Roof Red & blue Line
Roof Red & Blue Line AFL in Amibroker plots distinct lines denoting specific price actions within roof levels. Utilizing Amibroker data feed, this indicator visually represents price movements within these levels. Traders use these lines to interpret market dynamics and make informed trading decisions.
/_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");
bbbot = BBandBot( trader, HDCPeriods, 2 );
bbtop = BBandTop( trader, HDCPeriods, 2 );
//Plot( bbtop, "Roof" , colorWhite, styleThick );
//Plot( bbbot, "Floor" , colorWhite, styleThick );
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",colorGreen);
//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);
diff_p = trader2 - bbbot;
diff_m = trader2-bbtop;
Plot (diff_p,"+ve",colorBlue,styleThick);
Plot (diff_m,"-ve",colorRed,styleThick);
_SECTION_END();