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5 Day EMA Hi-Lo for Amibroker (AFL)
Rating:
5 / 5 (Votes 1)
Tags:
Based on 5 period ( hourly ) EMA – the Highs & Lows provides signals to intraday long or short. Courtesy:Marketcalls.
Have been using for sometime now. Find it excellent for Intraday.
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Indicator / Formula
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_SECTION_BEGIN("5 EMA High-Low");
SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ));
Plot( Close, "Close", ParamColor("Color", colorBlack ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() );
Buy = Cross(Close,EMA( High , 5 ));
Sell = Cross(EMA( Low , 5 ),Close);
PlotShapes(IIf(Sell==1, shapeDownArrow, shapeNone), colorRed, 0,High, Offset=-20);
PlotShapes(IIf(Buy==1, shapeUpArrow , shapeNone), colorGreen, 0,Low, Offset=-20);
Plot( EMA( Low,5), "5 EMA LOW",ParamColor("Color", colorBlue ),styleNoRescale);
Plot( EMA( High,5), "5 EMA High",ParamColor("Color", colorBlue ),styleNoRescale);
_SECTION_END();
_SECTION_BEGIN("Display the Title");
Title = "5 EMA High-Low ( MKT CALLS) " + " - " + Name() + " - " + EncodeColor(colorRed)+ Interval(2) + EncodeColor() +
" - " + Date() +" - " +EncodeColor(colorLime)+
_SECTION_END();0 comments
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