Impulse & Trend Bars
This AFL amalgamates impulse and trend bars, elucidating shifts in market sentiment. With the integration of AmiBroker data feed, it captures momentum and price movement direction, aiding in identifying potential trends. Traders benefit from a clearer depiction of market dynamics through this comprehensive indicator.
/_SECTION_BEGIN("Trend Bars");
x = MA(C,4); //4-day MA
y = MA(C,9); //9-day MA
z = MA(C,18); // 18-day MA
sideways = IIf(y > z AND x < y,1,0);
sideways1 = IIf(y < z AND x > y,1,0);
upt = IIf(x > y AND y > z,1,0);
dnt = IIf(x < y AND y < z,1,0);
Color = IIf(sideways OR sideways1, colorLightBlue, IIf(upt, colorLime, IIf(dnt, colorRed,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 ) ) );
}
_SECTION_END();
_SECTION_BEGIN("Elders 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);
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