Support-Resistance-Level-Breakout-System - aflcode.com | Latest collection of Amibroker afl 2023

Support-Resistance-Level-Breakout-System

//www.aflcode.com
_SECTION_BEGIN("Price");
SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ));
Plot( C, "Close", ParamColor("Color", colorBlack ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() ); 
_SECTION_END();

_SECTION_BEGIN("R&S Channel");

a1=  LastValue(StDev(abs(C-Ref(C,-1))/Ref(C,-1)*100,50)); 

a1 = Param( "R&S Period",1,1,5);
Peak(H,a1,1);
Trough(L,a1,1);

Plot(Peak(H,a1,1), "Resistance Level", colorGreen, styleLine, Null, Null, 10 );

Plot(Trough(L,a1,1), "Support Level", colorRed, styleLine, Null, Null, 10 );

_SECTION_END();

Buy = Cross( C, Peak(H,a1,1) ) ;
Sell =Cross( Trough(L,a1,1), C ) ;


PlotShapes(IIf(Buy, shapeUpArrow , shapeNone), colorGreen);
PlotShapes(IIf(Sell, shapeDownArrow , shapeNone), colorRed);