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Indicator Price RSI Level Trading System - Amibroker AFL Code

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Indicator Price RSI Level Trading System

_SECTION_BEGIN("Indicator price rsi  levels");
// RSI Levels - appplied to Price Chart shows how far 
// tomorrow's closing price has to move in order for  
// the RSI to cross the 70, 50 & 30 levels. 

pd = Param("Periods",6,5,144,1);
//variable = optimize("my optimization var", 9, 2, 20, 1 ); 
//pd = Optimize("RSI",6,1,50,1);
pds = 2*pd-1;//     (Adjustment for Wilders MA) 
aa = Close-Ref(Close,-1); 
uu = EMA(Max(0,aa),pds); 
dd=  EMA((Max(0,0-aa)),pds); 

rf = IIf(C>2,1000,10000); 

c1 = Param("Upper Level",70,50,90,1); 
qq1 =100/(100-c1)-1; 
ff1 = qq1*dd-uu; 
ff2 = ff1/qq1; 
f1 = Max(ff1,ff2); 
UL = Close + f1*(pds-1)/2; 
UL = IIf(UL>C,floor(UL*rf),ceil(UL*rf))/rf; 

c2 = Param("Equilibrium",50,50,50,0);  

qq2 =100/(100-c2)-1;// [=1] 
ff = dd-uu; 
MM = Close + ff*(pds-1)/2; 
MM = IIf(MM>C,floor(MM*rf),ceil(MM*rf))/rf; 

c3 = Param("Lower Level",30,10,50,1); 
qq3 =100/(100-c3)-1; 
ff1 = qq3*dd-uu; 
ff2 = ff1/qq3; 
f3 = Min(ff1,ff2); 
LL = Close + f3*(pds-1)/2; 
LL = IIf(LL>C,floor(LL*rf),ceil(LL*rf))/rf; 

band = Param("band width",2.5,0,15,0.5);
band = Optimize("band width",2.5,0,15,0.5);

mmu = MM+band;
mmd = MM-band;

//Plot(UL,"",29,1); 
//Plot(MM,"MM",29,32); 
Plot(MMU,"MU",colorYellow,32); 
Plot(MMD,"MD",colorYellow,32); 
//Plot(LL,"",29,1); 
Cbr = IIf (Close > MMU AND Open > MMU, colorBlue, IIf(Close < MMD AND Open < MMD,colorRed,colorYellow)); 
//Cbr = IIf(UL<C,colorBlue,IIf(LL>C,colorRed,IIf(MM>C,colorPink,colorAqua))); 
PlotOHLC(O,H,L,C,"",cbr,styleCandle); 

Buy = Cross(Close, mmu);
Sell = Cross(mmd,Close);

Cover =Buy;
Short = Sell;
//Short = Cross(Close,mmd);
//Cover = Cross(mmd,Close);

PlotShapes(shapeUpTriangle*Buy,colorWhite,0,L,-15);
PlotShapes(shapeDownTriangle*Sell,colorYellow,0,H,-15);
//PlotShapes(shapeCircle*Cover,colorYellow,0,L,-15);
//PlotShapes(shapeDownArrow*Short,colorWhite,0,H,-15);




X=Cross( C,LL);
Y=Cross(UL,C);

Buy1= X ;
Sell1= Y ;

PlotShapes(shapeUpArrow*Buy1,colorBlue,0,L,-15);
PlotShapes(shapeDownArrow*Sell1,colorBlue,0,H,-15);

Filter=Buy1 OR Sell1 ;
AddTextColumn(FullName(),"Name");
AddColumn(1,"Buy");
AddColumn(Sell1,"sell");


Title = Name() + "  -  RSI(" + WriteVal(pd,0.0) + ")  -  Close=" +  WriteVal(Close,0.3) + "    UL=" +  WriteVal(UL,0.4) + "    MM=" +  WriteVal(MM,0.4) + "    LL=" +  WriteVal(LL,0.4); 
_SECTION_END();

"plotted pivots \n
Plotted the avarage as a bars \n
";

//source http://www.traderji.com/amibroker/24404-help-amibroker-forumla-afl-saintjis-going-60min-flow-practice-2.html

// Written by Abhay (aad on www.traderji.com)

// Previous version 1.0 on 28.07.2008.
// Current Version 1.1 on 31.07.2008.

///////////////////////////////////////////////////////////
///// Major changes done from previous version 1.0 : //////

// The method of pivot definition is changed. 
// Now it does not use zig() or related functions anywhere.

// Stoploss line error, that it moves in both directions after a position is taken,
// is removed. Now stoploss lines are unidirectional.

// To protect profit on long positions, SELL is triggered either when trailing buy stop
// is hit OR when previous lower pivot is cracked. Fresh long position will be initiated 
// if uptrend continues after previous high pivot is cracked.   

///////////////////////////////////////////////////////////


// This is simple YET powerful pivot based trading system.
// Used only for intraday. Not suitable for EOD data.
// Designed for continuous trading. i.e. short=sell and cover=buy
// When long, watch crack of close in green line ONLY. Ignore red line.
// When short, watch crack of close in red line ONLY. Ignore green line.
// You will have to tweak the parameters as per your trading style.

// Warning :  I have tried to develop this method from Saint's Pivot Based System (www.traderji.com) 
//   However, it is very well possible that its performance is not as per actual system
//   suggested by Saint due to programming errors and inadequate knowledge level at my end.
// Warning :  Traders are advised to trade on their own, knowing very well that it is their money.

_SECTION_BEGIN("Price1");
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();
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