Impulse Chart With Safe Zones
Offering a visual representation of impulse movements coupled with delineated safe zones, this AFL aids traders in assessing risk-reward ratios effectively. Leveraging AmiBroker’s data feed enhances the accuracy of identifying these zones, providing valuable insights into favorable trade setups.
/_SECTION_BEGIN("Elder Impulse");
macShort = Param("MACD Short MA",12,1,100,1);
macLong = Param("MACD Long MA",26,1,100,1);
macSmooth = Param("MACD Smoothing Period",9,1,100,1);
EMAp = Param("Short EMA",13,1,40,1);
macTime = Param("Time Ratio",1,22,1);
macShort = macShort*macTime;
macLong = macLong*macTime;
macSmooth = macSmooth*macTime;
EMAvg = EMAp*MacTime;
//{ do long impulse next }
mac = EMA(C,macShort)-EMA(C,macLong);
MacSig = EMA(mac,macSmooth);
macplot = (mac-MacSig);
impulse = IIf(macplot >= Ref(macplot,-macTime), 1,0)+IIf(Close > EMA(Close,EMAp),1,0)-1;
//Plot(impulse, "", colorRed);
//PlotGrid(0, colorLightGrey);
Color = IIf(impulse == 0, colorLightBlue, IIf(impulse < 0, colorRed, IIf(impulse > 0, colorLime, 0)));
SetChartOptions( 0, chartShowDates | chartShowArrows | chartLogarithmic | chartWrapTitle );
_N( Title = StrFormat( "{{NAME}} - " + SectorID( 1 ) + " - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) Vol " + WriteVal( V, 1.0 ) + " {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ) );
Plot( C, "Close", color, styleBar | styleNoTitle | ParamStyle( "Style" ) | GetPriceStyle() );
if ( ParamToggle( "Tooltip shows", "All Values|Only Prices" ) )
{
ToolTip = StrFormat( "Open: %g\nHigh: %g\nLow: %g\nClose: %g (%.1f%%)\nVolume: " + NumToStr( V, 1 ), O, H, L, C, SelectedValue( ROC( C, 1 ) ) );
}
Plot(EMA(C,13), "EMA-13", colorOrange, styleThick);
a = IIf(impulse>0,1,0); //{ Buy OK}
b = IIf(impulse<0,1,0); //{ Sell OK}
state=IIf(BarsSince(a)Ref(state,-1);
Sell = state MA(C,50) AND MA(C,50) < MA(C,200); // Recovery
ACP = C > MA(C,50) AND C > MA(C,200) AND MA(C,50) < MA(C,200); // Accumulation
BLP = C > MA(C,50) AND C > MA(C,200) AND MA(C,50) > MA(C,200); // Bullish
WRP = C < MA(C,50) AND MA(C,50) > MA(C,200); // Warning
DSP = C < MA(C,50) AND C < MA(C,200) AND MA(C,50) > MA(C,200); // Distribution
BRP = C < MA(C,50) AND C < MA(C,200) AND MA(C,50) < MA(C,200); // Bearish
Plot( 1, "", IIf(RCP, colorBlue, IIf(ACP, colorSeaGreen, IIf(BLP, colorDarkGreen, IIf(WRP, colorOrange, IIf(DSP, colorRed, IIf(BRP, colorDarkRed, 0)))))), styleOwnScale|styleArea|styleNoLabel, -0.1, 50 );
"";
"PHASE:";
Phase = WriteIf(RCP, "Recovery",
WriteIf(ACP, "Accumulation",
WriteIf(BLP, "Bullish",
WriteIf(WRP, "Warning",
WriteIf(DSP, "Distribution",
WriteIf(BRP, "Bearish",
""))))));
_SECTION_END();
_SECTION_BEGIN("Elder Safe Zones");
factor = Param("SafeZone Factor",2.0,0.0,20.0,0.1);
lookback=Param("LookBack Period",99,10,300,1);
Lowtot = Cum(IIf(Low0,(Lowtot-Ref(Lowtot,-lookback))/count,0);
SZLE = Low-factor*safe;
Plot( SZLE, "SZ-LE", colorLime);
SZSE = High+factor*safe;
Plot( SZSE, "SZ-SE",colorRed);
_SECTION_END();