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Bollinger band using STD Dev and MA for Amibroker (AFL)

Rating:
4 / 5 (Votes 3)
Tags:
trading system, amibroker, bands

Bollinger Band using Standard Deviation and MA. Buy Sell when reaches the low or high of the band

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Indicator / Formula

Copy & Paste Friendly
_SECTION_BEGIN("Price");
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( C, "Current Price: ", IIf( O < C, colorBrightGreen, colorRed ), styleCandle );
_SECTION_END();


_SECTION_BEGIN("Middle Band");

P = ParamField("Price Field", -1);
Period = Param("Period", 20, 2, 300, 1);

MiddleBand = MA(P, Period);

Plot(MiddleBand,"", ParamColor("Color", colorYellow), ParamStyle("Style")|styleNoRescale);
_SECTION_END();

_SECTION_BEGIN("Uppar Band");

P = ParamField("Price Field", -1);
Period = Param("Period", 20, 2, 300, 1);

UpparBand = MA(P, Period) + StDev(P, Period)*2;

Plot(UpparBand, "", ParamColor("Color", colorGreen), ParamStyle("Style")|styleNoRescale);

_SECTION_END();

_SECTION_BEGIN("Lower Band");

P = ParamField("Price Field", -1);
Period = Param("Period", 20, 2, 300, 1);

LowerBand = MA(P, Period) - StDev(P, Period)*2;

Plot(LowerBand, "", ParamColor("Color", colorRed), ParamStyle("Style")|styleNoRescale);

_SECTION_END();

_SECTION_BEGIN("Buy Sell calculation");

PositionSize = 5000;
Buy =  Ref(L < LowerBand, -2) AND Ref(C > LowerBand, -1);
Short = Ref(H > UpparBand, -2)  AND Ref(C < UpparBand, -1);

Buyst=ValueWhen(Buy,O,1);
Shortst=ValueWhen(Short,O,1);
 
Sell=  Cross(Buyst*0.995,C) ;
Cover=  Cross(C,Shortst*1.005);
 
Buy=ExRem(Buy,Short) OR ExRem(Buy,Sell) ;
Short=ExRem(Short,Buy) OR ExRem(Short,Cover);
Sell=ExRem(Sell,Buy);
Cover=ExRem(Cover,Short);
SellPrice = ValueWhen( Sell, C, 1 );

BuyPrice = ValueWhen( Buy, C, 1 );

FirstVisibleBar = Status( "FirstVisibleBar" );
Lastvisiblebar = Status("LastVisibleBar");
for( b = Firstvisiblebar; b <= Lastvisiblebar AND b < BarCount; b++)
{
if( Buy[b] ) PlotText("\n Buy\N "+NumToStr(BuyPrice[b],1.2),b,BuyPrice[b],colorBrightGreen);
else if( Sell[b] ) PlotText(" \nSell \N"+NumToStr(SellPrice[b],1.2),b,SellPrice[b],colorRed);
}

PlotShapes(shapeUpArrow*Buy, colorGreen, 0, L, Offset=-45);
PlotShapes(shapeDownArrow*Sell, colorRed, 0, H, Offset=-45);


_SECTION_END();

3 comments

1. jayakumar1975

hello surindersingh,

line 65

if( Buy[b] ) PlotText(" \nBuy \N “+NumToStr(BuyPrice[b],1.2),b,BuyPrice[b],colorBrightGreen);
else if( Sell[b] ) PlotText(” \nSell \N"+NumToStr(SellPrice[b],1.2),b,SellPrice[b],colorRed);

some incorrect space sequence.

Waiting for your early reply.

Thanks with advance

jayakumar

2. mohammada123456

correction :

if( Buy[b] ) PlotText("\n Buy\n "+NumToStr(BuyPrice[b],1.2),b,BuyPrice[b],colorBrightGreen);
else if( Sell[b] ) PlotText(" \nSell \n"+NumToStr(SellPrice[b],1.2),b,SellPrice[b],colorRed);

good luck
“زنده باد ایران من”

3. viraldalal

@admin / mohammada

I require few parameters setup

for any AFls we use

just like drop on any afl and if iselect parameters will control afl.

Like if i say in parameters (intraday )

than it will close trades by 3.15 and show my open positions to be closed on backtesting reports.

Like wise 3 more condition and to help the matter I have written afls also but you just need to integrate.

Thanks,

Viral
dalalviral@yahoo.com

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