Gann Swing Charts
Gann Swing Charts help traders identify trends and potential reversal points. Amibroker AFL allows traders to develop indicators or systems based on Gann Swing Charts’ principles. Integrating Amibroker data feed ensures that these swing charts accurately reflect price movements, aiding in trend analysis and decision-making.
/_SECTION_BEGIN("Support and Resistance");
//
// Simple support and resistance indicator with lookback variable input.
//
//------------------------------------------------------------------------------
/* SUPPORT AND RESISTANCE */
/* AFL Code - Prakash Shenoi */
LB= Param("Look Back Periods",10,1,30,1);
R=ValueWhen(Cross(MA(C,LB),C),HHV(H,LB),1);
S=ValueWhen(Cross(C,MA(C,LB)),LLV(L,LB),1);
Color=IIf(O>C,colorBlack,colorYellow);
Plot (R,"Resz",22,8+16);
Plot (s,"Supp",19,8+16);
Plot (C,"Close",color,64,32);
GraphXSpace=4;
_SECTION_END();