+91-0000000000

}

Monday – Friday : 9:00 AM – 6:30 PM

Ribbon indicator

The Ribbon Indicator AFL code for Amibroker, when paired with Amibroker Data Feeder, is a visual tool that displays multiple moving averages of varying periods on the chart. This code helps traders identify trends and potential reversals more effectively, leveraging real-time market data for accurate trend analysis.

/_SECTION_BEGIN("HLCby3");

pivot = (H +L+C)/3; 
piv = EMA (pivot,Param("short ema",5,1,20,1));
piv2 = EMA (pivot,Param("fast ema",10,1,50,1));
Buy = Cross (piv, piv2);
Short = Cross (piv2,piv);
pivot_col =  IIf (pivot > Ref(pivot,-1), colorBlue,colorRed);
piv_col = IIf (piv > Ref(piv,-1), colorBlue,colorRed);
piv2_col = IIf (piv2 > Ref(piv2,-1),colorBlue, colorRed);
//Plot (pivot , "pivot", piv_col, styleThick);

bar_col = IIf (MACD( 4, 34 ) > Signal( 4, 34, 10 ), colorBlue, colorRed);
//Plot (pivot , "pivot", pivot_col, styleThick);
Plot (piv , "piv", piv_col, styleThick);
Plot (piv2 , "piv2", piv2_col, styleThick);                
Col = IIf (H > Ref(H,-1) AND L > Ref(L,-1), colorBlue, IIf (Low < Ref(L,-1) AND High < Ref(H,-1),colorRed, colorYellow));
Plot( C, "Close", bar_Col, styleNoTitle | ParamStyle("Style") | GetPriceStyle() );
PlotShapes (shapeUpArrow*Buy, colorGreen);
PlotShapes (shapeDownArrow*Short, colorRed);

//pv_col = IIf ( ADX(9) > Ref(ADX(9),-1) AND PDI( 9 ) > MDI( 9 ),colorBlue,IIf (ADX(9) > Ref(ADX(9),-1) AND PDI( 9 ) < MDI( 9 ),colorRed, colorYellow));
pv_col = IIf (  piv_col == colorBlue AND piv2_col ==colorBlue,colorBlue,IIf ( piv_col == colorRed AND piv2_col ==colorRed,colorRed,colorYellow));

Plot(3, "ribbon", piv_col, styleOwnScale| styleArea|styleNoLabel,-0.5,100); 
_SECTION_END();

_SECTION_BEGIN("Auto trendline1");
/*

trend channel development 
Edward Pottasch, nov 2004

*/


per = 15; per = Param( "period", 15, 1, 500, 1);

mm = C;

x = Cum(1);
lastx = LastValue(x); 
selv = SelectedValue(x);

aaa = LinRegIntercept(mm, per);
bbb = LinRegSlope(mm, per);

daa = SelectedValue(ValueWhen(x, aaa, 1));
dbb = SelectedValue(ValueWhen(x, bbb, 1));

xx = IIf(x > selv - per AND x <= selv, x - (selv - per),Null);

yy = daa + dbb * xx;

dhh = abs(H - yy);
dll = abs(L - yy);
dtt = Max(dhh,dll);

wd = SelectedValue(HHV(dtt,per));

SetChartOptions(0, chartShowDates);
GraphXSpace = 5;

//Plot(C,"",colorWhite,64);
//Plot(yy, "LinReg", colorBlue );
Plot(yy + wd, "Upper Boundary", colorRed, 4 );
Plot(yy - wd, "Lower Boundary", colorBrightGreen, 4 );
_SECTION_END();

_SECTION_BEGIN("macd rsi");
EMA3 = EMA(RSI(14),3);
ema27 = EMA(RSI(14),27); 

diff = ema3-EMA27;
ema_short = EMA(diff,Param("short ema",3,1,20,1));
EMA_Long = EMA(diff,Param("long ema",5,1,20,1));

Col_rsi = IIf (EMA_long > Ref(EMA_long,-1),colorBlue,colorRed);
//Plot (EMA_short,"diff in rsi1",colorYellow,styleThick);
//Plot (EMA_long,"diff in rsi5",Col_rsi,styleThick);
//Plot (0,"",colorWhite,styleThick);

Buy = Cross (EMA_short,EMA_long);
Sell = Cross (EMA_long, EMA_short);
Short = Sell;
Cover = Buy;

PlotShapes (shapeUpTriangle*Buy,colorYellow);
PlotShapes (shapeDownTriangle*Sell,colorYellow);
_SECTION_END();

//source http://www.traderji.com/amibroker/24404-help-amibroker-forumla-afl-saintjis-going-60min-flow-practice-2.html

// Written by Abhay (aad on www.traderji.com)

// Previous version 1.0 on 28.07.2008.
// Current Version 1.1 on 31.07.2008.

///////////////////////////////////////////////////////////
///// Major changes done from previous version 1.0 : //////

// The method of pivot definition is changed. 
// Now it does not use zig() or related functions anywhere.

// Stoploss line error, that it moves in both directions after a position is taken,
// is removed. Now stoploss lines are unidirectional.

// To protect profit on long positions, SELL is triggered either when trailing buy stop
// is hit OR when previous lower pivot is cracked. Fresh long position will be initiated 
// if uptrend continues after previous high pivot is cracked.   

///////////////////////////////////////////////////////////


// This is simple YET powerful pivot based trading system.
// Used only for intraday. Not suitable for EOD data.
// Designed for continuous trading. i.e. short=sell and cover=buy
// When long, watch crack of close in green line ONLY. Ignore red line.
// When short, watch crack of close in red line ONLY. Ignore green line.
// You will have to tweak the parameters as per your trading style.

// Warning : 	I have tried to develop this method from Saint's Pivot Based System (www.traderji.com) 
// 		However, it is very well possible that its performance is not as per actual system
// 		suggested by Saint due to programming errors and inadequate knowledge level at my end.
// Warning : 	Traders are advised to trade on their own, knowing very well that it is their money.

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