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Bearish flip for Amibroker (AFL)
Rating:
3 / 5 (Votes 2)
Tags:
amibroker, exploration
This works as a scanner to find candles that formed as bearish flips. Also can plot arrow to show which candle has formed bearish flip on the price chart.
Indicator / Formula
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condition1 = C > Ref(C, -1) AND C > Ref(C, -2) AND C > Ref(C, -3) AND C > Ref(C, -4); condition2 = Ref(C, -1) < Ref(C, -2) AND Ref(C, -1) < Ref(C, -3) AND Ref(C, -1) < Ref(C, -4) AND Ref(C, -1) < Ref(C, -5); condition3 = O >= Ref(C, -1); bearishFlip = condition1 AND condition2 AND condition3; PlotShapes(IIf(bearishFlip==1,shapeUpArrow , shapeNone), colorDarkGreen, 0, Low, Offset=-15); Filter = bearishFlip; AddTextColumn( SectorID( 1 ), "Sector" ); AddColumn(C, "Close",1.2); AddColumn(ROC(C,1), "Change %",1.2); SetSortColumns( 3 );
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