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#1 Selling Amibroker Plugin featuring:
Trend exploration with multiple timeframes for Amibroker (AFL)
I started experimenting with Tradestations Radarscreen
when it struck me that Amibroker have the same function “Exploration” but
100000$ much cheaper.
The formula is quite simple just load it in to Amibroker and go to automatic analysis and push explore. The formula will scan multiple moving averages and draw conclusions regarding overall trend phase, strenght etc. Enjoy!
Author: Marcus Davidsson
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Similar Indicators / Formulas
Indicator / Formula
/*Use daily data! You could use data with higher time resolution but then you have to include a timeframe parameters since 10 periods will become 10 minutes (if you have one Minute data)*/ ////////////////////////////////////////////////////////////// Filter = 1; // all symbols and quotes accepted. DTL=140; // DTL = Define Trend Long DTM=60; // DTM = Define Trend Medium DTS=8; // DTS = Define Trend Short ////////////////////////////////////////////////////////////// TL=LinRegSlope(MA(C, DTL),2); // TL = Trend Long TM=LinRegSlope(MA(C, DTM),2); // TM = Trend Medium TS=LinRegSlope(MA(C, DTS),2); // TS = Trend Short TLL=IIf(LinRegSlope(MA(C, DTL),2) > 0,True, False); TMM=IIf(LinRegSlope(MA(C, DTM),2) > 0,True, False); TSS=IIf(LinRegSlope(MA(C, DTS),2) > 0,True, False); TLLL= WriteIf(TL>0 AND TL<0.3,"+", WriteIf(TL>=0.3 AND TL<0.6 ,"+ +", WriteIf(TL>=0.6,"+ + +", WriteIf(TL<0 AND TL>-0.3,"-", WriteIf(TL<=-0.3 AND TL>-0.6 ,"- -", WriteIf(TL<=-0.6,"- - -","")))))); TMMM= WriteIf(TM>0 AND TM<0.3,"+", WriteIf(TM>=0.3 AND TM<0.6 ,"+ +", WriteIf(TM>=0.6,"+ + +", WriteIf(TM<0 AND TM>-0.3,"-", WriteIf(TM<=-0.3 AND TM>-0.6 ,"- -", WriteIf(TM<=-0.6,"- - -","")))))); TSSS= WriteIf(TS>0 AND TS<0.3,"+", WriteIf(TS>=0.3 AND TS<0.6 ,"+ +", WriteIf(TS>=0.6,"+ + +", WriteIf(TS<0 AND TS>-0.3,"-", WriteIf(TS<=-0.3 AND TS>-0.6 ,"- -", WriteIf(TS<=-0.6,"- - -","")))))); ////////////////////////////////////////////////////////////// AddTextColumn( TLLL, "MA"+-DTL, 1 , colorDefault, IIf( TLL==True, colorGreen, colorRed ),-1 ); AddTextColumn( TMMM, "MA"+-DTM, 1 , colorDefault, IIf( TMM==True, colorGreen, colorRed ),-1 ); AddTextColumn( TSSS, "MA"+-DTS, 1 , colorDefault, IIf( TSS==True, colorGreen, colorRed ),-1 ); ////////////////////////////////////////////////////////////// message= WriteIf(TL>=0.3 AND TM>=0.3 AND TS>=0.3, "Strong Up Trend", WriteIf(TL<=-0.3 AND TM<=-0.3 AND TS<=-0.3, "Strong Down Trend", WriteIf(TLL==True AND TMM==True AND TSS==True,"Up Trend", WriteIf(TLL==False AND TMM==False AND TSS==False,"Down Trend", "No Trend")))); AddTextColumn( message, "Overall Trend", 1 , colorDefault,IIf(TLL==True AND TMM==True AND TSS==True, colorGreen, IIf(TLL==False AND TMM==False AND TSS==False, colorRed, colorDefault )),-1 ); ////////////////////////////////////////////////////////////// x = IIf(Cross(LinRegSlope(MA(C, DTL),2),0) OR Cross(0, LinRegSlope(MA(C, DTL),2) ), True, False); y = BarIndex()-ValueWhen(x==True, BarIndex(),1); Phase=WriteIf(Y>=400,"Mature",WriteIf(Y>100 AND Y<400, "Progress", WriteIf(Y<=100, "Initial", ""))); //AddColumn( y, "Trend Phase", 1 , colorDefault, -1); AddTextColumn( Phase, "Trend Phase", 1 , colorDefault, -1); ////////////////////////////////////////////////////////////// Comments= WriteIf(Y>=400,"Mature trend with risk of bubble", WriteIf(y<400 AND TLL==True AND TMM==True AND TSS==True, "Keep on coming baby $", WriteIf(y<15 AND TLL==True AND TMM==True AND TSS==True OR TLL==False AND TMM==False AND TSS==False, "Are you going to grow up and become a big boy?", WriteIf(y<400 AND TLL==False AND TMM==False AND TSS==False, "Keep on coming baby $$", WriteIf(TLL==True AND TMM==True AND TSS==False OR TLL==False AND TMM==False AND TSS==True, "Risk for short term reversal", WriteIf(TLL==True AND TMM==False AND TSS==True OR TLL==False AND TMM==True AND TSS==False, "trading range-avoid", "live to trade another day")))))); AddTextColumn( Comments, "Comments", 1 , colorDefault,colorDefault,-1 ); //////////////////////////////////////////////////////////////
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