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Bollingerband with Support & Resistance System for Amibroker (AFL)

Rating:
4 / 5 (Votes 11)
Tags:
amibroker, fibonacci

This is system of Bollinger band with Support & resistance. Also Best Buy/sell signals provided in this system. (Try this for Nifty future).

Comments are welcomed.

Screenshots

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Indicator / Formula

Copy & Paste Friendly
_SECTION_BEGIN("_bollingerbands overlay");

P = ParamField("Price field",-1);
Periods = Param("Periods", 15, 2, 100, 1 );
Width = Param("Width", 2, 0, 10, 0.05 );
Color = ParamColor("Color", colorLightGrey );
Style = ParamStyle("Style", styleLine | styleNoLabel ) | styleNoLabel;
bbt = BBandTop( P, Periods, Width );
bbb = BBandBot( P, Periods, Width );
Plot( bbt , "BBTop" + _PARAM_VALUES(), colorBlack, Style ); 
Plot( bbb , "BBBot" + _PARAM_VALUES(), colorBlack, Style ); 
PlotOHLC( bbt, bbt, bbb, bbb, "", ColorBlend( Color, colorWhite, 0.9 ), styleNoLabel | styleCloud | styleNoRescale, Null, Null, Null, -1 );

bbm = (bbb + bbt) / 2; // middle bollingerbands
Plot( bbm , "BBMiddle" + _PARAM_VALUES(), colorBlack, styleDashed );

_SECTION_END();

_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, "Close", ParamColor("Color", colorBlack ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() ); 
_SECTION_END();



_SECTION_BEGIN("Fib Retracements");
	fibs = ParamToggle("Plot Fibs","Off|On",1);
	pctH = Param ("Pivot Hi %", 0.325,0.001,2.0,0.002);
	HiLB = Param ("Hi LookBack",1,1,BarCount-1,1);
	pctL = Param ("Pivot Lo %", 0.325,0.001,2.0,0.002);
	LoLB = Param ("Lo LookBack",1,1,BarCount-1,1);
	Back = Param ("Extend Left = 2",1,1,500,1);
	Fwd  = Param("Plot Forward", 0, 0, 500, 1);
	text = ParamToggle("Plot Text","Off|On",1);
	hts  = Param ("Text Shift", -33.5,-50,50,0.10);
	style =ParamStyle("Line Style",styleLine,styleNoLabel);
x = BarIndex();
pRp  = PeakBars( H, pctH, 1) == 0;
yRp0 = SelectedValue(ValueWhen( pRp, H, HiLB));
xRp0 = SelectedValue(ValueWhen( pRp, x, HiLB));
pSp  = TroughBars( L, pctL, 1) == 0;
ySp0 = SelectedValue(ValueWhen( pSp, L, LoLB));
xSp0 = SelectedValue(ValueWhen( pSp, x, LoLB));
Delta = yRp0 - ySp0;

function fib(ret)
{
retval = (Delta * ret);
Fibval = IIf(ret < 1.0 
AND xSp0 < xRp0, yRp0 - retval, IIf(ret < 1.0 
AND xSp0 > xRp0, ySp0 + retval,IIf(ret > 1.0 
AND xSp0 < xRp0, yRp0 - retval, IIf(ret > 1.0 
AND xSp0 > xRp0, ySp0 + retval, Null)))); 
return FibVal;
}

x0 = Min(xSp0,xRp0)-Back;
x1 = (BarCount -1);
//////////////////////////////////////////////////////////////////
r236 = fib(0.236);	r236I = LastValue (r236,1);
r382 = fib(0.382);	r382I = LastValue (r382,1);
r050 = fib(0.50);		r050I = LastValue (r050,1);
r618 = fib(0.618);	r618I = LastValue (r618,1);
r786 = fib(0.786);	r786I = LastValue (r786,1);
e127 = fib(1.27);		e127I = LastValue (e127,1);
e162 = fib(1.62);		e162I = LastValue (e162,1);
e200 = fib(2.00);		e200I = LastValue (e200,1);
e262 = fib(2.62);		e262I = LastValue (e262,1);
e424 = fib(4.24);		e424I = LastValue (e424,1);
//////////////////////////////////////////////////////////////////
p00 = IIf(xSp0 > xRp0,ySp0,yRp0); 	p00I = LastValue (p00,1);
p100 = IIf(xSp0 < xRp0,ySp0,yRp0); 	p100I = LastValue (p100,1);
color00 =IIf(xSp0 > xRp0,colorLime,colorRed);
color100 =IIf(xSp0 < xRp0,colorLime,colorRed);
//////////////////////////////////////////////////////////////////
numbars = LastValue(Cum(Status("barvisible")));
fraction= IIf(StrRight(Name(),3) == "", 3.2, 3.2);
//////////////////////////////////////////////////////////////////
if(fibs==1)
{
Plot(LineArray(xRp0-Fwd,yRp0,x1,yRp0,Back),"PR",32,8|styleNoRescale,Null, Null,Fwd);
Plot(LineArray(xSp0-Fwd,ySp0,x1,ySp0,Back),"PS",27,8|styleNoRescale,Null, Null,Fwd);
}

prev=AMA2(C,1,0);
d=IIf(C>Ref(Max(Max(H,Ref(H,-20)),Max(Ref(H,-10),Ref(H,-15))),-1),Min(Min(L,Ref(L,-20)),Min(Ref(L,-10),Ref(L,-15))),
  IIf(C<Ref(Min(Min(L,Ref(L,-20)),Min(Ref(L,-10),Ref(L,-15))),-1),Max(Max(H,Ref(H,-20)),Max(Ref(H,-10),Ref(H,-15))),PREV));
a=Cross(Close,d);
b=Cross(d,Close);
state=IIf(BarsSince(a)<BarsSince(b),1,0);
s=state>Ref(state,-1);
ss=state<Ref(state,-1);
sss=state==Ref(state,-1);
col=IIf(state == 1 ,51,IIf(state ==0,4,1));
Plot(C,"",Col,128);
PlotShapes( shapeUpArrow * s ,6,0,L); 
PlotShapes( shapeDownArrow *ss ,4,0,H);
Buy=S;
Sell=SS;
Filter =  s OR sss OR sss  ;
AddColumn(C,"close",1.2);
AddColumn( IIf( s, 66,1 ), "buy", formatChar, 1, bkcolor =IIf (s,colorYellow, colorPink ));
AddColumn( IIf( Ss, 83,1 ), "sell", formatChar, 1, bkcolor =IIf (Ss,colorPink, colorYellow ));
AddColumn( IIf( sss, 87,1 ), "wait", formatChar, 1, bkcolor =IIf (sss,colorYellow, colorRed ));
                            
_SECTION_BEGIN("");
_N(Title = "{{NAME}} - {{INTERVAL}} {{DATE}}: "+_DEFAULT_NAME()+" : {{OHLCX}} {{VALUES}}" 
+"\n"+EncodeColor(colorBlack)+
WriteIf(s,"EXIT all Short positions\nif trading long positions, enter long Now-\nOR at the market price on tomorrow's Open with stop="+EncodeColor(4)+WriteVal(L+.75*ATR(5),1.4)+",","")+
WriteIf(ss,"exit all long positions today with a Market On Close (MOC) order\nOR at the market price on tomorrow's Open with stop="+EncodeColor(4)+WriteVal(Ref(H+.75*ATR(5), -1),1.4)+",","")+ 
WriteIf( sss ,"No trading signals today.","") );

/* Done      by    Rajandran R */
/* Author of www.marketcalls.in  */

// Paste the code below to your price //
//chart somewhere and green ribbon means//
//both MACD and ADX trending up so if //
//the red ribbon shows up the MACD and ///
//the ADX are both trending down.

_SECTION_BEGIN("trending ribbon");
uptrend=PDI()>MDI()AND Signal()<MACD();
downtrend=MDI()>PDI()AND Signal()>MACD();


Plot( 2, /* defines the height of the ribbon in percent of pane width
*/"ribbon",
IIf( uptrend, colorGreen, IIf( downtrend, colorRed, 0 )), /* choose color */
styleOwnScale|styleArea|styleNoLabel, -0.5, 100 );

_SECTION_END();

13 comments

1. kv_maligi

Its very good system with sup/res, that too with Fib logic. Since BB are real time indicator, its gives really nice signals for buy/sell. what about targets? Please help on this

Thanks
Viswanath

2. anandnst

Yes, Mr Kv_Maligi .. i have added support and resistance with buy-sell arrows and ribbon to this system. Just track the buy/sell arrow with support resistance , u will get gr8 results.

3. anandnst

i also added ATR to this system to give best results. Match the Ribbon colour with buy/sell arrows. If Ribbon is blue … Giving buy arrow… then go for the signal. If ribbon is red.. giving u sell arrow .. then Sell.

4. archrishi

ITS GIVING ERROR

5. NEERAJ14

Unable to tun this AFL

Shall i use new version of Amibroker ? My Version is 5.20 RC1
I am unable to Run this AFL
Getting the attached errors ? Can some one please assist me.

Error#1
PlotOHLC( bbt, bbt, bbb, bbb, "",ColorBlend(

Error31,
Syntax error, expecting ‘)’ or ‘,’


-————————————————————-

Error#2

return FibVal;
}
Error32.
Syntax error, Probably missing semicolon at the end of the previou line.

6. anandnst

NO ERRORAFL IS WORKING FINE IN AMIBROKER VERSION 5.50

7. ravi_k

HI anand!!
Can u please provide some free chart site..whereby i can use this formulas

8. anandnst

Ravi, u can use the formula in Ambroker only. Not on any free chart site.

9. spsanu

Hi

I am getting error on line 12
Ln:12 COL:45:error 31. syntax error, expecting’)‘or ’,’

kindly help

10. anandnst

NO ERRORAFL IS WORKING FINE IN AMIBROKER VERSION 5.50

11. morgen

Very useful!
Thank You

12. anandnst

ya it is useful

13. rob hoot

Why is this useful when it “looks into the future”?

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