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Demand or supply bars for Amibroker (AFL)

Rating:
3 / 5 (Votes 2)
Tags:
amibroker

Demand or Supply bars.

Author Savant Garde.

Link: http://www.traderji.com/day-trading/49521-thoughts-day-swing-trading-78.html

Screenshots

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Indicator / Formula

Copy & Paste Friendly
_SECTION_BEGIN( "SG's Demand and Supply Bars" );
TopWick = IIf( Close > Open, High - Close, High - Open );
BotWick = IIf( Close > Open, Open - Low, Close - Low );

SBCond1 = TopWick > Ref( TopWick, -1 ) AND TopWick > Ref( TopWick, 1 );
SBCond2 = High > Ref( High, -1 ) AND High > Ref( High, 1 );
SBCond3 = Ref( TopWick, -1 ) > 0.009 AND Ref( TopWick, 1 ) > 0.009;

DBCond1 = BotWick > Ref( BotWick, -1 ) AND BotWick > Ref( BotWick, 1 );
DBCond2 = Low < Ref( Low, -1 ) AND Low < Ref( Low, 1 );
DBCond3 = Ref( BotWick, -1 ) > 0.009 AND Ref( BotWick, 1 ) > 0.009;

SpplyBar = IIf( SBCond1 AND SBCond2 AND SBCond3, shapeSmallCircle, shapeNone );
DmndBar = IIf( DBCond1 AND DBCond2 AND DBCond3, shapeSmallCircle, shapeNone );

PlotShapes( SpplyBar, ParamColor( "SupplyBar Color", colorRed ), 0, H, 10 );
PlotShapes( DmndBar, ParamColor( "DemandBar Color", colorGreen ), 0 , L, -10 );
_SECTION_END();

6 comments

1. tigernifty

Dear TTT,
am try to install the SUPPLYDEMAND afl, but screen showing blank..
am need ur help… to solve this. thx

2. morgen

Same for me…BLANK!
Please, verify .afl.

3. ajeet

Drag drop it over a price chart

4. davidalan

im glad to see that i am not the only one that get the green or red vertical line does any one know the cause too many sheets maybe?

5. joeoil

Works ok for me. Amibroker v. 5.40

6. ARIES77

Add plot candlestick first…

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