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Horizontal Line for Amibroker (AFL)

Rating:
5 / 5 (Votes 3)
Tags:
amibroker, support, resistance

1. Copy the AFL to amibroker formula folder
2. Start Amibroker, You should now see the
Price_Horizontal_line.AFL in
the charts menu.
3. drag and drop the AFL in new blank chart.
4. From the insert menu add horizontal line.
5. Double click the horizontal line and change label as RE.
6. add another another horizontal menu and label it as SU.
7. Now, you should see the Buy/Sell signal

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Indicator / Formula

Copy & Paste Friendly
//www.aayvu.com buy/sell signals
Plot(C, "Price", colorBlack, styleCandle ); 
su = Study("SU", GetChartID() ); 
re = Study("RE", GetChartID() ); 
PlotOHLC( re,  re,  su, su, "", colorYellow,styleCloud );
Buy = Cross( Close , Study("SU", GetChartID()) );
Sell = Cross( Study( "RE" , GetChartID()), Close );
Buy=ExRem(Buy,Sell);
Sell=ExRem(Sell,Buy);
PlotShapes( Buy * shapeUpTriangle + Sell * shapeDownTriangle, IIf( Buy, colorGreen, colorRed ), Offset = -1);

5 comments

1. czar1403

no Buy/Sell signal did not shown

2. administrator

You need to read the description properly.

3. mbzd

I applied what was told but i see only a yellow plotted area between horizontal lines.
I didnt see any buy-sell signals.???

4. mhjwisestocktrader

salaam,
there is problem.
the lines disappear when i change type to su or re
thanks

5. sinhasaptarshi

Sir, I am a new trader. I want to setup the following strategy. Pls, help me for the AFL code.

1)Select 50 stocks. Draw 2 trend line named RE, SU on each stock .it’s like resistance and support. This 2 line will draw by user randomly. It’s not based on any calculation.
2)when price / EMA touch or cut the trend line ( RE) from below the line Buy call will generate.
3)when price / EMA touch or cut the trend line ( SU) from above the line Sell call will generate.
4) Real time automated Alert required of the Group of Stock.

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