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Highest High 50 and 25 with Lowest low 50 and 25 for Amibroker (AFL)
Rating:
3 / 5 (Votes 3)
Tags:
amibroker, bands
This is the band that I often see in Andreas Clenow’s posts. I couldn’t find a similar system for my free online charting program so I made one for my amibroker.
Basically the system is tuned towards breakouts with the 50-day high and used with an ATR position sizing and stop loss strategy based on what I keep on reading from Mr. Clenow’s posts and free articles.
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 | P1 = Param("Highest High 50", 50, 2, 200, 1, 0);C1 = ParamColor("HH50 Color", colorBlue);L1 = HHV(H,P1);P2 = Param("Lowest Low 50", 50, 2, 200, 1, 0);C2 = ParamColor("LL50 Color", colorRed);L2 = LLV(L,P2);P3 = Param("Highest High 25", 25, 2, 200, 1, 0);C3 = ParamColor("HH25 Color", colorLightGrey);L3 = HHV(H,P3);P4 = Param("Lowest Low 25", 25, 2, 200, 1, 0);C4 = ParamColor("LL25 Color", colorLightOrange);L4 = LLV(H,P4);Plot(L1,"HHV 50 (HH 50)", C1, styleLine);Plot(L2, "LLV 50 (LL 50)", C2, styleLine);Plot(L3, "HH25 Color", C3, styleLine);Plot(L4, "LL25 Color", C4, styleLine); |
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