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DETECTING DOUBLE TOPS for Amibroker (AFL)
narbassi
about 13 years ago
Amibroker (AFL)

Rating:
5 / 5 (Votes 1)
Tags:
trading system, amibroker

Detects Double Tops

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Indicator / Formula

Copy & Paste Friendly
percdiff = 5; /* peak detection threshold */
fwdcheck = 5; /* forward validity check */
mindistance = 10;
validdiff = percdiff/400;
PK= Peak( H, percdiff, 1 ) == HIGH;

x = Cum( 1 );
XPK1 =  ValueWhen( PK, x, 1 ); 
XPK2 = ValueWhen( PK, x, 2 ); 

peakdiff = ValueWhen( PK, H, 1 )/ValueWhen( PK, H, 2 );
doubletop = PK AND abs( peakdiff - 1 ) < validdiff AND (XPK1 - XPK2)>mindistance
AND HIGH > HHV( Ref( H, fwdcheck ), fwdcheck - 1 );
buy = doubletop;
sell = 0;

writeif( highest( doubletop ) == 1, "AmiBroker has detected some possible double top patterns for " + name() + "\nLook for green arrows on the price chart.", "There are no double top patterns for " + name() );

1 comments

1. narbassi

Detecting Double Tops Code

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