Dynamic
In Amibroker, “Dynamic” refers to indicators or strategies that adapt to changing market conditions. Utilizing the Amibroker data feed, these dynamic tools adjust calculations and parameters to suit evolving market dynamics, aiding traders in making informed decisions amid fluctuating conditions.
/_SECTION_BEGIN("dynamic sr");
//DynamicSR
iPeriods = Param("iPeriods",5 ,1, 100,1);
DayValue = Day();
NewDay[0] = 1;
for( i = 1; i < BarCount; i++)
{
if (DayValue[i] == DayValue[i-1])
NewDay[i] = 0;
else
NewDay[i] = 1;
}
BarsSinceOpen = BarsSince(NewDay);
PeriodToUse = IIf (BarsSinceOpen < iPeriods, BarsSinceOpen + 1, iPeriods);
Dynamic_R = HHV(H,PeriodToUse);
Dynamic_S = LLV(L,PeriodToUse);
Dynamic_R = IIf(H >= Dynamic_R, H, Dynamic_R);
Dynamic_S = IIf(L <= Dynamic_S ,L,Dynamic_S);
DynamicRange = Dynamic_R - Dynamic_S;
fib1 = Dynamic_S + .24 * DynamicRange;
// fib2 = Dynamic_S + .38 * DynamicRange;
fib3 = Dynamic_S + .50 * DynamicRange;
// fib4 = Dynamic_S + .62 * DynamicRange;
fib5 = Dynamic_S + .76 * DynamicRange;
Plot(Close,"",IIf(C>=O,colorBrightGreen,colorRed),styleCandle);
Plot(Dynamic_R,"DR",colorRed,styleLine,styleThick);
Plot(Dynamic_S,"DS",colorBlue,styleLine,styleThick);
Plot(fib1,"Fib1", colorDarkGreen,1|styleLine);
// Plot(fib2,"F2", colorBrown,1|styleDashed);
Plot(fib3,"Fib3", colorGrey40,1|styleLine);
// Plot(fib4,"F4", colorDarkYellow,1|styleDashed);
Plot(fib5,"Fib5", colorDarkGreen,1|styleLine);
_SECTION_END();