JIMBERG
JIMBERG AFL might represent an adaptation or variation of Jim Berg’s trading strategies or indicators. It could provide specific technical analysis tools or signals optimized for market analysis. With an Amibroker data feed, this AFL assists traders in implementing strategies derived from Jim Berg’s trading principles.
/_SECTION_BEGIN("JIMBERG"); EntrySignal = C > ( LLV( L, 20 ) + 2 * ATR( 10 ) ); ExitSignal = C < ( HHV( H, 20 ) - 2 * ATR( 10 ) ); Color = IIf( EntrySignal, colorBlue, IIf( ExitSignal, colorOrange, colorGrey50 )); TrailStop = HHV( C - 2 * ATR(10), 15 ); ProfitTaker = EMA( H, 13 ) + 2 * ATR(10); /* plot price chart and stops */ Plot( TrailStop, "Trailing stop", colorBrown, styleThick | styleLine ); Plot( ProfitTaker, "Profit taker", colorLime, styleThick ); Plot( C, "Price", color, styleCandle ); /* plot color ribbon */ Plot( 2, "", Color, styleArea | styleOwnScale | styleNoLabel, -0.1, 50 ); /* ********************************** Code to automatically identify pivots ********************************** */ // -- what will be our lookback range for the hh and ll? farback=Param("How Far back to go",100,50,5000,10); nBars = Param("Number of bars", 12, 5, 40); // -- Title. /* Title = Name() + " (" + StrLeft(FullName(), 15) + ") O: " + Open + ", H: " + High + ", L: " + Low + ", C: " + Close; */ // -- Plot basic candle chart PlotOHLC(Open, High, Low, Close, "\n" + "O = " + O + "\n"+"H = "+ H + "\n"+"L = " + L + "\n"+"C", color, styleCandle); GraphXSpace=7; // -- Create 0-initialized arrays the size of barcount aHPivs = H - H; aLPivs = L - L; // -- More for future use, not necessary for basic plotting aHPivHighs = H - H; aLPivLows = L - L; aHPivIdxs = H - H; aLPivIdxs = L - L; nHPivs = 0; nLPivs = 0; lastHPIdx = 0; lastLPIdx = 0; lastHPH = 0; lastLPL = 0; curPivBarIdx = 0; // -- looking back from the current bar, how many bars // back were the hhv and llv values of the previous // n bars, etc.? aHHVBars = HHVBars(H, nBars); aLLVBars = LLVBars(L, nBars); aHHV = HHV(H, nBars); aLLV = LLV(L, nBars); // -- Would like to set this up so pivots are calculated back from // last visible bar to make it easy to "go back" and see the pivots // this code would find. However, the first instance of // _Trace output will show a value of 0 aVisBars = Status("barvisible"); nLastVisBar = LastValue(Highest(IIf(aVisBars, BarIndex(), 0))); _TRACE("Last visible bar: " + nLastVisBar); // -- Initialize value of curTrend curBar = (BarCount-1); curTrend = ""; if (aLLVBars[curBar] < aHHVBars[curBar]) { curTrend = "D"; } else { curTrend = "U"; } // -- Loop through bars. Search for // entirely array-based approach // in future version for (i=0; ilastHPIdx) { // -- Bar and price info for candidate pivot candIdx = curBar - aHHVBars[curBar]; candPrc = aHHV[curBar]; if ( lastHPH < candPrc AND candIdx > lastLPIdx AND candIdx < curBar) { // -- OK, we'll add this as a pivot... aHPivs[candIdx] = 1; // ...and then rearrange elements in the // pivot information arrays for (j=0; j candPrc AND candIdx > lastHPIdx AND candIdx < curBar) { // -- OK, we'll add this as a pivot... aLPivs[candIdx] = 1; // ...and then rearrange elements in the // pivot information arrays for (j=0; j