Stock Portfolio Organizer
The ultimate porfolio management solution.
Shares, Margin, CFD's, Futures and Forex
EOD and Realtime
Dividends and Trust Distributions
And Much More ....
WiseTrader Toolbox
#1 Selling Amibroker Plugin featuring:
Advanced Adaptive Indicators
Advanced Pattern Exploration
Neural Networks
And Much More ....
Trend Continuation Factor for Amibroker (AFL)
Rating:
4 / 5 (Votes 5)
Tags:
oscillator, amibroker
This indicate the strength of the Trend.
I am not the author of this indicator. This i got from web ; some time ago.Details are as follow :
Positive values of either the +TCF and the -TCF indicate the presence of a strong trend.
Positive values of +TCF indicator a strong uptrend, while positive values of -TCF indicate a strong downtrend.
TCF & -TCF cannot both be positive at the same time, since both an uptrend & a downtrend cannot occur simultaneously. Both can be negative. if both are negative, this signifies consolidation, OR the absence of a trend.
It recommended to enter long positions when the +TCF value is positive, & enter Short positions when the TCF value is positive.
Screenshots
Indicator / Formula
Copy & Paste Friendly
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 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 | Length = Param("Length",20,1,100,1);Change = Close - Ref(Close, -1);PlusChange = IIf(Change > 0, Change, 0);MinusChange = IIf(Change < 0, -Change, 0);EnableScript("jscript");<%PlusChange=VBArray(AFL("PlusChange")).toArray();MinusChange=VBArray(AFL("MinusChange")).toArray();/*Make two new arrays*/var PlusCF=new Array ();var MinusCF=new Array();/*fill array "PlusCF"*/for (i=0; i<PlusChange.length; i++ ){ if ( PlusChange[i]==0 ) { PlusCF[i]=0; } else { PlusCF[i]=PlusChange[i]+PlusCF[i-1]; }}/*Fill array "MinusCF*/for (i=0; i<MinusChange.length; i++ ){ if ( MinusChange[i]==0 ) { MinusCF[i]=0; } else { MinusCF[i]=MinusChange[i]+MinusCF[i-1]; }}/*Convert to AFL variables*/AFL("PlusCF")=PlusCF;AFL("MinusCF")=MinusCF;%>PlusTCF = Sum(PlusChange-MinusCF,Length);MinusTCF = Sum(MinusChange-PlusCF,Length);Plot(PlusTCF, "+TFC("+Length+")", colorGreen);Plot(MinusTCF, "-TFC("+Length+")", colorRed);PlotGrid(0, colorLightGrey);Buy=PlusTCF>0;Sell=MinusTCF>0;Short=Sell;Cover=Buy;/*This is optional*/ApplyStop(2,1,Optimize("Stop Loss",12,1,15,1),1);Buy=ExRem(Buy,Sell);Sell=ExRem(Sell,Buy);Cover=ExRem(Cover,Short);Short=ExRem(Short,Cover);"Positive values of either the +TCF and the -TCF indicate the presence of a strong trend. ";"";"Positive values of +TCF indicator a strong uptrend, while positive values of -TCF indicate a strong downtrend.";"";"+TCF+ & -TCF cannot both be positive at the same time, since both an uptrend & a downtrend cannot occur simultaneously. Both can be negative. if both are negative, this signifies consolidation, OR the absence of a trend.";"";"It recommended to enter long positions when the +TCF value is positive, & enter Short positions when the -TCF- value is positive."; |
2 comments
Leave Comment
Please login here to leave a comment.
Back
Thanks for reposting. What parameter you have used in the supertrend.
Very good!!!