Parallel Trend Lines 2 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 Parallel Trend Lines 2 Amibroker AFL
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//www.stockbangladesh.com //Mehedi Arafat _SECTION_BEGIN("Price"); 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() ); _SECTION_END(); _SECTION_BEGIN("Pattern Recognition Exploration 3"); GfxSetOverlayMode(1); GfxSelectFont("Tahoma", Status("pxheight")/2 ); GfxSetTextAlign( 6 );// center alignment GfxSetTextColor( ColorRGB( 200, 200, 200 ) ); GfxSetBkMode(1); // transparent GfxTextOut( Name(), Status("pxwidth")/2, Status("pxheight")/12 ); // Parallel lines defined by the automatic support and the HighestBetween point x = Cum(1);per = 3;s1=L;s11=H; pS = TroughBars( s1, per, 1 ) == 0; endt= LastValue(ValueWhen( pS, x, 1 )); startt=LastValue(ValueWhen( pS, x, 2 )); dtS =endt-startt; endS = LastValue(ValueWhen( pS, s1, 1 ) ); startS = LastValue( ValueWhen( pS, s1, 2 )); aS = (endS-startS)/dtS;bS = endS; trendlineS = aS * ( x -endt ) + bS; Plot(IIf(x>startt-10,trendlineS,-1e10),"",colorBlue,1); H1=LastValue(Highest((Cum(1)>startt AND Cum(1)<endt)*H)); tH1=LastValue(ValueWhen(H==H1,Cum(1))); Color=IIf((Cum(1)==startt OR Cum(1)==endt),colorBlue,IIf(Cum(1)==tH1,colorOrange,colorBlack)); Plot(C,"Close",Color,64); UpperParallel=aS*(x-tH1)+H1;Plot(IIf(x>startt-10,UpperParallel,-1e10),"UpperLine",colorOrange,1); // Parallel lines defined by the automatic resistance and the LowestBetween point x = Cum(1);per = 3;s1=L;s11=H; pR = PeakBars( s11, per, 1 ) == 0; endt1= LastValue(ValueWhen( pR, x, 1 )); startt1=LastValue(ValueWhen( pR, x, 2 )); dtR =endt1-startt1; endR = LastValue(ValueWhen( pR, s11, 1 ) ); startR = LastValue( ValueWhen( pR, s11, 2 )); aR = (endR-startR)/dtR; bR = endR; trendlineR = aR * ( x -endt1 ) + bR; Plot(IIf(x>startt1-10,trendlineR,-1e10),"",colorBlue,1); L1=LastValue(Lowest(IIf(Cum(1)>startt1 AND Cum(1)<endt1,L,10^10))); tL1=LastValue(ValueWhen(L==L1,Cum(1))); Color=IIf((Cum(1)==startt1 OR Cum(1)==endt1),colorBlue,IIf(Cum(1)==tL1,colorOrange,colorBlack)); Plot(C,"Close",Color,64); LowerParallel=aR*(x-tL1)+L1;Plot(IIf(x>startt1-10,LowerParallel,-1e10),"LowerLine",colorOrange,1); _SECTION_END(); |
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