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Swing chart for Amibroker (AFL)

Rating:
5 / 5 (Votes 1)
Tags:
amibroker, composite

Formula name: 30 Week Hi Indicator – Calculate
Author/Uploader: Geoff Mulhall

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Indicator / Formula

Copy & Paste Friendly
/* Calculate indices of new 30 week high's vs new 30 week lows */
/* Set the filter so as to scan a given market */
/* Set Period to Weekly */
/* The new indexes will be found in Group 253 */

H1 = Close > Ref(HHV(Close,30),-1);
H2 = High > Ref(HHV(High,30),-1);

L1 = Close < Ref(LLV(Close,30),-1);
L2 = Low < Ref(LLV(Low,30),-1);

H_L_Array1 = H1 - L1;
H_L_Array2 = H2 - L2;

// Do not generate signals

Buy = 0; 
Filter = 0;

AddToComposite( H_L_Array1, "~Idx30Wk_Close_HL", "X", 19);
AddToComposite( H_L_Array2, "~Idx30Wk_Abs_HL", "X", 19);

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