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Vegas Tunnel Scanner (Daily/Hourly/15 Min) for Amibroker (AFL)
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EMA, Vegas Tunnel, amibroker, AFL
The Vegas Tunnel is a pair of moving averages which in my personal experience have a significant weightage in the price retracement of any index. The band formed by the EMA of 144 and 169 forms the Vegas Tunnel which acts as a significant Support or Resistance for a stock price. This indicator provides a scan of the stocks which are near the 144-169 EMA bands. This can be used for generating a watchlist of stocks to trade.
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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 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 | //Vegas Tunnel Exploration for Daily/Hourly/15 Minute TimeFrames// Developed by Sivakumar.C// Used predominantly in Daily and Hourly TF._SECTION_BEGIN("Price");SetChartOptions( 0, chartShowDates | chartShowArrows | chartLogarithmic | chartWrapTitle );_N( Title = StrFormat( "{{NAME}} - " + SectorID( 1 ) + " - {{INTERVAL}} Open %g, Hi %g, Lo %g, Close %g (%.2f%%) Vol " + WriteVal( V, 1.0 ) + " {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ) );Plot( C, "Close", colorRose, styleCandle | styleNoTitle | ParamStyle( "Style" ) | GetPriceStyle() );_SECTION_END();_SECTION_BEGIN("EMA");TimeFrameSet(inDaily);DSP = Param("Daily Short Period", 124, 10, 200, 5);DLP = Param("Daily Long Period", 193, 10, 200, 5);DLEMA = EMA(C,DLP);DSEMA = EMA(C,DSP);AddColumn(Close, "Daily Vegas Tunnel",1.2, colorWhite, IIf(C<DLEMA OR C>DSEMA, colorlime, colorOrange ) );TimeFrameRestore();TimeFrameSet(inHourly);HSP = Param("Hourly Short Period", 124, 10, 200, 5);HLP = Param("Hourly Long Period", 193, 10, 200, 5);HLEMA = EMA(C,HLP);HSEMA = EMA(C,HSP);AddColumn(Close, "Hourly Vegas Tunnel",1.2, colorWhite, IIf(C<HLEMA OR C>HSEMA,colorlime, colorOrange));TimeFrameRestore();TimeFrameSet(in15Minute);MSP15 = Param("15 Minute Short Period", 124, 10, 200, 5);MLP15 = Param("15 Minute Long Period", 193, 10, 200, 5);MLEMA15 = EMA(C,MLP15);MSEMA15 = EMA(C,MSP15);AddColumn(Close, "15 Min Vegas Tunnel",1.2, colorWhite, IIf(C<MLEMA15 OR C>MSEMA15,colorlime, colorOrange));TimeFrameRestore();/*TimeFrameSet(in5Minute);MSP5 = Param("5 Minute Short Period", 124, 10, 200, 5);MLP5 = Param("5 Minute Long Period", 193, 10, 200, 5);MLEMA5 = EMA(C,MLP5);MSEMA5 = EMA(C,MSP5);AddColumn(Close, "5 Min Vegas Tunnel",1.2, colorWhite, IIf(C<MLEMA5 OR C>MSEMA5,colorlime, colorOrange));TimeFrameRestore();*/Buy = ((Close < DSEMA) AND (Close>DLEMA)) OR ((Close < HSEMA) AND (Close>HLEMA)) OR ((Close < MSEMA15) AND (Close > MLEMA15)) /* OR ((Close < MSEMA5) AND (Close > MLEMA5))*/ ;Filter = Buy;AlertIf(Buy,"SOUND c:\\Windows\\Media\\alarm10.wav","Audio Alert",1);_SECTION_END(); |
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