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WiseTrader Toolbox
#1 Selling Amibroker Plugin featuring:
Advanced Adaptive Indicators
Advanced Pattern Exploration
Neural Networks
And Much More ....
Angular Movements for Amibroker (AFL)
Rating:
4 / 5 (Votes 5)
Tags:
trading system, amibroker
Angle plotted with buy sell arrow.
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Indicator / Formula
Copy & Paste Friendly
_SECTION_BEGIN("Asish_Indicator_01"); a = Param("Angle",30,15,45,1); pd = Param("Period",5,4,6,1); P = ParamField("Price field",3); a= (22/7)*(a/180); Num = 0; Den = 0; for(i=1; i<=pd; i++) { if(pd%2==0 AND i > pd/2) X = sin((i-1)*a); else X = sin(i*a); Num = Num + X*Ref(P,1-i); Den = Den + X; } if (den!=0) j1 = Num / Den; Plot(j1,"j1",IIf(j1 > Ref(j1,-1),colorGreen,colorRed),styleThick); Buy = Close > j1; Sell = Close < j1; Buy=ExRem(Buy,Sell); Sell=ExRem(Sell,Buy); PlotShapes( shapeHollowUpArrow* Buy , colorBlue ,0); PlotShapes( shapeHollowDownArrow* Sell, colorYellow ,0); //Plot(0,"",colorDarkBlue,styleLine); Filter = Buy OR Sell; Buy=ExRem(Buy,Sell); Sell=ExRem(Sell,Buy); AddTextColumn(FullName(),"Name"); AddColumn( Buy, "BUY" ); AddColumn( Sell, "SELL" ); _SECTION_END();
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I use this indicator with almost no loss. Unique indicator provided very good result if it can be use properly. Almost “top” and “bottom” can be find out. I am giving 5 star. Thanks.
Hi @subrata chakraborty54,
Found this useful but unable to use it to its full potential. I will really appreciate if you can suggest few ways to optimise this indicator.