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3 Day Reversal for Amibroker (AFL)
Rating:
5 / 5 (Votes 1)
Tags:
trading system, amibroker
3 Day Reversal
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Indicator / Formula
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// 3 Day Reversal // Knowing the Current Trend P1 = Param("Period",10,0,100,1); MyPDI= PDI(P1);//Positive Directional Indicator MyMDI= MDI(P1);//Negative Directional Indicator (Minus) // Trend Conditions Cond1 = MyPDI > MyMDI; Cond2 = MyPDI < MyMDI; //Sell Conditions Cond3 = Ref(C,-1) > Ref(C,-2) AND Ref(C,-2) > Ref(C, -3) AND Ref(C, -3) > Ref(C, -4); Cond4 = C < Ref(C,-1) AND C < Ref(O, -1); A = H - C; B = ( ( 100 * A ) / C ); D = (100 * 0.50 ) / H; E = (100 * 0.50 ) / L; Cond5 = O > (H - D); // AND B < 0.50; Cond6 = C <= (L + E); Sell = Cond1 AND Cond3 AND Cond4 AND Cond5 AND Cond6; // Buy Conditions Cond7 = C > Ref(C,-1) AND C > 0; Cond8 = O <= (L + E); Cond9 = C >= (H - D); Buy = Cond2 AND Cond7 AND Cond8 AND Cond9; Short=Cover=0; Buy = ExRem(Buy, BarsSince(Buy) > 5); Sell = ExRem(Sell, BarsSince(Sell) > 5);
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