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WiseTrader Toolbox
#1 Selling Amibroker Plugin featuring:
Advanced Adaptive Indicators
Advanced Pattern Exploration
Neural Networks
And Much More ....
BULL BEAR CROSSOVER for Amibroker (AFL)
Rating:
3 / 5 (Votes 6)
Tags:
trading system, amibroker
BULL VOLUME IS DEFINED AS THE MULTIPLICATION OF RATIO
OF INCREASE IN PRICE TO TOTAL WIDTH OF PRICE MOVEMENT BETWEEN
TWO SUCCESSIVE PRICE CANDLES AND AVERAGE OF THE TWO DAYS VOLUME.
BEAR VOLUME IS DEFINED LIKE WISE. INDICATOR IS DEVELOPED WITH
BULL VOLUME CROSSOVER…HOPE YOU LIKE IT. PLEASE RATE IT.
BACK TEST RESULTS SEEMS TO BE EXCELLENT. CHECK WITH YOUR DATA.
Screenshots
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Indicator / Formula
Copy & Paste Friendly
X=((C-Ref(C,-1))/(HHV(H,2)-LLV(L,2))); A=0; A=IIf(C>Ref(C,-1),A+(X*V),A+0);/*portion of bull volume*/ B=0; B=IIf(C<=Ref(C,-1),B+(X*V),B+0);/*portion of bear volume*/ C=Sum(A,10); D=Sum(B,10); E=(C/(C-D)); F=-(D/(C-D)); G=0; H=0; Buy=Cross(E,F) AND EMA(E,5)>EMA(E,10) AND E>0.55; Sell=E<0.85 AND Ref(E,-1)>0.85 ; shbuy=Buy*shapeUpArrow; shsell=Sell*shapeDownArrow; Plot(E,"A.N.KUMAR--BULL VOLUME INDICATOR",colorGreen,style=styleDots); Plot(F,"A.N.KUMAR--BEAR VOLUME INDICATOR",colorRed,style=styleDots); PlotShapes(Buy*shapeUpArrow,colorGreen,Layer=0,0,Offset=120,xshift=0); PlotShapes(Sell*shapeDownArrow,colorRed,Layer=0,0,Offset=-250,xshift=0);
14 comments
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hi, this is really an awesome indicator and thanks for posting it here. everything is fine except “sell” arrows. i cannot see them on chart. i can see only buy arrows. please look. thanks!
hi..thanks a lot for the comment and rating. I too faced the same problem of arrows.
I solved it by adjusting offset. since you are facing the problem with sell arrows
only, go to the last line, find offset, where the value is -250. Adjust this value
save and test until you find sell arrows. please confirm back whether this helped you……if difficult to do this, try to increase the size of the chart by
dragging the upper edge of the chart towards upside. you may find sell arrows…AN.KUMAR
Erron in
PlotShapes(Buy*shapeUpArrow,colorGreen,Layer=0,0,Offset=120,xshift=0);
PlotShapes(Sell*shapeDownArrow,colorRed,Layer=0,0,Offset=-250,xshift=0);
sir, at what place the error is displayed ? Kindly use copy paste friendly and
try once again. please use ctrl+a and ctrl+c and ctrl+v while copy pasting the
formula. If it is still not solved, kindly delete
,xshift=0 for both lines and save the formula.closing bracket and semicolon
should be there. This must solve your problem. please confirm back whether
this helped you.
@ chatpurpose, me too facing error, ur solution should work, thanks for instant solution. Confirming u after applying suggestion
hi..shariful..thanks, hope you liked the formula.
// kindly delete ,xshift=0 for both lines and save the formula.closing bracket and semicolon should be there. This must solve your problem//
@ chatpurpose, it works like a magic. comma before xshift=0 must be deleted. thnks lot . Indicator also seems to be amazing one, i checked few for buy signals, whipsaw rate is very nominal…
hi..shariful..grateful to your kind comment.
hi..shariful..grateful to your kind comment.
hi..all, the bullvolume indicator line(green) can also be used for judging the
strength of the trend. For example, the indicator making higher highs means
strengthy trend. One can observe the bull volume indicator falling very much
in advance prior to bearish trend. What I observe is that this indicator works
far better than money flow index indicator….I hope..keeping an eye on the
movement of bullvolume indicator can solve the problem of WHIPSAWS too.
squeezing of bubbles (narrow movement of both indicators) is the area,
where we expect decisive movement of price is expected sooner.
Great Indicator
I can now see sell arrows with below setting.
PlotShapes(Sell*shapeDownArrow,colorRed,Layer=0,0,Offset=-150);
Happy to note. Thank you.
It looks like ADX indicator……?