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#1 Selling Amibroker Plugin featuring:
filter out the noise of the trend for Amibroker (AFL)
this indicator is very useful. It filters out the noise of the trend which the open-close data from the prior period and the open-high-low-close data from the current period. This technique of combining the previous and the current period results into a candle which substantially reduces the volatility in the price movement and gives out a clear trend. Unlike their counterpart from which they originate (Normal Candlesticks), It do not have any Bullish-Bearish patterns. These are simply used to identify trending periods, potential reversal points and technical analysis patterns like range breakouts, triangles and rectangles. Nevertheless, when it comes to identifying trend, this works very well.
Similar Indicators / Formulas
Indicator / Formula
_SECTION_BEGIN("NN Looping ( no AMA() )");
///////////////////////////////////////////////////////////
//
// Calculated Properly with no use of AMA
//
//
//
NNClose[0] = (Open[0]+High[0]+Low[0]+Close[0]) / 4;
NNOpen[0] = (NNClose[0] + Open[0]) / 2;
NNHigh[0] = Max( High[0], Max( NNClose[0], NNOpen[0] ) );
NNLow[0] = Min( Low[0], Min( NNClose[0], NNOpen[0] ) );
for (i=1; i<BarCount; i++)
{
NNClose[i] = (Open[i]+High[i]+Low[i]+Close[i]) / 4;
NNopen[i] = (NNClose[i-1] + NNOpen[i-1]) / 2; // Here is the problem when using Arrays: Haopen always uses its own previous value
NNHigh[i] = Max( High[i], Max( NNClose[i], NNOpen[i] ) );
NNlow[i] = Min( Low[i], Min( NNClose[i], NNOpen[i] ) );
}
PlotOHLC( NNOpen, NNHigh, NNLow, NNClose, "NN", colorBlack, styleCandle );
Title = Name()+" "+Date()+" Heikin Ashi -- NNOpen:"+NumToStr(NNOpen,1.2,True)+"
/ NNHigh:"+NumToStr(NNHigh,1.2,True)+" / NNLow:"+NumToStr(NNlow,1.2,True)+"
NNClose:"+NumToStr(NNclose,1.2, True);
_SECTION_END();5 comments
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Iam new commer of commodity market.losses huge money,please give one buy sell system which give me 99% success.any way i may promise any condition…
pulakesh13, do yourself a favor and stop trading and educate yourself first on the subject.
thanks
this is Heikin Ashi formula..!
Thanks dear. Seems useful.