MACD & RSI Exploration
The MACD & RSI Exploration AFL, powered by an AmiBroker data feed, combines MACD and RSI signals. By analyzing both indicators in tandem, this AFL offers traders a comprehensive view of potential market trends and identifies entry or exit points based on real-time data analysis for more informed trading decisions.
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_SECTION_BEGIN("3 10 16 Explore Stops & Targets Refined");
r1 = Param( "Fast avg", 3, 2, 200, 1 );
r2 = Param( "Slow avg", 10, 2, 200, 1 );
r3 = Param( "Signal avg", 16, 2, 200, 1 );
ml = MACD(r1, r2);
sl = Signal(r1,r2,r3);
Buy=((( ml>sl)AND Cross( RSI(14),45)) OR (Cross(ml,sl)AND RSI(14)>45));
Sell =((Cross(sl,ml) AND 45> RSI(14)) OR ((sl>ml) AND Cross(45, RSI(14))));
BuyStop=EMA(L,3);
SellStop=EMA(H,3);
TargetBuy=C+ATR(14)*2;
TargetSell=C-ATR(14)*2;
BuyRisk=(C-BuyStop);
BuyRiskPcnt=(C-BuyStop)*100/C;
BuyReward=(TargetBuy-C);
BuyRewardPcnt=(TargetBuy-C)*100/C;
SellRisk=(SellStop-C);
SellRiskPcnt=(SellStop-C)*100/C;
SellReward=(C-TargetSell);
SellRewardPcnt=(C-TargetSell)*100/C;
BuyRiskRewardRatio=BuyReward/BuyRisk;
SellRiskRewardRatio=SellReward/SellRisk;
PositionSize = 20000/C;
Filter=Buy OR Sell;
AddColumn(IIf( Buy, 66, 83 ), "Signal",formatChar,IIf(Buy,colorGreen,colorRed));
AddColumn(C,"Close");
AddColumn(V,"Volume");
AddColumn(BuyStop,"BuyStop");
AddColumn(SellStop,"SellStop");
AddColumn(TargetBuy,"TargetBuy");
AddColumn(TargetSell,"TargetSell");
AddColumn(BuyRisk,"BuyRisk");
AddColumn(BuyReward,"BuyReward");
AddColumn(BuyRiskPcnt,"BuyRiskPcnt");
AddColumn(BuyRewardPcnt,"BuyRewardPcnt");
AddColumn(SellRisk,"SellRisk");
AddColumn(SellReward,"SellReward");
AddColumn(SellRiskPcnt,"SellRiskPcnt");
AddColumn(SellRewardPcnt,"SellRewardPcnt");
AddColumn(BuyRiskRewardRatio,"BRRR");
AddColumn(SellRiskRewardRatio,"SRRR");
AddColumn(PositionSize,"PS");
SetChartOptions( 0, chartShowArrows );
Buy=((( ml> sl )AND Cross( RSI(14),45)) OR (Cross(ml,sl)AND RSI(14)>45));
Sell=((Cross(sl,ml) AND 45> RSI(14)) OR ((sl>ml) AND Cross(45, RSI(14))));
shape = Buy * shapeUpArrow + Sell* shapeDownArrow;
Plot( Close, "Price", colorBlack, styleCandle );
PlotShapes( shape, IIf( Buy, colorGreen, colorRed ), 0, IIf( Buy, Low, High ) );
GraphXSpace = 5;
_SECTION_END();