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single candle diverson for Amibroker (AFL)

Rating:
2 / 5 (Votes 3)
Tags:
trading system, amibroker, exploration

hi its my 1st afl..

based on rsi and nd candles high low diversons……

two types of trade signals…double arrows are trendwise signals…nd single arrow is against the trend…

best use in daily timeframe…

you need some more basic analysis before going in trade…

working more on it….

Indicator / Formula

Copy & Paste Friendly
_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("Price");
c1 = RSI(14) ;
C2 = 

Short1 =  C1 < Ref(C1,-1) AND H > Ref(H,-1) ;
Buy1 =  C1 > Ref(C1,-1) AND L < Ref(L,-1) ;

PlotShapes(short1*shapeDownArrow,colorRed,0,H,-12);
PlotShapes(buy1*shapeUpArrow,colorBlue,0,L,-12);

Plot(EMA(C,20),"",IIf(EMA(C,20)>Ref(EMA(C,20),-1),colorLime,colorRed),styleLine);
Plot(BBandTop(C,20,2),"",colorWhite,styleLine);
Plot(BBandBot(C,20,2),"",colorWhite,styleLine);

Short2 = Short1 AND (EMA(C,20)<Ref(EMA(C,20),-1) OR EMA(C,50)<Ref(EMA(C,50),-1) OR MA(C,50)<Ref(MA(C,50),-1));
Buy2 = Buy1 AND (EMA(C,20)>Ref(EMA(C,20),-1) OR EMA(C,50)>Ref(EMA(C,50),-1) OR MA(C,50)>Ref(MA(C,50),-1)) ;
PlotShapes(short2*shapeDownArrow,colorYellow,0,H,-22);
PlotShapes(buy2*shapeUpArrow,colorRed,0,L,-22);

Filter  = Buy1 == 1 OR Short1 == 1 OR Buy2 == 1 OR Short2 == 1;
AddColumn(Buy1,"Buy1",1,colorWhite,IIf(Buy1==0,colorWhite,colorLime)) ; 
AddColumn(Short1,"Short1",1,colorWhite,IIf(Short1==0,colorWhite,colorRed)) ; 
AddColumn(Buy2,"Buy2",1,colorWhite,IIf(Buy2==0,colorWhite,colorLime)) ; 
AddColumn(Short2,"Short2",1,colorWhite,IIf(Short2==0,colorWhite,colorRed)) ;
_SECTION_END();

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