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Manioc,
In AFL reference there is an excellent function
STUDY (AFL 1.5) SYNTAX study( STUDYID, CHARTID = 1 )
RETURNS ARRAY
FUNCTION generates an array equivalent to a trendline study
drawn by the user - allows detecting trendline breakouts from AFL.
In the Newsletter you must read
AFL Library: Detecting channel breakouts
Tip of the week: Using studies in your AFL formulas
Also, in AFL Library, the "Double top detection"
http://www.amibroker.com/library/detail.php?id=19
prepared by Tomasz Janeczko.
I think it is more than enough to begin with.
Dimitris Tsokakis
--- In amibroker@xxxx, lemanioc@xxxx wrote:
> Hi,
> Dimitris, first, let me tell you that I really appreciate all your
> contributions to the community.
> Since you seem to be very skilled with AFL, may I suggest you to
> write some formulas ?
>
> 1)Detecting Resistance level.
> I think it would be great if we could detect resistance levels.
> For example, with a variable of X days ago, the formula should find
> at least 3 peak to a same day High value (this value should be the
> highest reached during the X days period of course). Distance from
> first peak to last peak should be at least Y days.
> So this formula is meant to detect significant resistance values on
> stock candidates.
>
> 2) Detecting consolidation
> It would be nice to have a formula that would detect horizontal
> consolidation periode, where price would be fluctuating on a narrow
> range of lets say 5%(x) price on the last 30(y) days.
>
>
> I personally find that breaking out of significant resistance level
> and significant consolidation period to be the most reliable yet
> simple way to easy spot significant profit opportunities.
>
> I would have liked to create those formula myself, and I tried
> without much results. The fact is that I also don't have much time
to
> become really good at AFL for the moment, so this is why I ask to
an
> expert like you if you think you could create those formulas that
> would benefit the entire community.
>
> Keep up the good work,
> Manioc
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