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High/Low MA/EMA indicator for Amibroker (AFL)
Rating:
3 / 5 (Votes 3)
Tags:
amibroker, bands, timeframe
Hi folks,
This is a MA/EMA indicator which works on 5 minutes to 1 hour time frame. You need not change any parameter, it will adjust itself.
At this point, I haven’t incorporated any buy/sell arrows, but once you see the chart, it will be self explanatory. I made it for Nifty/Banknifty charts, may work on others too.
Bollinger band and 5 day low/high EMAs are inbuilt in this code, you will need to enable them in parameter section to see them. You won’t see them in the screen shot.
The code is a bit of mess now, I will clean it up at later stage along with buy/sell arrows.
Enjoy!
Screenshots
Indicator / Formula
Copy & Paste Friendly
_SECTION_BEGIN("Price");
SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{VALUES}}", SelectedValue( ROC( C, 1 ) ) ));
Plot( C, "Close", ParamColor("Color", colorDefault ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() );
_SECTION_END();
TF = Interval();
Dayema=Param("dayema",0,0,1);
LT=Param("LT",1,0,1);
BB=Param("BB",0,0,1);
TimeFrameSet (inDaily);
EMA5DH=(EMA(H,5)+(EMA(C,5)*.00375));
EMA5DC=EMA(C,5);
EMA5DL=(EMA(L,5)-(EMA(C,5)*.00375));
TimeFrameRestore();
if (TF==1800) {
BBML=MA(L,21);
BBMC=MA(C,21);
BBMH=MA(H,21);
UP=EMA(H,69);
NUTRAL=EMA(C,69);
DOWN=EMA(L,69);
Bias=EMA(C,25);
Plot( BBMC, "BBMC", colorGold );
Plot (UP, "Up",colorGreen);
Plot (NUTRAL, "Nutral",colorBlue);
Plot (DOWN, "Down",colorRed);
//Plot (EMA53C, "ema53C", colorBrightGreen,styleDashed);
if (dayema == 1) {
Plot (TimeFrameExpand(EMA5DH,inDaily),"5DH",colorPaleGreen,styleDashed);
Plot (TimeFrameExpand(EMA5DC,inDaily),"5DH",colorLightBlue,styleDashed);
Plot (TimeFrameExpand(EMA5DL,inDaily),"5DH",colorOrange,styleDashed);
}
if (BB == 1) {
Plot( BBandTop( C, 21, 2.2 ),"BBTop", colorLightGrey);
Plot( BBandBot( C, 21, 2.2 ), "BBBot", colorLightGrey);
}
}
else if (TF==900) {
BBML=MA(L,21);
BBMC=MA(C,21);
BBMH=MA(H,21);
UP=EMA(H,135);
NUTRAL=EMA(C,135);
DOWN=EMA(L,135);
BiasU=EMA(H,44);
BiasN=EMA(C,44);
BiasD=EMA(L,44);
Plot( BBMH, "BBMH", colorCustom15 );
//Plot( BBMC, "BBMC", colorGold );
Plot( BBML, "BBML", colorCustom16 );
Plot (UP, "Up",colorGreen);
//Plot (NUTRAL, "Nutral",colorBlue);
Plot (DOWN, "Down",colorRed);
Plot (BiasU, "BiasU", colorCustom9,styleDashed);
//Plot (BiasN, "BiasN", colorCustom11,styleDashed);
Plot (BiasD, "BiasD", colorCustom12,styleDashed);
if (dayema == 1) {
Plot (TimeFrameExpand(EMA5DH,inDaily),"5DH",colorPaleGreen,styleDashed);
Plot (TimeFrameExpand(EMA5DC,inDaily),"5DH",colorLightBlue,styleDashed);
Plot (TimeFrameExpand(EMA5DL,inDaily),"5DH",colorOrange,styleDashed);
}
if (BB==1) {
Plot( BBandTop( C, 21, 2.2 ),"BBTop", colorLightGrey);
Plot( BBandBot( C, 21, 2.2 ), "BBBot", colorLightGrey);
}
}
else if (TF==600) {
BBML=MA(L,22);
BBMC=MA(C,22);
BBMH=MA(H,22);
UP=EMA(H,200);
NUTRAL=EMA(C,200);
DOWN=EMA(L,200);
BiasU=EMA(H,67);
BiasN=EMA(C,67);
BiasD=EMA(L,67);
Plot( BBMH, "BBMH", colorCustom15 );
//Plot( BBMC, "BBMC", colorGold );
Plot( BBML, "BBML", colorCustom16 );
Plot (UP, "Up",colorGreen);
//Plot (NUTRAL, "Nutral",colorBlue);
Plot (DOWN, "Down",colorRed);
Plot (BiasU, "BiasU", colorCustom9,styleDashed);
//Plot (BiasN, "BiasN", colorCustom11,styleDashed);
Plot (BiasD, "BiasD", colorCustom12,styleDashed);
if (dayema == 1) {
Plot (TimeFrameExpand(EMA5DH,inDaily),"5DH",colorPaleGreen,styleDashed);
Plot (TimeFrameExpand(EMA5DC,inDaily),"5DH",colorLightBlue,styleDashed);
Plot (TimeFrameExpand(EMA5DL,inDaily),"5DH",colorOrange,styleDashed);
}
if (BB==1) {
Plot( BBandTop( C, 21, 2.2 ),"BBTop", colorLightGrey);
Plot( BBandBot( C, 21, 2.2 ), "BBBot", colorLightGrey);
}
}
else if (TF==300) {
BBML=MA(L,44);
BBMC=MA(C,44);
BBMH=MA(H,44);
UP=EMA(H,385);
NUTRAL=EMA(C,385);
DOWN=EMA(L,385);
BiasU=EMA(H,135);
BiasN=EMA(C,135);
BiasD=EMA(L,135);
Plot( BBMH, "BBMH", colorCustom15 );
//Plot( BBMC, "BBMC", colorGold );
Plot( BBML, "BBML", colorCustom16 );
Plot (UP, "Up",colorGreen);
//Plot (NUTRAL, "Nutral",colorBlue);
Plot (DOWN, "Down",colorRed);
Plot (BiasU, "BiasU", colorCustom9,styleDashed);
//Plot (BiasN, "BiasN", colorCustom11,styleDashed);
Plot (BiasD, "BiasD", colorCustom12,styleDashed);
if (dayema == 1) {
Plot (TimeFrameExpand(EMA5DH,inDaily),"5DH",colorPaleGreen,styleDashed);
Plot (TimeFrameExpand(EMA5DC,inDaily),"5DH",colorLightBlue,styleDashed);
Plot (TimeFrameExpand(EMA5DL,inDaily),"5DH",colorOrange,styleDashed);
}
if (BB == 1) {
Plot( BBandTop( C, 44, 2.3 ),"BBTop", colorLightGrey);
Plot( BBandBot( C, 44, 2.3 ), "BBBot", colorLightGrey);
}
}
else if (TF==3600) {
if (LT == 1) {
BBML=EMA(L,44);
BBMC=EMA(C,44);
BBMH=EMA(H,44);
UP=EMA(H,375);
NUTRAL=EMA(C,375);
DOWN=EMA(L,375);
BiasU=EMA(H,155);
BiasN=EMA(C,155);
BiasD=EMA(L,155);
Plot( BBMH, "BBMH", colorCustom15 );
//Plot( BBMC, "BBMC", colorGold );
Plot( BBML, "BBML", colorCustom16 );
//Plot (UP, "Up",colorGreen);
//Plot (NUTRAL, "Nutral",colorBlue);
//Plot (DOWN, "Down",colorRed);
Plot (BiasU, "BiasU", colorCustom9,styleDashed);
//Plot (BiasN, "BiasN", colorCustom11,styleDashed);
Plot (BiasD, "BiasD", colorCustom12,styleDashed);
if (dayema == 1) {
Plot (TimeFrameExpand(EMA5DH,inDaily),"5DH",colorPaleGreen,styleDashed);
Plot (TimeFrameExpand(EMA5DC,inDaily),"5DH",colorLightBlue,styleDashed);
Plot (TimeFrameExpand(EMA5DL,inDaily),"5DH",colorOrange,styleDashed);
}
if (BB==1) {
Plot( BBandTop( C, 44, 2.3 ),"BBTop", colorLightGrey);
Plot( BBandBot( C, 44, 2.3 ), "BBBot", colorLightGrey);
}
}
else {
UP=EMA(H,40);
NUTRAL=EMA(C,40);
DOWN=EMA(L,40);
Bias=EMA(C,11);
Plot (UP, "Up",colorGreen);
Plot (NUTRAL, "Nutral",colorBlue);
Plot (DOWN, "Down",colorRed);
//Plot (Bias, "Bias", colorBrightGreen,styleDashed);
if (BB==1) {
Plot( BBandTop( C, 20, 2 ),"BBTop", colorLightGrey);
Plot( BBandBot( C, 20, 2 ), "BBBot", colorLightGrey);
}
}
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BEST RESULT TO ME IN MCX GOLD 5 MINUTE TIME FROM High/Low MA/EMA indicator
I’m sorry I did not understand the essence, you could not explain?
@Atlasraketa,
Dear friend,
The concept is that, once the prices are above high MA/EMA lines, they tend to go up and below low MA/EMA lines, the reverse effect takes place. You need to choose time frame convenient to you. There are multiple MA/EMA lines given in the plot which may work as resistance/support levels. A little bit of observation will help you understand the concept yourself.
Thanks,
koyickal, thank you! I think I understand a little about your idea.
One more question, what show dayema line?
Developers need parameters setting I require few parameters setup for any AFls we use just like drop on any Afl and if i select parameters will control afl.
Like if i say in parameters (intra-day )
than it will close trades by 3.15 and show my open positions to be closed on back testing reports.
Like wise 3 more condition and to help the matter I have written Afls also but you just need to integrate.
Thanks,
Viral
dalalviral@yahoo.com
@Atlasraketa
It’s 5 day low, close and High EMA levels. Once the day closes above 5 Day high EMA, the market said to be trending higher. Closing below low EMA has reverse effect.
Thanks,