Friday, December 9, 2016

3 EMA and 15 EMA Crossover Amibroker AFL

315 Strategy AFL . This AFL is a 3 EMA & 15 EMA crossover. The AFL includes a trend ribbon which helps in decision making as per the trend prevalent at the time of the cross. When Ribbon is red, preferably the Buy trades should be avoided on crossover and when the ribbon is blue, preferably the sell trades should be avoided on crossover of the 3 EMA.

Moving average crossovers can sometimes be very annoying as they might result in multiple whipsaws and losses . This is mostly the case when the market is in a sideways mode.

Please see the image of the AFL as used in Amibroker below the code.


_SECTION_BEGIN("315 cross");
Plot(Close,"Price",colorBlack, styleCandle);
Plot(EMA(Close,3),"3EMA",colorBlue,style=styleThick);
Plot(EMA(Close,15),"15EMA",colorRed,style=styleThick);
Buy=Cross(EMA(Close,3),EMA(Close,15));
Sell=Cross(EMA(Close,15),EMA(Close,3));
Short=Sell;
Cover=Buy;
shape = Buy * shapeUpArrow + Sell * shapeDownArrow;
PlotShapes( shape, IIf( Buy, colorGreen, colorRed ), 0, IIf( Buy, Low, High ) );
_SECTION_END();

_SECTION_BEGIN("Magnified Market Price");
//by Vidyasagar, vkunisetty@yahoo.com// 
FS=Param("Font Size",30,11,100,1);
GfxSelectFont("Times New Roman", FS, 700, True ); 
GfxSetBkMode( colorWhite );  
GfxSetTextColor( ParamColor("Color",colorBlack) ); 
Hor=Param("Horizontal Position",600,1,1200,1);
Ver=Param("Vertical Position",1,1,830,1); 
GfxTextOut(""+C, Hor , Ver );
YC=TimeFrameGetPrice("C",inDaily,-1);
DD=Prec(C-YC,2);
xx=Prec((DD/YC)*100,2);
GfxSelectFont("Times New Roman", 11, 700, True ); 
GfxSetBkMode( colorWhite );  
GfxSetTextColor(ParamColor("Color",colorBlack) ); 
GfxTextOut(""+DD+"  ("+xx+"%)", Hor , Ver+45 );
_SECTION_END();

_SECTION_BEGIN("Ribbon");

no=Param( "Swing", 20, 1, 55 );
res=HHV(H,no);
sup=LLV(L,no);
avd=IIf(C>Ref(res,-1),1,IIf(C<Ref(sup,-1),-1,0));
avn=ValueWhen(avd!=0,avd,1);
tsl=IIf(avn==1,sup,res);

Plot( 2, "Ribbon",IIf(C>tsl,colorBlue,colorRed),styleOwnScale|styleArea|styleNoLabel, -0.5, 100 );
_SECTION_END();

3 EMA and 15 EMA Crossover



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