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#1 Selling Amibroker Plugin featuring:
350 Swing Indicator for Amibroker (AFL)
Barbara Stars article in Stocks & Commodities February issue, The 350 Swing Trade, outlines several trading systems based on J. Welles Wilders relative strength index (Rsi).
The swing 350 system is based on the three-bar Rsi. Star suggests combining the smoothed Rsi with any of the following: a trend-establishing moving average; Wilders average directional movement indicator (Adx); or Bollinger bands. Strategy code for some of these combination’s also presented here.
The chart below demonstrates three display modes for Barbara Stars 350 swing indicator: a color-coded candlestick chart of (PODD) with a 20-day Donchian channel (upper pane); a three-day moving average of a three-day RSI (middle pane); and a color-coded three-day RSI (bottom pane).
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Indicator / Formula
// 350 Swing Indicator _SECTION_BEGIN("350Swing"); nRSILen = Param("RSI Length", 3, 2, 50 ); nMALen = Param("MA Length", 3 ); UpColor = ParamColor("UpColor", colorGreen ); DnColor = ParamColor("DnColor", colorRed ); r = RSI( nRSILen ); rma = MA( r, nMALen ); Color = IIf( r > 50, UpColor, DnColor ); mode = ParamList("Display", "RSI|RSIMA|Price"); switch( mode ) { case "RSI": Plot( r, _DEFAULT_NAME(), Color ); break; case "RSIMA": Plot( rma, "RSI MA" + _PARAM_VALUES(), colorBlue ); PlotOHLC( 50, rma, 50, rma, "", colorLightBlue , styleCloud | styleClipMinMax, 20, 80 ); break; case "Price": SetBarFillColor( Color ); Plot( C, "Price", Color, styleCandle ); PlotShapes( ( rma < 20 ) * shapeSmallCircle, colorGreen, 0, L, -20 ); PlotShapes( ( rma > 80 ) * shapeSmallCircle, colorRed, 0, H, 20 ); Plot( HHV( H, 20 ), "", colorLightBlue ); Plot( LLV( L, 20 ), "", colorLightBlue ); break; } _SECTION_END();
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