Impulse Wave Indicator - aflcode.com | Latest collection of Amibroker afl 2023

Impulse Wave Indicator
//www.aflcode.com

_SECTION_BEGIN("Elder Impulse");

EnableTextOutput(False);

// User-defined parameter for EMA periods

EMA_Type  = Param("EMA-1, TEMA-2, JMA-3", 2, 1, 3, 1);
EMA_prds   = Param("EMA_periods", 7, 1, 30, 1);
Std_MACD  = Param("Standard MACD? No-0, Yes-1", 1, 0, 1, 1);
Plot_fashion = Param("Bar+Arrows-1, Impulse  Bars-2", 2, 1, 2, 1);


// Allow user to define Weekly and Monthly Ribbon Location and Height
WR_P1 = Param("Weekly Ribbon Location", -10.5, -1000, 1000, 0.1);
WR_P2 = Param("Weekly Ribbon Height", 366.5, -0.001, 500, 0.1);

MR_P1 = Param("Monthly Ribbon Location", 5.2, -1000, 1000, 0.1);
MR_P2 = Param("Monthly Ribbon Height", 199, -0.001, 500, 0.1);


// Compute EMA and MACD Histogram
if(EMA_Type == 1)
{
 DayEMA = EMA(Close, EMA_prds);
}
if (EMA_Type == 2)
{
 DayEMA = TEMA(Close, EMA_prds);
}

if(EMA_Type == 3)
{
 // Line below to be used with Jurik JMA
 // DayEMA = JurikJMA(C, EMA_Prds);
}

Histogram = MACD() - Signal();

// Determine if we have an Impulse UP, DOWN or None
Impulse_Up  = DayEMA > Ref(DayEMA, -1) AND Histogram > Ref(Histogram, -1);
Impulse_Down = DayEMA < Ref(DayEMA, -1) AND Histogram < Ref(Histogram, -1);   
Impulse_None  = (NOT Impulse_UP) AND (NOT Impulse_Down);

// Compute Weekly MACD and determine whether rising or falling
// Note: uses "non-standard"  parameters!
TimeFrameSet(inWeekly);

if (Std_MACD == 0)
{
MACD_val  = MACD(5, 8);
Signal_val  = Signal(5, 8, 5);
}
else
{
MACD_val  = MACD(12, 26);
Signal_val  = Signal(12, 26, 9);
}

Hist_in_w  = MACD_val - Signal_val;

wh_rising = Hist_in_w > Ref(Hist_in_w, -1);
wh_falling = Hist_in_w < Ref(Hist_in_w, -1);

TimeFrameRestore();

// Now get Monthly MACD Histogram....
TimeFrameSet(inMonthly);
MACD_val  = MACD(5, 8);
Signal_val  = Signal(5, 8, 5);
Hist_in_m  = MACD_val - Signal_val;

mh_rising = Hist_in_m > Ref(Hist_in_m, -1);
mh_falling = Hist_in_m < Ref(Hist_in_m, -1);

TimeFrameRestore();

wh_rising   = TimeFrameExpand( wh_rising, inWeekly, expandLast ); 
wh_falling   = TimeFrameExpand( wh_falling, inWeekly, expandLast); 
mh_rising  = TimeFrameExpand(mh_rising, inMonthly, expandLast);
mh_falling  = TimeFrameExpand(mh_falling, inMonthly, expandLast);

kol  = IIf( wh_rising, colorGreen,  IIf(wh_falling, colorRed, colorLightGrey));
mkol  = IIf( mh_rising, colorBlue,  IIf(mh_falling, colorYellow, colorLightGrey));

// Plot them all!
if (Plot_fashion == 1)
{
 Plot(Close, "Close", colorTeal, styleBar);
 PlotShapes(shapeUpArrow * Impulse_Up, colorBlue, 0, Low, -12);
 PlotShapes(shapeDownArrow * Impulse_Down, colorRed, 0, High, -12);
 PlotShapes(shapeSmallCircle * Impulse_None, colorWhite, 0, High, 5);
}
else
{
 bar_kol = IIf(impulse_UP, colorBlue, IIf(impulse_Down, colorRed, colorWhite));
 Plot(C, "Close", bar_kol, styleBar);
}

Plot(10, "ribbon", kol, styleOwnScale|styleArea|styleNoLabel, WR_P1, WR_P2); // Weekly trend
Plot(10, "ribbon", mkol, styleOwnScale|styleArea|styleNoLabel, MR_P1, MR_P2); // Monthly Trend

// Explorer Section
// Determine if Impulse status is bullish, neutral or bearish.  Display as Text Column.
Impulse_State  = WriteIf(Impulse_Up, "Bulllish", WriteIf(Impulse_Down, "Bearish", "Neutral"));

// Set the background color for Impulse Status Column
Impulse_Col  = IIf(Impulse_Up, colorGreen, IIf(Impulse_Down, colorRed, colorLightGrey));

// Determine Weekly Trend. Display as Text Column
Weekly_Trend  = WriteIf(wh_rising, "Rising", WriteIf(wh_falling, "Falling", "Flat!"));
Weekly_Col  = IIf(wh_rising, colorGreen, IIf(wh_falling, colorRed, colorLightGrey));

// Determine Monthly Trend. Display as Text Column
Monthly_Trend = WriteIf(mh_rising, "Rising", WriteIf(mh_falling, "Falling", "Flat!"));
Monthly_Col  = IIf(mh_rising, colorGreen, IIf(mh_falling, colorRed, colorLightGrey));

// Determine how many bars has the current state existed
bars_in_bull = Min(BarsSince(impulse_none), BarsSince(impulse_down));
bars_in_bear = Min(BarsSince(impulse_up), BarsSince(impulse_none));
bars_in_neut = Min(BarsSince(impulse_down), BarsSince(impulse_up));

// Set a single variable to show number of bars in current state depending upon 
// actual Impulse Status - Bullish, Bearish or Neutral
bars_in_state = IIf(Impulse_Up, bars_in_bull, IIf(Impulse_down, bars_in_bear, bars_in_neut));

// Columns for display in Explorer 
AddTextColumn(Impulse_State, "Impulse Status", 1, colorWhite, Impulse_Col);
AddColumn(bars_in_state, "Bars in this state", 1, colorWhite, Impulse_col);
AddTextColumn(Weekly_Trend, "Weekly Trend", 1, colorWhite, Weekly_Col);
AddTextColumn(Monthly_Trend, "Monthly Trend", 1, colorWhite, Monthly_Col);

Filter = 1;

_SECTION_END();