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Square of 9 for Amibroker (AFL)

Rating:
4 / 5 (Votes 3)
Tags:
amibroker

Square of Nine – Roadmap Charts

To gain an understanding of how these roadmap channels work, read the article here: http://www.tradingfives.com/square-of-nine-in-excel.htm

Thanks also to wavemechanic for his inputs. Used properly, on the basis of a SINGLE bar, Roadmap Charts will produce channels that will pretty much define the overall future trend that can last anything from days to months or beyond.
To use, select the bar that you suspect to be a possible high or low. Decide whether you want a bearish or a bullish channel. Next choose an appropriate “Factor” (try starting with a value of 1) and a “Multiplier.” For tickers that are greater than 3 digits, you may try a Multiplier value of 0.10 and those below 3 digits, a value of 10. Tickers with with just 3 digits, leave the Multiplier at 1. However, there are no absolute rules here and experimentation is strongly encouraged. The Horizontal lines are support/resistance lines while the vertical lines are timing lines. All the lines plotted by this script can extend beyond the last bar. So make sure you have enough blank bars in the right margin (set by Preferences).

Screenshots

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1 comments

2. parfumeur

This is the same .afl as:

http://www.wisestocktrader.com/indicators/346-square-of-nine-roadmap-charts

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