Trend Chaloke System
The Trend Chaloke System, developed with Amibroker AFL and Amibroker data, assists traders in identifying and riding market trends. This system combines Chaloke indicators with trend-following techniques, helping traders make informed decisions by analyzing price data and trend strength. It’s a valuable tool for traders seeking to capitalize on trending markets.
_SECTION_BEGIN("Chaloke System3");
///// Chaloke System3 /////
P1=Param("ShortTerm Period",9,3,15,1);
P2=Param("MidTerm Period",15,9,24,1);
P3=Param("LongTerm Period",24,15,50,1);
P4=Param("Invesment Term",5,1,12,1);
P5=Param("ATR Period",5,1,25,1);
Sm=2*P5/10;
ATRX=Sm*ATR(P4);
S=EMA(C,P1) - ATRX;
M=EMA(C,P2) -ATRX;
lg=EMA(C,P3) -ATRX;
Sht=IIf(C==HHV(C,3),S,Ref(EMA(C,9),-1)-ATRX);
Mid=IIf(C==HHV(C,3),M,Ref(EMA(C,15),-1)-ATRX);
Lng=IIf(C==HHV(C,3),Lg,Ref(EMA(C,24),-1)-ATRX);
Color=IIf(Sht>Mid AND C > Sht ,colorGreen,IIf(C < lng OR
Sht<lng,colorRed,colorBlack));
Plot(Mid,"ChalokeSystem3",colorBlack,styleLine);
Plot(Sht,"",colorBlue,styleLine);
Plot(lng,"",colorRed,styleLine);
Plot(C,"",Color,64);
Change=C-Ref(C,-1);
Title=Name()+" "+Date()+" "+"Chaloke System 3"+"
Vol="+Volume+" "+"O="+Open+"
H="+HHV(H,1)+" L="+LLV(L,1)+" Close="+ Close+"
"+Change;
Buy=Sht>Mid AND C > Sht ;
Sell=C < lng OR Sht<lng ;
Buy=ExRem(Buy,Sell); Sell=ExRem(Sell,Buy);
PlotShapes( shapeHollowUpArrow* Buy , colorBrightGreen ,0);
PlotShapes( shapeHollowDownArrow* Sell, colorRed ,0);
Filter = Buy OR Sell;
Buy=ExRem(Buy,Sell); Sell=ExRem(Sell,Buy);
AddTextColumn(FullName(),"Name");
AddColumn( Buy, "BUY" );
AddColumn( Sell, "SELL" );
_SECTION_END();