Level-Breakout-System
Level-Breakout-System AFL is likely designed to identify breakout levels in the market. Utilizing AmiBroker data feed, it aids traders in spotting crucial price levels where significant price movements might occur, facilitating trading decisions. These AFLs illustrate the diverse applications and functionalities within the AmiBroker AFL suite, empowering traders to conduct in-depth analysis and make informed trading choices.
/_SECTION_BEGIN("Price");
SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ));
Plot( C, "Close", ParamColor("Color", colorBlack ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() );
_SECTION_END();
_SECTION_BEGIN("R&S Channel");
a1= LastValue(StDev(abs(C-Ref(C,-1))/Ref(C,-1)*100,50));
a1 = Param( "R&S Period",1,1,5);
Peak(H,a1,1);
Trough(L,a1,1);
Plot(Peak(H,a1,1), "Resistance Level", colorGreen, styleLine, Null, Null, 10 );
Plot(Trough(L,a1,1), "Support Level", colorRed, styleLine, Null, Null, 10 );
_SECTION_END();
Buy = Cross( C, Peak(H,a1,1) ) ;
Sell =Cross( Trough(L,a1,1), C ) ;
PlotShapes(IIf(Buy, shapeUpArrow , shapeNone), colorGreen);
PlotShapes(IIf(Sell, shapeDownArrow , shapeNone), colorRed);