MACD BB System
MACD BB System AFL, using an AmiBroker data feed, presents a trading system based on MACD and Bollinger Bands. It offers a systematic approach to trading by combining signals from both indicators to guide traders in their decision-making process.
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_SECTION_BEGIN("MACD");
SetChartBkColor( ParamColor("background",colorBlack) );
A1=EMA(C,12)-EMA(C,26);
BBtop=BBandTop(A1,10,1);
BBbot=BBandBot(A1,10,1);
Color=IIf(a1<0 AND a1>Ref(a1,-1), colorLime,IIf(a1>0 AND a1>Ref(a1,-1),colorBrightGreen,IIf(a1>0 AND a1<ref(a1,-1),colorcustom12,colorred))); plot(a1,"macd",color,styledots+styleline);="" plot(bbtop,"bbtop",colorgreen,styledashed);="" plot(bbbot,"bbbot",colorred,styledashed);="" plot(0,"",31,1);="" _section_end()