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Asish's Stop Loss for Amibroker (AFL)
Rating:
3 / 5 (Votes 3)
Tags:
amibroker, stop loss
This is simple afl which indicates the where stop loss should after taking position.This also can be used to trail the stop loss following the signal line
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Indicator / Formula
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_SECTION_BEGIN("Stop Loss");
a=.0174532;
S1=sin(1*a)*C;
S2=sin(2*a)*Ref(C,-1);
S3=sin(3*a)*Ref(C,-2);
S4=sin(4*a)*Ref(C,-3);
S5=sin(5*a)*Ref(C,-4);
Num=S1+S2+S3+S4+S5;
Den=sin(a)+sin(2*a)+sin(3*a)+sin(4*a)+sin(5*a);
j1= Num/Den;
Plot(j1,"Stop Loss",ParamColor( "Color",13 ), styleLine | styleThick );
_SECTION_END();1 comments
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this is sine weighted moving average taken from metastock.it has been made by , i think jose silva in metastock forums