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WiseTrader Toolbox
#1 Selling Amibroker Plugin featuring:
NMA Swing System v1.1 for Amibroker (AFL)
As the name suggests this is a swing trading system. Usually swing trading is used for forex but this system has been adapted for stocks.
Similar Indicators / Formulas
Indicator / Formula
_SECTION_BEGIN("NICK MA Swing"); SetBarsRequired(200,0); GraphXSpace = 5; SetChartOptions(0,chartShowArrows|chartShowDates); k = Optimize("K",Param("K",1,0.25,5,0.25),0.25,5,0.25); Per= Optimize("atr",Param("atr",4,3,20,1),3,20,1); HACLOSE=(O+H+L+C)/4; HaOpen = AMA( Ref( HaClose, -1 ), 0.5 ); HaHigh = Max( H, Max( HaClose, HaOpen ) ); HaLow = Min( L, Min( HaClose, HaOpen ) ); PlotOHLC( HaOpen, HaHigh, HaLow, HaClose, "" + Name(), colorBlack, styleCandle | styleNoLabel ); j=Haclose; //======================================================================================================================= //=========================Indicator============================================================================================== f=ATR(14); rfsctor = WMA(H-L, Per); revers = k * rfsctor; Trend = 1; NW[0] = 0; for(i = 1; i < BarCount; i++) { if(Trend[i-1] == 1) { if(j[i] < NW[i-1]) { Trend[i] = -1; NW[i] = j[i] + Revers[i]; } else { Trend[i] = 1; if((j[i] - Revers[i]) > NW[i-1]) { NW[i] = j[i] - Revers[i]; } else { NW[i] = NW[i-1]; } } } if(Trend[i-1] == -1) { if(j[i] > NW[i-1]) { Trend[i] = 1; NW[i] = j[i] - Revers[i]; } else { Trend[i] = -1; if((j[i] + Revers[i]) < NW[i-1]) { NW[i] = j[i] + Revers[i]; } else { NW[i] = NW[i-1]; } } } } //===============system================ Plot(NW, "", IIf(Trend == 1, 27, 4), 4); Buy=Cover=Cross(j,nw); Sell=Short=Cross(nw,j); SellPrice=ValueWhen(Sell,C,1); BuyPrice=ValueWhen(Buy,C,1); Long=Flip(Buy,Sell); Shrt=Flip(Sell,Buy ); _SECTION_END(); //=================TITLE================================================================================================ _SECTION_BEGIN("Title"); if( Status("action") == actionIndicator ) ( Title = EncodeColor(colorWhite)+ "NICK MA Swing System" + " - " + Name() + " - " + EncodeColor(colorRed)+ Interval(2) + EncodeColor(colorWhite) + " - " + Date() +" - "+"\n" +EncodeColor(colorYellow) +"Op-"+O+" "+"Hi-"+H+" "+"Lo-"+L+" "+ "Cl-"+C+" "+ "Vol= "+ WriteVal(V)+"\n"+ EncodeColor(colorLime)+ WriteIf (Buy , " GO LONG / Reverse Signal at "+C+" ","")+ WriteIf (Sell , " EXIT LONG / Reverse Signal at "+C+" ","")+"\n"+EncodeColor(colorWhite)+ WriteIf(Sell , "Total Profit/Loss for the Last Trade Rs."+(C-BuyPrice)+"","")+ WriteIf(Buy , "Total Profit/Loss for the Last trade Rs."+(SellPrice-C)+"","")+ WriteIf(Long AND NOT Buy, "Trade : Long - Entry price Rs."+(BuyPrice),"")+ WriteIf(shrt AND NOT Sell, "Trade : Short - Entry price Rs."+(SellPrice),"")+"\n"+ WriteIf(Long AND NOT Buy, "Current Profit/Loss Rs."+(C-BuyPrice)+"","")+ WriteIf(shrt AND NOT Sell, "Current Profit/Loss Rs."+(SellPrice-C)+"","")); PlotShapes(IIf(Buy, shapeSquare, shapeNone),colorGreen, 0, L, Offset=-40); PlotShapes(IIf(Buy, shapeSquare, shapeNone),colorLime, 0,L, Offset=-50); PlotShapes(IIf(Buy, shapeUpArrow, shapeNone),colorWhite, 0,L, Offset=-45); PlotShapes(IIf(Sell, shapeSquare, shapeNone),colorRed, 0, H, Offset=40); PlotShapes(IIf(Sell, shapeSquare, shapeNone),colorOrange, 0,H, Offset=50); PlotShapes(IIf(Sell, shapeDownArrow, shapeNone),colorWhite, 0,H, Offset=-45); _SECTION_END();
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too many false signals, this system is going to ruin you
it looks nice but it should be implemented correctly. If you add that the signal is only known at the close of the bar you need to use:
Buy=Cover=Ref(Cross(j,nw),-1);
Sell=Short=Ref(Cross(nw,j),-1);
BuyPrice=SellPrice=CoverPrice=ShortPrice=O;
instead of:
Buy=Cover=Cross(j,nw);
Sell=Short=Cross(nw,j);
SellPrice=ValueWhen(Sell,C,1);
BuyPrice=ValueWhen(Buy,C,1);
in fact the shortprice and coverprice are not even defined so it will use default values. It gives you the false hope the system performs fantastically while in fact you will loose bigtime.