Trix Bars Number
Transform your trading strategies using Trix Bars Number AFL, seamlessly integrated with Amibroker data feed. This tool gauges trend strength through triangular moving averages. Amibroker data refines its accuracy, assisting traders in interpreting trend momentum and optimizing their entries and exits effectively.
// Trix Bars number
// Trix Bars number for each swing
periods = Param( "Periods", 5, 2, 200, 1 );
TrixOnClose = Trix( periods );
uptx = TrixOnClose >= Ref( TrixOnClose, -1 );
dntx = TrixOnClose <= Ref( TrixOnClose, -1 );
Peaktrix = TrixOnClose > Ref( TrixOnClose, -1 )AND TrixOnClose > Ref( TrixOnClose, 1 );
Troughtrix = TrixOnClose < Ref( TrixOnClose, -1 )AND TrixOnClose < Ref( TrixOnClose, 1 ) ;
BarsUp = BarsSince( dntx );
BarsDn = BarsSince( uptx );
Colortx = IIf( uptx , colorBrightGreen, IIf( dntx , colorRed, colorGreen ) );
Plot( TrixOnClose, "Trix (" + periods + ")" , Colortx, styleThick );
// Trix's ribbon
Ribbon = IIf( uptx , colorBrightGreen, IIf( dntx , colorRed, colorBrightGreen ) );
Plot( 3, "", Ribbon , styleOwnScale | styleArea | styleNoLabel, 0, 100 );
// plot a text at 5% from bottom's pane
percent = Param( "PositText%", 5, 2, 90, 0.5 );
Miny = Status( "axisminy" );
Maxy = Status( "axismaxy" );
y = Miny + ( Maxy - Miny ) * percent / 100; // at 5 % above bottom of the pane
for ( i = 0; i < BarCount; i++ )
{
if ( Peaktrix [i] )
PlotText( "" + BarsUp [ i ], i - BarsUp [ i ] / 2 + 1, y, colorGreen );
if ( Troughtrix [i] )
PlotText( "" + BarsDn [ i ], i - BarsDn [ i ] / 2 + 1, y, colorRed );
}
GraphXSpace = 10;