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WiseTrader Toolbox
#1 Selling Amibroker Plugin featuring:
Mechanical Trading system for Amibroker (AFL)
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 !
Similar Indicators / Formulas
Indicator / Formula
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);
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Looks nice, gr8 work… what r the parameter for buy and sell?
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.
Excellent work ! amazing indicator
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.