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EMA Cross Over for Amibroker (AFL)
almost 10 years ago
Amibroker (AFL)

5 / 5 (Votes 1)
trading system, amibroker
The formula is meant to work with Buystops and Sellstops at the previous days 7d-ema crossovers. Appears to work well with long trades in about 20% of the SPX. Designed for weekly traders.

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Indicator / Formula

Copy & Paste Friendly
// EMA Cross
Plot( Close, "Price", colorBlack, styleCandle ); 
Plot(EMA( Close,range1), "7d-ema", colorRed );  
Buy = Cross((Close),(EMA(Close,range1))); 
Buystop = Ref(EMA(Close,range1),-1); 
BuyPrice = Max(Buystop,Low); 
Sell = Cross(EMA(Close,range2),(Close)); 
Sellstop = Ref(EMA(Close,range1),-1); 
SellPrice = Min(sellstop,High); 
Short = Sell; 
Cover = Buy;


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