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#1 Selling Amibroker Plugin featuring:
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Wave Indicator for Amibroker (AFL)
Rating:
3 / 5 (Votes 6)
Tags:
trading system, amibroker, zigzag
This indicator can tell you where the best level to buy or sell.
Screenshots
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Indicator / Formula
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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 | _SECTION_BEGIN("wave");SetChartOptions(1, chartShowDates); pr = Param("ZZ", 5, 1, 100); EWpk = PeakBars(H, pr, 1) == 0;EWtr = TroughBars(L, pr, 1) == 0;zz = Zig(C, pr);zzHi = Zig(H, pr);zzLo = Zig(L, pr);Avg = (zzHi+zzLo)/2;RetroSuccessSecret = IIf(EWpk, zzHi, IIf(EWtr, zzLo, IIf(Avg > Ref(Avg,-1), H, L)));EW = Zig(RetroSuccessSecret, pr);Plot(C, "Close", colorBlack, styleCandle);Plot(EW, "wave", colorBlue, styleThick);Buy = TroughBars(EW, pr, 1) == 0;Sell = PeakBars(EW, pr, 1) ==0;Buy = ExRem(Buy, Sell);Sell = ExRem(Sell, Buy);PlotShapes( shapeUpArrow * Buy, colorGreen, 0, Low );PlotShapes( shapeDownArrow * Sell, colorRed, 0, High );_SECTION_END(); |
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A warning to everyone this indicator uses ZigZag so the result going forward are not reproducible.
Hello Nicotan, your indicator is good, It would be more better if u try to add a trailing stop-loss & set target points to it..cheers!!!
your indicator is good