Best RSI AFL: Determine Price At A Specific RSI For Amibroker AFL
Amibroker AFL
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DETERMINE PRICE AT A SPECIFIC RSI FOR AMIBROKER AFL
Determine price at a specific RSI for Amibroker AFL is a modify Amibroker AFL. As RSI is one of the best indicator for Technical Analysis, so every trader find RSI in various way. Such as successful trader always find out like this – best rsi afl, rsi candle afl, rsi breakout afl, modified rsi afl, rsi exploration afl, best rsi buy sell afl, rsi trading system afl, rsi divergence back test, rsi divergence python, rsi divergence afl scanner, rsi overbought oversold afl, rsi cloud afl for amibroker & etc.
By this AFL trader can easily understand where to stay price level. RSI Levels – applied to Price Chart shows how far tomorrow’s closing price has to move in order for the RSI to cross the 70, 50 & 30 levels.
Image of Best RSI AFL [amibroker formula language].
In image shows that when price move to 70 level of RSI than its clearly move down. 50 level RSI also play a vital role in this AFL. Also 30 level RSI determine buy signal. Buy & Sell signal of RSI provide by its RSI rules. To know more about RSI Visit | pipschart.com/rsi/
Specific RSI for Amibroker AFL CODE
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nBars = Param("Number of bars", 12, 5, 40); bTrace = Param("Include trace output", 1, 0, 1); nNoPivsInSetup = Param("No. Pivs in Setup", 4, 3, 4, 1); bShowTCZ = Param("Show TCZ", 1, 0, 1); nMinBarsBtwPivs = Param("Min. number of bars btw. pivots", 1, 1, 10, 1); nMinPctBtwPivs = Param("Min. percent diff. btw. pivots", .05, .04, .2, .01); bLastBarCanBePiv = Param("Last bar can be a pivot", 1, 0, 1); retrcTolerance = .01; tczTolerance = .005; nNumBarsToScan = 120; // -- added from exploration version 20040204 nExploreBarIdx = 0; nExploreDate = 0; nCurDateNum = 0; DN = DateNum(); DT = DateTime(); // -- key exploration variables bTCZLong = False; bTCZShort = False; nAnchorPivIdx = 0; ADX8 = ADX(8); // 1 - INDICATOR, 2 - COMMENTARY, 3 - SCAN, // 4 - EXPLORATION, 5 - BACKTEST / Optimize if(Status("action")==1) { bDraw = True; bUseLastVis = Param("Use last visible bar", 1, 0, 1); } else { bDraw = False; bUseLastVis = False; bTrace = False; nExploreDate = Status("rangetodate"); for (i=LastValue(BarIndex());i>=0;i--) { nCurDateNum = DN[i]; if (nCurDateNum == nExploreDate) { nExploreBarIdx = i; } } // -- if(Status("action")==1... } GraphXSpace=7; // -- basic candle chart // -- if this appears inside if block, strange // drawing results! PlotOHLC(Open, High, Low, Close, "BIdx = " + BarIndex() + "\n" + "O = " + O + "\n"+"H = "+ H + "\n"+"L = " + L + "\n"+"C ", colorWhite, styleCandle); // -- Create 0-initialized arrays the size of barcount aHPivs = H - H; aLPivs = L - L; aHPivHighs = H - H; aLPivLows = L - L; aHPivIdxs = H - H; aLPivIdxs = L - L; aAddedHPivs = H - H; aAddedLPivs = L - L; aLegVol = H - H; aRetrcVol = H - H; nHPivs = 0; nLPivs = 0; lastHPIdx = 0; lastLPIdx = 0; lastHPH = 0; lastLPL = 0; curPivBarIdx = 0; // -- looking back from the current bar, how many bars // back were the hhv and llv values of the previous // n bars, etc.? aHHVBars = HHVBars(H, nBars); aLLVBars = LLVBars(L, nBars); aHHV = HHV(H, nBars); aLLV = LLV(L, nBars); // -- Initialize value of curTrend nLastVisBar = LastValue( Highest(IIf(Status("barvisible"), BarIndex(), 0))); curBar = IIf(nlastVisBar > 0 AND bUseLastVis, nlastVisBar, IIf(Status("action")==4 AND nExploreBarIdx > 0, nExploreBarIdx, LastValue(BarIndex()))); curTrend = ""; if (aLLVBars[curBar] < aHHVBars[curBar]) curTrend = "D"; else curTrend = "U"; // -- Loop through bars. Search for // entirely array-based approach // in future version /* ******************* Find main pivots ******************* */ // -- Make sure there are enough bars! if (curBar >= nNumBarsToScan) { for (i=0; i<nNumBarsToScan; i++) { // -- value of curBar dependent on two parameters curBar = IIf(nlastVisBar > 0 AND bUseLastVis, nlastVisBar-i, IIf(Status("action")==4 AND nExploreBarIdx > 0, nExploreBarIdx-i, LastValue(BarIndex())-i)); // -- Have we identified a pivot? If trend is down... if (aLLVBars[curBar] < aHHVBars[curBar]) { // ... and had been up, this is a trend change if (curTrend == "U") { curTrend = "D"; // -- Capture pivot information curPivBarIdx = curBar - aLLVBars[curBar]; aLPivs[curPivBarIdx] = 1; aLPivLows[nLPivs] = L[curPivBarIdx]; aLPivIdxs[nLPivs] = curPivBarIdx; nLPivs++; } // -- or current trend is up } else { if (curTrend == "D") { curTrend = "U"; curPivBarIdx = curBar - aHHVBars[curBar]; aHPivs[curPivBarIdx] = 1; aHPivHighs[nHPivs] = H[curPivBarIdx]; aHPivIdxs[nHPivs] = curPivBarIdx; nHPivs++; } // -- If curTrend is up...else... } // -- loop through bars } } /* ******************* Found main pivots ******************* */ /* ************************* Finding missed pivot(s) ************************* */ // -- Start at last bar. Reestablish curBar curBar = IIf(nlastVisBar > 0 AND bUseLastVis, nlastVisBar, IIf(Status("action")==4 AND nExploreBarIdx > 0, nExploreBarIdx, LastValue(BarIndex())) ); // -- Make sure I found at least two of each above. if (nHPivs >= 2 AND nLPivs >= 2) { lastLPIdx = aLPivIdxs[0]; lastLPL = aLPivLows[0]; lastHPIdx = aHPivIdxs[0]; lastHPH = aHPivHighs[0]; nLastHOrLPivIdx = Max(lastLPIdx, lastHPIdx); nAddPivsRng = curBar - nLastHOrLPivIdx; aLLVAfterLastPiv = LLV(L, nAddPivsRng); nLLVAfterLastPiv = aLLVAfterLastPiv[curBar]; aLLVIdxAfterLastPiv = LLVBars(L, nAddPivsRng); nLLVIdxAfterLastPiv = curBar - aLLVIdxAfterLastPiv[curBar]; aHHVAfterLastPiv = HHV(H, nAddPivsRng); nHHVAfterLastPiv = aHHVAfterLastPiv[curBar]; aHHVIdxAfterLastPiv = HHVBars(H, nAddPivsRng); nHHVIdxAfterLastPiv = curBar - aHHVIdxAfterLastPiv[curBar]; // -- Later want to add last high pivot only if // not in buy mode from last and still in trade /* Note - I'm only interested in adding pivots if I'm in a higher-highs or lower-lows scenario */ // -- OK, let's start where the last high pivot occurs after the // last Low pivot if (lastHPIdx > lastLPIdx) { /* There are at least two possibilities here. One is that the previous high was higher, indicating that this is a possible short retracement or one in the making. The other is that the previous high was lower, indicating that this is a possible long retracement in the working. However, both depend on opposing pivots. E.g., if I find higher highs, what if I have lower lows? If the highs are descending, then I can consider: - a lower low, and leave it at that - a higher high and higher low - a lower low and another lower high */ if (aHPivHighs[0] < aHPivHighs[1]) { if (nLLVAfterLastPiv < aLPivLows[0] AND (nLLVIdxAfterLastPiv - lastHPIdx - 1) >= nMinBarsBtwPivs AND nLLVIdxAfterLastPiv != curBar ) { // -- OK, we'll add this as a pivot. // Mark it for plotting... aLPivs[nLLVIdxAfterLastPiv] = 1; aAddedLPivs[nLLVIdxAfterLastPiv] = 1; // ...and then rearrange elements in the // pivot information arrays for (j=0; j<nLPivs; j++) { aLPivLows[nLPivs-j] = aLPivLows[nLPivs-(j+1)]; aLPivIdxs[nLPivs-j] = aLPivIdxs[nLPivs-(j+1)]; } aLPivLows[0] = nLLVAfterLastPiv; aLPivIdxs[0] = nLLVIdxAfterLastPiv; nLPivs++; // -- Test whether to add piv given last piv is high // AND we have lower highs } // -- Here, the last piv is a high piv, and we have // higher-highs. The most likely addition is a // Low piv that is a retracement. } else { if (nLLVAfterLastPiv > aLPivLows[0] AND (nLLVIdxAfterLastPiv - lastHPIdx - 1) >= nMinBarsBtwPivs AND nLLVIdxAfterLastPiv != curBar ) { // -- OK, we'll add this as a pivot. // Mark it for plotting... aLPivs[nLLVIdxAfterLastPiv] = 1; aAddedLPivs[nLLVIdxAfterLastPiv] = 1; // ...and then rearrange elements in the // pivot information arrays for (j=0; j<nLPivs; j++) { aLPivLows[nLPivs-j] = aLPivLows[nLPivs-(j+1)]; aLPivIdxs[nLPivs-j] = aLPivIdxs[nLPivs-(j+1)]; } aLPivLows[0] = nLLVAfterLastPiv; aLPivIdxs[0] = nLLVIdxAfterLastPiv; nLPivs++; // -- Test whether to add piv given last piv is high // AND we have lower highs } // -- The last piv is a high and we have higher highs // OR lower highs } /* **************************************************************** Still finding missed pivot(s). Here, the last piv is a low piv. **************************************************************** */ } else { // -- First case, lower highs if (aHPivHighs[0] < aHPivHighs[1]) { if (nHHVAfterLastPiv < aHPivHighs[0] AND (nHHVIdxAfterLastPiv - lastLPIdx - 1) >= nMinBarsBtwPivs AND nHHVIdxAfterLastPiv != curBar ) { // -- OK, we'll add this as a pivot. // Mark that for plotting aHPivs[nHHVIdxAfterLastPiv] = 1; aAddedHPivs[nHHVIdxAfterLastPiv] = 1; // ...and then rearrange elements in the // pivot information arrays for (j=0; j<nHPivs; j++) { aHPivHighs[nHPivs-j] = aHPivHighs[nHPivs-(j+1)]; aHPivIdxs[nHPivs-j] = aHPivIdxs[nhPivs-(j+1)]; } aHPivHighs[0] = nHHVAfterLastPiv; aHPivIdxs[0] = nHHVIdxAfterLastPiv; nHPivs++; // -- Test whether to add piv given last piv is high // AND we have lower highs } // -- Second case when last piv is a low piv, higher highs // Most likely addition is high piv that is a retracement. // Considering adding a high piv as long as it is higher } else { // -- Where I have higher highs, if (nHHVAfterLastPiv > aHPivHighs[0] AND (nHHVIdxAfterLastPiv - lastLPIdx - 1) >= nMinBarsBtwPivs AND nHHVIdxAfterLastPiv != curBar ) { // -- OK, we'll add this as a pivot. // Mark it for plotting... aHPivs[nHHVIdxAfterLastPiv] = 1; aAddedHPivs[nHHVIdxAfterLastPiv] = 1; // ...and then rearrange elements in the // pivot information arrays for (j=0; j<nHPivs; j++) { aHPivHighs[nHPivs-j] = aHPivHighs[nHPivs-(j+1)]; aHPivIdxs[nHPivs-j] = aHPivIdxs[nhPivs-(j+1)]; } aHPivHighs[0] = nHHVAfterLastPiv; aHPivIdxs[0] = nHHVIdxAfterLastPiv; nHPivs++; // -- Test whether to add piv given last piv is high // AND we have lower highs } } } // -- If there are at least two of each } /* **************************************** // -- Done with finding pivots ***************************************** */ if (bDraw) { // -- OK, let's plot the pivots using arrows PlotShapes( IIf(aHPivs==1, shapeDownArrow, shapeNone), colorRed, 0, High, Offset=-15); PlotShapes( IIf(aAddedHPivs==1, shapeDownArrow, shapeNone), colorBrown, 0, High, Offset=-15); PlotShapes( IIf(aLPivs==1, shapeUpArrow , shapeNone), colorGreen, 0, Low, Offset=-15); PlotShapes( IIf(aAddedLPivs==1, shapeUpArrow , shapeNone), colorBlue, 0, Low, Offset=-15); } /* **************************************** // -- Done with discovering and plotting pivots ***************************************** */ _SECTION_END(); |
How to Use AFL for Amibroker
- Download Amibroker AFL File.
- Now copy the afl file and paste it to \Program Files\AmiBroker\Formulas\Custom. [For 32 bit]
- Have you 64 bit operating system? Than paste it to : \Program Files(x86)\AmiBroker\Formulas\Custom.
- Go to formula section of Amibroker and you will get the afl in Custom folder.
Watch Our Video Tutorial | How To Set Amibroker?
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