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Cowabunga for Amibroker (AFL)
kuwait
about 14 years ago
Amibroker (AFL)

Rating:
4 / 5 (Votes 5)
Tags:

Cowabunga trading system.

Screenshots

Indicator / Formula

Copy & Paste Friendly
_SECTION_BEGIN("COWABUNGA");

E5 = EMA(C, 5);
E10 = EMA(C, 10);

R = RSI(9);
SK = StochK(10, 3);
SD = StochD(10, 3, 3);
MH = MACD(12, 26) - Signal(12, 26, 9);

//Conditions for Buying

Cond1 = E5 > E10;
Cond2 = R > 50;
Cond3 = SD < 80 AND SD > Ref(SD, -1);
Cond4 = MH > 0 OR (MH < 0 AND MH > Ref(MH, -1));

//Conditions for Selling

Cond5 = E10 > E5;
Cond6 = R < 50;
Cond7 = SD > 20 AND SD < Ref(SD, -1);
Cond8 = MH < 0 OR (MH > 0 AND MH < Ref(MH, -1));

Buy = Cond1 AND Cond2 AND Cond3 AND Cond4;
Sell = Cond5 AND Cond6 AND Cond7 AND Cond8;

Buy = ExRem(Buy, Sell);
Sell = ExRem(Sell, Buy);

Plot(C, "", colorGrey40, styleBar);
Plot(E5, "EMA5", colorGreen, styleLine);
Plot(E10,"EMA10", colorRed, styleLine);

PlotShapes(IIf(Buy, shapeSquare, shapeNone),colorGreen, 0, L, Offset=-20);
PlotShapes(IIf(Buy, shapeSquare, shapeNone),colorLime, 0,L, Offset=-30); 
PlotShapes(IIf(Buy, shapeUpArrow, shapeNone),colorWhite, 0,L, Offset=-25); 
PlotShapes(IIf(Sell, shapeSquare, shapeNone),colorRed, 0, H, Offset=20);
PlotShapes(IIf(Sell, shapeSquare, shapeNone),colorOrange, 0,H, Offset=30); 
PlotShapes(IIf(Sell, shapeDownArrow, shapeNone),colorWhite, 0,H, Offset=-25);

_SECTION_END();

3 comments

1. sajid

GOOD FORMULA, BUT DONT KNOW WHICH PERIAD IT GIVE GOOD EFFECT, INTRDAY 5 MINUTE ,10 MINUTE OR 15 MINUTE,
PLEASE COMMENT ANY EXPERT, WHEN IT IS MORE EFFECTIVE

2. aruncb

nice formula. it shows many whipsaws in 15 mins charts…

3. Rushabh

Nice Formula

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