Advanced support resistence and trendlines afl

vijayanscbe

Well-Known Member
#65
//////////////////////////////////////////////////////////////////////////////////////////
SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} ,{{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ));
Plot(C, "", IIf(O>=C, colorOrange, colorGreen),styleCandle);

SetChartBkGradientFill( ParamColor("Inner panel upper",colorBlack),ParamColor("Inner panel lower",colorBlack));
_N(Title = EncodeColor(colorWhite)+StrFormat(" {{NAME}} - {{INTERVAL}} {{DATE}} Open:%g, Close:%g ,{{VALUES}}",O,C ));

/////////////////////////////////////////////////////////////////////////////////////////////

Plot(EMA(C,13),"",colorYellow);
/////////////////////////////////////////////////////////////

per1=Param ("per1", 0.325,0.1,50,0.10);

per=per1;
x = Cum(1);
s1=L;
s11=H;
pS = TroughBars( s1, per, 1 ) == 0;
endt= LastValue(ValueWhen( pS, x, 1 ));
startt=LastValue(ValueWhen( pS, x, 2 ));
dtS =endt-startt;
endS = LastValue(ValueWhen( pS, s1, 1 ) );
startS = LastValue( ValueWhen( pS, s1, 1 ));
aS = (endS-startS)/dtS;
bS = endS;
trendlineS = aS * ( x -endt ) + bS;
g3= IIf(x>startt-10,trendlineS,-1e10);
Plot(g3,"",colorRed,styleDashed);

pR = PeakBars( s11, per, 1 ) == 0;
endt1= LastValue(ValueWhen( pR, x, 1 ));
startt1=LastValue(ValueWhen( pR, x, 2 ));
dtR =endt1-startt1;
endR = LastValue(ValueWhen( pR, s11, 1 ) );
startR = LastValue( ValueWhen( pR, s11, 1 ));
aR = (endR-startR)/dtR;
bR = endR;
trendlineR = aR * ( x -endt1 ) + bR;
g4= IIf(x>startT1-10,trendlineR,-1e10);
Plot(g4,"",colorGreen,styleDashed);
//////////////////////////////////////////////////////////////////////////////////////////////////
perc=per1;
x=BarIndex();xx=LastValue(x);
t1=LastValue(ValueWhen(PeakBars(C,perc)==0,x)) ;
H1=LastValue(ValueWhen(PeakBars(C,perc)==0,C)) ;
t11=LastValue(ValueWhen(TroughBars(C,perc)==0, x));
H11=LastValue(ValueWhen(TroughBars(C,perc)==0, C));
g=t1>t11;
shape=IIf(g,shapeDownArrow*(x==t1),shapeUpArrow*(x ==t11));
Color=IIf(g,colorRed,colorGreen);
PlotShapes(shape,color);
/////////////////////////////////////////////////////////////////////////////////////////////////

per=per1;

x = Cum(1);
s1=C;
s11=C;
pS = TroughBars( s1, per, 1 ) == 0;
endt= LastValue(ValueWhen( pS, x, 1 ));
startt=LastValue(ValueWhen( pS, x, 2 ));
dtS =endt-startt;
endS = LastValue(ValueWhen( pS, s1, 1 ) );
startS = LastValue( ValueWhen( pS, s1, 2 ));
aS = (endS-startS)/dtS;
bS = endS;
trendlineS = aS * ( x -endt ) + bS;
g3= IIf(x>startt-10,trendlineS,-1e10);
Plot(g3,"",colorRed,styleThick);

pR = PeakBars( s11, per, 1 ) == 0;
endt1= LastValue(ValueWhen( pR, x, 1 ));
startt1=LastValue(ValueWhen( pR, x, 2 ));
dtR =endt1-startt1;
endR = LastValue(ValueWhen( pR, s11, 1 ) );
startR = LastValue( ValueWhen( pR, s11, 2 ));
aR = (endR-startR)/dtR;
bR = endR;
trendlineR = aR * ( x -endt1 ) + bR;
g4= IIf(x>startT1-10,trendlineR,-1e10);
Plot(g4,"",colorGreen,styleThick);
//////////////////////////////////////////////////////////////////////////////





this slight alteration of the afl ............. it shows only the last pattern so that it is useful for trading but not for backtesting ...........it eliminates our err ie some times we may forget to keep the cursor on the last bar......:D
 
#69
Vijayanscbe i am very thankful to you for such great AFL

your AFl is also useful for stocks for time interval of 7 Minuts only ,but trader must be experienced with having basic knowledge of chart pattern and support resistance.

thank you once again
 

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