Highest High 50 and 25 with Lowest low 50 and 25 for Amibroker (AFL)
emf912 almost 9 years ago Amibroker (AFL)
This is the band that I often see in Andreas Clenow’s posts. I couldn’t find a similar system for my free online charting program so I made one for my amibroker.
Basically the system is tuned towards breakouts with the 50-day high and used with an ATR position sizing and stop loss strategy based on what I keep on reading from Mr. Clenow’s posts and free articles.
Indicator / Formula
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P1 = Param("Highest High 50", 50, 2, 200, 1, 0);
C1 = ParamColor("HH50 Color", colorBlue);
L1 = HHV(H,P1);
P2 = Param("Lowest Low 50", 50, 2, 200, 1, 0);
C2 = ParamColor("LL50 Color", colorRed);
L2 = LLV(L,P2);
P3 = Param("Highest High 25", 25, 2, 200, 1, 0);
C3 = ParamColor("HH25 Color", colorLightGrey);
L3 = HHV(H,P3);
P4 = Param("Lowest Low 25", 25, 2, 200, 1, 0);
C4 = ParamColor("LL25 Color", colorLightOrange);
L4 = LLV(H,P4);
Plot(L1,"HHV 50 (HH 50)", C1, styleLine);
Plot(L2, "LLV 50 (LL 50)", C2, styleLine);
Plot(L3, "HH25 Color", C3, styleLine);
Plot(L4, "LL25 Color", C4, styleLine);0 comments
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