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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

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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

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