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#1 Selling Amibroker Plugin featuring:
Four Model for Amibroker (AFL)
Four Model by Martin Zweig’s
See Zweig Book: Martin Zweig’s Winning with New IRAs, pages 117-128
Model was designed to be applied toa weekly chart of the Value Line Composite index ( VLCI)
Program uses a the weekly close of the VLCI to initate trades
Buy if the weekly close of the VLCI rises 4% or more from its lowest close ( since the last sell signal)
Sell if the weekly close of the VLCI falls 4% or more from its highest close ( since the last buy signal)
Similar Indicators / Formulas
Indicator / Formula
// Four Model by Martin Zweig's
// See Zweig Book: Martin Zweig's Winning with New IRAs, pages 117-128
// Translated to AFL by Xavier
// Model was designed to be applied toa weekly chart of the Value Line Composite index ( VLCI)
// Program uses a the weekly close of the VLCI to initate trades
// Buy if the weekly close of the VLCI rises 4% or more from its lowest close ( since the last sell signal)
// Sell if the weekly close of the VLCI falls 4% or more from its highest close ( since the last buy signal)
perOffLo = Param("% off lowest close", 4,1, 10);
perOffHi = Param("% off highest close", 4,1, 10);
trend = 0;
HC = LC = C[0];
for( i =0; i < BarCount ; ++i)
{
if ( trend == 0)
{
if (((C[i] - LC) / LC) >= (perOffLo / 100))
{
trend = 1;
}
if (((HC - C[i] ) / HC) >= (perOffLo / 100))
{
trend = -1;
}
}
else if ( trend == 1 AND ((HC - C[i]) / HC) >= (perOffHi / 100))
{
Sell[i] = 1;
trend = -1;
LC = C[i];
}
else if ( trend == -1 AND ((C[i] - LC) / LC) >= (perOffLo / 100))
{
Buy[i] = 1;
trend = 1;
HC = C[i];
}
if ( C[i] < LC) LC = C[i];
if ( C[i] > HC) HC = C[i];
}2 comments
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This is trading system only. No chart. But it should be easy to add.
I test with
Value Line Arithmetic Index,RTH (^VAY)
yahoo finance.
It can be used as a signal to buy other stocks.