Chaloke Peak Trough System
The Chaloke Peak Trough System, when implemented in Amibroker using AFL and Amibroker data, enables traders to identify significant market turning points. This system combines peak and trough analysis with trend-following techniques to make informed trading decisions and manage risk effectively.
_SECTION_BEGIN("Chaloke.com Peak");
///// Chaloke.com Peak-Trough System /////
Sens=Param("Sens",1,0.25,5,0.25);
PK=Peak(Close,Sens,1);
TGH=Trough(Close,Sens,1);
Color=IIf(BarsSince(Cross(C,Ref(PK,-1)))<BarsSince(Cross(Ref(TGH,-1),C)),colorBrightGreen,colorRed);
Plot(C,"Chaloke.com Peak-Trough System 1.0",Color,64);
PlotShapes( Cross(C,Ref(PK,-1))*shapeUpArrow,colorYellow,0,L);
PlotShapes( Cross(Ref(TGH,-1),C)*shapeDownArrow,colorRed,0,H);
Plot(Zig(C,Sens),"",colorWhite,1);
_SECTION_END();