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Vegas Tunnel Scanner (Daily/Hourly/15 Min) for Amibroker (AFL)
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Tags:
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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//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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