Amazing Trailing Stop Loss AFL For Amibroker

AMAZING TRAILING STOP LOSS AFL

Trailing Stop Loss Amibroker AFL will help the traders to remain in the trade according to the appropriate stop loss possibility. The trade which goes in the direction of the trend for a longer period will make the trade more profitable. The trailing stop is more flexible than a fixed stop loss, since it automatically tracks the stock’s price direction and does not have to be manually reset like the fixed stop loss. Like all stop orders, the trailing stop enforces trading discipline by taking the emotion out of the Sell decision, thus enabling traders and investors to protect profits and investment capital.

The act of Selling a security in order to lock in gains after it has risen appreciably. Profit taking can affect an individual stock, a specific sector, or the broad market. If there is an unexpected decline in a stock or equity index that has been rising, and no specific reason for the drop can be identified, the decline is frequently attributed to profit taking.

This Afl basically is a modify Trailing stop loss afl for amibroker. Basically its call for Trailing Stop Profit Taker Afl. This Afl use two line- profit taker line (Green) and Trailing Stop line (Red). Also for more information this afl use arrow signs which indicates where to profit taking. Here Amibroker Afl Code use for Wave Sound which makes it more real indication.

Image of AFL [amibroker formula language].

HERE IS AMIBROKER AFL CODE

//------------------------------------------------------
//  Formula Name:      TRAILING STOP PROFIT TAKER AFL By pipschart.com
//  Author	:      KrT group
//  Uploader	:      www.pipschart.com
//  E-mail	:      info@pipschart.com
//  Amibroker Blog:    www.pipschart.com/amibroker
//  Origin	:      Modified & Collected from different sources.
//------------------------------------------------------

_SECTION_BEGIN("KrT group Logo");
GfxSetBkMode(1);
X=750;
Y=1;
Font=10;
GfxSelectFont("Impact",Font*2.2, 550);GfxSetTextColor(colorRed);GfxTextOut("KrT group",x,y);
GfxSelectFont("Impact",Font*2.2, 550);GfxSetTextColor(colorGreen);GfxTextOut("RESEARCH",x+120,Y);

_SECTION_END();

//------------------------------------------------------------------------------

_SECTION_BEGIN("JIMBERG");
EntrySignal = C > ( LLV( L, 20 ) + 2 * ATR( 10 ) ); 
ExitSignal = C < ( HHV( H, 20 ) - 2 * ATR( 10 ) ); 
Color = IIf( EntrySignal, colorBlue, IIf( ExitSignal, colorOrange, colorGrey50 )); 
TrailStop = HHV( C - 2 * ATR(10), 15 ); 
ProfitTaker = EMA( H, 13 ) + 2 * ATR(10); 

/* plot price chart and stops */ 
Plot( TrailStop, "Trailing stop", colorBrown, styleThick | styleLine  ); 
Plot( ProfitTaker, "Profit taker", colorLime, styleThick ); 
Plot( C, "Price", color, styleCandle  ); 

/* plot color ribbon */ 
Plot( 2, "", Color, styleArea | styleOwnScale | styleNoLabel, -0.1, 50 );


  /* **********************************

Code to automatically identify pivots

********************************** */

// -- what will be our lookback range for the hh and ll?
farback=Param("How Far back to go",100,50,5000,10);
nBars = Param("Number of bars", 12, 5, 40);

// -- Title.

/* Title = Name() + " (" + StrLeft(FullName(), 15) + ") O: " + Open + ", 

H: " + High + ", L: " + Low + ", C: " + Close; */

// -- Plot basic candle chart

PlotOHLC(Open, High, Low, Close, 

"\n" + "O = " + O + "\n"+"H = "+ H + "\n"+"L = " + L 

+ "\n"+"C",

color, styleCandle); 

GraphXSpace=7;

// -- Create 0-initialized arrays the size of barcount

aHPivs = H - H;

aLPivs = L - L;

// -- More for future use, not necessary for basic plotting

aHPivHighs = H - H;

aLPivLows = L - L;

aHPivIdxs = H - H;

aLPivIdxs = L - L;

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);

// -- Would like to set this up so pivots are calculated back from

// last visible bar to make it easy to "go back" and see the pivots

// this code would find. However, the first instance of 

// _Trace output will show a value of 0

aVisBars = Status("barvisible");

nLastVisBar = LastValue(Highest(IIf(aVisBars, BarIndex(), 0)));

_TRACE("Last visible bar: " + nLastVisBar);

// -- Initialize value of curTrend

curBar = (BarCount-1);

curTrend = "";

if (aLLVBars[curBar] < 

aHHVBars[curBar]) {

curTrend = "D";

}

else {

curTrend = "U";

}

// -- Loop through bars. Search for 

// entirely array-based approach

// in future version

for (i=0; i<farback; i++) {

curBar = (BarCount - 1) - 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

} 

// -- Basic attempt to add a pivot this logic may have missed

// -- OK, now I want to look at last two pivots. If the most 

// recent low pivot is after the last high, I could

// still have a high pivot that I didn't catch

// -- Start at last bar

curBar = (BarCount-1);

candIdx = 0;

candPrc = 0;

lastLPIdx = aLPivIdxs[0];

lastLPL = aLPivLows[0];

lastHPIdx = aHPivIdxs[0];

lastHPH = aHPivHighs[0];

if (lastLPIdx > lastHPIdx) {

// -- Bar and price info for candidate pivot

candIdx = curBar - aHHVBars[curBar];

candPrc = aHHV[curBar]; 

if (

lastHPH < candPrc AND

candIdx > lastLPIdx AND

candIdx < curBar) {


// -- OK, we'll add this as a pivot...

aHPivs[candIdx] = 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] = candPrc ;

aHPivIdxs[0] = candIdx;

nHPivs++;

} 

} else {


// -- Bar and price info for candidate pivot

candIdx = curBar - aLLVBars[curBar];

candPrc = aLLV[curBar]; 

if (

lastLPL > candPrc AND

candIdx > lastHPIdx AND

candIdx < curBar) {


// -- OK, we'll add this as a pivot...

aLPivs[candIdx] = 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] = candPrc;

aLPivIdxs[0] = candIdx;

nLPivs++;

}

}

// -- Dump inventory of high pivots for debugging

/*

for (k=0; k<nHPivs; k++) {

_TRACE("High pivot no. " + k

+ " at barindex: " + aHPivIdxs[k] + ", " 

+ WriteVal(ValueWhen(BarIndex()==aHPivIdxs[k], 

DateTime(), 1), formatDateTime)

+ ", " + aHPivHighs[k]);

}

*/

// -- OK, let's plot the pivots using arrows

PlotShapes(

IIf(aHPivs==1, shapeDownArrow, shapeNone), colorRed, 0,

High, Offset=-15);

PlotShapes(
IIf(aLPivs==1, shapeUpArrow , shapeNone), colorGreen, 0, 

Low, Offset=-15);

AlertIf( aHPivs==1, "SOUND C:\\Windows\\Media\\Ding.wav", "Sell " + C,2,1+2,1);
AlertIf( aLPivs==1, "SOUND C:\\Windows\\Media\\Ding.wav","Buy " + C,1,1+2,1);
 
_SECTION_END();

_SECTION_BEGIN("SkyBlue's Animated BkGround");

for( i = 1; i < BarCount; i++ )
z = (GetPerformanceCounter()/100)%256;
anim=ColorHSB( ( i + z ) % 256, 255, 100 );
SetChartBkColor(anim);
RequestTimedRefresh(1);

_SECTION_END();

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//------------------------------------------------------

// Formula Name: TRAILING STOP PROFIT TAKER AFL By pipschart.com

// Author : KrT group

// Uploader : www.pipschart.com

// E-mail : info@pipschart.com

// Amibroker Blog: www.pipschart.com/amibroker

// Origin : Modified & Collected from different sources.

//------------------------------------------------------

_SECTION_BEGIN("KrT group Logo");

GfxSetBkMode(1);

X=750;

Y=1;

Font=10;

GfxSelectFont("Impact",Font*2.2, 550);GfxSetTextColor(colorRed);GfxTextOut("KrT group",x,y);

GfxSelectFont("Impact",Font*2.2, 550);GfxSetTextColor(colorGreen);GfxTextOut("RESEARCH",x+120,Y);

_SECTION_END();

//------------------------------------------------------------------------------

_SECTION_BEGIN("JIMBERG");

EntrySignal = C > ( LLV( L, 20 ) + 2 * ATR( 10 ) );

ExitSignal = C < ( HHV( H, 20 ) - 2 * ATR( 10 ) );

Color = IIf( EntrySignal, colorBlue, IIf( ExitSignal, colorOrange, colorGrey50 ));

TrailStop = HHV( C - 2 * ATR(10), 15 );

ProfitTaker = EMA( H, 13 ) + 2 * ATR(10);

/* plot price chart and stops */

Plot( TrailStop, "Trailing stop", colorBrown, styleThick | styleLine );

Plot( ProfitTaker, "Profit taker", colorLime, styleThick );

Plot( C, "Price", color, styleCandle );

/* plot color ribbon */

Plot( 2, "", Color, styleArea | styleOwnScale | styleNoLabel, -0.1, 50 );

/* **********************************

Code to automatically identify pivots

********************************** */

// -- what will be our lookback range for the hh and ll?

farback=Param("How Far back to go",100,50,5000,10);

nBars = Param("Number of bars", 12, 5, 40);

// -- Title.

/* Title = Name() + " (" + StrLeft(FullName(), 15) + ") O: " + Open + ",

H: " + High + ", L: " + Low + ", C: " + Close; */

// -- Plot basic candle chart

PlotOHLC(Open, High, Low, Close,

"\n" + "O = " + O + "\n"+"H = "+ H + "\n"+"L = " + L

+ "\n"+"C",

color, styleCandle);

GraphXSpace=7;

// -- Create 0-initialized arrays the size of barcount

aHPivs = H - H;

aLPivs = L - L;

// -- More for future use, not necessary for basic plotting

aHPivHighs = H - H;

aLPivLows = L - L;

aHPivIdxs = H - H;

aLPivIdxs = L - L;

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);

// -- Would like to set this up so pivots are calculated back from

// last visible bar to make it easy to "go back" and see the pivots

// this code would find. However, the first instance of

// _Trace output will show a value of 0

aVisBars = Status("barvisible");

nLastVisBar = LastValue(Highest(IIf(aVisBars, BarIndex(), 0)));

_TRACE("Last visible bar: " + nLastVisBar);

// -- Initialize value of curTrend

curBar = (BarCount-1);

curTrend = "";

if (aLLVBars[curBar] <

aHHVBars[curBar]) {

curTrend = "D";

}

else {

curTrend = "U";

}

// -- Loop through bars. Search for

// entirely array-based approach

// in future version

for (i=0; i<farback; i++) {

curBar = (BarCount - 1) - 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

}

// -- Basic attempt to add a pivot this logic may have missed

// -- OK, now I want to look at last two pivots. If the most

// recent low pivot is after the last high, I could

// still have a high pivot that I didn't catch

// -- Start at last bar

curBar = (BarCount-1);

candIdx = 0;

candPrc = 0;

lastLPIdx = aLPivIdxs[0];

lastLPL = aLPivLows[0];

lastHPIdx = aHPivIdxs[0];

lastHPH = aHPivHighs[0];

if (lastLPIdx > lastHPIdx) {

// -- Bar and price info for candidate pivot

candIdx = curBar - aHHVBars[curBar];

candPrc = aHHV[curBar];

if (

lastHPH < candPrc AND

candIdx > lastLPIdx AND

candIdx < curBar) {

// -- OK, we'll add this as a pivot...

aHPivs[candIdx] = 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] = candPrc ;

aHPivIdxs[0] = candIdx;

nHPivs++;

}

} else {

// -- Bar and price info for candidate pivot

candIdx = curBar - aLLVBars[curBar];

candPrc = aLLV[curBar];

if (

lastLPL > candPrc AND

candIdx > lastHPIdx AND

candIdx < curBar) {

// -- OK, we'll add this as a pivot...

aLPivs[candIdx] = 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] = candPrc;

aLPivIdxs[0] = candIdx;

nLPivs++;

}

// -- Dump inventory of high pivots for debugging

for (k=0; k<nHPivs; k++) {

_TRACE("High pivot no. " + k

+ " at barindex: " + aHPivIdxs[k] + ", "

+ WriteVal(ValueWhen(BarIndex()==aHPivIdxs[k],

DateTime(), 1), formatDateTime)

+ ", " + aHPivHighs[k]);

}

// -- OK, let's plot the pivots using arrows

PlotShapes(

IIf(aHPivs==1, shapeDownArrow, shapeNone), colorRed, 0,

High, Offset=-15);

PlotShapes(

IIf(aLPivs==1, shapeUpArrow , shapeNone), colorGreen, 0,

Low, Offset=-15);

AlertIf( aHPivs==1, "SOUND C:\\Windows\\Media\\Ding.wav", "Sell " + C,2,1+2,1);

AlertIf( aLPivs==1, "SOUND C:\\Windows\\Media\\Ding.wav","Buy " + C,1,1+2,1);

_SECTION_END();

_SECTION_BEGIN("SkyBlue's Animated BkGround");

for( i = 1; i < BarCount; i++ )

z = (GetPerformanceCounter()/100)%256;

anim=ColorHSB( ( i + z ) % 256, 255, 100 );

SetChartBkColor(anim);

RequestTimedRefresh(1);

_SECTION_END();

Download AFL

How to Use Amibroker AFL

Download the Amibroker AFL .
Now copy the afl file and paste it to \Program Files\AmiBroker\Formulas\Custom. [For 32 bit]
If You have 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.

Latest AFL Collection | The Complete List (Update)

5 thoughts on “Amazing Trailing Stop Loss AFL For Amibroker [ PROFIT TAKER AFL ]”

Trevor says:
2021-09-25 at 12:34 pm
Is it possible to an an exploration for when the up and down arrows occur so you can scan for this through numerous stocks? That would really be beneficial.
rajiv says:
2019-12-12 at 8:57 am
can u pls provide with buy and sell signal scanning along with ur trailing stop loss
Orlando says:
2019-07-05 at 4:43 pm
Have been using this AFL scan with seasonal trades and it works very well. Is there a way to add buy-sell signal for scanning. I see the buy-sell arrows on the chart,
it would be nice to use it as in a scan, using a particular date,
versus scrolling thru charts.
- satish says:
  2019-07-28 at 11:26 am
  Do the buy sell signals repaint ?
- satish says:
  2019-07-29 at 5:40 am
  the arrows repaint

pipschart

Making Profit Fast With Forex Market

Amazing Trailing Stop Loss AFL For Amibroker [ PROFIT TAKER AFL ]