Most Accurate Simple Buy Sell Indicator - Amibroker AFL Code

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Most Accurate Simple Buy Sell Indicator

_SECTION_BEGIN("Shiree count back");

// User defined parameters.

GraphXSpace = 10; //defines how much extra space should be added above and below graph line (in percent).

PH= ValueWhen((Ref(H,-2) > Ref(H, -4)) AND (Ref(H,-2) > Ref(H, -3)) AND (Ref(H,-2) > Ref(H, -1)) AND (Ref(H,-2) > H), Ref(H,-2));

PL= ValueWhen((Ref(L,-2) <= Ref(L, -4))AND (Ref(L,-2) <= Ref(L, -3))AND (Ref(L,-2) <= Ref(L, -1)) AND 
(Ref(L,-2) <= L), Ref(L,-2));

Plot(Ref(PH,2), "UpPivot", ParamColor("UpPivot Color",colorRed), styleDashed);
Plot(Ref(PL,2), "DownPivot",ParamColor("DownPivot Color",colorGreen), styleDashed);
Buy = C> PH;

Sell = C< PL;

Buy = ExRem(Buy,Sell);
Sell= ExRem(Sell,Buy);

Short = Sell;
Cover = Buy;


shape = Buy * shapeUpArrow + Sell * shapeDownArrow;
PlotShapes( shape, IIf( Buy, colorGreen, colorRed ),0, IIf( Buy, Low, High ) );

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