ATR Exit
Simplify trading decisions using the ATR Exit Amibroker AFL, backed by comprehensive Amibroker data. Access real-time insights to enhance your exit strategy, ensuring more calculated moves. Embrace the efficiency of the Amibroker data integration to drive your trading success.
//TimeFrameSet( in5Minute);
_SECTION_BEGIN("ATRtrading");
SetChartBkColor( colorBlack ) ;
period = Param("Period", 13, 1, 240, 1);
mult = Param("Multiplier", 1.7, 1, 240, 0.1);
f=ATR(period);
VS[0] = Close[0];
trend[0] = 0;
HighC[0]=0;
Lowc[0]=0;
for( i = period+1; i < BarCount; i++ )
{
vs[i] = vs[i-1];
trend[i] = trend[i-1];
highC[i] = HighC[i-1];
lowc[i] = lowc[i-1];
if ((trend[i]>=0) && ( C[i] <VS[i] ))
{
trend[i] =-1;
HighC[i] = C[i];
lowc[i] = C[i];
}
if ((trend[i]<=0) && (C[i] >VS[i]))
{
trend[i]=1;
HighC[i] = C[i];
lowc[i] = C[i];
}
if (trend[i]==-1)
{
if (C[i]<lowc[i]) lowc[i] = C[i];
VS[i]= lowc[i]+ (mult*f[i]);
}
if (trend[i]==1)
{
if (C[i]>HighC[i]) HighC[i] = C[i];
VS[i]= HighC[i]-(mult*f[i]);
}
}
Plot(Close,"Close",colorBlue,styleCandle);
Plot(VS, "Vol Stop",IIf(trend==1,10,11 ),styleThick);
mkol = IIf( Trend==1, 10, 11);
Plot(5, "ribbon", mkol, styleOwnScale|styleArea|styleNoLabel, 0, -5); // Weekly trend
_SECTION_END();
_SECTION_BEGIN("EMA");
EMA6 =EMA(Close,6);
EMA11 =EMA(Close,11);
Plot( EMA6, _DEFAULT_NAME(), colorRed, styleThick );
Plot( EMA11, _DEFAULT_NAME(), colorBlue, styleThick );
_SECTION_END();
//TimeFrameRestore();
Buy = Cross(EMA6,EMA11)
AND Close > VS;
Sell = Cross (EMA11,EMA6)
AND Close <VS;
shape = Buy * shapeUpArrow + Sell * shapeDownArrow;
PlotShapes( shape, IIf( Buy, colorGreen, colorRed ), 0, IIf( Buy, Low-f, High+f));