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MACD & RSI Exploration for Amibroker (AFL)
Rating:
3 / 5 (Votes 5)
Tags:
oscillator, trading system, amibroker, exploration
This indicator buys when macd>signal line and RSI crosses over 45 or when RSI > 45 and macd crosses signal line upwards and vice versa for sell. All stops and targets etc. are indicative. One must use ones own judgement, as always.
Trade safe.
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Indicator / Formula
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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 | _SECTION_BEGIN("3 10 16 Explore Stops & Targets Refined");r1 = Param( "Fast avg", 3, 2, 200, 1 );r2 = Param( "Slow avg", 10, 2, 200, 1 );r3 = Param( "Signal avg", 16, 2, 200, 1 );ml = MACD(r1, r2);sl = Signal(r1,r2,r3);Buy=((( ml>sl)AND Cross( RSI(14),45)) OR (Cross(ml,sl)AND RSI(14)>45));Sell =((Cross(sl,ml) AND 45> RSI(14)) OR ((sl>ml) AND Cross(45, RSI(14))));BuyStop=EMA(L,3);SellStop=EMA(H,3);TargetBuy=C+ATR(14)*2;TargetSell=C-ATR(14)*2;BuyRisk=(C-BuyStop);BuyRiskPcnt=(C-BuyStop)*100/C;BuyReward=(TargetBuy-C);BuyRewardPcnt=(TargetBuy-C)*100/C;SellRisk=(SellStop-C);SellRiskPcnt=(SellStop-C)*100/C;SellReward=(C-TargetSell);SellRewardPcnt=(C-TargetSell)*100/C;BuyRiskRewardRatio=BuyReward/BuyRisk;SellRiskRewardRatio=SellReward/SellRisk;PositionSize = 20000/C;Filter=Buy OR Sell;AddColumn(IIf( Buy, 66, 83 ), "Signal",formatChar,IIf(Buy,colorGreen,colorRed));AddColumn(C,"Close");AddColumn(V,"Volume");AddColumn(BuyStop,"BuyStop");AddColumn(SellStop,"SellStop");AddColumn(TargetBuy,"TargetBuy");AddColumn(TargetSell,"TargetSell");AddColumn(BuyRisk,"BuyRisk");AddColumn(BuyReward,"BuyReward");AddColumn(BuyRiskPcnt,"BuyRiskPcnt");AddColumn(BuyRewardPcnt,"BuyRewardPcnt");AddColumn(SellRisk,"SellRisk");AddColumn(SellReward,"SellReward");AddColumn(SellRiskPcnt,"SellRiskPcnt");AddColumn(SellRewardPcnt,"SellRewardPcnt");AddColumn(BuyRiskRewardRatio,"BRRR");AddColumn(SellRiskRewardRatio,"SRRR");AddColumn(PositionSize,"PS");SetChartOptions( 0, chartShowArrows );Buy=((( ml> sl )AND Cross( RSI(14),45)) OR (Cross(ml,sl)AND RSI(14)>45));Sell=((Cross(sl,ml) AND 45> RSI(14)) OR ((sl>ml) AND Cross(45, RSI(14))));shape = Buy * shapeUpArrow + Sell* shapeDownArrow;Plot( Close, "Price", colorBlack, styleCandle );PlotShapes( shape, IIf( Buy, colorGreen, colorRed ), 0, IIf( Buy, Low, High ) );GraphXSpace = 5;_SECTION_END(); |
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Sir checked on this and works well after taking a trade by having a look at other parameters.Good work and thankyou