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Hi,
I am new to Amibroker and trying to figure out how to generate text labels on a chart that are plotted directly above or below each price bar that is identified.
Here is what I want to do:
In an Up Trend (defined by the stochastic signal line crossing above 20 and some other indicators):
Identify the lowest low bar between the last 50 and 100 periods.
From the lowest low bar identified, begin to label each high peak with a number starting at 1 through 5. When a high peak is labelled with a 5 and there is a higher peak bar still to come, the count gets reset so the next highest peak bar would start at 1.
In a Down Trend (defined by the stochastic signal line crossing below 80 and some other indicators), the reverse happens:
Identify the highest high bar between the last 50 and 100 periods.
From the highest high bar identified, begin to label each lower trough with a letter starting at A through E. When a trough is labelled with an E and there is a lower trough bar still to come, the count gets reset so the next lowest low bar would start at A.
Here is a link to an example chart of what I am trying to achieve.
http://www.teklink.co.uk/CHARTS/Chart_1.JPG
I am not the best programmer in the world, so any help with this would be much appreciated. I don't expect someone to code the solution for me, just a point in the right direction.
Many Thanks,
Pete.
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