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Cup Formation for Amibroker (AFL)
Rating:
2 / 5 (Votes 4)
Tags:
amibroker, pattern
Early detection of cup formations. Published in April edition of Stocks and Commodities
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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 | Parameter = Param( "parameter", 1.5, 1, 10, 0.1 ); FilC = ( log( C ) ); eps = 0.0000000001; // basic Definitions semicupperiod = SelectedValue( Max( BarsSince( C >= SelectedValue( C * parameter ) ), 1 ) ) + 1; Ptop = SelectedValue( HHV( FilC, Semicupperiod ) ); Pbot = SelectedValue( LLV( FilC, Semicupperiod ) ); boxheight = SelectedValue( abs( Ptop - Pbot ) / 5 ); boxlength = SelectedValue( Max( int( semicupperiod / 5 ), 1 ) ); // Grid Nodes bar = Cum( 1 ); b0 = SelectedValue( bar - semicupperiod + 1 ); b5 = SelectedValue( bar ); b1 = SelectedValue( Min( b0 + boxlength, b5 ) ); b2 = SelectedValue( Min( b1 + boxlength, b5 ) ); b3 = SelectedValue( Min( b2 + boxlength, b5 ) ); b4 = SelectedValue( Min( b3 + boxlength, b5 ) ); L2 = Pbot + 2 * boxheight; L3 = Pbot + 3 * boxheight; // Directional Strength Diff = FilC - Ref( FilC, -1 ); UpSum2 = Sum( Max( Diff, 0 ), 2 * boxlength ); DnSum2 = Sum( Max( -Diff, 0 ), 2 * boxlength ); DSX1 = abs( UpSum2 - DnSum2 ) / ( eps + UpSum2 + DnSum2 ) * 100; UpSum3 = Sum( Max( Diff, 0 ), 3 * boxlength ); DnSum3 = Sum( Max( -Diff, 0 ), 3 * boxlength ); DSX2 = abs( UpSum3 - DnSum3 ) / ( eps + UpSum3 + DnSum3 ) * 100; // Coditions isSemicup = ( semicupperiod >= 20 ) AND ( Ref( DSX1, -( b5 - b2 ) ) > 25 ) AND ( DSX2 < 25 ) AND ( Cum( IIf( bar >= b2, FilC > L3, 0 ) ) == 0 ) AND ( Cum( IIf( bar >= b4, FilC > L2, 0 ) ) == 0 ); LIS = SelectedValue( isSemicup ); Lastbar = SelectedValue( Cum( bar ) ); Line = LIS * ( ValueWhen( LIS * bar == b0, 1 ) * ( ( exp( Ptop ) - exp( Pbot ) ) / ( bar - b0 + 2 ) * 2 + 0.98 * exp( Pbot ) ) ); if( LIS ) Plot( Line , "IsSemiCupPlot", colorRed, styleThick ); Plot( C, Date() + " Close", ParamColor("Color", colorBlack ), styleBar ); Filter = isSemicup; AddColumn( semicupperiod, "Semicup period", 1.0 ); |
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