+91-0000000000

}

Monday – Friday : 9:00 AM – 6:30 PM

Indicator Aroon The Advisor

Incorporating Aroon indicators, this AFL offers insights into trend strength and potential reversals. Integrating AmiBroker data feeds enriches its accuracy and relevance, empowering traders to make more informed decisions based on robust trend analysis.

/// Aroon Indicator
// The Advisor october-8-2007

_SECTION_BEGIN("Aroon");
if( ParamToggle("Tooltip Shows", "Aroon|Prices" ) )
{
ToolTip=StrFormat("Open: %g\nHigh: %g\nLow: %g\nClose: %g (%.1f%%)\nVolume: "+NumToStr( V, 1 ), O, H, L, C, SelectedValue( ROC( C, 1 )));
}
Aroonswitch = ParamToggle("Aroon","On,Off");
Periods = Param("Aroon Periods", 14, 1, 100, 1 );
_SECTION_END();

_SECTION_BEGIN("Aroon_UP");
UPcolor = ParamColor( "Aroon_UP Color", colorGreen );
UPstyle = ParamStyle("Aroon_UP Style",styleThick);
_SECTION_END();

_SECTION_BEGIN("Aroon_DN");
DNcolor = ParamColor( "Aroon_DN Color", colorRed );
DNstyle = ParamStyle("Aroon_DN Style",styleThick);
_SECTION_END();

_SECTION_BEGIN("Aroon_Oscillator");
OSswitch = ParamToggle("Aroon_OSc","On,Off");
OScolor = ParamColor( "Aroon_OSc Color", colorBlack );
OSstyle = ParamStyle("Aroon_OSc Style",styleHistogram | styleOwnScale, maskHistogram );
_SECTION_END();

HHVBarsSince = HHVBars(H, Periods+1);
LLVBarsSince = LLVBars(L, Periods+1);

Aroon_Up = ((Periods - HHVBarsSince) / Periods) * 100;
Aroon_Down = ((Periods - LLVBarsSince) / Periods) * 100;
Aroon_Osc = Aroon_Up - Aroon_Down;

Plot(IIf(Aroonswitch,Null,Aroon_Up),"Aroon_Up",UPcolor,UPstyle);
Plot(IIf(Aroonswitch,Null,Aroon_Down),"Aroon_Down",DNcolor,DNstyle);
Plot(IIf(OSswitch,Null,Aroon_Osc),"Aroon_Osc",OScolor,OSstyle);

UPline = Param("Upper Limit",80,50,100,1);
DNline = Param("Down Limit",20,1,50,1);
Plot(UPline,"",ParamColor("Upper Limit Color",4),ParamStyle("Upper Limit Style",styleNoLabel+styleDashed ));
Plot(DNline,"",ParamColor("Down Limit Color",5),ParamStyle("Down Limit Style",styleNoLabel+styleDashed ));
Plot(50,"",6, ParamStyle("Center Line Style",styleNoLabel ));

_SECTION_BEGIN("Fill Color");
Fillswitch = ParamToggle("Fill Color1","On,Off");
r1 = Aroon_down;
r2 = Aroon_Up;
FillColor = IIf( r1 > 50 OR r2 < 50, ParamColor("Up Fill Color1", colorRose),ParamColor("Down Fill Color1", colorPaleGreen));
if (NOT Fillswitch) PlotOHLC( r1,r1,50,r1, "", FillColor, styleNoLabel | styleCloud | styleClipMinMax, DNline, UPline );
if (NOT Fillswitch) PlotOHLC( r2,r2,50,r2, "", FillColor, styleNoLabel | styleCloud | styleClipMinMax, DNline, UPline );
_SECTION_END();





// ****************************************************************************************
// END OF CODE (ARRON.AFL)
// ****************************************************************************************
/**/
_SECTION_END();

Buy=Cross(Aroon_UP,Aroon_Down);
Sell=Cross(Aroon_Down,Aroon_UP);
PlotShapes(IIf(Buy,shapeUpArrow,shapeNone) ,colorGreen);
PlotShapes(IIf(Sell,shapeDownArrow,shapeNone),colorRed);

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