Stock Portfolio Organizer

The ultimate porfolio management solution.

Shares, Margin, CFD's, Futures and Forex
EOD and Realtime
Dividends and Trust Distributions
And Much More ....
For Portfolio Manager Click Here

WiseTrader Toolbox

#1 Selling Amibroker Plugin featuring:

Advanced Adaptive Indicators
Advanced Pattern Exploration
Neural Networks
And Much More ....
Find Out More Here

Peak & Valley for Amibroker (AFL)

Rating:
4 / 5 (Votes 11)
Tags:
trading system, amibroker, pivots

I found this AFL on tatechnics site of Karthik Marar
It has apparently been created by Edward and posted on the site by Karma8 – All credits to the three for the post

Dear Admin – Please caution if the formula looks into the future

Screenshots

Similar Indicators / Formulas

Kenzie_SR_Modified
Submitted by vargasc1 over 12 years ago
T3 function cloud
Submitted by ahmmad almost 13 years ago
Lakshmi buy sell signals
Submitted by rani over 13 years ago
Pivots
Submitted by morgen almost 13 years ago
MPLite--KAKA & Heinkin Ashi & NickMA
Submitted by pharaoh over 13 years ago
Pivot Trading by Karhikmarar
Submitted by THE LORD KSA about 14 years ago

Indicator / Formula

Copy & Paste Friendly
_SECTION_BEGIN("Peak & Valley");
// E.M.Pottasch 09/06/10
nbar = Param("nbar",2,1,5,1); 

PHigh = H > Ref(HHV(H,nbar),-1) AND Ref(HHV(H,nbar),nbar) < H;
PHighPrice0 = ValueWhen(PHigh,H);
PHighPrice1 = IIf(PHighPrice0 AND BarsSince(PHigh) > nbar,PHighPrice0,Null);
PHighPrice2 = IIf(PHighPrice0 AND BarsSince(PHigh) <= nbar,PHighPrice0,Null);
PLow = L < Ref(LLV(L,nbar),-1) AND Ref(LLV(L,nbar),nbar) > L;
PLowPrice0 = ValueWhen(PLow,L); 
PLowPrice1 = IIf(PLowPrice0 AND BarsSince(Plow) > nbar,PLowPrice0,Null);
PLowPrice2 = IIf(PLowPrice0 AND BarsSince(Plow) <= nbar,PLowPrice0,Null);

GraphXSpace = 5;
SetChartOptions(0, chartShowDates);
Plot(C,"\nLast",colorWhite,styleCandle);

Plot(PHighPrice1,"\nPHighPrice",colorOrange,styleThick);
Plot(PHighPrice2,"",colorOrange,styleDots | styleNoLine);
Plot(PLowPrice1,"\nPLowPrice",colorBrightGreen,styleThick);
Plot(PLowPrice2,"",colorBrightGreen,styleDots | styleNoLine);

Buy=H>PHighPrice0;
Sell=L<PLowPrice0;

Buy=ExRem(Buy,Sell);
Sell=ExRem(Sell,Buy);

PlotShapes(IIf(Buy , shapeSmallUpTriangle, shapeNone) ,colorGreen, 0,L,-30); 
PlotShapes(IIf( Sell, shapeSmallDownTriangle, shapeNone) ,colorOrange, 0,H,-25);
_SECTION_END();

10 comments

1. morgen

Very good!
Very efficient!
Thank You!

2. bhartiprinters

SEEN SAME TYPE OF AFL CREATED BY PRAKASH SHENOI SOMEWERE ELSE, VERY GOOD AFL FOR INTRADAY TRADES/SWING TRADES.KARTHIK BHAI NAME IS ENOUGH FOR QUALITY AFL THANKS FOR THIS.

3. ashraf8423

Very good AFL. Thanks for sharing

4. gopal

This will not be displayed in real time.
How can we use this for trading? Can someone explain for the forum ?

Thanks,
Gopal

5. Anthony

gopal you can use this indicator to look at support and resistance, so you can find breakout or breakdown easily.

6. rezaul

very good
thanx

7. kumaravel

Thanks To Edward and karthick

8. apple4320

back test Great

9. gholamreza

very good

10. DEEPBL6U

PLEASE ADD LATEST TWO TRENDLINES ONE UP AND ONE DOWN….GRATEFUL TO YOU

Leave Comment

Please login here to leave a comment.

Back