General purpose CB Stop
The General Purpose CB Stop might refer to a customizable stop-loss tool applicable across various trading strategies. Using Amibroker AFL, traders can create customizable stop-loss mechanisms adaptable to different trading scenarios. Integrating Amibroker data feed ensures that these stop-loss mechanisms are dynamically adjusted based on real-time market conditions.
/_SECTION_BEGIN("ADX");
Col_bar = IIf(EMA(CCI(14),2) > Ref(EMA(CCI(14),2),-1),colorBrightGreen,colorRed);
Plot(Close,"price",col_bar,styleCandle);
_SECTION_END();
_SECTION_BEGIN("BB");
bb2top = BBandTop(Close,20,2.25);
bb1top = BBandTop(Close,20,1);
bb2bot = BBandBot(Close,20,2.25);
bb1bot = BBandBot(Close,20,1);
//PlotOHLC( Cc,Cc,80,Cc, "", IIf( Cc > 0, colorGreen, colorRed ), styleCloud | styleClipMinMax, -80, 80 );
Plot (bb2top,"",IIf(bb2top > Ref(bb2top,-1) AND bb2bot < Ref(bb2bot,-1),colorGrey50,colorGrey40));
Plot (bb2bot,"",IIf(bb2top > Ref(bb2top,-1) AND bb2bot < Ref(bb2bot,-1),colorGrey50,colorGrey40));
//Col_action = IIf(Close >bb1top AND PDI(range) > MDI(range),colorBrightGreen,IIf(Close Ref(ADX(range),-1),colorBlue,colorBlack), styleOwnScale| styleArea|styleNoLabel,-0.5,100);
//Plot(5, "", Col_action, styleOwnScale| styleArea|styleNoLabel,-0.5,100);
_SECTION_END();
//PlotOHLC(EMA( Close, 19 ),IIf(EMA( Close, 19 ) > EMA( Close, 21 ),EMA( Close, 19 ),EMA( Close, 21 )),IIf(EMA( Close, 19 ) MA(EMA( Close, 20 ),3),colorDarkGreen,colorDarkRed),styleCloud);
_SECTION_END();
PlotOHLC(bb2top,bb2top,bb1top,bb1top,"",colorDarkGrey,styleCloud);
PlotOHLC(bb1bot,bb1bot,bb2bot,bb1bot,"",colorDarkGrey,styleCloud);