Chaloke System
Chaloke System is a comprehensive trading approach implemented using Amibroker AFL. Traders use this system to make informed trading decisions based on specific criteria and indicators. With the support of Amibroker Data Feeder, traders can access real-time market data and effectively execute the Chaloke System, allowing them to adapt their trading strategies to changing market dynamics.
_SECTION_BEGIN("Chaloke System 2");
//////Chaloke System 2 (1st edition)/////////
Length=15;
Smooth=3;
FixV=5;
Factor=1;
//Chande oscillator
cmopds=Length;
CMO_1=Sum( IIf( C > Ref( C, -1 ) , ( C - Ref( C ,-1 ) ) ,0 ) ,cmopds ) ;
CMO_2=Sum( IIf( C < Ref( C ,-1 ) , ( Ref( C ,-1 ) - C ) ,0 ) ,cmopds );
CMO=100 * (( CMO_1 -CMO_2) /( CMO_1+CMO_2));
AbsCMO=( abs(CMO) )/100;
SC=2/(Smooth+1);
Chaloke=AMA( C, SC*AbsCMO );
Sys2Up=Chaloke+(Factor*StDev(Chaloke,FixV));
Sys2Dn=Chaloke-(Factor*StDev(Chaloke,FixV));
Chaloke_Color=IIf(C > sys2up ,colorBrightGreen,IIf(C < sys2dn ,colorRed,colorBlack));
Plot(Chaloke,"Chaloke System2",colorBlack,styleLine);
Plot(Sys2Up,"Sys2Up",colorBlue,styleLine);
Plot(sys2Dn,"Sys2Dn",colorRed,styleLine);
Plot(C,"Close",Chaloke_Color,64);
_SECTION_END();