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Support Resistance based Trading System for Amibroker (AFL)
Rating:
3 / 5 (Votes 3)
Tags:
trading system, amibroker, support, resistance
You might find it useful. Found it on this website here this is a breakout strategy where buy/sell signals are generated when price crosses a dynamic support/resistance
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Indicator / Formula
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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 | //------------------------------------------------------//// Formula Name: Support Resistance based Trading System// Author/Uploader: Trading Tuitions// E-mail: support@tradingtuitions.com// Website: www.tradingtuitions.com//-------------------_SECTION_BEGIN("Dynamic Support Resistance");SetTradeDelays( 1, 1, 1, 1 );SetOption( "InitialEquity", 200000);SetOption("FuturesMode" ,True);SetOption("MinShares",1);SetOption("CommissionMode",2);SetOption("CommissionAmount",50);SetOption("AccountMargin",10);SetOption("RefreshWhenCompleted",True);SetPositionSize(150,spsShares);SetOption( "AllowPositionShrinking", True );BuyPrice=Open;SellPrice=Open;ShortPrice=Open;CoverPrice=Open;SetChartOptions(0,chartShowArrows|chartShowDates);_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C ));Plot( Close, "Price", colorWhite, styleCandle );period=Optimize("Swing",3,1,25,1);res=HHV(H,period); //resistancesup=LLV(L,period); //supportDynamicPivot=IIf(ValueWhen(IIf(C>Ref(res,-1),1,IIf(C<Ref(sup,-1),-1,0))!=0,IIf(C>Ref(res,-1),1,IIf(C<Ref(sup,-1),-1,0)),1)==1,sup,res); //If current close breaks the resistance then dynamic pivot level would be last support, if close breaks the support then dynamic pivot level will be last resistancePlot(DynamicPivot, "DynamicPivot", colorBlue, styleStaircase);Buy = Cross(C,DynamicPivot) ;Sell = Cross(DynamicPivot,C) ;Short = Sell;Cover = Buy;StopLoss=2;ApplyStop(Type=0,Mode=1,Amount=StopLoss);/* Plot Buy and Sell Signal Arrows */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(Cover, shapeSquare, shapeNone),colorGreen, 0, L, Offset=-40);PlotShapes(IIf(Cover, shapeSquare, shapeNone),colorLime, 0,L, Offset=-50);PlotShapes(IIf(Cover, 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);PlotShapes(IIf(Short, shapeSquare, shapeNone),colorRed, 0, H, Offset=40);PlotShapes(IIf(Short, shapeSquare, shapeNone),colorOrange, 0,H, Offset=50);PlotShapes(IIf(Short, shapeDownArrow, shapeNone),colorWhite, 0,H, Offset=-45);_SECTION_END(); |
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Error on line 27
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C ));_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g, {{VALUES}}", O, H, L, C ));This would come in AMI latest version, just delete this line, it will not affect chart
or do following -
//_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g, {{VALUES}}", O, H, L, C ));