AFL Library

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Details:

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Description:

This exploration identify price trends by counting the number of new highs (or lows) that a stock has made during the last 50 days and sort the result in descending order.

Formula:

LK=50;

Filter = Status("lastbarinrange");


A1= IIf( L> Ref(HHV( Close,LK),-5), 1, 0 ); 

A2= Sum( A1, LK ) ;


B1= IIf( H< Ref(LLV( Close,LK),-5), 1, 0 ); 

B2= Sum( B1, LK ) ;


SetOption("NoDefaultColumns", True);

AddTextColumn( Name(), "ticker", 1, textColor=colorBlack,
bkgndColor=colorLime);

AddColumn( DateTime(), "date/time", formatDateTime, colorBlack, colorLime);

AddColumn( A2, "New Highs", 1.0, textColor = colorBlack, bkgndColor =
colorLightOrange  );

AddColumn( B2, "New Lows", 1.0, textColor = colorBlack, bkgndColor =
colorLightOrange  );

AddColumn( Correlation(Cum(1),Close,LK), "Correlation Trend", 1.2, textColor =
colorBlack, bkgndColor = colorLightOrange );

AddColumn( ROC(C,LK), "Percentage Return", 1.0,textColor = colorBlack,
bkgndColor = colorLightOrange  );

AddColumn( ROC(C,LK)/StDev(ROC(C,LK),LK), "Risk Adjusted Returns",
1.0,textColor = colorBlack, bkgndColor = colorLightOrange  );

SetSortColumns( -3 );

Comments: