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Mechanical Trading system for Amibroker (AFL)

sandhu348 about 16 years ago Amibroker (AFL)

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

this AFL is based on mechanical trading , and thus removes the fear and greed.

it can be used for EOD as well IEOD live charts . and believe me results are amazing.

Enjoy !

Indicator / Formula

Copy & Paste Friendly
Plot (C,"Price",colorLime,styleBar);
Plot (MA(C,24),"ma 24",colorRed,1);

Plot (MA(C,2),"ma 24",colorYellow,1);
rawrng=HHV(C,50)-LLV(C,50);//calculate the difference betwen highest and lowest clsoe vlaues in the last 50 bars
rngup=(MA(C,24)+rawrng*0.05); // 5% of the rawrange taken as the vicinity band
rngdown=(MA(C,24)-rawrng*0.05); 

k1=MA(C,24);
k2=rngup;
K3=rngdown;

j1= Close > MA( Close, 24 ) AND Open > MA( Close, 24 ) AND Open < rngup ;
j2= Close < MA( Close, 24 ) AND Close > rngdown AND Open < MA( Close, 24) ;

PlotShapes( shapeSmallCircle* j1,colorYellow, 0,H, 10);
PlotShapes( shapeSmallCircle* j2,colorBlue, 0,L, -10);
PlotOHLC(k1,k1,k2,k2,"",colorGrey40, styleCloud);
PlotOHLC(k1,k1,k3,k3,"",colorGrey40, styleCloud);

4 comments

1. aruncb
about 16 years ago

Looks nice, gr8 work… what r the parameter for buy and sell?

about 16 years ago

Best way is to read the code. But the gist of it is that it checks that the price is within a percent range of the moving average.

over 14 years ago

It looks very nice. But How can we project buy-Sell ?? closed above band is buy and closed below is sell ?? Or we follow red aversge? Pls guide me.

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