Confirming Price Trend
Amibroker users can employ AFL code to develop indicators and systems that confirm price trends. These tools help traders validate the direction of a trend and reduce false signals. Amibroker data is integral for accurate trend analysis and confirmation, enabling traders to make more precise trading decisions.
_SECTION_BEGIN("CONFIRMING PRICE TREND");
Periods = Param("Periods", 20, 2, 200, 1, 10 );
Plot( LinRegSlope( C, Periods ), "LinRegSlope("+Periods+")", colorGreen, styleHistogram | styleThick );
_SECTION_END();