Up & Down Trend Arrow
The Up & Down Trend Arrow indicator in Amibroker, utilizing historical and real-time market data, displays arrows to signify potential trend reversals or continuations. Integrated with Amibroker Data Feed, this indicator assists traders in promptly identifying changes in price trends, aiding in decision-making for entries or exits based on current market dynamics.
/_SECTION_BEGIN("HLCby3");
pivot = (H +L+C)/3;
piv = EMA (pivot,Param("short ema",5,1,20,1));
piv2 = EMA (pivot,Param("fast ema",10,1,50,1));
Buy = Cross (piv, piv2);
Short = Cross (piv2,piv);
Sell = Short;
Cover= Buy;
pivot_col = IIf (pivot > Ref(pivot,-1), colorBlue,colorRed);
piv_col = IIf (piv > Ref(piv,-1), colorBlue,colorRed);
piv2_col = IIf (piv2 > Ref(piv2,-1),colorBlue, colorRed);
//Plot (pivot , "pivot", piv_col, styleThick);
bar_col = IIf (MACD( 5, 34 ) > Signal( 5, 34, 14 ), colorBlue, colorRed);
//Plot (pivot , "pivot", pivot_col, styleThick);
Plot (piv , "piv", piv_col, styleThick);
Plot (piv2 , "piv2", piv2_col, styleThick);
Col = IIf (H > Ref(H,-1) AND L > Ref(L,-1), colorBlue, IIf (Low < Ref(L,-1) AND High < Ref(H,-1),colorRed, colorYellow));
Plot( C, "Close", bar_Col, styleNoTitle | ParamStyle("Style") | GetPriceStyle() );
PlotShapes (shapeUpArrow*Buy, colorGreen);
PlotShapes (shapeDownArrow*Short, colorRed);
//pv_col = IIf ( ADX(9) > Ref(ADX(9),-1) AND PDI( 9 ) > MDI( 9 ),colorBlue,IIf (ADX(9) > Ref(ADX(9),-1) AND PDI( 9 ) < MDI( 9 ),colorRed, colorYellow));
pv_col = IIf ( piv_col == colorBlue AND piv2_col ==colorBlue,colorBlue,IIf ( piv_col == colorRed AND piv2_col ==colorRed,colorRed,colorYellow));
Plot(3, "ribbon", piv_col, styleOwnScale| styleArea|styleNoLabel,-0.5,100);
_SECTION_END();