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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);

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