Average buy price indicator for Amibroker (AFL)

jasmith

over 11 years ago

Amibroker (AFL)

Calculates average buy price for all current share holders at any point of time. The calculated value marks a robust resistance levels for the stock. When the price touches the average buy value, all of shareholders combined (float shares) have zero profit on average.

Requires setting “Outstanding shares” and “Float shares” values for the ticker in the Information window in AmiBroker. Add this formula at the end of your Price.afl (which is responsible for the price chart).

Indicator / Formula

_SECTION_BEGIN("Average Buy");
SetBarsRequired(sbrAll ,sbrAll );
floatShares = GetFnData( "SharesFloat" );
BasePrice = 0;
Turnover = _Price * Volume;
NotTradedShares = floatShares - Volume;

for ( ii = 0; ii < BarCount; ii++ )
{
    if ( ii == 0 )
        BasePrice[ii] = _Price[ii];
    else
        BasePrice[ii] = ( ( BasePrice[ii-1] * NotTradedShares[ii] ) + Turnover[ii] ) / floatShares ;
}
Plot( BasePrice, "Avg Buy", ParamColor( "Color", colorGreen ), ParamStyle("Style", styleDashed | styleNoLabel  ) | styleNoRescale ); 
_SECTION_END();

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