| Hi Patrick
I really really appreciate the time spent on this formula. I tested it & feel its not what i was looking for. please view my attachment for ideas. I think the problem is the word "BREAKOUT", i wanted a buy signal when prices hit the down(L) & SELL Signal when price hits (H)lines and also a column identifying their various support & resistant levels.
Below are columns needed.
=ticker=date/ time=industry sector=last= action="" resistant H1=support L1.
I will appreciate if these criteria's are met.
thanks patrick
Rasheed.
--- On Sat, 1/30/10, NW Trader <ta4charts@xxxxxxxx net> wrote:
From: NW Trader <ta4charts@xxxxxxxx net>
Subject: Re: [amibroker] REALLY NEED HELP ON BREAKOUT FORMULA [1 Attachment]
To: amibroker@xxxxxxxxx ps.com
Date: Saturday, January 30, 2010, 3:14 PM
Hi Rasheed,
My apologies for taking so long to finish this up for you. Some other commitments got in the way of what really was not too hard a project. Anyway, I've tweaked the output a little so you can select between either the close crossing either the H1 or L1 line or the high or low crossing those lines to generate a buy or sell signal. Otherwise the signals are as you requested. Code is both attached (probably safer as won't introduce line breaks in copying) and written below.
I didn't code for short and cover as you didn't give me rules you wanted to implement. Personally I would not use a stop and reverse system with the defined buy and sell signals. I think you would get better results if a sell was initiated when the close crosses under H1 after a buy when going above H1, and a cover when the close crosses above the L1 after a short when the close went under L1. But I've not tested this, and it's just a feeling from looking some charts.
I've added trade signal arrows on the chart (again based on the parameter selected) as well as a param to remove excess trade signals. I also added the VAP indicator as I think it helpful to see possible support or resistance at a breakout.
Hope this is what you were looking for.
Peace and Justice --- Patrick
// help requested for adding an exploration for End of Day breakouts
/* coded by NW Trader 1-29-10 with exploration, chart signals and chart options
toggle parameter to select between C or H & L for the breakout crossings
toggle parameter added to remove extra trade signals
Volume at price added
*/
_SECTION_BEGIN("BREAK OUTS");
// ============ == Standard Chart Code ============ ========= =======
CodeName = "Rasheed's Breakouts" ;
SetFormulaName("Rasheed's Breakouts" );
// ------------ --- Controls for Chart Display ------------ --------- --------- ----
SetChartOptions(0,chartShowDates|chartWrapTitle);
if( ParamToggle("Tooltip shows", "All Values|Only Prices" ) )
{
ToolTip=StrFormat("Open: %g\nHigh: %g\nLow: %g\nClose: %g (%.1f%%) \nVolume: "+NumToStr(
V, 1 ), O, H, L, C, SelectedValue( ROC( C, 1 )));
}
space = Param("Space on Chart", 20, -15, 50, 1);
GraphXSpace = space;
SetChartBkColor( ParamColor("Background Color" , colorLightGrey) );
// ============ ===== Rasheed's original code (with Lookback and Shift default set to his specs) ============ =====
H0=H;
L0=L;
C0=C;
O0=O;
Lookback=Param("LookBack",10,10,50,1); // Default for interday commodity currency trading
shift=Param("Shift", 5,1,50,1); // ?
x0=LastValue(Cum(1));
x1=x0-shift;
H=Ref(H,-shift+1);
L=Ref(L,-shift+1);
H1=LastValue(Ref(HHV(H,Lookback),-1));
L1=LastValue(Ref(LLV(L,Lookback),-1));
Plot(H1,"H1",colorYellow);
Plot(L1,"L1",colorYellow);
H=H0;L=L0;C=C0;O=O0;
up=Cross(H,H1) AND Cum(1)>x1;
dn=Cross(L1,L) AND Cum(1)>x1;
Plot(C,"Close",IIf(Cum(1)>x1-Lookback AND Cum(1)<=x1,colorBlue,IIf
(Up,colorBrightGreen,IIf( Dn,colorRed,colorBlack))),64);
PlotShapes(shapeDownArrow*(Cum(1)==x1+1),colorBlue);
// ============ ========= == Exploration and Signal Code ============ =====
TRIGGER = ParamToggle("Trigger " ,"CLOSE|HIGH OR LOW") ;
XH1 = Cross(C,H1) ;
XL1 = Cross(L1,C);
XH2 = Cross(H,H1);
XL2 = Cross(L1,L);
if( TRIGGER ==0)
{
Buy = XH1 ;
Sell = XL1 ;
}
else
{
Buy = XH2 ;
Sell = XL2 ;
}
TradeDisplay = ParamToggle("Remove Extra Trades?", "No|Yes");
if(TradeDisplay == 0)
{ }
else
{
Buy = ExRem(Buy,Sell); Sell = ExRem(Sell,Buy); // THIS WILL REMOVE EXESS SIGNALS ON A CHART OR IN AN EXPLORATION
}
Filter = Buy OR Sell;
Action = "">WriteIf(Buy, "BUY", WriteIf( Sell, "SELL", " " ) );
AddTextColumn(IndustryID(1) ,"Industry Sector ", 30.0, colorBlue, colorYellow);
AddColumn(C, "Last ",2.2, colorWhite,colorBlue);
AddTextColumn(Action, "Action", 8.0, IIf(XH1, colorDarkGreen, colorDarkRed), colorWhite);
AddColumn( IIf( XH1, H1 , L1 ) , "BREAKOUT LEVEL", 3.2 ,colorYellow, IIf(XH1, colorDarkGreen, colorDarkRed) );
// ------------ --------- --------- --------- --------- --------- --------- --------- -------- Arrow signals --- FOR TRADES ------------ --------- --------- --------- --------- --------- -
PlotShapes(Buy*shapeUpArrow,colorBrightGreen ,0, L /* ENTRY_TRAILARRAY */ , -30);
PlotShapes(Sell*shapeDownArrow,colorLightYellow,0, H , -30);
_SECTION_END();
_SECTION_BEGIN("Volume At Price");
PlotVAPOverlay( Param("Lines", 1000, 100, 1000, 10 ),
Param("Width", 15, 1, 100, 1 ),
ParamColor("Color", colorBlueGrey ),
ParamToggle("Side", "Left|Right", 1 ) | 4*ParamToggle("Z-order", "On top|Behind", 1 ) );
_SECTION_END();
----- Original Message -----
Sent: Friday, January 29, 2010 1:40 AM
Subject: Re: [amibroker] REALLY NEED HELP ON BREAKOUT FORMULA [1 Attachment]
Hi Patrick,
i use E.O.D
I want the L1 H1 to act as a support & resistant line.
pls find attached
tx
rasheed
--- On Thu, 1/28/10, NW Trader <ta4charts@xxxxxxxx net> wrote:
From: NW Trader <ta4charts@xxxxxxxx net>
Subject: Re: [amibroker] REALLY NEED HELP ON BREAKOUT FORMULA
To: amibroker@xxxxxxxxx ps.com
Date: Thursday, January 28, 2010, 4:09 PM
Hi Rasheed,
What time length do you expect this to run on? 1 Minute, 15 Min, Hourly, end of day??? Do you want the H1 and L1 levels set by the time frame selected or some other time frame (like end of day if you are charting intraday).
How do you define a buy or sell? Is it to be a cross of the H1 or L1 line?
An exploration that produces the H1 and L1 values for each stock or instrument is easy enough to code, I just don't know what the answer to the above questions are and those will determine the code and solution to your question. I'll be glad to help in a bit once we know this information.
Peace and Justice --- Patrick
----- Original Message -----
Sent: Thursday, January 28, 2010 2:33 PM
Subject: [amibroker] REALLY NEED HELP ON BREAKOUT FORMULA
hi guys.
I need help. I will like to run a scan/exploration on an AFL titled "BREAKOUTS". I reduced the parameters to (lookback= 10) & (Shift=5). I need it to give me "H1'' & "L1" points prices of each stocks and perhaps a BUY/SELL within these regions.
Thanks I will really appreciate.
_SECTION_BEGIN( "BREAK OUTS");
H0=H;
L0=L;
C0=C;
O0=O;
Lookback=Param( "LookBack" ,22,10,50, 1); // Default for interday commodity currency trading
shift=Param( "Shift", 11,1,50,1); // ?
x0=LastValue( Cum(1));
x1=x0-shift;
H=Ref(H,-shift+ 1);
L=Ref(L,-shift+ 1);
H1=LastValue( Ref(HHV(H, Lookback) ,-1));
L1=LastValue( Ref(LLV(L, Lookback) ,-1));
Plot(H1,"H1" ,colorYellow) ;
Plot(L1,"L1" ,colorYellow) ;
H=H0;L=L0;C=
C0;O=O0;
up=Cross(H,H1) AND Cum(1)>x1;
dn=Cross(L1, L) AND Cum(1)>x1;
Plot(C,"Close" ,IIf(Cum( 1)>x1-Lookback AND Cum(1)<=x1,colorBlue, IIf
(Up,colorBrightGree n,IIf( Dn,colorRed, colorBlack) )),64);
PlotShapes(shapeDow nArrow*(Cum( 1)==x1+1) ,colorBlue) ;
_SECTION_END( );
------------ --------- --------- ------
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