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ATR Breakouts for Amibroker (AFL)

3 / 5 (Votes 3)
amibroker, channel

Uses ATR channel breakouts. Excellent one for positional trades and not suitable for intraday

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Indicator / Formula

Copy & Paste Friendly
Plot( C, "Close", colorBlack, styleNoTitle | ParamStyle("Style") | GetPriceStyle() );

P = ParamField("Price field",-1);
Periods = Param("Periods", 50, 2, 300, 1, 10 );
Plot( EMA( P, Periods ), _DEFAULT_NAME(), ParamColor( "Color", colorCycle ), ParamStyle("Style")|styleNoTitle ); 

Plot( EMA(Close,50) + (2*ATR(20)), "Long Entry Threshold", colorGreen, styleLine|styleThick );
Plot( EMA(Close,50) - (2*ATR(20)), "Short Entry Threshold", colorRed, styleLine|styleThick );

Plot( EMA(Close,50) + (ATR(20)), "Short Stop Loss", colorViolet, styleLine|styleDashed );
Plot( EMA(Close,50) - (ATR(20)), "Long Stop Loss", colorBrown, styleLine|styleDashed );


1. sutharnehal

can you please tell us how to use this? thanks!

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