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WiseTrader Toolbox
#1 Selling Amibroker Plugin featuring:
The Three Day Reversal Exploration for Amibroker (AFL)
The three day reversal is a very simple pattern. When the trend is Up or Long; The Three Day Drop and When the trend is Down or Short; The 3 Day Rise.
By Prashanth – prash454 [at] Rediffmail.com
Indicator / Formula
// 3 Day Reversal by Prashanth
// Knowing the Current Trend
P1 = Param("Period",10,0,100,1);
MyPDI= PDI(P1);//Positive Directional Indicator
MyMDI= MDI(P1);//Negative Directional Indicator (Minus)
// Trend Conditions
Cond1 = MyPDI > MyMDI;
Cond2 = MyPDI < MyMDI;
//Sell Conditions
Cond3 = Ref(C,-1) > Ref(C,-2) AND Ref(C,-2) > Ref(C, -3) AND Ref(C, -3) > Ref(C, -4);
Cond4 = C < Ref(C,-1) AND C < Ref(O, -1);
A = H - C;
B = ( ( 100 * A ) / C );
D = (100 * 0.50 ) / H;
E = (100 * 0.50 ) / L;
Cond5 = O > (H - D); // AND B < 0.50;
Cond6 = C <= (L + E);
Short = Cond1 AND Cond3 AND Cond4 AND Cond5 AND Cond6;
Cover = C > ShortPrice;
// Buy Conditions
Cond7 = C > Ref(C,-1);
Cond8 = O <= (L + E);
Cond9 = C >= (H - D);
Buy = Cond2 AND Cond7 AND Cond8 AND Cond9;
Sell = C < BuyPrice;
// ApplyStop(stopTypeLoss, stopModePercent, 3, 1);
Buy = ExRem(Buy, BarsSince(Buy) > 5);
Sell = ExRem(Sell, BarsSince(Sell) > 5);0 comments
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