Amibroker AFL for Price Breakout Detection. AFL can be used to find out horizontal support and resistance lines for detecting the price breakouts.
_SECTION_BEGIN(“BREAK OUTS”);
// ============== Standard Chart Code ============================
CodeName = “Rasheed’s Breakouts”;
SetFormulaName(“Rasheed’s Breakouts”);
// ————— Controls for Chart Display ———————————-
SetChartOptions(0, chartShowDates | chartWrapTitle);
if (ParamToggle(“Tooltip shows”, “All Values|Only Prices”))
{
ToolTip = StrFormat(“Open: %g\nHigh: %g\nLow: %g\nClose: %g (%.1f%%) \nVolume: ” + NumToStr(V, 1), O, H, L, C, SelectedValue(ROC(C, 1)));
}
space = Param(“Space on Chart”, 20, – 15, 50, 1);
GraphXSpace = space;
SetChartBkColor(ParamColor(“Background Color”, colorBlack));
// ================= Rasheed’s original code (with Lookback and Shift default set to his specs) =================
H0 = H;
L0 = L;
C0 = C;
O0 = O;
Lookback = Param(“LookBack”, 10, 10, 50, 1); // Default for interday commodity currency trading
shift = Param(“Shift”, 5, 1, 50, 1); // ?
x0 = LastValue(Cum(1));
x1 = x0 – shift;
H = Ref(H, – shift + 1);
L = Ref(L, – shift + 1);
H1 = LastValue(Ref(HHV(H, Lookback), – 1));
L1 = LastValue(Ref(LLV(L, Lookback), – 1));
Plot(H1, “H1″, colorYellow);
Plot(L1, “L1″, colorYellow);
H = H0;
L = L0;
C = C0;
O = O0;
up = Cross(H, H1)AND Cum(1) > x1;
dn = Cross(L1, L)AND Cum(1) > x1;
Plot(C, “Close”, IIf(Cum(1) > x1 – Lookback AND Cum(1) <= x1, colorBlue, IIf(Up, colorBrightGreen, IIf(Dn, colorRed, IIf(C > O, colorGreen, colorRed)))), 64);
PlotShapes(shapeDownArrow *(Cum(1) == x1 + 1), colorBlue);
// ======================= Exploration and Signal Code =================
TRIGGER = ParamToggle(“Trigger “, “CLOSE|HIGH OR LOW”);
XH1 = Cross(C, H1);
XL1 = Cross(L1, C);
XH2 = Cross(H, H1);
XL2 = Cross(L1, L);
if (TRIGGER == 0)
{
Buy = XH1;
Sell = XL1;
}
else
{
Buy = XH2;
Sell = XL2;
}
TradeDisplay = ParamToggle(“Remove Extra Trades?”, “No|Yes”);
if(TradeDisplay != 0){
Buy = ExRem(Buy, Sell);
Sell = ExRem(Sell, Buy); // THIS WILL REMOVE EXESS SIGNALS ON A CHART OR IN AN EXPLORATION
}
Filter = Buy OR Sell;
Action = WriteIf(Buy, “BUY”, WriteIf(Sell, “SELL”, ” “));
AddTextColumn(IndustryID(1), “Industry Sector “, 30.0, colorBlue, colorYellow);
AddColumn(C, “Last “, 2.2, colorWhite, colorBlue);
AddTextColumn(Action, “Action”, 8.0, IIf(XH1, colorDarkGreen, colorDarkRed), colorWhite);
AddColumn(IIf(XH1, H1, L1), “BREAKOUT LEVEL”, 3.2, colorYellow, IIf(XH1, colorDarkGreen, colorDarkRed));
// ———————————————————————————– Arrow signals — FOR TRADES ———————————————————-
PlotShapes(Buy *shapeUpArrow, colorBrightGreen, 0, L /* ENTRY_TRAILARRAY */, – 30);
PlotShapes(Sell *shapeDownArrow, colorLightYellow, 0, H, – 30);
_SECTION_END();
_SECTION_BEGIN(“Volume At Price”);
PlotVAPOverlay(Param(“Lines”, 1000, 100, 1000, 10), Param(“Width”, 15, 1, 100, 1), ParamColor(“Color”, colorBlue), ParamToggle(“Side”, “Left|Right”, 1) | 4 *ParamToggle(“Z-order”, “On top|Behind”, 1));
_SECTION_END();
AFL from Rasheed.
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