mercredi 3 septembre 2014

Amibroker - Coding a consolidation pattern followed by a bullish bar

Hello,



I want Amibroker to Buy if there has been:



- a consolidation (flatline/ small bars moving between a small price range) , and

- this is followed by a breakout bar ( ie a medium/ large bullish bar) that looks significant compared to the consolidation bars.



I have coded this. But I am struggling to get it to work. Is what I'm asking too restrictive?



Has anyone done this before..... preferably in beginner (array) language?



Code:



highval= Ref (HHV (H, 15), -1);

lowval = Ref (LLV (L, 15), -1);

percentchange = ((highval - lowval)/ lowval)*100;



Cond1 = percentchange < 2; // consolidation moves in a range of less than 2%

Cond2 = H> (1.05*L); // Big candle

Cond3 = C>O and C>L; // Green bar

Cond4 = C>highval; // Close of big bar is greater than highest high in consolidation period



Buy = Cond1 AND Cond2 AND Cond3 AND Cond4;

Sell = 0;



Applystop (stopTypeTrailing, stopModePercent,10,0,True,0);



Thanks in advance,



Regards



Tradezy




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