Good Line
Good Line might be a specific type of arrow-based indicator used in technical analysis. Utilizing Amibroker AFL, traders can create Good Line 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.
/_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", ParamColor("Color", colorBlack ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() );
_SECTION_END();
_SECTION_BEGIN("EMA1");
P = ParamField("Price field",-1);
Periods = Param("Periods",34, 34, 34, 1, 10 );
Plot( EMA(C,34), _DEFAULT_NAME(), ParamColor( "Color", colorBlue),ParamStyle("style")|styleLine,styleThick);
D=.0002*C;
X=EMA(C,34);
XT=X+D;
XB=X-D;
PlotOHLC(XT,XT,XB,XB,"",colorBlue,styleCloud,styleNoLabel);
_SECTION_END();
_SECTION_BEGIN("EMA2");
P = ParamField("Price field",-1);
Periods = Param("Periods", 34,34,34, 1, 10 );
Plot( EMA(High,34), _DEFAULT_NAME(), ParamColor( "Color", colorYellow),ParamStyle("style")|styleLine,styleThick);
D=.0002*High;
X=EMA(High,34);
XT=X+D;
XB=X-D;
PlotOHLC(XT,XT,XB,XB,"",colorYellow,styleCloud,styleNoLabel);
_SECTION_END();
_SECTION_BEGIN("EMA3");
P = ParamField("Price field",-1);
Periods = Param("Periods",34,34,34, 1, 10 );
Plot( EMA(Low,34), _DEFAULT_NAME(), ParamColor( "Color", colorDarkRed),ParamStyle("style")|styleLine,styleThick);
D=.0002*Low;
X=EMA(Low,34);
XT=X+D;
XB=X-D;
PlotOHLC(XT,XT,XB,XB,"",colorDarkRed,styleCloud,styleNoLabel);
_SECTION_END();
_SECTION_BEGIN("EMA4");
P = ParamField("Price field",-1);
Periods = Param("Periods",50,50,50, 1, 10 );
Plot( EMA(C,50), _DEFAULT_NAME(), ParamColor( "Color", colorYellow),ParamStyle("style")|styleLine,styleThick);
D=.0002*C;
X=EMA(C,50);
XT=X+D;
XB=X-D;
PlotOHLC(XT,XT,XB,XB,"",colorWhite,styleCloud,styleNoLabel);
_SECTION_END();
_SECTION_BEGIN("MA");
P = ParamField("Price field",-1);
Periods = Param("Periods", 89, 89, 89, 1, 10 );
Plot( MA( C,89), _DEFAULT_NAME(), ParamColor("Color", colorBlack),ParamStyle("style")|styleLine+styleDots);
_SECTION_END();