Coral Trend Indicator for Amibroker AFL –
Coral Trend Indicator for Amibroker AFL is saying everything, Formula for intraday traders. But i would say that this afl for all those people who want to trade again n again n again daily for small profits, that means this afl formula is for scalpers. So see first trend in max timeframes, and trade on that . for small profits with small stoploss. So scalp the trend with the formula.
HERE IS THE Coral Trend Indicator for Amibroker AFL
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// www.stockbangladesh.com // Mehedi Arafat // Transcoded from PineScript Indicator (Coral Trend) // Date : 20th Dec 2015 _SECTION_BEGIN("Coral Trend Indicator"); SetChartOptions(0,chartShowArrows|chartShowDates); _N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) )); Plot( C, "Close", ParamColor("Color", colorDefault ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() ); sm = Param("Smoothing Period",21,2,40,1); cd = Param("Constant D",0.4,0.1,2,0.1); di = (sm - 1.0) / 2.0 + 1.0; c1 = 2 / (di + 1.0); c2 = 1 - c1; c3 = 3.0 * (cd * cd + cd * cd * cd); c4 = -3.0 * (2.0 * cd * cd + cd + cd * cd * cd); c5 = 3.0 * cd + 1.0 + cd * cd * cd + 3.0 * cd * cd; src = Close; i1=0; i2=0; i3=0; i4=0; i5=0; i6=0; for(i=1;i<BarCount;i++) { i1[i] = c1[i]*src[i] + c2[i]*i1[i-1]; i2[i] = c1[i]*i1[i] + c2[i]*i2[i-1]; i3[i] = c1[i]*i2[i] + c2[i]*i3[i-1]; i4[i] = c1[i]*i3[i] + c2[i]*i4[i-1]; i5[i] = c1[i]*i4[i] + c2[i]*i5[i-1]; i6[i] = c1[i]*i5[i] + c2[i]*i6[i-1]; } bfr = -cd*cd*cd*i6 + c3*(i5) + c4*(i4) + c5*(i3); color = IIf(bfr>Ref(bfr,-1),colorGreen,colorRed); Plot(bfr,"Coral Trend Indicator", color,styleDots|styleNoLine|styleThick); _SECTION_END(); |
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