Trend Detector By Moving Averages - aflcode.com | Latest collection of Amibroker afl 2023

As name suggests, it is really million dollar afl specially for swing traders with daily timeframe. If followed correctly, this afl has an ability to make lots of money in the stock market. Jut focus on price and white moving average line. Buy when a full body green candle closes above white like and sell when full body red candle closes below the while line. Exit when opposite color candle closes above/below white line depending on your direction of trade. You also can use stochastic or CCI oscillator to check overbought and oversold condition. This afl is recommended for swing or short term traders only.

Trend Detector By Moving Averages

//www.aflcode.com
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_SECTION_BEGIN("Background");
SetChartOptions(0,chartShowArrows|chartShowDates);
priceTitle=StrFormat("---- {{NAME}} ---------- {{VALUES}}"); 
Title ="Averages" + priceTitle;

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 )));
}

SetChartBkColor(ParamColor("Outer panel color ",colorBlack)); // color of outer border 

//SetChartBkGradientFill( ParamColor("Inner panel color upper half",colorBlack)),ParamColor("Inner panel color lower half",colorBlack)); // color of inner panel
_SECTION_END();

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_SECTION_BEGIN("Average");
P = ParamField("Field");
Type = ParamList("Type", "Weighted,Lagless-21,Hull-26,Linear Regression-45,Exponential,Double Exponential,Tripple Exponential,Wilders,Simple");
Periods = Param("Periods", 9, 2, 100 );
Displacement = Param("Displacement", 1, -50, 50 );
m = 0;

if( Type == "Weighted" )     m=  WMA( P, Periods );
if( Type == "Lagless-21"  )    m=  2*EMA(P, Periods)-EMA(EMA(P, Periods), Periods); 
if( Type == "Hull-26"  )    m=  WMA(2*(WMA(P, Periods/2))-WMA(P, Periods) ,4 );
if( Type == "Linear Regression-45"  ) m=  LinearReg( P, Periods );
if( Type == "Exponential" )    m = EMA( P, Periods );
if( Type == "Double Exponential" )  m = DEMA( P, Periods );
if( Type == "Tripple Exponential" )  m = TEMA( P, Periods );
if( Type == "Wilders" )     m = Wilders( P, Periods );
if( Type == "Simple" )      m = MA( P, Periods );


Plot( m, _DEFAULT_NAME(), ParamColor("Color", colorWhite), styleThick, 0, 0, Displacement );


//Plot Price
barcolor = IIf(C > m, ParamColor("Up Color",colorBrightGreen), IIf(C ==m,colorRed, ParamColor("Dn Color",colorRed))); 
Plot( C, "Close", barcolor, ParamStyle("Style",styleThick+styleNoLabel) | GetPriceStyle());

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_SECTION_BEGIN("Price");
Plot( C, "Close", ParamColor("Color", colorLightOrange ), styleNoLine|styleNoRescale ); 
_SECTION_END();
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_SECTION_BEGIN("TSF");
P = ParamField("Price field",-1);
Periods = Param("Periods", 15, 2, 200, 1, 10 );
Plot( TSF( P, Periods ), _DEFAULT_NAME(), ParamColor( "Color", colorCycle ), ParamStyle("Style") ); 
_SECTION_END();