Trend/Swing Trading System for Amibroker (AFL)

This indicator is meant to be added below a price chart. It is made to locate BIG turning points. The idea is to allow for entry points (and exits) where there is a definite turn instead of generating signals in regions that are essentially flat without any trend. I also use stops, both in backtesting and real trading because you’re foolish to think every trade is a winner.

The best parameter to adjust first is the standard deviation range, the lower it is, the fewer signals will be generated. The other parameters are basically just to get a smoothly plotted black line.