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TSL & Chandelier Exit for Amibroker (AFL)

Rating:
3 / 5 (Votes 6)
Tags:
trading system, amibroker, stop loss

Is a Trailing Stop Loss. A combination between TSL Chandelier Style and
TSL Metastock Style.

Screenshots

Indicator / Formula

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// CHANDELIER EXIT

//LISTING 1
Version(5.20); // requires v5.20  
SetBarsRequired(sbrAll);  
 
// get start date  
//Start = Cross( DateNum(), ParamDate("Start date", "2000-01-04" ) ); 
Start = Cross(MACD(),Signal()) ;  
Started = Flip( Start, 0 );  
 
//StopMode = ParamList("Stop Mode", "Fixed|Chandelier|Modified ATR" ); 
//StopMode = ParamList("Stop Mode", "Chandelier|Modified ATR|Fixed" ); 
StopMode = ParamList("Stop Mode", "Chandelier" );    
//StopLevel = Param("FixedPerc %", 3, 0.1, 50, 0.1)/100;  
//StopATRFactor = Param("ATRmultiple", 2, 0.5, 10, 0.1 ); 
  
StopATRPeriod = Param("ATRperiod", 5, 3, 50 ); 
//StopATRFactorRes = Param("kATRres", 3, 0.1, 10, 0.1 ); 
//StopATRFactorSup = Param("kATRsup", 3, 0.1, 10, 0.1 ); 
LkBkPer= Param ("LkBkPer",10,1,20,1);
 
// calculate support and resistance levels  
if( StopMode == "Fixed" ) // fixed percent trailing stop  
{  
 sup = C * ( 1 - stoplevel );  
 res = C * ( 1 + stoplevel );  
}  
else // Chandelier ATR-based stop  
if( StopMode == "Chandelier" )  
{ 
 //sup = C - StopATRFactor * ATR( StopATRPeriod ); //ORIGINAL 
 //res = C + StopATRFactor * ATR( StopATRPeriod ); //ORIGINAL 
 
 //sup = C - StopATRFactorSup * ATR( StopATRPeriod );  
 //res = C + StopATRFactorRes * ATR( StopATRPeriod );  
 
//Chandelier Exit (long) = 22-day High - ATR(22) x 3 ; //TEORIA CHUCK LEBEAU
//Chandelier Exit (short) = 22-day Low + ATR(22) x 3 ; //TEORIA CHUCK LEBEAU

//MSupp= (LLV(HHV(H,ATRper)-ATR(ATRper),LkBkPer)) ; //STIL METASTOCK
//MRes= (HHV(LLV(L,ATRper)+ATR(ATRper),LkBkPer)) ; //STIL METASTOCK

sup= (LLV(HHV(H,StopATRPeriod)-ATR(StopATRPeriod),LkBkPer)) ; //STIL METASTOCK
res= (HHV(LLV(L,StopATRPeriod)+ATR(StopATRPeriod),LkBkPer)) ; //STIL METASTOCK

 }  
else  
{  
 HL = H - L;  
 MAHL =  1.5 * MA( HL, StopATRPeriod );  
 HiLo = IIf( HL < MAHL, HL, MAHL );  
 H1 = Ref( H, -1 );  
 L1 = Ref( L, -1 );  
 C1 = Ref( C, -1 );  
 Href = IIf( L <= H1, H - C1, ( H - C1 ) - ( L - H1 ) / 2 );  
 Lref = IIf( H >= L1, C1 - L, ( C1 - L ) - ( L1 - H ) / 2 );  
 
 diff1 = Max( HiLo, HRef );  
 diff2 = Max( diff1, LRef );  
 
 ATRmod = Wilders( diff2, StopATRPeriod );  
    
 sup = C - StopATRFactor * ATRmod ;  
 res = C + StopATRFactor * ATRmod ;  
}  
 
// calculate trailing stop line  
CHtrailARRAY = Null;  
CHtrailstop = 0;  
for( i = 1; i < BarCount; i++ )  
{  
 if( Started[ i ] == 0 ) continue;  
 
 if( C[ i ] > CHtrailstop AND C[ i - 1 ] > CHtrailstop )  
   CHtrailstop = Max( CHtrailstop, sup[ i ] );  
 else  
 if( C[ i ] < CHtrailstop AND C[ i - 1 ] < CHtrailstop )  
    CHtrailstop = Min( CHtrailstop, res[ i ] );  
 else  
   CHtrailstop = IIf( C[ i ] > CHtrailstop, sup[ i ], res[ i ] );        
 
 CHtrailARRAY[ i ] = CHtrailstop;  
} 

 CHtrailcol= IIf(C>=CHtrailARRAY,colorBlue,colorRed) ;
 Plot( CHtrailARRAY,"\nChandelierMY", CHtrailcol, styleLine+styleThick ); 
 
// generate buy/sell signals based on crossover with trail stop line 
/* 
Buy = C>CHtrailArray ;  
Sell = CHtrailArray>C ; 
Buy= ExRem(Buy,Sell) ;
Sell= ExRem(Sell,Buy) ;
 
PlotShapes(Buy*shapeUpArrow,colorBlue,0,trailarray);  
PlotShapes(Sell*shapeDownArrow,colorRed,0,trailarray);  */
 
//Plot( Close,"Price",colorBlack,styleBar);

//XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX HEIKIN ASHI EXACT FORMULA DERZI BEGIN DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD

_SECTION_BEGIN("HA Looping ( no AMA() )");
SetChartOptions(0,chartShowArrows|chartShowDates);
///////////////////////////////////////////////////////////
//
// Heikin Ashi - Calculated Properly with no use of AMA
//
// JF Derzi, December 2012
//
//

HaClose[0] = (Open[0]+High[0]+Low[0]+Close[0]) / 4;
HaOpen[0]  = (HaClose[0] + Open[0]) / 2;
HaHigh[0]  = Max( High[0], Max( HaClose[0], HaOpen[0] ) );
HaLow[0]   = Min( Low[0], Min( HaClose[0], HaOpen[0] ) );

for (i=1; i<BarCount; i++)
	{
	HaClose[i] = (Open[i]+High[i]+Low[i]+Close[i]) / 4;
	Haopen[i]  = (HaClose[i-1] + HaOpen[i-1]) / 2; // Here is the problem when using Arrays: Haopen always uses its own previous value
	HaHigh[i]  = Max( High[i], Max( HaClose[i], HaOpen[i] ) );
	Halow[i]   = Min( Low[i], Min( HaClose[i], HaOpen[i] ) );
}

//PlotOHLC( HaOpen, HaHigh, HaLow, HaClose, "HA", colorBlack, styleCandle );

barcolorha = IIf(HaClose>=HaOpen,colorGreen,colorRed);
SetBarFillColor(IIf(HaClose>=HaOpen,colorBrightGreen,colorOrange));
PlotOHLC( HaOpen, HaHigh, HaLow, HaClose, "\nHeikinAshiDerzi", barcolorha, styleCandle );

//Title = Name()+" "+Date()+" Heikin Ashi -- HaOpen:"+NumToStr(HaOpen,1.2,True)+" / HaHigh:"+NumToStr(HaHigh,1.2,True)+
//        " / HaLow:"+NumToStr(Halow,1.2,True)+" HaClose:"+NumToStr(Haclose,1.2, True);

_SECTION_END();

HAup= HaClose>=HaOpen ;
haDelta= HaClose-HaOpen ;
MA3haDelta= MA(haDelta,3) ;
haDeltaUpMA3= Hadelta>MA(Hadelta,3) ;
MyHAup= (Hadelta>MA(Hadelta,3) OR MA(Hadelta,3)>0) ;
haDeltaUp0= haDelta>0 ;

//XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX HEIKIN ASHI EXACT FORMULA DERZI END DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD

//PRICE

_SECTION_BEGIN("Price");
//SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%)Vol " +
            WriteVal( V, 1.0 ) + " {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 )) ));
//Plot( C, "", ParamColor("Color", colorBlack ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() ); 

//barcolorc= IIf(C>O AND C>Ref(C,-1), colorBlue,
//           IIf(C<O AND C<Ref(C,-1), colorRed, colorTan)); //MODEL MODEL MODEL 3 CULORI
//SetBarFillColor( IIf(C>O AND C>Ref(C,-1), colorBrightGreen,
//                 IIf(C<O AND C<Ref(C,-1), colorOrange, colorTan))); //MODEL MODEL MODEL 3 CULORI
//Plot( C, "", barcolorc, styleNoTitle | ParamStyle("Style") | GetPriceStyle() ); 
//Plot( C, "", barcolorc, styleBar+styleThick );
_SECTION_END(); 
//xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
 
//SetBarFillColor( colorYellow );  
//Plot( trailARRAY,"trailing stop level", colorRed, styleLine ); 
//Plot( trailARRAY,"trailing stop level", colorRed, 8+16 ); 
//trailcol= IIf(C>=trailARRAY,colorBlue,colorRed) ;
//Plot( trailARRAY,"\nTSL", colorBlue, styleLine+styleThick ); 
//Plot( trailARRAY,"\nTSL", trailcol, styleLine+styleThick ); 
//Plot( trailARRAY,"\nChandelier", trailcol, 8+16 ); 
//Plot( trailARRAY,"\nChandelierHHV(C)&LLV(C)", trailcol, styleLine+styleThick ); 

//Buy = C>trailArray ;  
//Sell = trailArray>C ; 
//Buy= ExRem(Buy,Sell) ;
//Sell= ExRem(Sell,Buy) ;
 
//PlotShapes(Buy*shapeUpArrow,colorBlue,0,trailarray);  
//PlotShapes(Sell*shapeDownArrow,colorRed,0,trailarray);

CpCh= C>CHtrailArray ;  
VdCh= C<CHtrailArray ; 
//xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

//TRENDING RIBBON

// Paste the code below to your price chart somewhere and green ribbon means both
// both MACD and ADX trending up so if the red ribbon shows up the MACD and the ADX 
// are both trending down.
_SECTION_BEGIN("trending ribbon");
uptrend= (PDI()>MDI() AND MACD()>Signal()) ;
downtrend=MDI()>PDI() AND Signal()>MACD();
Plot( 3, /* defines the height of the ribbon in percent of pane width */"",
    IIf(uptrend ,colorBrightGreen,IIf(downtrend ,colorRed,colorTan)),styleOwnScale|styleArea|styleNoLabel,-0.5,100 );
_SECTION_END();
//xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

//GRAPHIC MODIFIED BULL&BEAR VOLUME CHYNTHIA

_SECTION_BEGIN("BullBearVolume");
 
C1 = Ref(C, -1);
uc = C > C1; dc = C <= C1;
ud = C > O; dd = C <= O;
 
green = 1; blue = 2; yellow = 3; red = 4; white = 5;

VType = IIf(ud,             
            IIf(uc, green, yellow),
         IIf(dd, 
            IIf(dc, red, blue), white));
 
 
gv = IIf(VType == green, V, 0); 
yv = IIf(VType == yellow, V, 0); 
rv = IIf(VType == red, V, 0); 
bv = IIf(VType == blue, V, 0); 
 
uv = gv + bv; uv1 = Ref(uv, -1); /* up volume */
dv = rv + yv; dv1 = Ref(dv, -1); /* down volume */
 
/* create moving average period parameters */
VolPer = Param("Adjust Vol. MA per.", 21, 1, 255, 1);
ConvPer = Param("Adjust Conv. MA per.", 7, 1, 255, 1);
 
/* create triple exponential moving avearges of separate up and down volume moving averages */
MAuv = TEMA(uv, VolPer ); mauv1 = Ref(mauv, -1);
MAdv = TEMA(dv, VolPer ); madv1 = Ref(madv, -1);
MAtv = TEMA(V, VolPer );//total volume
 
/* Switch for Horizontal lines indicating current level of positive and negative volume
    for ease in comparing to past highs/lows - toggle via parmameter window */
OscillatorOnly = Param("ShowOscillatorOnly", 0, 0, 1, 1);
CompareBullVolume = Param("ShowBullLevel", 1, 0, 1, 1);
if(CompareBullvolume AND !OscillatorOnly){
//Plot(SelectedValue(MAuv), "", colorGreen, styleLine);
}
 
CompareBearVolume = Param("ShowBearLevel", 1, 0, 1, 1);
if(CompareBearVolume AND !OscillatorOnly){
//Plot(SelectedValue(MAdv), "", colorRed, styleLine);
}
 
/* Volume Segment Switches - toggle via parameter window */
bullvolume = Param("ShowBullVolume", 1, 0, 1, 1);
bearvolume = Param("ShowBearVolume", 1, 0, 1, 1);
totalvolume = Param("ShowTEMA(TotalVolume)", 1, 0, 1, 1);
 
/* plot volume lines and histograms if toggled on: */
bearToFront = Param("ShowBearVolinFront", 0, 0, 1, 1);
if(bearToFront AND !OscillatorOnly){
//Plot(MAdv, "", colorRed, styleNoLabel);
}
if(bullvolume AND !OscillatorOnly){
//Plot(MAuv, "AverageBullVolume", colorGreen, styleThick+styleNoLabel);
}
if(bearvolume AND !OscillatorOnly){
//Plot(MAdv, "AverageBearVolume", colorRed, styleThick+styleNoLabel);
}
if(bearvolume AND !OscillatorOnly){
//Plot(MAdv, "", colorOrange, styleNoLabel);
//PlotOHLC( 0 , MAdv , 0 , MAdv , "", colorOrange, styleCloud | styleNoRescale|styleNoLabel);

}
if(bullvolume AND !OscillatorOnly){
//Plot(MAuv, "", colorLime, styleNoLabel);
//PlotOHLC( 0 , MAuv , O ,MAuv , "", colorLime, styleCloud | styleNoRescale|styleNoLabel);

}
if(totalVolume AND !OscillatorOnly){
//Plot(MAtv, "TEMA(TotalVolume)", colorLightBlue );
//PlotOHLC( 0 , MAtv , 0 , MAtv , "", colorLightBlue, styleCloud | styleNoRescale|styleNoLabel);
 
}

/*
Buy=Cross(MAuv,MAdv);
Sell=Cross(MAdv,MAuv);
PlotShapes(IIf(Buy,shapeUpArrow,shapeNone) ,colorBlue);
PlotShapes(IIf(Sell,shapeDownArrow,shapeNone),colorRed);
Filter=Buy OR Sell;
Buy=ExRem(Buy,Sell); Sell=ExRem(Sell,Buy);
*/

//AddColumn(Close,"Close");AddColumn(Volume,"Total Volume");AddColumn(Buy,"Buy"); AddColumn(Sell,"sell"); 
 
/* better visibility of zero line: */
//Plot(0, "", colorViolet, 1);
 
/* Rise/Fall Convergence variables:  */
Converge = (TEMA(MAuv - MAdv, ConvPer));
Converge1 = Ref(Converge, -1);
ConvergeUp = Converge > Converge1;
ConvergeOver = Converge > 0;
rising = ConvergeUp AND ConvergeOver;
falling = !ConvergeUp AND ConvergeOver;
 
/* Rise/Fall Convergence Oscillator Switch  - toggle via parameter window - (provides a better view
      of resulting combination of battling bull/bear volume forces) */
convergenceOscillator = Param("Show Oscillator", 0, 0, 1, 1);
if(convergenceOscillator OR OscillatorOnly){
//Plot(Converge, "AmimalsWar", colorBrown, 1|styleLeftAxisScale|styleNoLabel|styleThick);
//Plot(0,"", colorViolet, 1|styleLeftAxisScale|styleNoLabel);
}
 
/********************************************************
 Convergence Rise/Fall Shadows: 
 
 (provides a more easily visible display of rising and falling  bull/bear volume convergence) - toggle via parameter window 
 
-posiitive Volume exceeding negative Volume: Light shadow
-negative volume exceeding positive volume: dark shadow
-if you use standard gray background - best shadows are:
-my greys: 14 = (216, 216, 216); 15 = (168, 168, 168));
-best substitute? using AB color constants?
-light: colorpalegreen; dark: colorRose;? 
-(depends on your color scheme - customize to your tastes)
**********************************************************/
 
/* uncomment if you use my custom color greys: */
riseFallColor = IIf(rising, colorLime,colorOrange); //my custom shadow greys
 
/* comment out if you use my custom color gray shadows: */
/* riseFallColor = IIf(rising, colorPaleGreen,colorRose); */
 
/* Rise/Fall Convergence Plot Switch - toggle via parameter window */
riseFallShadows = Param("ShowRiseFallShadows", 0, 0, 1, 1);
if(riseFallShadows){
//Plot(IIf(rising OR falling, 1, 0), "", riseFallColor, styleArea|styleOwnScale|styleNoLabel);
}
GraphXSpace = 0.5;
_SECTION_END();

/*
_SECTION_BEGIN("Background");
	SetChartBkColor(ParamColor("Outer panel",colorBlack)); // color of outer border 
	SetChartBkGradientFill( ParamColor("Inner panel upper",colorBlack),ParamColor("Inner panel lower",colorBlack));
	tchoice=Param("Title Selection ",2,1,2,1);
_SECTION_END();
*/

CpBullV= MAuv>MAdv ;
//xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

//FORMULE

stochup= StochK()>StochD() ;
stoch80= StochK()<80 ;
MACDup= MACD()>Signal() ;
MACDup0= MACD()>0 ;
Hist= MACD()-Signal() ;
Histup= Hist>Ref(Hist,-1) ;
MFIupMA7= MFI()>MA(MFI(),7) ;
MFI30= MFI()>30 ;
MFI50= MFI()>50 ;
MFI80= MFI()<80 ;
RSIupMA7= RSI()>MA(RSI(),7) ;
RSIup50= RSI()>50 ;
Cupo= C>O ;
MA10up= MA(C,10)>=Ref(MA(C,10),-1) ;
MA20up= MA(C,20)>=Ref(MA(C,20),-1) ;
EMA50up= EMA(C,50)>=Ref(EMA(C,50),-1) ;
CupEMA50= C>EMA(C,50) ;
Cupma20= C>MA(C,20) ;
PDIupmdi= PDI()>MDI() ;
PDIup20= PDI()>20 ;
UpTrend= (MACD()>Signal() AND PDI()>MDI()) ;
CCIup0= CCI()>0 ;
CCI200= CCI()<200 ;
top2up= BBandTop(C,15,2)>=Ref(BBandTop(C,15,2),-1) ;
Cuptop1= C>BBandTop(C,20,1) ;
HAup= HaClose>=HaOpen ;
upbar = H>=Ref(H,-1) AND L>Ref(L,-1);
downbar = L<=Ref(L,-1) AND H<Ref(H,-1);
ADXup20= ADX()>20 ;
Lim= (ADX()>15 AND ADX()<45 AND CCI()<250 AND MFI()<85) ;
PriceUp= (C>O AND HaClose>=HaOpen AND Hadelta>MA(haDelta,3) ) ;
UpV= (MAuv>MAdv AND MFI()>MA(MFI(),7)) ;
DownV= (MAuv<MAdv AND MFI()<MA(MFI(),7)) ;
UpORV= (MAuv>MAdv OR MFI()>MA(MFI(),7)) ;

//xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

//PARAMTOGGLE

// This combines indicators into one timing Signal
//function ParamOptimize( description, default, minv, maxv, step )
//    { return Optimize(description, Param(description,default, minv, maxv, step ), minv, maxv, step ); }
tgl = ParamToggle("Result", "AND logic|Compare");
// switch test calculation and compare the results
if(tgl)
{
myBuy = CpCh AND haup ;
myShort = VdCh AND !haup ;
}
else
{
myBuy   = IIf( C>CHtrailArray AND HaClose>=HaOpen    ,1,0);
myShort = IIf( C<CHtrailArray AND HaClose<HaOpen    ,1,0);
} 

Buy = ExRem(myBuy, myShort);
Sell = ExRem(myShort, myBuy);

//PlotShapes(IIf(Buy,shapeUpArrow,shapeNone),colorBlue,0,haLow,Offset=-10);
//PlotShapes(IIf(Sell,shapeDownArrow,shapeNone),colorRed,0,haHigh,Offset=-10);

//PlotShapes(IIf(Buy,shapeUpArrow,shapeNone),colorBlue,0,trailArray);
//PlotShapes(IIf(Sell,shapeDownArrow,shapeNone),colorRed,0,trailArray);

//PlotShapes(IIf(Buy,shapeUpArrow,shapeNone),colorBlue,0,Low,Offset=-10);
//PlotShapes(IIf(Sell,shapeDownArrow,shapeNone),colorRed,0,High,Offset=-10);

StrongBuy = Buy AND Cross(MACD(),Signal()) AND stochup AND priceup AND mfiupma7 OR
            Buy AND Cross(C,CHtrailArray) AND macdup AND stochup AND priceup AND mfiupma7 ;
MediumBuy = Buy AND macdup AND stochup AND priceup AND uporv ;
WeakBuy = Buy ;

StrongSell = Sell AND Cross(Signal(),MACD()) AND !stochup OR
             Sell AND Cross(80,StochK()) AND !macdup AND !stochup OR
             Sell AND Cross(CHtrailArray,C) AND !macdup AND !stochup ;
MediumSell = Sell AND !macdup AND !stochup ;
WeakSell = Sell ; 

PlotShapes(IIf(StrongBuy,shapeUpTriangle,shapeNone),colorBlue,0,haLow,Offset=-10);
PlotShapes(IIf(MediumBuy,shapeUpArrow,shapeNone),colorBlue,0,haLow,Offset=-10);
PlotShapes(IIf(WeakBuy,shapeHollowUpArrow,shapeNone),colorBlue,0,haLow,Offset=-10);

PlotShapes(IIf(StrongSell,shapeDownTriangle,shapeNone),colorRed,0,haHigh,Offset=-10);
PlotShapes(IIf(MediumSell,shapeDownArrow,shapeNone),colorRed,0,haHigh,Offset=-10);
PlotShapes(IIf(WeakSell,shapeHollowDownArrow,shapeNone),colorRed,0,haHigh,Offset=-10); 

/*
PlotShapes(IIf(StrongBuy,shapeUpTriangle,shapeNone),colorBlue,0,Low,Offset=-10);
PlotShapes(IIf(MediumBuy,shapeUpArrow,shapeNone),colorBlue,0,Low,Offset=-10);
PlotShapes(IIf(WeakBuy,shapeHollowUpArrow,shapeNone),colorBlue,0,Low,Offset=-10);

PlotShapes(IIf(StrongSell,shapeDownTriangle,shapeNone),colorRed,0,High,Offset=-10);
PlotShapes(IIf(MediumSell,shapeDownArrow,shapeNone),colorRed,0,High,Offset=-10);
PlotShapes(IIf(WeakSell,shapeHollowDownArrow,shapeNone),colorRed,0,High,Offset=-10); 












8 comments

1. vikas1moon

Very nice

2. subrata chakraborty54

COULD U PLEASE EXPLAIN WHATTHIN SOLID ARROW, HOLLOW THIN ARROWINDICATES. SOLID ARROW INDICATES BUY/SELL IT IS CLEAR. THS FOR THIS AFL.

3. morgen

See 416-425 lines in the formula.

4. tmchandak1961

pl explain me how its works

5. ravimani02

On my amibroker I can only see the upper signals part. Not the lower MACD signals part. Why is it so. Please reply

6. ravimani02

morgen the creator of the formula please reply as soon as possible for my problem. As I couldn’t see the MACD diagram signals on my amibroker.
I am using amibroker version 5.90

7. morgen

My formula is not about MACD, is only about TSL&ChandelierExit.

8. ravimani02

but morgen sir the pic you posted for reference purpose is showing MACD CROSSOVER too which is confirming the buy and sell signal given in candles.
have u additionally added another afl code to it???

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