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Weekly and pivots for Amibroker (AFL)
Rating:
5 / 5 (Votes 1)
Tags:
amibroker, pivots
Weekly pivots calculated based on whether the price is a certain amount above the linear regression of the price.
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Indicator / Formula
Copy & Paste Friendly
Enter = 30;
Exit = 20;
TimeFrameSet(inWeekly);
ROAR = int(5200 * LinRegSlope(Close,26)/LinearReg(Close,26));
roar30 = int(LinearReg(roar, 5));
RAW = ROAR;
for (i = 1; i < BarCount; i++ )
{
if (ROAR[i] >= Enter AND roar30[i] >= Enter)
ROAR[i] = roar30[i];
if (ROAR[i] < Exit) // if below Exit value
ROAR[i] = 0; // then set to zero
if (ROAR[i] < Enter AND ROAR[i-1] == 0)
ROAR[i] = 0;
}
TimeFrameRestore();
Plot(ROAR,"ROAR",colorBlue,1);
ROAR = TimeFrameExpand(ROAR,inWeekly);
Plot(RAW,"RAW",colorPink,1);
Plot(Enter,"",colorGreen,1);
Plot(Exit,"",colorRed,1);0 comments
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