I would REALLY appreciate it if someone would help me with writing the AMIBROKER CODE for a SIMPLE 100MA Trend Line Indicator, which indicated swings/ trends using the following parameters:
⢠SIMPLE 100 bar moving average of the Close
⢠Overall Trend Line Direction has 3 possibilities:
â GREEN (Up), RED (Down), BLACK (Flat)
⢠GREEN changes to BLACK if 100MA is down and
price closes below 100MA in last 15 bars
inclusive of the current bar
⢠RED changes to BLACK if 100MA is more than
last barâs 100MA and price closes above
100MA in last 15 bars inclusive of the current bar
⢠BLACK changes to GREEN if the 100MA is up for
15 consecutive bars inclusive of the current bar
⢠BLACK changes to RED if the 100MA is down for
15 consecutive bars inclusive of the current bar
⢠GREEN can never change to RED and RED can
never change to GREEN WITHOUT a BLACK period in between.
Enclosed is a Photoshop mock up of what I want.
Many Thanks!
⢠SIMPLE 100 bar moving average of the Close
⢠Overall Trend Line Direction has 3 possibilities:
â GREEN (Up), RED (Down), BLACK (Flat)
⢠GREEN changes to BLACK if 100MA is down and
price closes below 100MA in last 15 bars
inclusive of the current bar
⢠RED changes to BLACK if 100MA is more than
last barâs 100MA and price closes above
100MA in last 15 bars inclusive of the current bar
⢠BLACK changes to GREEN if the 100MA is up for
15 consecutive bars inclusive of the current bar
⢠BLACK changes to RED if the 100MA is down for
15 consecutive bars inclusive of the current bar
⢠GREEN can never change to RED and RED can
never change to GREEN WITHOUT a BLACK period in between.
Enclosed is a Photoshop mock up of what I want.
Many Thanks!