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#1 Selling Amibroker Plugin featuring:
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AshishDa Buy-Sell for Amibroker (AFL)
Rating:
5 / 5 (Votes 1)
Tags:
amibroker, oscillator, exploration
This afl identifies the oversold and overbought level and gives buy or sell for counter trend
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Indicator / Formula
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_SECTION_BEGIN("AshishDa Buy-Sell");
///////////////////// BULLISH SETUP ///////////////////////////////
WillR=-100 * ( HHV( H, 14 ) - C )/( HHV( H, 14 ) - LLV( L, 14 ) );
a= IIf(LLV(RSI(14),20)< Ref(LLV(RSI(14),20),-2) AND LLV(RSI(14),20) < 35,1,0);
b= IIf(Ref(a,-1) ==1 AND a ==0 ,1,0);
m= IIf(Hold(b,10) AND WillR < -95,1,0);
n= IIf(Ref(m,-1) ==1 AND m ==0 ,1,0);
PlotShapes(shapeUpArrow*n,colorGreen,0, L,-15 );
////////////////////////////// BEARISH SETUP /////////////////////////////
aWillR=-100 * ( HHV( H, 14 ) - C )/( HHV( H, 14 ) - LLV( L, 14 ) );
aa= IIf(HHV(RSI(14),20)> Ref(HHV(RSI(14),20),-2) AND HHV(RSI(14),20) > 65,1,0);
ab= IIf(Ref(aa,-1) ==1 AND aa ==0 ,1,0);
am= IIf(Hold(ab,10) AND aWillR > -10,1,0);
an= IIf(Ref(am,-1) ==1 AND am ==0 AND C<O,1,0);
PlotShapes(shapeDownArrow*an,colorRed,0, H,-15 );
Filter=n>0 OR AN>0;
AddColumn( IIf(n>0,1,IIf(an>0,-1,Null)) ,"B_S",1.0,colorWhite,IIf(n>0,colorGreen,IIf(an>0, colorRed,colorBlack)));
_SECTION_END();1 comments
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Before people say this doesn’t work because it doesn’t display any indicator. This only shows Buy/Sell signals when applied to a price chart :).