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Variable Linear Regression Crossover Long Term for Amibroker (AFL)
Rating:
2 / 5 (Votes 5)
Tags:
trend, ambroker
Shows Trend lines of Prices as well as the variable linear regression of the price.
Medium Term:
When Trend is up (If cross TL1 & TL2 lines), trendline is BightGreen.
When Trend is down (If cross TL2 & TL1 lines), trendline is Pink.
Long Term:
When Trend is up (If cross TL3 & TL4 lines), trendline is Blue.
When Trend is down (If cross TL4 & TL3 lines), trendline is Red.
Just modify the period of the regression line to what you would like to use for short/Medium & long terms.
Indicator / Formula
Copy & Paste Friendly
_SECTION_BEGIN("Trend Lines Longterm");
Timeframeset(inWeekly);
GraphType= ParamList("Graph Type", "Type1, Type2, Type3, Type4, Type5, Type6");
PriceField = ParamField("Price Field");
ps1 = Param("TL1 Periods", 20, 5, 50, 1);
ps2 = Param("TL2 Periods", 3, 3, 25, 1);
ps3 = Param("TL1 Periods", 20, 5, 50, 1);
ps4 = Param("TL2 Periods", 4, 3, 25, 1);
ps5 = Param("TL1 Periods", 20, 5, 50, 1);
ps6 = Param("TL2 Periods", 5, 3, 25, 1);
ps7 = Param("TL1 Periods", 20, 5, 50, 1);
ps8 = Param("TL2 Periods", 6, 3, 25, 1);
ps9 = Param("TL1 Periods", 20, 5, 50, 1);
ps10 =Param("TL2 Periods", 7, 3, 25, 1);
ps11 =Param("TL1 Periods", 20, 5, 50, 1);
ps12 =Param("TL2 Periods", 8, 3, 25, 1);
pm1 = Param("TL3 Periods", 80, 5, 200, 1);
pm2 = Param("TL4 Periods", 15, 5, 200, 1);
pm3 = Param("TL3 Periods", 80, 5, 200, 1);
pm4 = Param("TL4 Periods", 17, 5, 200, 1);
pm5 = Param("TL3 Periods", 80, 5, 200, 1);
pm6 = Param("TL4 Periods", 20, 5, 200, 1);
pm7 = Param("TL3 Periods", 80, 5, 200, 1);
pm8 = Param("TL4 Periods", 23, 5, 200, 1);
pm9 = Param("TL3 Periods", 80, 5, 200, 1);
pm10 =Param("TL4 Periods", 28, 5, 200, 1);
pm11 =Param("TL3 Periods", 80, 5, 200, 1);
pm12 =Param("TL4 Periods", 35, 5, 200, 1);
if (GraphType == "Type1") { TL1 = LinearReg(PriceField, ps1); TL2 = EMA(TL1, ps2);}
if (GraphType == "Type2") { TL1 = LinearReg(PriceField, ps3); TL2 = EMA(TL1, ps4);}
if (GraphType == "Type3") { TL1 = LinearReg(PriceField, ps5); TL2 = EMA(TL1, ps6);}
if (GraphType == "Type4") { TL1 = LinearReg(PriceField, ps7); TL2 = EMA(TL1, ps8);}
if (GraphType == "Type5") { TL1 = LinearReg(PriceField, ps9); TL2 = EMA(TL1, ps10);}
if (GraphType == "Type6") { TL1 = LinearReg(PriceField, ps11); TL2 = EMA(TL1, ps12);}
if (GraphType == "Type1") { TL3 = LinearReg(PriceField, pm1); TL4 = EMA(TL3, pm2);}
if (GraphType == "Type2") { TL3 = LinearReg(PriceField, pm3); TL4 = EMA(TL3, pm4);}
if (GraphType == "Type3") { TL3 = LinearReg(PriceField, pm5); TL4 = EMA(TL3, pm6);}
if (GraphType == "Type4") { TL3 = LinearReg(PriceField, pm7); TL4 = EMA(TL3, pm8);}
if (GraphType == "Type5") { TL3 = LinearReg(PriceField, pm9); TL4 = EMA(TL3, pm10);}
if (GraphType == "Type6") { TL3 = LinearReg(PriceField, pm11); TL4 = EMA(TL3, pm12);}
Col1 = IIf(TL1 > TL2, ParamColor("TL1 Up Colour", colorBrightGreen), ParamColor("TL2 Dn Colour", colorCustom12));
Col2 = IIf(TL3 > TL4, ParamColor("TL3 Up Colour", colorBlue), ParamColor("TL4 Dn Colour", colorRed));
Plot(TL1, "TriggerLine 1", Col1, styleLine|styleThick|styleNoLabel);
Plot(TL2, "TriggerLine 2", Col1, styleLine|styleThick|styleNoLabel);
Plot(TL3, "TriggerLine 3", Col2, styleLine|styleThick|styleNoLabel);
Plot(TL4, "TriggerLine 4", Col2, styleLine|styleThick|styleNoLabel);
TimeFrameRestore();
_SECTION_END();0 comments
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