Guppy Count back Long
Guppy Count Back Long, integrated into Amibroker AFL, focuses on identifying favorable conditions for long positions in the market. Leveraging historical data from the Amibroker data feed, this AFL uses Guppy Count Back principles to determine potential entry points for extended upward price movements. Traders employ this tool to align their strategies with prevailing trends, aiming to optimize their trading outcomes.
/_SECTION_BEGIN("GUPPY COUNT BACK orig");
MASK= ParamStyle("MASK",styleCandle, maskPrice);
barcolor = IIf(C > Ref(C,-1), ParamColor("Up Color",colorBrightGreen), IIf(C ==Ref(C,-1),colorOrange, ParamColor("Dn Color",colorOrange)));
Plot( C, "Close", barcolor,MASK);
H1=0;
L1=0;
H2=0;
L2=0;
H3=0;
L3=0;
for( i = BarCount-20; i < BarCount; i++ )
{
if(L[i]L1 AND H[j]>H1)
{ L2=L[j];H2=H[j] ;L2bar=j;
for( k = L2bar-20; k < L1bar; k++ )
{
if(L[k]>L2 AND H[k]