Stock Portfolio Organizer
The ultimate porfolio management solution.
WiseTrader Toolbox
#1 Selling Amibroker Plugin featuring:
Catch The Momentum for Amibroker (AFL)
This indicator scans for the stocks which are in high momentum and enter while the trend is still yoing.
Indicator / Formula
_SECTION_BEGIN("MomentumPlot"); SetTradeDelays( 1, 0, 0, 0); SetPositionSize(50000,spsValue); SetOption("InitialEquity", Param("InitialEquity",500000,100000,2000000,10000 )); SetOption("CommissionMode", 2 ); //SetOption("CommissionAmount", 100.00 ); //SetOption("AllowSameBarExit", True ); HighmomentumPeriods = Param("h Average Periods",65,1,100,1); LowmomentumPeriods = Param("l Average Periods",7,1,20,1); MomtumUp=EMA(C,LowmomentumPeriods)/EMA(C,HighmomentumPeriods)>1.05; MomtumDown=EMA(C,LowmomentumPeriods)/EMA(C,HighmomentumPeriods)<0.95; range=High-Low; lcrange=High-Close; scrange=C-low; lng=lcrange/range<0.20 AND MomtumUp ; shrt=scrange/range<0.20 AND MomtumDown; Ribbon_kol=IIf(MomtumUp,colorLime,IIf(MomtumDown,colorPink,colorBlack)); Plot(4, "ribbon", Ribbon_kol, styleOwnScale| styleArea| styleNoLabel,-0.5,100,0,-9); //lng=True; //shrt=True; //long=high-close/High-Low<0.80 AND Open<Close; //Plot(MomtumUp,"M+",colorLime,styleArea); //Plot(MomtumDown,"M1",colorPink,styleArea); PlotShapes(IIf(lng, shapeupArrow, shapeNone),colorYellow,0,L-10); PlotShapes(IIf(shrt, shapedownArrow, shapeNone),colorYellow,0,H+10); //Daily Close in upper 95% Filter=(MomtumUp )OR(MomtumDown); AddColumn(MomtumUp,"Up",format =1.2); AddColumn(MomtumDown,"Down",format =1.2); AddColumn(lng,"NewLong",format =1.2); AddColumn(shrt,"NewShort",format =1.2); _SECTION_END(); _SECTION_BEGIN("Price"); SetChartOptions(0,chartShowArrows|chartShowDates); _N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) )); Plot( C, "Close", ParamColor("Color", colorDefault ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() ); _SECTION_END();
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hi, can you explain about this indicator ?
thank you.