AFL Library

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Details:

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Description:

It is useful line study for intraday treading to decide the strength of a stock. it will divide the stock movement in to three zone.
precises in upper zone indicate bullishness.
precises in middle zone indicate no tread zone(sideways market).
precises in lower zone indicate bearish zone.

Formula:

_SECTION_BEGIN("Three Track");
SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g,
Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ));
Plot( C, "Close", ParamColor("Color", colorBlack ), styleNoTitle |
ParamStyle("Style") | GetPriceStyle() ); 
NewDay = Day()!= Ref(Day(), -1);
DH = HHV( H, NewDay);
DL =  LLV(L, NewDay);
Plot(DH,"DAY HIGH",colorBlue,ParamStyle("Style"),0,0,0);
Plot(DL,"DAY LOW",colorRed,ParamStyle("Style"),0,0,0);
R1=((DH-DL)*0.33)+DL;
R2=((DH-DL)*0.66)+DL;
Plot(R1,"FIBO1",colorYellow,styleDashed,0,0,0);
Plot(R2,"FIBO2",colorYellow,styleDashed,0,0,0);
_SECTION_END();

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