Color Price Bar - Impulse System for Amibroker (AFL)
kaiji over 16 years ago Amibroker (AFL)
When the MACD Histogram is up and EMA is up Price bars are green. When MACD Histogram is down and EMA is down price bars are red. If the MACD Histogram and EMA are moving in two different directions the price bars are blue.
“When the impulse system is Green you may go long or stand aside. When the impulse system is red you may go short or stand aside. I wait for the impulse system to go off green before shorting and off red before going long” – Dr. Elder
By MTR Investors Group
Indicator / Formula
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/*--------------------------------------------------------------------
MTR Investors Group - www.MTRIG.com
Color price bars with MACD Histogram Bars changes. Use on weekly chart
to determine market trend. See Elder "Come into my trading room"
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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 ) ) ));
TimeFrameSet( inDaily) ;
//MACD
r1 = Param( "Impulse Fast avg", 12, 2, 200, 1 );
r2 = Param( "Impulse Slow avg", 26, 2, 200, 1 );
r3 = Param( "Impulse Signal avg", 9, 2, 200, 1 );
ml = MACD(r1, r2);
sl = Signal(r1,r2,r3);
Hist = ml-sl;
MACUP = Hist > Ref(Hist,-1);
MACDN = Hist < Ref(Hist,-1);
MA1 = Param( "Impluse MA", 21, 21, 200, 1 );
MAUP = EMA(C,MA1) > Ref(EMA(C,MA1),-1);
MADN = EMA(C,MA1) < Ref(EMA(C,MA1),-1);
//BarColor = IIf(Close == Open, colorBlack,IIf(Close>Open,colorGreen,colorRed));
BarColor = IIf(MACUP AND MAUP,colorGreen,IIf(MACDN AND
MADN,colorRed,colorBlue));
Plot( C, "Close", BarColor, styleNoTitle | ParamStyle("Style") |
GetPriceStyle() );5 comments
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it also showm syntax error
Thanks, It has been fixed.
there is no histogram
just read Elder’s “New Trading for a Living”. Your formula is exactly what I’m looking for. Great Thanks!
New Trading for a Living
Impulse System!