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Stop Loss Indicator for Amibroker (AFL)
Rating:
5 / 5 (Votes 1)
Tags:
amibroker, stop loss
This indicator plots a stop loss on a chart. It works for both long and short.
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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 | _SECTION_BEGIN("TM");//AFL works on amibroker version 5.20 and aboveSetChartBkColor(colorPaleBlue);p=Param("period",7,3,20,1); pl1=ParamToggle("Plot Stoploss line","No,Yes",0);pl2=ParamToggle("Plot Setup signals","No,Yes",0);Hx=IIf(H<Ref(H,-p),Ref(H,-p),H);Lx=IIf(L>Ref(L,-p),Ref(L,-p),L);Hxl=IIf(H<Ref(H,-p),Ref(H,-p),H);Lxl=IIf(L>Ref(L,-p),Ref(L,-p),L);spana=(Hx+Lx)/2;spanb=Ref(spana,-2);for( i = p; i < BarCount; i++ ) {if (spana[i]>spanb[i]){H1[i]=spana[i]; L1[i]=spanb[i];O1[i]=L1[i];C1[i]=H1[i];}else{H1[i]=spanb[i]; L1[i]=spana[i];O1[i]=H1[i];C1[i]=L1[i];}}PlotOHLC(O1,H1,L1,C1,"",IIf(C>spanb,colorBlue,colorRed),ParamStyle("Plot Style",styleBar,maskPrice));Plot(C,"",ParamColor("Bar Color",colorLime),128+4);pd=(C>spanb AND Ref(C,-1)>Ref(spanb,-1));nd=(C<spana AND Ref(C,-1)<Ref(spana,-1));Buysetup= PD;Shortsetup=nd;Buysetupvalid=Flip (Buysetup, Shortsetup);Shortsetupvalid=Flip (Shortsetup, Buysetup);Buy=Cover= Ref (Buysetupvalid, - 1) ==1 AND H>ValueWhen (buysetup, H) +0.01;Short=Sell=Ref (Shortsetupvalid, - 1) ==1 AND L<ValueWhen (Shortsetup, L) - 0.01;Buy=ExRem (Buy, Sell);Sell=ExRem (Sell, Buy);Short=ExRem (Short, Cover);Cover=ExRem (Cover, Short);inlong=Flip(Buy,Sell);inshort=Flip(Sell,Buy);Plot(IIf(Buysetup AND pl1,spanb,Null),"",colorRed,styleDashed);Plot(IIf(shortsetup AND pl1,spanb,Null),"",colorRed,styleDashed);shortsetupvalid=ExRem (shortsetupvalid, buysetupvalid);buysetupvalid=ExRem (buysetupvalid, shortsetupvalid);PlotShapes (IIf (shortsetupvalid AND pl2,shapeDownTriangle, shapeNone), colorRed, 0, H, - 40); PlotShapes (IIf (buysetupvalid AND pl2,shapeUpTriangle, shapeNone), colorGreen, 0, L, - 40);SetChartOptions(0,chartShowArrows|chartShowDates);Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) )+"\n"+"tm High = "+WriteVal(spana,1.4)+ "\n"+"tm Low = "+WriteVal(spanb,1.4);_SECTION_END(); |
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