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SARVANI INDICATOR for Amibroker (AFL)

Rating:
3 / 5 (Votes 2)
Tags:
trading system, amibroker

Buying and selling pressure are measured
by different logic and depicted. Buy signals
if any at the contact points of resistances
are to be ignored.OUR EYE should judge
properly depending on the NUMBER AND
STRENGTH of buy and sell signals.

Screenshots

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Indicator / Formula

Copy & Paste Friendly
MYVOL= IIf(((V-EMA(V,7))/EMA(V,7))*100>10,0,1);
VOLPERCENT=((V-EMA(V,7))/EMA(V,7))*100;
MYGAPUP=IIf(O>Ref(C,-1) AND O>Ref(O,-1) AND C>O AND ((C-Ref(C,-1))/Ref(C,-1))*100>1,1,0);
MYVALUE=IIf(MYGAPUP==1 AND Ref(MYGAPUP,-1)==1,1,0);
HPLUSL=EMA((H+L)/2,3);
OPLUSC=EMA((O+C)/2,3);
RSIM=(RSI(7)-Ref(RSI(7),-1))/Ref(RSI(7),-1);
MYINDI=RSI(7)*MFI(14);
VALUE1=IIf(( EMA(MYINDI,3)>EMA(MYINDI,5) AND MYINDI>LLV(MYINDI,4) AND  EMA(C,5)<EMA(C,10) AND MFI(14)<80 AND (H-L)>ATR(4) ),1,0) ;
VALUE2=IIf((EMA(MYINDI,3)<EMA(MYINDI,5) AND EMA(C,5)>EMA(C,10) AND MYINDI<HHV(MYINDI,4)AND EMA(ATR(4),4)<EMA(ATR(6),6) ),1,0) ;
Buy=VALUE1==1;
Sell=VALUE2==1 OR (Ref(C,-1)>Ref(O,-1) AND C<Ref(O,-1)) OR (C<O AND ((O-C)/O)*100>=4) ;

shapebuy=Buy*shapeUpArrow;
shapesell=Sell*shapeDownArrow;

color=IIf(Buy,colorGreen,IIf(C>Ref(C,-1),colorGreen,IIf(Sell,colorRed,colorBlack)));
Plot(Close,"close",Color,styleCandle);
PlotShapes(shapebuy,colorGreen,0,Low,Offset=-15);

VOLBUY=Buy AND VOLPERCENT>=20;

shapevol=VOLBUY*shapeUpTriangle;

VOLSELL=Sell AND VOLPERCENT>20;

shapevolsell=VOLSELL*shapeDownTriangle;



AlertIf( shapevol, "", "BUY @ " + C, 1 );
PlotShapes(shapevol,colorBlue,0,Low,Offset=-25);
PlotShapes(shapesell,colorRed,0,High,Offset=-15);
PlotShapes(shapevolsell,colorOrange,0,High,Offset=-25);
Title = Name() + " " + Date()+" " + EncodeColor( colorBlue ) +"**********SARVANI INDICATOR********" +EncodeColor( colorRed )
+ " OPEN.... " + O + "... HIGH... " + H + "... LOW... " + L + " ...CLOSE.... "+ C + "...VOLUME INC. %..." + ((V-EMA(V,7))/EMA(V,7))*100 + "\n";

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