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SAIEMA for Amibroker (AFL)
Rating:
2 / 5 (Votes 5)
Tags:
amibroker, moving average
GO Long over blue bar ,short below red bar,yellow bar indicates sideways so do not enter into trade.
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Indicator / Formula
Copy & Paste Friendly
SetChartBkColor(colorLightGrey) ;
SetBarFillColor( IIf( C >O AND C>MA(C,21) AND C>EMA(C,8),colorBlue, IIf( C <O AND C>MA(C,21) AND C>EMA(C,8),colorBlueGrey,IIf(( C<O AND C<MA(C,21) AND C>EMA(C,8)) OR (
C<O AND C>MA(C,21) AND C<EMA(C,8)) ,colorYellow,IIf(( C>O AND C<MA(C,21) AND C>EMA(C,8)) OR ( C>O AND C>MA(C,21) AND C<EMA(C,8)) ,colorPink,IIf( C>O AND C<MA
(C,21) AND C<EMA(C,8) ,colorPink,colorRed) )))));
Col=IIf( C<MA(C,21) AND C<EMA(C,8) ,colorRed,IIf( C>MA(C,21) AND C>EMA(C,8),colorBlueGrey,IIf(( C<MA(C,21) AND C>EMA(C,8)) OR ( C>MA(C,21) AND C<EMA(C,8))
,colorYellow,colorYellow)));
Plot( C, "Close", col, styleNoTitle | ParamStyle("Style") | GetPriceStyle() );7 comments
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Hello Sai:
I just tried using your AFL.
I was unable to understand what you meant by Go Long Over the Blue bar etc, because there seem to be a string of Candles of varying shades of Blue or Red. Perhaps it would help if you can be more specific please
Regards
Subash
hi subash
when you see blue color candle,buy
when you see red candle,sell
yellow is no trend.
you are getting other things other colors due to settings difference.
if uptrend is strong dark blue comes or else lighter color in blue
if dntrend strong,red candle,if weak dntrend,you get shades of red or pink.
anytime you enter you must use a stoploss as follows.
for long trades stoploss at (entry blue candle low -2)=L-2
for short trades, stoploss at entry red candle high 2 = H2 of short entry candle
Hi ford7k
Can you help adding buy sell definition and scan in an afl chart as I tell the condition of BUY SELL and SL as you have mentioned here.
mukyav@gmail.com
Hi subash,
ford7k explained to your query well.to add to that in a strong uptrend you have series of blue bars ,after that if market opens high and close below in the next bar ,to show the lower close we have blue gray bar,similarly in downtrend you have series of red bars when market opens low and close higher in the bar in order to display the higher close in a downtrend we have pink bars ,yellow bars indicate sideways trend.so trade like this,go long when you see blue bar stay in the trade until you see a yellow bar or a red bar,go short when you see red bar stay in the trade until you see a yellow bar or blue bar.
regards
sai
hi mukyav,
this afl is pretty good in telling you the trend strength by visually,i have used this afl with other buy sell setups like OR breakouts ect.Haven’t tried alone.
regards,
sai
Hi ford7k,
Thanks for explaining the AFL.
regards
sai
Thanks ford and Sai for the explanation.
I was not active for the last few months so I didnt really look into this
Thanks again
Cheers
Subash