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Stochastic with Support and Resistance for Amibroker (AFL)

Rating:
4 / 5 (Votes 6)
Tags:
trading system, amibroker, support, resistance, optimize

Develop the stochastic for know confirmation overbought and oversold timeframe

Regards,
Isfandi
Indonesia

Screenshots

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Indicator / Formula

Copy & Paste Friendly
//Develop the afl by: Isfandi - Indonesia
_SECTION_BEGIN( "Stochastic" );

periods = Param( "Periods", 14, 1, 200, 1 );
Ksmooth = Param( "%K avg", 3, 1, 200, 1 );
Dsmooth = Param( "%D avg", 3, 1, 200, 1 );
myStochD =StochD( periods , Ksmooth, DSmooth );
myStochK =StochK( periods , Ksmooth);
Overbought = 80 ;
Oversold =20 ;
Center = 50 ;

Buy1 = Cross(myStochK, Oversold ) ;
Buy2 = Cross(myStochK, Center ) ;
Sell1 = Cross( Overbought, myStochK );
Sell2 = Cross( Center, myStochK );


Plot( myStochD, "Stochastic %D"+_PARAM_VALUES( ), ParamColor( "ColorD", colorRed ), ParamStyle(" StyleD") );
Plot( myStochK, "Stochastic %K", ParamColor( "ColorK", colorBlue ), ParamStyle(" StyleK") );

PlotShapes(IIf( Sell1, shapeDownArrow , shapeNone), colorRed,0, Offset=Null) ;
PlotShapes(IIf( Sell2, shapeDownArrow , shapeNone), colorRed,0, Offset=Null) ;
PlotShapes(IIf( Buy1 , shapeUpArrow , shapeNone), colorGold,0, Offset=Null) ;
PlotShapes(IIf( Buy2 , shapeUpArrow , shapeNone), colorGold,0, Offset=Null) ;

Plot(Overbought, "",colorRed) ;
Plot(Oversold, "",colorGreen) ;
Plot(Center, "",colorWhite, styleDashed) ;

y0=LastValue( Trough(StochD( periods , Ksmooth, DSmooth ),1,2));
y1=LastValue( Trough(StochD( periods , Ksmooth, DSmooth ),1,1));
x0=BarCount - 1 - LastValue(TroughBars(StochD( periods , Ksmooth, DSmooth ),1,2));
price_start= Close[x0] ;
x1=BarCount - 1 - LastValue(TroughBars(StochD( periods , Ksmooth, DSmooth ),1,1));
price_end=Close[ x1];
Line = LineArray( x0, y0, x1, y1, 0 );
Plot( Line, "Support line", colorYellow );
Buy = y1>y0 AND price_end<price_start;
PlotShapes(shapeUpArrow * Buy, colorGreen,0, Line);

y00=LastValue( Peak(StochD( periods , Ksmooth, DSmooth ),1,2));
y11=LastValue( Peak(StochD( periods , Ksmooth, DSmooth ),1,1));
x00=BarCount - 1 - LastValue(PeakBars( StochD(periods , Ksmooth, DSmooth ),1,2));
price_start1= Close[x00] ;
x11=BarCount - 1 - LastValue(PeakBars( StochD(periods , Ksmooth, DSmooth ),1,1));
price_end1=Close[ x11];
Line = LineArray( x00, y00, x11, y11, 0 );
Plot( Line, "Resistance line", colorBrightGreen );
Sell = y11<y00 AND price_end1>price_start1;
PlotShapes(shapeDownArrow * Sell, colorOrange,0,Line) ;


PlotOHLC( myStochK,myStochK, 50,myStochK, "", colorDarkGrey, styleCloud | styleClipMinMax, Oversold , Overbought);
PlotOHLC( myStochD,myStochD, 50,myStochD, "", colorDarkRed, styleCloud | styleClipMinMax, Oversold , Overbought);


//Optimize

range = Optimize( "Range", 8, 8, 14, 1 );
Ksmooth = Optimize("%K smooth", 3, 2, 5, 1 );
Dsmooth = Optimize("%D smooth", 3, 2, 5, 1 );
Buy=Cross( StochK (range,Ksmooth) , StochD (range,Ksmooth, Dsmooth) );
Sell = Cross( StochD(range, Ksmooth,Dsmooth) , StochK(range, Ksmooth) );


_SECTION_END( );

6 comments

1. METHUN

YES WORKINGAND MUCH MORE EFFECTIVE………..THANKS TO CREATOR.

2. Pascal SAMSON

Thank you Isfandi.

3. taifur_pavel

Could you please share the afl for the upper chart …

4. baby.learn.to.trade

upper part here but not uptodate:

http://www.wisestocktrader.com/indicators/1276-trading-system-by-isfandi

please update your creation, isfandi.

thanks

5. isfandi

To:
taiful pavel and baby learn,

the upper chart you can develop yourself, that basic afl I has posting in http://www.wisestocktrader.com/indicators/1276-trading-system-by-isfandi

this afl (trading-system-by-isfandi) need plugins for working, the name of plugins is “MCSwing”. so if you not available pls contact me at isfandi2001@yahoo.com and I will give you it the file.

Regards,

6. tigernifty

sir, am new one in AMI-5, so as per ur knowledge pls give one most good intraday AFL for me,, thank you.
s.suresh, 98424 06366.

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