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Candlestick above SMA 20 for Amibroker (AFL)

5 / 5 (Votes 1)
amibroker, moving average

Shows signals if candle above sma 20. Buy if candle above sma 20 and sell if bellow sma 20. Be careful about false signals it is safer if you wait for confirmation from the next candle or you wait until the price is going up.

I hope it useful for your trading from your friend


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Indicator / Formula

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_SECTION_BEGIN("scaner if above SMA20 buy");

Buy = Cross( C,MA( Close, 20 ) );
PlotShapes(IIf(Buy==1, shapeUpArrow , shapeNone), colorGreen, 0,Low, Offset=-20);
_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() ); 

P = ParamField("Price field",-1);
Periods = Param("Periods", 20);
Plot( MA( P, Periods ), _DEFAULT_NAME(), ParamColor( "Color", colorCycle ), ParamStyle("Style") ); 


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