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#1 Selling Amibroker Plugin featuring:
Trend Trading BP - 4 Hourly for Amibroker (AFL)
This code developed by Ramesh Velidi(e mail: ramesh151@yahoo.com).It is posted here based on his permission.
The codes GMMA slow group and Ema20 & Ema30-Consisting a trend ribbon,and HullMoving Averages 5 &12 periods . Enter long if ema20-30 ribbon is gren and if it is above GMMA group and when hma5 turns down below hma12 and rises up first time,with slope of hma12 line steady up. exit when hma5 turns below hma12 and next exit if hma5 already below hma12 and hma12 turns downwards sloping.
DO OPPOSITE FOR SHORT TRADES.
Remember trend sequence
uptrend=gmma group sloping up,ema20-ema30 ribbon colorGreen,SLOPING UP,HMA5 moves down below HMA12 and rises up-enter trade.once HMA12 starts sloping downwards,exit long trades immediately.
downtrend=GMMA group sloping down,ema20-ema30 ribbon color red,sloping down and below gmma group,HMA5 &HMA12 are below ema20-30 ribbon, and HMA5 moves above HMA12 and starts move down
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Indicator / Formula
//trendtrading bp h4 timeframe
//coder:courtesy:RameshVelidi, email:ramesh151@yahoo.com
//gmma BASED simple Code USES HULL MOVING AVERAGE 5 AND 12
//AIMS SHORT QUICK TRADES on H4
grid_day = IIf(Day()!=Ref(Day(),-1),1,0);
Plot(grid_day,"",colorOrange,styleHistogram|styleDashed|styleNoLabel|styleOwnScale);
//==========================
SetChartBkColor(64);
SetChartOptions(0, chartShowArrows | chartShowDates);
Plot(C,"close",IIf(Close > Open,colorWhite,colorRed),styleCandle);
FastMAColor = ParamColor("Fast Group MA Color", colorGreen);
SlowMAColor = ParamColor("Slow Group MA Color", colorRed);
EMA20=EMA(C,20); EMA30 =EMA(C,30);
Plot(EMA(C, 20), "", colorCustom12, styleThick);
Plot(EMA(C, 30), " ", colorYellow, styleThick);
Plot(EMA(C, 35), " ", SlowMAColor, styleLine);
Plot(EMA(C, 40), " ", SlowMAColor, styleLine);
Plot(EMA(C, 45), " ", SlowMAColor, styleLine);
Plot(EMA(C, 50), " ", SlowMAColor, styleLine);
Plot(EMA(C, 60), " ", SlowMAColor, styleLine);
//==============================================
//HMA5 HULL MOVING AVERAGE
array = Close;
period= 5;
function HMA_AFL( array, period )
{
fast = WMA( array, period / 2 );
slow = WMA( array, period );
return WMA( 2 * fast - slow, sqrt( period ) );
}
Plot(HMA(Close,5),"HMA(C,5)",colorBrightGreen,styleThick);
_SECTION_END();
//=============================================================
HMA12 = HMA(C,12);
E2030COLOR = IIf(EMA20>EMA30,colorDarkGreen,colorDarkRed);
PlotOHLC(EMA20,EMA20,EMA30,EMA30," ",E2030COLOR,styleCloud);
//HMA12 HULL MOVING AVERAGE
array = Close;
period1= 12;
{
fast = WMA( array, period1 / 2 );
slow = WMA( array, period1 );
HMA12 = WMA( 2 * fast - slow, sqrt( period1 ) );
}
Plot(HMA(Close,12),"HMA(C,12)",colorRed,styleThick);
_SECTION_END();
_SECTION_BEGIN("HMA HULL MOVING AVERAGE1");3 comments
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good
good job bro
Very good job.
Thx and keep it up.