Upper Lower Band Acts As Support Resistance - aflcode.com | Latest collection of Amibroker afl 2023

Upper Lower Band Acts As Support Resistance

//www.aflcode.com
_SECTION_BEGIN( "MA Envelope" );
Type = ParamList( "Avg. Type", "SMA,EMA" );
P = ParamField( "Price field", -1 );
Periods = Param( "Avg. Periods", 20, 2, 300, 1, 10 );
F = Param( "Filter %", 5, 0.05, 100, 1 );

A = EMA( P, Periods );

EnvUp = A + A * F / 100;

EnvDn = A - A * F / 100;

//Plot( A, _DEFAULT_NAME(),  IIf( Ref( A, 0 ) > Ref( A, -1 ), ParamColor( "ColorUp", colorWhite ), ParamColor( "ColorDown", colorOrange ) ), ParamStyle( "Style", styleThick ) );

Plot( EnvUp, "EnvUp", ParamColor( "EnvUp Color", colorRed ), styleThick + styleNoLabel );
Plot(C,"",colorBlue,styleBar,styleThick);
Plot( EnvDn, "EnvDn", ParamColor( "EnvDn Color", colorGreen ), styleThick + styleNoLabel );

//PlotOHLC( EnvUp, EnvDn, EnvUp, EnvDn, "", ParamColor( "Envelope Color", colorDarkOliveGreen ), styleCloud | 4096 );