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Wavetrend with Buy-sell arrows for Amibroker (AFL)
Rating:
2 / 5 (Votes 5)
Tags:
oscillator, trading system, amibroker
Wavetrend with Buy-sell arrows
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Indicator / Formula
Copy & Paste Friendly
_SECTION_BEGIN("Wavetrend with Buy-sell arrows"); ChannelPeriods = Param("Channel Periods",10,1,50,1); AvgPeriods = Param("Average Periods",31,1,50,1); OverBought = Param("Over Bought Line",64,0,100,1); OverSold = Param("Over Sold Line",-64,-100,0,1); ColTCI = ParamColor("TCI Line Color",colorBrown); ColOB = ParamColor("Over Bought Color",colorRed); ColOS = ParamColor("Over Sold",colorGreen); XSpace = Param("GraphXSpace",7,0,20,0.5); n1 = ChannelPeriods; // Channel periodsdefault is 10. n2 = AvgPeriods; // Average periodsdefault is 31. AP = Avg; //Typical Price ESA = EMA(AP, n1); D = EMA(abs(AP - ESA), n1); CI = (AP - ESA) / (0.015 * D); TCI = EMA(CI, n2); WaveTrend1 = TCI; WaveTrend2 = MA(WaveTrend1,4); myColor = IIf (WaveTrend1 > WaveTrend2, colorLavender, IIf (WaveTrend2 > WaveTrend1, colorRed ,colorLightYellow)); Plot(WaveTrend1,"WaveTrend ",myColor,styleDots | styleThick); //Plot(WaveTrend2,"WaveTrend2",colorLightYellow,styl eDashed); Plot(WaveTrend2,"WaveTrend2",ParamColor("Signal Line color", colorPaleBlue),styleDots); Plot(OverBought,"OB Line",ColOB,8+16);//|styleNoLabel);//8+16 Plot(OverSold,"OS Line",ColOS,8+16);//|styleNoLabel); Plot(n1,"Channel Periods",colorBlue,styleNoLabel |styleNoRescale |styleNoDraw); Plot(n2,"Avg Periods",colorBlue,styleNoLabel |styleNoRescale | styleNoDraw); Plot(0,"0",colorRed,styleNoLabel); //Plot(100,"",9 ,styleOwnScale | styleArea | styleNoLabel,-5,100); //Background pane coloring GraphXSpace = XSpace; _SECTION_END(); _SECTION_BEGIN("Buy Sell Signal"); x = WaveTrend1; y = WaveTrend2; Buy=Cross(x,y); Sell=Cross(y,x); Buy = ExRem(Buy, Sell); Sell = ExRem(Sell, Buy); PlotShapes(shapeUpArrow*Buy,colorGreen); PlotShapes(shapeDownArrow*Sell,colorRed); _SECTION_END ();
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This afl was posted in traderji by Shruti trader.