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Details:
Formula name:
TrendingRibbonArrowsADX
Author/Uploader:
Viorel CRISTEA - spintariscop [at] yahoo.com
Date/Time added:
2009-07-04 15:05:20
Origin:
TrendingRibbon
Keywords:
isrg
Level:
basic
Flags:
system
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for 3rd party formulas. Description:
Buy (sell) signals exhaustive(!?) trading system, with elementary, but strong rules.
Formula:
// Paste the code below to your price chart somewhere and green ribbon means
both
// both MACD and ADX trending up so if the red ribbon shows up the MACD and the
ADX
// are both trending down.
_SECTION_BEGIN("trending ribbon");
uptrend=PDI()>MDI() AND MACD()>Signal() AND (ADX()>20);
downtrend=MDI()>PDI() AND Signal()>MACD();
_SECTION_END();
_SECTION_BEGIN("Price");
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() );
_SECTION_END();
Buy=Cross(StochK(),StochD()) AND uptrend OR Cross(PDI(),MDI()) AND uptrend OR
Cross(ADX(),MDI()) AND (PDI()>MDI()) OR Cross(MACD(),Signal()) AND (ADX()>20)
AND (StochK()>StochD());
Sell=Cross(Signal(),MACD());
PlotShapes(IIf(Buy,shapeUpArrow,shapeNone),colorGreen,0,Low,Offset=-15);
PlotShapes(IIf(Sell,shapeDownArrow,shapeNone),colorRed,0,High,Offset=-15);
Comments:
Evelyn
2009-07-05 09:15:07
I believe the following code is needed in order to plot the ribbon:
Plot( 2, /* defines the height of the ribbon in percent of pane width */\\\"ribbon\\\",
IIf( uptrend, colorBrightGreen, IIf( downtrend, colorRed, 0 )), /* choose color */
styleOwnScale|styleArea|styleNoLabel, -0.5, 100 );
// Paste the code below to your price chart somewhere and green ribbon means both
// both MACD and ADX trending up so if the red ribbon shows up the MACD and the ADX
// are both trending down.
_SECTION_BEGIN(\\\"trending ribbon\\\");
uptrend=PDI()>MDI() AND MACD()>Signal() AND (ADX()>20);
downtrend=MDI()>PDI() AND Signal()>MACD();
_SECTION_END();
_SECTION_BEGIN(\\\"Price\\\");
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() );
_SECTION_END();
Buy=Cross(StochK(),StochD()) AND uptrend OR Cross(PDI(),MDI()) AND uptrend OR Cross(ADX(),MDI()) AND (PDI()>MDI()) OR Cross(MACD(),Signal()) AND (ADX()>20) AND (StochK()>StochD());
Sell=Cross(Signal(),MACD());
