JNSAR for Amibroker (AFL)

mohitjohar almost 8 years ago Amibroker (AFL)

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5 / 5 (Votes 1)
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amibroker

JNSAR is a number based on market’s strength and weakness as well as the balance of demand and supply. Whatever the number may be, a choppy market could whipsaw the number occasionally to shake off your confidence in them. However, staying with one method brings you consistent winnings.JNSAR is a strategy widely adopted by the master trader Illango (Just Nifty) and most of his Internet followrs.

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//JNSAR - Indicator ideated by Mr Illango


_SECTION_BEGIN("JNSAR"); 



Plot( C, "Close", ParamColor("Color", colorBlack ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() ); 

Period = Param("Length",5,5,100,1);

// JNSAR = (5 days HEma+5Days CEma+5Days LEma)/15

isum = (Sum(ema(High,Period),Period) + Sum(ema(Low,Period),period) + Sum(ema(Close,Period),period));

jnsar = round(isum/15);

buy = Cross(Close, jnsar);
sell =Cross(jnsar,Close);

Short = Sell;
Cover = Buy;

color = IIf(C>jnsar,colorGreen,colorRed);

Plot(jnsar,"JNSAR",color,styleDots|styleNoLine|stylethick);


_SECTION_END();

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