Floor Roof Trader
The Floor Roof Trader AFL in Amibroker focuses on short to mid-term trading strategies within price-defined floors and roofs. Utilizing Amibroker data feed, this indicator helps traders identify potential entry and exit points based on floor and roof levels. By leveraging these insights, traders optimize their risk-reward ratios and improve decision-making processes.
/_SECTION_BEGIN("Floor Top");
hcl=(O+H+L+C)/4;
Ho=AMA(Ref(hcl,-1),0.5);
HH=Max(H,Max(hcl,Ho));
HL=Min(L,Min(hcl,Ho));
trader = (hcl-Ho);
VarRedLine = WMA(trader,5);
VarBlueLine = MA(trader,8);
Per = Param("MA Periods",15,3,50,1);
Plot(trader,"trader",colorDarkRed);
thick=Param("thickness",0.5,0.01,5,0.01);
//P = ParamField("Price field",-1);
HDCPeriods = per;
//Width = Param("Width", 2, 0, 10, 0.05 );
//Color = ParamColor("Color", colorCycle );
//Style = ParamStyle("Style");
bbbot = BBandBot( trader, HDCPeriods, 2 );
bbtop = BBandTop( trader, HDCPeriods, 2 );
Plot( bbtop, "Roof" , colorWhite, styleThick );
Plot( bbbot, "Floor" , colorWhite, styleThick );
VarAMA = Param("varAMA",0.1,0,2,0.01);
hcl2=(H+L+C)/3;
Ho2=AMA(Ref(hcl2,-1),VarAMA);
HH2=Max(H,Max(hcl2,Ho2));
HL2=Min(L,Min(hcl2,Ho2));
trader2 = hcl2-Ho2;
Plot(trader2,"trader2",colorLightBlue,styleThick);
//PlotOHLC(trader2,trader2+thick,trader2-thick,trader2,"trader",IIf(trader2 > Ref(trader2,-1),colorBrightGreen,colorRed),styleCloud);
//PlotOHLC(trader,trader+thick,trader-thick,trader,"investor",colorRed,styleCloud);
//PlotOHLC(bbbot, bbbot ,IIf(bbbot < trader2,bbbot,trader2),bbbot,"",colorRed,styleCloud);
//PlotOHLC(bbtop, IIf(bbtop > trader2,bbtop,trader2),bbtop,bbtop,"",colorBrightGreen,styleCloud);
Plot(0,"0",colorDarkGrey,styleLine);
_SECTION_END();