Guppy Count Back Short
Guppy Count Back Short, an integral component of Amibroker AFL, assists traders in identifying opportunities for short positions. Utilizing historical data from the Amibroker data feed, this AFL applies Guppy Count Back principles to recognize potential entry points for downward price movements. Traders utilize this tool to align their strategies with market downtrends, aiming to capitalize on price declines and enhance their trading performance.
/_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(H[i]>H[i-1])
{ H1=H[i];L1=L[i] ;H1bar=i;
for( j = H1bar-20; j < H1bar; j++ )
{
if(H[j]