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MaxGraph=8;
Graph0=100000*(C+O+H+L)/Sum(C,20); //Bollinger believes all 4 items are better
//Graph0=50000*(BBandTop(C,40,2)-BBandBot(C,40,2))*C/BBandTop(C,40,2); //Volatility change - Reversal indicator?
//Graph0=100*MFI(14); //MoneyFlowIndex - G. Quong & A. Soudek
//Graph0=100*RSI(14);
//Graph0=1000*MACD(12,26);
//Graph0=1000*Signal(12,26,9);
//Graph0=1000*V*Signal(12,26,9)/(Sum(V,12)/12); //VolWeighted MACD - B. Dormeier
//Graph0=100*ROC(EMA(C,7),21); //Smoothed RateOfChange -
//Graph0=-500*ADX(14);
//Graph0=.0001*AccDist(); //Acc-distribution - Larry Williams
//Graph0=10000*EMA((2*C-H-L)*Sum(V,12)/((H-L)*V*12),10); //Intraday intensity - David Bostian
//Graph0=100*(C-Ref(C,-1)*V*12)/Sum(V,12); //Force index - Dr. Elder
//Compute the Bollinger bands (40 bars & 2.0 SD).
Graph1=BBandTop(Graph0,40,2);
Graph2=BBandBot(Graph0,40,2);
//Compute the relative position within the bands.
Graph3=10000*(Graph0-Graph2)/(Graph1-Graph2);
//A Zig-Zag line is used to better view the trend changes. Smaller ZigChange values mean busier charts and more frequent trading. Other parameters also should be optimized for best results.
ZigChange=Optimize("Zig",50,40,100,10);
Graph4=Zig(Graph3+1000,ZigChange);
Graph5=0;
Graph6=5000;
Graph7=10000;
Graph1Color=Graph2Color=2;
Graph0Style=Graph1Style=Graph2Style=Graph4Style=Graph5Style=Graph6Style=Graph7Style=1;
Graph3Style=4;
Graph3Color=7;
//Buy signals are generated for stocks over $4.00 when the Zig line as well as the price is increasing. This is a very simplistic trading system that could be greatly improved.
Buy=(Graph4>Ref(Graph4,-1)) AND (C>4) AND (EMA(C,20)>=Ref(EMA(C,20),-1));
//Sell signals are generated when the Zig Line is decreasing or price drops.
Sell=(Graph4<(Ref(Graph4,-1))) OR (EMA(C,3)<(Ref(EMA(C,3),-1)*.98));
Buy=ExRem(Buy,Sell);
Sell=ExRem(Sell,Buy);
//It is assumed that transactions are made the next day after a buy/sell signal.
BuyPrice=ValueWhen(Ref(Buy,-1),Open,0);
SellPrice=ValueWhen(Ref(Sell,-1),Open,0);