Stock Portfolio Organizer

The ultimate porfolio management solution.

Shares, Margin, CFD's, Futures and Forex
EOD and Realtime
Dividends and Trust Distributions
And Much More ....
For Portfolio Manager Click Here

WiseTrader Toolbox

#1 Selling Amibroker Plugin featuring:

Advanced Adaptive Indicators
Advanced Pattern Exploration
Neural Networks
And Much More ....
Find Out More Here

Elder Impulse for Amibroker (AFL)

Rating:
3 / 5 (Votes 2)
Tags:
amibroker

A normal chart pattern using elder impulse

Screenshots

Similar Indicators / Formulas

Kavach Of Karna v2
Submitted by hbkwarez over 10 years ago
Advanced Elliott Waves
Submitted by MarcosEn about 13 years ago
3_6Day GuaiLiLv
Submitted by motorfly about 13 years ago
Williams Alligator System
Submitted by durgesh1712 about 13 years ago
Interactive Linear Regression Channel
Submitted by InternetWorm about 13 years ago
*Level Breakout system*
Submitted by Tinych about 13 years ago

Indicator / Formula

Copy & Paste Friendly
_SECTION_BEGIN("Elder Impulse");

SetChartOptions(0,chartShowArrows|chartShowDates);
EnableTextOutput(False);

// User-defined parameter for EMA periods

EMA_Type	 = Param("EMA-1, TEMA-2, JMA-3", 2, 1, 3, 1);
EMA_prds = Param("EMA_periods", 7, 1, 30, 1);
Std_MACD	 = Param("Standard MACD? No-0, Yes-1", 1, 0, 1, 1);
Plot_fashion	= Param("Bar+Arrows-1, Impulse Bars-2", 2, 1, 2, 1);


// Allow user to define Weekly and Monthly Ribbon Location and Height
WR_P1 = Param("Weekly Ribbon Location", 5.2, -1000, 1000, 0.1);
WR_P2 = Param("Weekly Ribbon Height", 199, -0.001, 500, 0.1);

//MR_P1 = Param("Monthly Ribbon Location", 5.2, -1000, 1000, 0.1);
//MR_P2 = Param("Monthly Ribbon Height", 199, -0.001, 500, 0.1);


// Compute EMA and MACD Histogram
if(EMA_Type == 1)
{
DayEMA	= EMA(Close, EMA_prds);
}
if (EMA_Type == 2)
{
DayEMA	= TEMA(Close, EMA_prds);
}

if(EMA_Type == 3)
{
// Line below to be used with Jurik JMA
// DayEMA = JurikJMA(C, EMA_Prds);
}

Histogram	= MACD() - Signal();

// Determine if we have an Impulse UP, DOWN or None
Impulse_Up	 =	DayEMA > Ref(DayEMA, -1) AND Histogram > Ref(Histogram, -1);
Impulse_Down	=	DayEMA < Ref(DayEMA, -1) AND Histogram < Ref(Histogram, -1); 
Impulse_None	 =	(NOT Impulse_UP) AND (NOT Impulse_Down);

// Compute Weekly MACD and determine whether rising or falling
// Note: uses "non-standard" parameters!
TimeFrameSet(inWeekly);

if (Std_MACD == 0)
{
MACD_val	 =	MACD(5, 8);
Signal_val	 =	Signal(5, 8, 5);
}
else
{
MACD_val	 =	MACD(12, 26);
Signal_val	 =	Signal(12, 26, 9);
}

Hist_in_w	 =	MACD_val - Signal_val;

wh_rising = Hist_in_w > Ref(Hist_in_w, -1);
wh_falling = Hist_in_w < Ref(Hist_in_w, -1);
wh_none = (NOT wh_rising) AND (NOT wh_falling);

TimeFrameRestore();

// Now get Monthly MACD Histogram....
TimeFrameSet(inMonthly);
MACD_val	 =	MACD(5, 8);
Signal_val	 =	Signal(5, 8, 5);
Hist_in_m	 =	MACD_val - Signal_val;

mh_rising = Hist_in_m > Ref(Hist_in_m, -1);
mh_falling = Hist_in_m < Ref(Hist_in_m, -1);

TimeFrameRestore();

wh_rising = TimeFrameExpand( wh_rising, inWeekly, expandLast ); 
wh_falling = TimeFrameExpand( wh_falling, inWeekly, expandLast); 
wh_none = TimeFrameExpand( wh_none, inWeekly, expandLast); 
mh_rising = TimeFrameExpand(mh_rising, inMonthly, expandLast);
mh_falling = TimeFrameExpand(mh_falling, inMonthly, expandLast);

kol = IIf( wh_rising, colorBrightGreen, IIf(wh_falling, colorRed, IIf(wh_none, colorCustom11, colorLightGrey)));
mkol = IIf( mh_rising, colorBlue, IIf(mh_falling, colorYellow, colorLightGrey));

// Plot them all!
if (Plot_fashion == 1)
{
Plot(Close, "Close", colorTeal, styleBar);
PlotShapes(shapeUpArrow * Impulse_Up, colorBrightGreen, 0, Low, -12);
PlotShapes(shapeDownArrow * Impulse_Down, colorRed, 0, High, -12);
PlotShapes(shapeSmallCircle * Impulse_None, colorWhite, 0, High, 5);
}
else
{
bar_kol	=	IIf(impulse_UP, colorBrightGreen, IIf(impulse_Down, colorRed, colorCustom11));
Plot(C, "Close", bar_kol, styleBar);
}

Plot(10, "Weekly Ribbon", kol, styleOwnScale|styleArea|styleNoLabel, WR_P1, WR_P2);	// Weekly trend GREEN = RISING, RED = FALLING, WHITE = NEUTRAL
//Plot(10, "Monthly Ribbon", mkol, styleOwnScale|styleArea|styleNoLabel, MR_P1, MR_P2);	// Monthly Trend BLUE = RISING, YELLOW = FALLING, WHITE = NEUTRAL

// Auto Envelope
PlotForeign(GetBaseIndex(),IndustryID(1),colorWhite,styleLine|styleLeftAxisScale);

LookBkPd = 100 ;
AvgPd = 22 ;
ExternalBarPct = 15 ;
ConvergePct = 2 ;
Middle = EMA( C,AvgPd ) ;
Rng = HHV( H,LookBkPd ) - LLV( L,LookBkPd ) ;
X = Rng ;
deltaX = X/2 ;
do
{
Over = H > Middle + X ;
Under = L < Middle - X ;
OuterPct = 100*( Sum( Over, LookBkPd ) + Sum( Under, LookBkPd )
)/LookBkPd ;
OP = LastValue(OuterPct) ;
X=X+sign( OP - ExternalBarPct )*deltaX ;
deltaX = deltaX/2 ;
}while ( abs( OP - ExternalBarPct ) > ConvergePct ) ;
Plot( Middle, "MA", colorYellow, styleLine|styleNoTitle ) ;
Plot( Middle+X, "MA", colorSkyblue, styleDashed|styleNoTitle ) ;
Plot( Middle-X, "MA", colorSkyblue, styleDashed|styleNoTitle ) ;


// Explorer Section
// Determine if Impulse status is bullish, neutral or bearish. Display as Text Column.
Impulse_State	 =	WriteIf(Impulse_Up, "Bulllish", WriteIf(Impulse_Down, "Bearish", "Neutral"));

// Set the background color for Impulse Status Column
Impulse_Col	 =	IIf(Impulse_Up, colorGreen, IIf(Impulse_Down, colorRed, colorLightGrey));

// Determine Weekly Trend. Display as Text Column
Weekly_Trend	 =	WriteIf(wh_rising, "Rising", WriteIf(wh_falling, "Falling", "Flat!"));
Weekly_Col	 =	IIf(wh_rising, colorGreen, IIf(wh_falling, colorRed, colorLightGrey));

// Determine Monthly Trend. Display as Text Column
Monthly_Trend	=	WriteIf(mh_rising, "Rising", WriteIf(mh_falling, "Falling", "Flat!"));
Monthly_Col	 =	IIf(mh_rising, colorGreen, IIf(mh_falling, colorRed, colorLightGrey));

// Determine how many bars has the current state existed
bars_in_bull	=	Min(BarsSince(impulse_none), BarsSince(impulse_down));
bars_in_bear	=	Min(BarsSince(impulse_up), BarsSince(impulse_none));
bars_in_neut	=	Min(BarsSince(impulse_down), BarsSince(impulse_up));

// Set a single variable to show number of bars in current state depending upon 
// actual Impulse Status - Bullish, Bearish or Neutral
bars_in_state	=	IIf(Impulse_Up, bars_in_bull, IIf(Impulse_down, bars_in_bear, bars_in_neut));

// Columns for display in Explorer 
AddTextColumn(Impulse_State, "Impulse Status", 1, colorWhite, Impulse_Col);
AddColumn(bars_in_state, "Bars in this state", 1, colorWhite, Impulse_col);
AddTextColumn(Weekly_Trend, "Weekly Trend", 1, colorWhite, Weekly_Col);
AddTextColumn(Monthly_Trend, "Monthly Trend", 1, colorWhite, Monthly_Col);

Filter = 1;

2 comments

1. Bhim Ahuja

Output does not match the screenshot given.

2. mmsrect

Finally, I got one that works perfect, Thank you.

Leave Comment

Please login here to leave a comment.

Back