MACD BB Trend
MACD BB Trend AFL, in conjunction with an AmiBroker data feed, focuses on identifying trends using MACD and Bollinger Bands. By analyzing both indicators together, it assists traders in determining potential trend directions and strength.
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_SECTION_BEGIN("macd BB");
A2=MACD(9,34);
BBtop=BBandTop(A2,5,.5);
BBbot=BBandBot(A2,5,.5);
Color=IIf(a2 > bbtop, colorBlue,IIf(a2 < bbbot, colorRed,colorYellow));
bbtop_col = IIf (BBtop > Ref(BBtop,-1),colorBlue,colorRed);
bbbot_col = IIf (BBbot > Ref(BBbot,-1),colorBlue,colorRed);
Plot(a2,"",color,styleLine);
Plot(BBtop,"",BBtop_col,styleDashed);
Plot(BBbot,"",BBbot_col,styleDashed);
Plot(50,"",31,1);
Buy = a2 > bbtop;
Sell = a2 < bbbot;
Buy = ExRem(Buy,Sell);
Sell = ExRem(Sell,Buy);
PlotShapes(Buy*shapeHollowSmallUpTriangle,colorYellow);
PlotShapes(Sell*shapeHollowSmallDownTriangle,colorYellow);
Plot(6, "", Color, styleOwnScale| styleArea|styleNoLabel,-0.5,100);
_SECTION_END();