Stock Portfolio Organizer
The ultimate porfolio management solution.
WiseTrader Toolbox
#1 Selling Amibroker Plugin featuring:
Narrow Range Explorer for Amibroker (AFL)
For identifying Narrow ranges of Prices.
Identifies following with explorer:
1. NR 4
2. NR 7
3. NR 14
4. NR 21
5. Tweezer Top
6. Tweezer Bottom
More the price is Narrower, the more the possibility of Price range expanding in the subsequent sessions.
Use the AFL in Day Time Frame
Screenshots
Indicator / Formula
_SECTION_BEGIN("NARROW RANGES"); //Written by: Vijay Karanam //================================================================================== //NR 4, 7 & 21 RANGES TimeFrameMode(0); //switch Timeframe TimeFrameSet( inDaily ); //================================================================================== //NR4 RANGE IDENTIFICATION range = H-L; Condition = range<Ref(range,-1) AND range<Ref(range,-2) AND range<Ref(range,-3); NR4 = IIf(Condition,True, False); //================================================================================== //NR7 RANGE IDENTIFICATION range = H-L; Condition0 = range<Ref(range,-1) AND range<Ref(range,-2) AND range<Ref(range,-3)AND range<Ref(range,-4)AND range<Ref(range,-5)AND range<Ref(range,-6); NR7 = IIf(Condition0,True, False); //================================================================================== //NR14 RANGE IDENTIFICATION range = H-L; Condition1 = range<Ref(range,-1) AND range<Ref(range,-2) AND range<Ref(range,-3)AND range<Ref(range,-4)AND range<Ref(range,-5)AND range<Ref(range,-6)AND range<Ref(range,-7)AND range<Ref(range,-8)AND range<Ref(range,-9)AND range<Ref(range,-10); Condition2 = range<Ref(range,-11) AND range<Ref(range,-12) AND range<Ref(range,-13); NR14 = IIf(Condition1 AND Condition2,True, False); //================================================================================== //NR21 RANGE IDENTIFICATION range = H-L; Condition3 = range<Ref(range,-1) AND range<Ref(range,-2) AND range<Ref(range,-3)AND range<Ref(range,-4)AND range<Ref(range,-5)AND range<Ref(range,-6)AND range<Ref(range,-7)AND range<Ref(range,-8)AND range<Ref(range,-9)AND range<Ref(range,-10); Condition4 = range<Ref(range,-11) AND range<Ref(range,-12) AND range<Ref(range,-13)AND range<Ref(range,-14)AND range<Ref(range,-15)AND range<Ref(range,-16)AND range<Ref(range,-17)AND range<Ref(range,-18)AND range<Ref(range,-19)AND range<Ref(range,-20); NR21 = IIf(Condition3 AND Condition4,True, False); //============================================================================ //TWEEZER TOP & BOTTOM TT = (H == Ref(H,-1)) OR (H == Ref(H,-2) AND H > Ref(H,-1)) OR (H == Ref(H,-3) AND H >= HHV(H,-2)) OR (H == Ref(H,-4) AND H >= HHV(H,-3)); TB = (L == Ref(L,-1)) OR (L == Ref(L,-2) AND L < Ref(L,-1)) OR (L == Ref(L,-3) AND L <= LLV(L,-2)) OR (L == Ref(L,-4) AND L <= LLV(L,-3)); //======================================================================================================= NRSTATUS = WriteIf(TT,"TWEEZER TOP", WriteIf(TB,"TWEEZER BOTTOM", WriteIf(NR21,"NR21", WriteIf(NR14,"NR21", WriteIf(NR7,"NR7", WriteIf(NR4,"NR4"," ")))))); NRCOLOR = IIf( TT, colorOrange, IIf( TB , colorBrightGreen, IIf( NR4 OR NR7 OR NR21 OR NR14, colorLime, colorGold))); //=============================================================================== Filter = NR4 OR NR7 OR NR21 OR NR14 OR TT OR TB ; AddTextColumn(NRstatus, "DLY NR/TWEEZER", 1,colorDarkRed, NRcolor,120); TimeFrameRestore(); _SECTION_END();
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Dear Sir,
Can u please explain
1. NR 4
2. NR 7
3. NR 14
4. NR 21
5. Tweezer Top
6. Tweezer Bottom
OR any website where i can get the information about the same
and do we have to run this for EOD or can we explore this on a 5min chart
Thank you