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KPL with RSI for Amibroker (AFL)
Rating:
2 / 5 (Votes 4)
Tags:
trading system, amibroker, exploration
THIS INDICATOR IS COMBINATION FAMOUS KPL INDICATOR AND RSI.
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Indicator / Formula
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_SECTION_BEGIN("KPL RSI");
SetChartOptions(0,chartShowArrows | chartShowDates);
no=Param( "Swing", 7, 1, 55 );
res=HHV(H,no);
sup=LLV(L,no);
avd=IIf(C>Ref(res,-1),1,IIf(C<Ref(sup,-1),-1,0));
avn=ValueWhen(avd!=0,avd,1);
tsl=IIf(avn==1,Ref(sup,-1),Ref(res,-1));
Plot(tsl, _DEFAULT_NAME(), colorRed, styleLine);
ADXpval = IIf(MA(RSI(14),5) > Ref(MA(RSI(14),5),-1) AND Ref(MA(RSI(14),5),-1) > Ref(MA(RSI(14),5),-2) AND Ref(MA(RSI(14),5),-2) > Ref(MA(RSI(14),5),-3),1,0);
ADXmval = IIf(MA(RSI(14),5) < Ref(MA(RSI(14),5),-1) AND Ref(MA(RSI(14),5),-1) < Ref(MA(RSI(14),5),-2) AND Ref(MA(RSI(14),5),-2) < Ref(MA(RSI(14),5),-3),1,0);
barcolor = IIf(ADXpval==1,colorGreen, IIf(ADXmval==1,colorRed,colorBlack));
Plot( C, "Close", barcolor, styleNoTitle | ParamStyle("Style") | GetPriceStyle());
Buy=Cross(C,tsl) AND ADXpval=1 AND RSI(14)<60;
Sell=Cross(tsl,C) AND ADXmval=1 AND RSI(14)>40;
shape=Buy*shapeUpArrow + Sell*shapeDownArrow;
PlotShapes(shape,IIf(Buy,colorGreen,colorRed),0,IIf(Buy,Low,High));
_SECTION_END();1 comments
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There is an error
replace
Buy=Cross(C,tsl) AND ADXpval=1 AND RSI<60;
Sell=Cross(tsl,C) AND ADXmval=1 AND RSI>40;
by
Buy=Cross(C,tsl) AND ADXpval==1 AND RSI<60;
Sell=Cross(tsl,C) AND ADXmval==1 AND RSI>40;