GFZ Arrows
GFZ Arrows might be a specific type of arrow-based indicator used in technical analysis. Utilizing Amibroker AFL, traders can create GFZ Arrow indicators to identify potential entry or exit points based on specific market conditions. Amibroker data feed integration ensures timely visualization of these arrows, aiding traders in decision-making.
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_SECTION_BEGIN("Price");
SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g,
Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ));
Plot( C, "Close", colorBlack, styleNoTitle | GetPriceStyle() );
_SECTION_END();
_SECTION_BEGIN("Envelope");
BandWt = Param("Env %",6, 2, 15,0.5) /100;
ema17 = EMA(C, 17);
ema17HB = ema17 * (1 + BandWt);
ema17LB = ema17 * (1 - BandWt);
Plot(ema17HB, "UB", colorRed, styleDashed | styleThick);
Plot(ema17LB, "LB", colorBlue, styleDashed | styleThick);
_SECTION_END();
_SECTION_BEGIN("not touching 3 ema");
Len01 = Optimize("Len01", Param("Len01", 3, 2, 15, 1), 2, 15, 1);
Len02 = Optimize("Len02", Param("Len02", 15, 10, 100, 1), 10, 100, 1);
ema03 = EMA(C, Len01);
ema15 = EMA(C, Len02);
color03 = IIf(ema03 > Ref(ema03, -1), colorGreen, colorRed);
color15 = IIf(ema15 > Ref(ema15,-1), colorBlue, colorPink);
FlagUP02 = ema03 > ema15 AND ema03 < L AND Ref(ema03,-1) < Ref(L,-1);
FlagDN02 = ema03 < ema15 AND ema03 > H AND Ref(ema03,-1) > Ref(H,-1);
PlotShapes(FlagUP02 * shapeHollowDownArrow, colorGold, 0, H,-20);
PlotShapes(FlagDN02 * shapeHollowUpArrow, colorGold, 0, L,-20);
_SECTION_END();