This is read-only version of AFL library entry. Ability to add user formulas
and comment is only available from members-only area.
Details:
Formula name:
Pivots And Prices
Author/Uploader:
reinsley - (email hidden)
Date/Time added:
2010-01-02 13:12:09
Origin:
// based on Pramod's comments http://www.amibroker.com/library/detail.php?id=617
Keywords:
pivot
Level:
basic
Flags:
indicator
DISCLAIMER: Most formulas present in AFL on-line library are submitted
by the users and are provided here on an "as is" and "as available" basis.
AmiBroker.com
makes no representations or warranties of any kind to the contents or the operation
of material presented here. We do not maintain nor provide technical support
for 3rd party formulas. Description:
// pivots and prices
// based on Pramod\'s comments http://www.amibroker.com/library/detail.php?id=617
// adapted by Reinsley : Plot Prices on Pivot and ajustable digits #
// mod by Sanjiv Bansal : take care of Highs or Lows when two adjacent bars are equal
// does not reference to future
Formula:
// pivots and prices
// based on Pramod's comments
http://www.amibroker.com/library/detail.php?id=617
// adapted by Reinsley : Prices on Pivot and ajustable digits #
// mod by Sanjiv Bansal : take care of Highs or Lows when two adjacent bars are
equal
// does not reference to future
SetChartOptions( 0, chartShowDates );
_SECTION_BEGIN( "Price" );
_N( Title = StrFormat( "{{NAME}} - {{INTERVAL}} {{DATE}} \nOp %g, \nHi %g, \nLo
%g, \nCl %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ) );
Plot( C, "Close", ParamColor( "Color", colorBlack ), styleNoTitle | styleCandle
| styleThick );
_SECTION_END();
_SECTION_BEGIN( "pivot" );
price = ParamToggle( "Plot Price", "Off|On", 1 );
num = Param( "trend", 4, 1, 10, 1 );
dist = 0.5 * ATR( 10 );
rightfig = Param( "rightfig ", 7, 1, 10, 1 );
xspace = Param( "GraphXSpace ", 10, 1, 20, 1 );
mHHV = HHV( H, num );
mLLV = LLV( L, num );
FirstVisibleBar = Status( "FirstVisibleBar" );
Lastvisiblebar = Status( "LastVisibleBar" );
for ( b = Firstvisiblebar + num; b <= Lastvisiblebar AND b < BarCount -
num; b++ )
{
i = num;
ml = 0;
mu = 0;
while ( i > 0 )
{
if ( L[b] < L[b+i] )
{
ml++;
}
if ( H[b] > H[b+i] )
{
mu++;
}
i--;
}
if ( ml == num AND L[B] == mLLV[B] )
{
PlotText( "\n *\n", b, L[b], colorGreen );
if ( price == 1 )
{
p = StrRight( NumToStr( L[b], 4.1 ), rightfig );
PlotText( "\n\n" + p, b - 2 , L[b] , colorGreen );
}
}
if ( mu == num AND H[B] == mHHV[B] )
{
PlotText( " *\n", b, H[b], colorRed );
if ( price == 1 )
{
p = StrRight( NumToStr( H[b], 4.1 ), rightfig );
PlotText( p , b - 2 , H[b] + dist[b] + 1, colorRed );
}
}
}
_SECTION_END();
GraphXSpace = xspace;
Comments:
Pramod
2010-03-09 12:15:59
Thank you.
CC cam_111000 [at] yahoo.com.au 2010-05-21 02:58:20
Thanks reinsley.
I wonder if you could create an EXPLORATION to identify the following pattern of low pivot points (LLP).
1. most recent LPP > previous LPP
2. previous LPP < LPP before that
...in other words, finding charts where a reverse head-and-shoulder pattern might exist.