Profitable Floor Roof
Profitable Floor Roof AFL in Amibroker identifies potentially profitable price levels acting as floors and roofs. Leveraging Amibroker data feed, this indicator aids traders in recognizing areas conducive to profitable trades. By aligning strategies with these levels, traders optimize trade setups for enhanced profitability.
/_SECTION_BEGIN("Floor Top");
hcl=(O+H+L+C)/4;
Ho=AMA(Ref(hcl,-1),0.5);
HH=Max(H,Max(hcl,Ho));
HL=Min(L,Min(hcl,Ho));
trader = (hcl-Ho);
VarRedLine = WMA(trader,5);
VarBlueLine = MA(trader,8);
Per = Param("MA Periods",15,3,50,1);
//Plot(trader,"trader",colorDarkRed);
thick=Param("thickness",0.5,0.01,5,0.01);
thick1=Param("ribbon thickness",0.5,0.01,50,0.01);
//P = ParamField("Price field",-1);
HDCPeriods = per;
//Width = Param("Width", 2, 0, 10, 0.05 );
//Color = ParamColor("Color", colorCycle );
//Style = ParamStyle("Style");
VarAMA = Param("varAMA",0.1,0,2,0.01);
hcl2=(H+L+C)/3;
Ho2=AMA(Ref(hcl2,-1),VarAMA);
HH2=Max(H,Max(hcl2,Ho2));
HL2=Min(L,Min(hcl2,Ho2));
trader2 = hcl2-Ho2;
Plot(trader2,"trader2",IIf(trader2 > Ref(trader2,-1),colorGreen,colorOrange));
Plot(EMA(trader2,3),"ema(trader2,3)",IIf(EMA(trader2,3) > Ref(EMA(trader2,3),-1),colorBrightGreen,colorRed),styleThick);
bbbot = BBandBot( trader, HDCPeriods, 2 );
bbtop = BBandTop( trader, HDCPeriods, 2 );
Plot( bbtop, "Roof" , colorWhite, styleThick );
Plot( bbbot, "Floor" , colorWhite, styleThick );
//PlotOHLC(trader2,trader2+thick,trader2-thick,trader2,"trader",colorBlue,styleCloud);
//PlotOHLC(trader,trader+thick,trader-thick,trader,"investor",colorRed,styleCloud);
//PlotOHLC(bbbot, bbbot ,IIf(bbbot < trader2,bbbot,trader2),bbbot,"",colorRed,styleCloud);
//PlotOHLC(bbtop, IIf(bbtop > trader2,bbtop,trader2),bbtop,bbtop,"",colorBrightGreen,styleCloud);
Plot(0,"0",colorDarkGrey,styleLine);
Color_rib = IIf(trader2 > bbtop, colorDarkGrey, IIf(trader2 < bbbot, colorDarkGrey,IIf(trader2 > Ref(trader2,-1), colorBrightGreen,colorDarkRed)));
//PlotOHLC(0,thick1,-thick1,0,"",color_rib,styleCloud);
_SECTION_END();