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Supertrend for Amibroker (AFL)

Rating:
3 / 5 (Votes 5)
Tags:
amibroker

Supertrend translated from Kolier MQ4, see: http://kolier.li/indicator/kolier-supertrend-indi

many supertrend indicators out there. Here is a nice one. You can toggle between trend mode on/off using the parameter window.

Screenshots

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Indicator / Formula

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// Supertrend - Translated from Kolier MQ4
// see: http://kolier.li/indicator/kolier-supertrend-indi
// translation in Amibroker AFL code by E.M.Pottasch, 2011

procedure calcTrend_proc(ATR_Period,tr,ATR_Multiplier,TrendMode,CalcPrice)
{
global buffer_line_down;
global buffer_line_up;
buffer_line_down = Null;
buffer_line_up = Null;

PHASE_NONE = 0;
PHASE_BUY = 1;
PHASE_SELL = -1;

phase=PHASE_NONE;
band_upper = 0;band_lower = 0;
  
for(i = ATR_Period + 1; i < BarCount; i++)
{
	band_upper = CalcPrice[i] + ATR_Multiplier * tr[i];
	band_lower = CalcPrice[i] - ATR_Multiplier * tr[i];
	
	if(phase==PHASE_NONE)
	{
		buffer_line_up[i] = CalcPrice[i];
		buffer_line_down[i] = CalcPrice[i];
	}
	if(phase!=PHASE_BUY && Close[i]>buffer_line_down[i-1] && !IsEmpty(buffer_line_down[i-1])) 
	{
		phase = PHASE_BUY;
		buffer_line_up[i] = band_lower;
		buffer_line_up[i-1] = buffer_line_down[i-1];
	}
	if(phase!=PHASE_SELL && Close[i]<buffer_line_up[i-1] && !IsEmpty(buffer_line_up[i-1]))
	{
		phase = PHASE_SELL;
		buffer_line_down[i] = band_upper;
		buffer_line_down[i-1] = buffer_line_up[i-1];
	}	
	if(phase==PHASE_BUY && ((TrendMode==0 && !IsEmpty(buffer_line_up[i-2])) || TrendMode==1) )
	{
		if(band_lower>buffer_line_up[i-1]) 
		{
			buffer_line_up[i] = band_lower;
		}
		else 
		{
			buffer_line_up[i] = buffer_line_up[i-1];
		}
	}
	if(phase==PHASE_SELL && ((TrendMode==0 && !IsEmpty(buffer_line_down[i-2])) || TrendMode==1) )
	{
		if(band_upper<buffer_line_down[i-1])
		{
			buffer_line_down[i] = band_upper;
		}
		else
		{
			buffer_line_down[i] = buffer_line_down[i-1];
		}
	}
}
}

SetBarsRequired(sbrAll,sbrAll);

TrendMode = ParamToggle("TrendMode","Off|On",1);
ATR_Multiplier = Param("ATR_Multiplier",2,0.1,10,0.1);
ATR_Period = Param( "ATR_Period",5,1,20,1);
tr = ATR(ATR_Period);

CalcPrice = (H+L)/2;
calcTrend_proc(ATR_Period,tr,ATR_Multiplier,TrendMode,CalcPrice);

SetChartOptions(0,chartShowDates);
Plot(C,"C",colorWhite,64);
Plot(buffer_line_up,"\ntu",ColorRGB(28,134,238),styleThick);
Plot(buffer_line_down,"\ntd",ColorRGB(205,51,51),styleThick);

Plot( 2,"",IIf(buffer_line_up,colorGreen,colorBlack),styleOwnScale|styleArea|styleNoLabel, -0.5, 100 );
Plot( 4,"",IIf(buffer_line_down,colorRed,colorBlack),styleOwnScale|styleArea|styleNoLabel, -0.5, 100 );

8 comments

1. telurdadar2000

Error : SetBarsRequired(sbrAll,sbrAll);

2. empottasch

upgrade Amibroker to latest version or use:

//SetBarsRequired(sbrAll,sbrAll);

3. waelalamoudi

its great

4. sacanbu

this afl seeks future quotes, results cannot be produced in reality. it’s an afl for bankruptcy

5. mohanjamkhekdar

GOOD

6. astrosystems

its a black hole for real money.

7. Deepakhallikar

How to add buy sell signal to it

8. acedubai

How to change the candles to bars?

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