HL Trading System
The HL (High-Low) Trading System revolves around identifying and capitalizing on price movements between the highest high and lowest low levels within a specified timeframe. Traders employing this system focus on buying near the lowest lows and selling near the highest highs. Integrating Amibroker data feed strengthens the HL Trading System by offering real-time market data, aiding traders in identifying potential trade opportunities within the high and low price levels for effective decision-making.
/_SECTION_BEGIN("HLCby3");
pivot = (H +L+C)/3;
piv = EMA (pivot,Optimize("short ema",5,1,20,1));
piv2 = EMA (pivot,Optimize("fast ema",10,1,50,1));
Buy = Cross (piv, piv2);
Short = Cross (piv2,piv);
Sell = Short;
Cover = Buy;
pivot_col = IIf (pivot > Ref(pivot,-1), colorBlue,colorRed);
piv_col = IIf (piv > Ref(piv,-1), colorBlue,colorRed);
piv2_col = IIf (piv2 > Ref(piv2,-1),colorBlue, colorRed);
//Plot (pivot , "pivot", piv_col, styleThick);
bar_col = IIf (MACD( 5, 34 ) > Signal( 5, 34, 14 ), colorBlue, colorRed);
//Plot (pivot , "pivot", pivot_col, styleThick);
Plot (piv , "piv", piv_col, styleThick);
Plot (piv2 , "piv2", piv2_col, styleThick);
Col = IIf (H > Ref(H,-1) AND L > Ref(L,-1), colorBlue, IIf (Low < Ref(L,-1) AND High < Ref(H,-1),colorRed, colorYellow));
Plot( C, "Close", bar_Col, styleNoTitle | ParamStyle("Style") | GetPriceStyle() );
PlotShapes (shapeUpArrow*Buy, colorGreen);
PlotShapes (shapeDownArrow*Short, colorRed);
pv_col = IIf ( ADX(9) > Ref(ADX(9),-1) AND PDI( 9 ) > MDI( 9 ),colorBlue,IIf (ADX(9) > Ref(ADX(9),-1) AND PDI( 9 ) < MDI( 9 ),colorRed, colorYellow));
//pv_col = IIf ( piv_col == colorBlue AND piv2_col ==colorBlue,colorBlue,IIf ( piv_col == colorRed AND piv2_col ==colorRed,colorRed,colorYellow));
Plot(3, "", piv_col, styleOwnScale| styleArea|styleNoLabel,-0.5,100);
_SECTION_END();