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Three track for Amibroker (AFL)

Rating:
5 / 5 (Votes 1)
Tags:
amibroker

Intraday Trading system

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Indicator / Formula

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//Description
//It is useful line Study for intraday treading to decide the strength of a stock. it will divide the stock movement in to three zone.
//precises in upper zone indicate bullishness.
//precises in middle zone indicate no tread zone(sideways market).
//precises in lower zone indicate bearish zone.
	
		




		
		//Code
_SECTION_BEGIN("Three Track");
SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g,
Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ));
Plot( C, "Close", ParamColor("Color", colorBlack ), styleNoTitle |
ParamStyle("Style") | GetPriceStyle() ); 
NewDay = Day()!= Ref(Day(), -1);
DH = HHV( H, NewDay);
DL = LLV(L, NewDay);
Plot(DH,"DAY HIGH",colorBlue,ParamStyle("Style"),0,0,0);
Plot(DL,"DAY LOW",colorRed,ParamStyle("Style"),0,0,0);
R1=((DH-DL)*0.33)+DL;
R2=((DH-DL)*0.66)+DL;
Plot(R1,"FIBO1",colorYellow,styleDashed,0,0,0);
Plot(R2,"FIBO2",colorYellow,styleDashed,0,0,0);
_SECTION_END();

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