Help for AMIBROKER CODE 100MA Trend Line Indicator

Discussion in 'Strategy Development' started by trad3r77, Aug 6, 2011.

  1. trad3r77

    trad3r77

    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:

    – 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 bar’s 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!