA(HaClose,18),"",colorBlack, styleLine); _SECTION_BEGIN("Heikin Ashi-20"); //Save indicator as "Heikin Ashi-20.afl" in C: program files > Amibroker > Formulas > Custom folder and then drap and drop on price chart no=Param( "Swing", 20, 1, 55 ); tsl_col=ParamColor( "Color", colorCycle ); res=HHV(H,no); sup=LLV(L,no); avd=IIf(C>Ref(res,-1),1,IIf(C<Ref(sup,-1),-1,0)); avn=ValueWhen(avd!=0,avd,1); tsl=IIf(avn==1,sup,res); Plot(tsl, _DEFAULT_NAME(), tsl_col, styleStaircase); // or styleaArea Buy=Cross(C,tsl); Sell=Cross(tsl,C); shape=Buy*shapeUpArrow + Sell*shapeDownArrow; PlotShapes(shape,IIf(Buy,tsl_col,tsl_col),0,IIf(Buy,Low,High)); _SECTION_END();
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