Bottom Trader for Amibroker (AFL)
ecomerce almost 16 years ago Amibroker (AFL)
If a trend is your friend, then you are thrice as lucky to have three
buddies in Bollinger Bands. The bands and their MA are not only great
trading tools, but superb trend indicators as well. Here, I have for you a
Bollinger Bottom Band Exploration (needless to say you can customize it for
O, H, L or C). I have set it to filter stocks that have crossed the bottom
band at L. If you are conservative with you money then this exploration is
ideal for you. Explore and ENTER the trade. All you need is a good eye and
I assure you, you would seldom lose money on a trade.
Author: Mubashar Virk
Indicator / Formula
P = ParamField("Price field",-1);
Periods = Param("Periods", 20, 2, 100, 1 );
Width = Param("Width", 2, 0, 10, 0.05 );
Filter = L < BBandBot( P, Periods, Width );
P = ((H + L + C) / 3);
R1 = ((2 * P) - L);
S1 = ((2 * P) - H);
R2 = ((P - S1) + R1);
S2 = (P - (R1 - S1));
AddTextColumn( FullName(), "Name");
AddColumn( Close, "Close" );
AddColumn (RSI(), "RSI",1.2);
AddColumn( V, "Volume",1 );
AddColumn( r2, "R 2", 1.2);
AddColumn( r1, "R 1", 1.2);
AddColumn( P, "Pivot", 1.2);
AddColumn( S1, "S 1", 1.2);
AddColumn( S2, "S 2", 1.2);0 comments
Leave Comment
Please login here to leave a comment.