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Modified Ichimoku Crossover for Amibroker (AFL)
Rating:
3 / 5 (Votes 6)
Tags:
amibroker
This is a modified Ichimoku Crossover. Follows the trend till exhaust
Indicator / Formula
Copy & Paste Friendly
prds = Param( "Standard Line Periods", 13, 5, 26, 1 ); turn = Param( "Turning Line Periods", 3, 3, 10, 1 ); TL = ( HHV( H, turn ) + LLV( L, turn ) ) / 2; SL = ( HHV( H, prds ) + LLV( L, prds ) ) / 2; Plot( SL, "SL", colorOrange, styleLine | styleNoLabel ); Plot( TL, "TL", colorLightBlue, styleLine | styleNoLabel ); r=Cross(TL,SL); r2= Cross(SL,TL); r_status= WriteIf(r, "Bullish", WriteIf(r2, "Bearish", "Neutral")); r_Col=IIf(r, colorGreen, IIf(r2, colorRed, colorLightGrey)); Filter = r OR r2; AddTextColumn(r_status,"RSI-14",1, colorWhite, r_Col); AddColumn( Close, "Close" ); AddColumn( TL, "Blue - TL" ); AddColumn( SL, "Orange - SL" );
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