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WiseTrader Toolbox
#1 Selling Amibroker Plugin featuring:
Advanced Adaptive Indicators
Advanced Pattern Exploration
Neural Networks
And Much More ....
Super Meisel for Amibroker (AFL)
Rating:
3 / 5 (Votes 7)
Tags:
amibroker, trading system
Knowing “best buy point” when stock is going down…. tribute to Mr.Hans
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Indicator / Formula
Copy & Paste Friendly
_SECTION_BEGIN("supermeisels");
/* SuperMeisels by Hans 20 Nov 2004 */
Lim=Param("Limite",5.5,4,9,0.1);
change = IIf( Close > Ref( Close, - 1 ), 1,
IIf( Close < Ref( Close, -1 ), -1, 0 ) ) ;
changeL = IIf( Low > Ref( Low, - 1 ), 1,
IIf( Low < Ref( Low, -1 ), -1, 0 ) ) ;
changeH = IIf( High > Ref( High, - 1 ), 1,
IIf( High < Ref( High, -1 ), -1, 0 ) ) ;
meisels = Sum( change,10 );
meiselslow = Sum( changel,10 );
meiselshigh = Sum( changeh,10 );
Plot(Lim,"",colorBlack,1);
Plot(-Lim,"",colorBlack,1);
Plot(meisels,"meisels",colorBlue,1);
Plot(meiselslow,"meiselslow", colorGreen,1);
Plot(meiselshigh,"meiselshigh", colorRed,1);
meiBuy=Cross(meiselslow,-Lim) OR Cross(meisels,-Lim) OR Cross(meiselshigh,-Lim);
meisell=Cross(Lim,meiselslow) OR Cross(Lim,meisels) OR Cross(Lim,meiselshigh);
PlotShapes(shapeUpArrow*(meibuy), colorGreen,0,Graph1,-10);
PlotShapes(shapeDownArrow*(meisell), colorRed,0,Graph0,-10);
GraphXSpace=3;
_SECTION_END();1 comments
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very good indicator, very useful for entry and exit .