Hourly and 10min time frames are enough. Daily TF can be seen before Market open.
All other filters are useless. If you use indicators, you loose attention on price action. Believe me! Simple Trendlines are the best and TF should not be less than 5min.
In fact I am looking for AFL to draw Trendline by joining Lows when Trend is up and Highs when Trend is down. Channel is useful only for sideways trend.
When Trend is sideways trade in lower or higher TF but not below 5min.
All other filters are useless. If you use indicators, you loose attention on price action. Believe me! Simple Trendlines are the best and TF should not be less than 5min.
In fact I am looking for AFL to draw Trendline by joining Lows when Trend is up and Highs when Trend is down. Channel is useful only for sideways trend.
When Trend is sideways trade in lower or higher TF but not below 5min.
PHP:
_SECTION_BEGIN("Trendlines Multitimeframe");
// Amibroker AFL code by Edward Pottasch, 6/8/2011
// Using fractals to create automatic trendlines
// Using option to show multiple timeframes
Version(5.21);
xx=BarIndex();x=xx;Lx=LastValue(x);
nbar=Param("N Pivot Bars",3,2,50,1);
tf=Param("Time Frame (min)",5,1,100000,1);tfrm=in5Minute*tf;
CleanPivots=ParamToggle("Use Clean Pivots","Off|On",0);
PivotSymmetry=ParamToggle("Use Symmetric Pivots","Off|On",0);
tld=ParamToggle("All trendlines","Show|Hide",1);
showSignals=ParamToggle("Display signals","Off|On",0);
TimeFrameSet(tfrm);
if (PivotSymmetry)
{
fc=1;
pk=H>Ref(HHV(H,nbar*fc),-1) AND Ref(HHV(H,nbar),nbar)<=H;
tr=L<Ref(LLV(L,nbar*fc),-1) AND Ref(LLV(L,nbar),nbar)>=L;
}
else
{
fc=2;
pk=H>Ref(HHV(H,nbar*fc),-1) AND Ref(HHV(H,nbar),nbar)<=H;
tr=L<Ref(LLV(L,nbar*fc),-1) AND Ref(LLV(L,nbar),nbar)>=L;
}
px0=ValueWhen(pk,x,0); tx0=ValueWhen(tr,x,0);
px1=ValueWhen(pk,x,1); tx1=ValueWhen(tr,x,1);
px2=ValueWhen(pk,x,2); tx2=ValueWhen(tr,x,2);
ph0=ValueWhen(pk,H,0); tl0=ValueWhen(tr,L,0);
ph1=ValueWhen(pk,H,1); tl1=ValueWhen(tr,L,1);
ph2=ValueWhen(pk,H,2); tl2=ValueWhen(tr,L,2);
if (CleanPivots)
{
tr=IIf(pk AND tr AND ph1>ph2 AND tl1>tl2,False,tr);
pk=IIf(pk AND tr AND ph1<ph2 AND tl1<tl2,False,pk);
px0=ValueWhen(pk,x,0); tx0=ValueWhen(tr,x,0);
px1=ValueWhen(pk,x,1); tx1=ValueWhen(tr,x,1);
px2=ValueWhen(pk,x,2); tx2=ValueWhen(tr,x,2);
ph0=ValueWhen(pk,H,0); tl0=ValueWhen(tr,L,0);
ph1=ValueWhen(pk,H,1); tl1=ValueWhen(tr,L,1);
ph2=ValueWhen(pk,H,2); tl2=ValueWhen(tr,L,2);
pk=IIf(pk AND px1>tx1 AND ph1<tl1,False,pk);
tr=IIf(tr AND tx1>px1 AND tl1>ph1,False,tr);
pk=IIf(pk AND px0<tx0 AND ph0>ph1,False,pk);
tr=IIf(tr AND px0>tx0 AND tl0<tl1,False,tr);
pk=IIf(pk AND px2>tx1 AND ph1<=ph2,False,pk);
tr=IIf(tr AND tx2>px1 AND tl1>=tl2,False,tr);
pk=IIf(pk AND px0>px1 AND px1>tx1 AND px1>tx0 AND ph0>ph1,False,pk);
tr=IIf(tr AND tx0>tx1 AND tx1>px1 AND tx1>px0 AND tl0<tl1,False,tr);
px0=ValueWhen(pk,x,0); tx0=ValueWhen(tr,x,0);
px1=ValueWhen(pk,x,1); tx1=ValueWhen(tr,x,1);
px2=ValueWhen(pk,x,2); tx2=ValueWhen(tr,x,2);
ph0=ValueWhen(pk,H,0); tl0=ValueWhen(tr,L,0);
ph1=ValueWhen(pk,H,1); tl1=ValueWhen(tr,L,1);
ph2=ValueWhen(pk,H,2); tl2=ValueWhen(tr,L,2);
pk=IIf(pk AND px1>tx1 AND ph1<tl1,False,pk);
tr=IIf(tr AND tx1>px1 AND tl1>ph1,False,tr);
pk=IIf(pk AND px0<tx0 AND ph0>ph1,False,pk);
tr=IIf(tr AND px0>tx0 AND tl0<tl1,False,tr);
pk=IIf(pk AND px2>tx1 AND ph1<=ph2,False,pk);
tr=IIf(tr AND tx2>px1 AND tl1>=tl2,False,tr);
pk=IIf(pk AND px0>px1 AND px1>tx1 AND px1>tx0 AND ph0>ph1,False,pk);
tr=IIf(tr AND tx0>tx1 AND tx1>px1 AND tx1>px0 AND tl0<tl1,False,tr);
px0=ValueWhen(pk,x,0); tx0=ValueWhen(tr,x,0);
px1=ValueWhen(pk,x,1); tx1=ValueWhen(tr,x,1);
px2=ValueWhen(pk,x,2); tx2=ValueWhen(tr,x,2);
ph0=ValueWhen(pk,H,0); tl0=ValueWhen(tr,L,0);
ph1=ValueWhen(pk,H,1); tl1=ValueWhen(tr,L,1);
ph2=ValueWhen(pk,H,2); tl2=ValueWhen(tr,L,2);
pk=IIf(pk AND px1>tx1 AND px2>tx1 AND ph1<ph2,False,pk);
tr=IIf(tr AND tx1>px1 AND tx2>px1 AND tl1>tl2,False,tr);
}
pkh=IIf(pk,H,Null);
trl=IIf(tr,L,Null);
TimeFrameRestore();
fact=Max(tfrm/60,Interval()/60)/(Interval()/60);
Lkbk=tfrm/Interval();
if(Lkbk>1)
{
pk=TimeFrameExpand(pk,tfrm,expandFirst);
pkh=TimeFrameExpand(pkh,tfrm,expandFirst);
pkhs=IIf(!IsEmpty(pkh),1,0);pkhs=pkhs-Ref(pkhs,-1);
pk=pk AND H==pkh;
cond1=Sum(pk,BarsSince(pkhs==1)+1)==1 AND pk;
pk=pk AND cond1;
tr=TimeFrameExpand(tr,tfrm,expandFirst);
trl=TimeFrameExpand(trl,tfrm,expandFirst);
trls=IIf(!IsEmpty(trl),1,0);trls=trls-Ref(trls,-1);
tr=tr AND L==trl;
cond1=Sum(tr,BarsSince(trls==1)+1)==1 AND tr;
tr=tr AND cond1;
px0=ValueWhen(pk,x,0); tx0=ValueWhen(tr,x,0);
px1=ValueWhen(pk,x,1); tx1=ValueWhen(tr,x,1);
px2=ValueWhen(pk,x,2); tx2=ValueWhen(tr,x,2);
ph0=ValueWhen(pk,H,0); tl0=ValueWhen(tr,L,0);
ph1=ValueWhen(pk,H,1); tl1=ValueWhen(tr,L,1);
ph2=ValueWhen(pk,H,2); tl2=ValueWhen(tr,L,2);
}
y0=ValueWhen(tr,trl,0);
y1=ValueWhen(tr,trl,1);
y2=ValueWhen(tr,trl,2);
y3=ValueWhen(tr,trl,3);
x0=ValueWhen(tr,xx,0);
x1=ValueWhen(tr,xx,1);
x2=ValueWhen(tr,xx,2);
x3=ValueWhen(tr,xx,3);
aa=(Y0-Y1)/(X0-X1);
ls1=aa*(xx-X1)+Y1;
dls1=ls1-Ref(ls1,-1);
aa=(Y1-Y2)/(X1-X2);
ls2=aa*(xx-X1)+Y1;
dls2=ls2-Ref(ls2,-1);
dls2=IIf(tr,Ref(dls1,-1),dls2);
aa=(Y2-Y3)/(X2-X3);
ls3=aa*(xx-X2)+Y2;
dls3=ls3-Ref(ls3,-1);
dls3=IIf(tr,Ref(dls2,-1),dls3);
y0=ValueWhen(pk,pkh,0);
y1=ValueWhen(pk,pkh,1);
y2=ValueWhen(pk,pkh,2);
y3=ValueWhen(pk,pkh,3);
x0=ValueWhen(pk,xx,0);
x1=ValueWhen(pk,xx,1);
x2=ValueWhen(pk,xx,2);
x3=ValueWhen(pk,xx,3);
aa=(Y0-Y1)/(X0-X1);
hs1=aa*(xx-X1)+Y1;
dhs1=hs1-Ref(hs1,-1);
aa=(Y1-Y2)/(X1-X2);
hs2=aa*(xx-X1)+Y1;
dhs2=hs2-Ref(hs2,-1);
dhs2=IIf(pk,Ref(dhs1,-1),dhs2);
aa=(Y2-Y3)/(X2-X3);
hs3=aa*(xx-X2)+Y2;
dhs3=hs3-Ref(hs3,-1);
dhs3=IIf(pk,Ref(dhs2,-1),dhs3);
if (tld)
{
dd=0.0;
Vh=dd*(ValueWhen(pk,C)-ValueWhen(pk,Ref(C,-1)))/ValueWhen(pk,C);
Vl=dd*(ValueWhen(tr,C)-ValueWhen(tr,Ref(C,-1)))/ValueWhen(tr,C);
ls1=IIf(dls1>=Vl,ls1,Null);
ls2=IIf(dls2>=Vl,ls2,Null);
ls3=IIf(dls3>=Vl,ls3,Null);
hs1=IIf(dhs1<=Vh,hs1,Null);
hs2=IIf(dhs2<=Vh,hs2,Null);
hs3=IIf(dhs3<=Vh,hs3,Null);
}
ls2a=IIf(BarsSince(tr)<=nbar*fact,ls2,Null);
ls2b=IIf(BarsSince(tr)>nbar*fact,ls2,Null);
ls3=IIf(BarsSince(tr)<=nbar*fact,ls3,Null);
hs2a=IIf(BarsSince(pk)<=nbar*fact,hs2,Null);
hs2b=IIf(BarsSince(pk)>nbar*fact,hs2,Null);
hs3=IIf(BarsSince(pk)<=nbar*fact,hs3,Null);
_SECTION_END();
_SECTION_BEGIN("Chart Colors");
SetChartBkColor(ParamColor("Background Color",ColorRGB(0,0,0)));
SetChartOptions(0,chartShowDates);
SetBarFillColor(IIf(C>O,ParamColor("Candle UP Color", colorGreen),IIf(C<=O,ParamColor("Candle Down Color", colorRed),colorLightGrey)));
Plot(C,"Price",IIf(C>O,ParamColor("Wick UP Color", colorDarkGreen),IIf(C<=O,ParamColor("Wick Down Color", colorDarkRed),colorLightGrey)),64,0,0,0,0);
Plot(pkh,"",colorRed,styleThick,0,0,0,-1);
Plot(trl,"",colorBrightGreen,styleThick,0,0,0,-1);
PlotShapes(shapeSmallCircle*tr,IIf(Lx-ValueWhen(tr,x)>nbar*fact,ColorRGB(0,100,0),colorWhite),0,L,-10);
PlotShapes(shapeSmallCircle*pk,IIf(Lx-ValueWhen(pk,x)>nbar*fact,ColorRGB(255,0,0),colorWhite),0,H,10);
Plot(ls1,"\nLower Trendline",colorBrightGreen,styleLine|styleNoRescale,0,0,0,-1);
Plot(ls2a,"",colorLightGrey,styleNoLine|styleDots|styleThick|styleNoRescale,0,0,0,-1);
Plot(ls2b,"",colorDarkGreen,styleNoLine|styleDots|styleThick|styleNoRescale,0,0,0,-1);
Plot(ls3,"",colorDarkGreen,styleNoLine|styleDots|styleThick|styleNoRescale,0,0,0,-1);
Plot(hs1,"\nUpper Trendline",colorRed,styleLine|styleNoRescale,0,0,0,-1);
Plot(hs2a,"",colorLightGrey,styleNoLine|styleDots|styleThick|styleNoRescale,0,0,0,-1);
Plot(hs2b,"",colorOrange,styleNoLine|styleDots|styleThick|styleNoRescale,0,0,0,-1);
Plot(hs3,"",colorOrange,styleNoLine|styleDots|styleThick|styleNoRescale,0,0,0,-1);
_SECTION_END();
if(showSignals)
{
Buy=( (!IsEmpty(Ref(hs2b,-1)) AND Ref(C<hs2b,-1)) AND (!IsEmpty(hs2b) AND C>hs2b) )
OR ( (!IsEmpty(Ref(hs3,-1)) AND Ref(C<hs3,-1)) AND (!IsEmpty(hs3) AND C>hs3) )
OR ( (!IsEmpty(Ref(hs2b,-1)) AND Ref(C<hs2b,-1)) AND (!IsEmpty(hs3) AND C>hs3) );
Buy=ExRem(Buy,tr OR pk);
BuyPrice=C;
Short=( (!IsEmpty(Ref(ls2b,-1)) AND Ref(C>ls2b,-1)) AND (!IsEmpty(ls2b) AND C<ls2b) )
OR ( (!IsEmpty(Ref(ls3,-1)) AND Ref(C>ls3,-1)) AND (!IsEmpty(ls3) AND C<ls3) )
OR ( (!IsEmpty(Ref(ls2b,-1)) AND Ref(C>ls2b,-1)) AND (!IsEmpty(ls3) AND C<ls3) );
Short=ExRem(Short,tr OR pk);
ShortPrice=C;
PlotShapes(IIf(Buy,shapeSmallUpTriangle,shapeNone),colorGreen,0,L,-15);
PlotShapes(IIf(Buy,shapeSmallCircle,shapeNone),colorWhite,0,BuyPrice,0);
PlotShapes(IIf(Short,shapeSmallDownTriangle,shapeNone),colorRed,0,H,-15);
PlotShapes(IIf(Short,shapeSmallCircle,shapeNone),colorWhite,0,ShortPrice,0);
}
qq=Interval()/60;
if(qq < 60){tf=" min";tt=qq;}
else if(qq >= 60 AND qq < 1440){tf=" hrs";tt=qq/60;}
else if(qq >= 1440){tf=" days";tt=(qq/60)/24;}
qq=Max(tfrm/60,Interval()/60);
if(qq < 60){tfa=" min";tta=qq;}
else if(qq >= 60 AND qq < 1440){tfa=" hrs";tta=qq/60;}
else if(qq >= 1440){tfa=" days";tta=(qq/60)/24;}
Title = Name() +
"\nNbar: " + nbar +
"\nChart TF: " + tt + tf +
"\nTrend TF: " + tta + tfa;
_SECTION_BEGIN("Label");
disp=ParamToggle("Display labels","Off|On",1);
dxhm=Param("Shift X Highs (Margin)",14,-100,100,1);
dxlm=Param("Shift X Lows (Margin)",10,-100,100,1);
dxh=Param("Shift X Highs",0,-100,100,1);
dxl=Param("Shift X Lows",0,-100,100,1);
dyhm=Param("Shift Y Highs (Margin)",5,-100,100,1);
dylm=Param("Shift Y Lows (Margin)",3,-100,100,1);
dyh=Param("Shift Y Highs",18,-100,100,1);
dyl=Param("Shift Y Lows",29,-100,100,1);
hm=Param("Marging High",30,-100,100,1);
lm=Param("Margin Low",30,-100,100,1);
function GetVisibleBarCount()
{
lvb=Status("lastvisiblebar");
fvb=Status("firstvisiblebar");
return Min(lvb-fvb,BarCount-fvb);
}
function GfxConvertPixelsToBarX(Pixels)
{
lvb=Status("lastvisiblebar");
fvb=Status("firstvisiblebar");
pxchartleft=Status("pxchartleft");
pxchartwidth=Status("pxchartwidth");
fac=pxchartwidth/Pixels;
bar=(lvb-fvb)/fac;
return bar;
}
function GfxConvertPixelToValueY(Pixels)
{
local Miny,Maxy,pxchartbottom,pxchartheight;
Miny=Status("axisminy");
Maxy=Status("axismaxy");
pxchartbottom=Status("pxchartbottom");
pxchartheight=Status("pxchartheight");
fac=pxchartheight/Pixels;
Value=(Maxy-Miny)/fac;
return Value;
}
if(disp)
{
ll=tr AND tl1<tl2;
hl=tr AND tl1>tl2;
hh=pk AND ph1>ph2;
lh=pk AND ph1<ph2;
dt=pk AND ph1==ph2;
db=tr AND tl1==tl2;
PlotShapes(shapeHollowCircle*lh,ColorRGB(255,193,193),0,H,10);
PlotShapes(shapeHollowCircle*hl,ColorRGB(202,255,112),0,L,-10);
miny=Status("axisminy");
maxy=Status("axismaxy");
AllVisibleBars=GetVisibleBarCount();
fvb=Status("firstvisiblebar");
LowMargin=Miny+GfxConvertPixelToValueY(lm);
HighMargin=Maxy-GfxConvertPixelToValueY(hm);
dyllm=GfxConvertPixelToValueY(dylm);
dyhhm=GfxConvertPixelToValueY(dyhm);
dyll=GfxConvertPixelToValueY(dyl);
dyhh=GfxConvertPixelToValueY(dyh);
dxllm=GfxConvertPixelsToBarX(dxlm);
dxhhm=GfxConvertPixelsToBarX(dxhm);
dxll=GfxConvertPixelsToBarX(dxl);
dxhh=GfxConvertPixelsToBarX(dxh);
for(i=0;i<AllVisibleBars;i++)
{
if(ll[i+fvb] AND L[i+fvb]>LowMargin) PlotText("LL",i+fvb+dxll,L[i+fvb]-dyll,colorWhite,colorBlack);
if(ll[i+fvb] AND L[i+fvb]<=LowMargin) PlotText("LL",i+fvb+dxll+dxllm,L[i+fvb]-dyllm,colorWhite,colorBlack);
if(hl[i+fvb] AND L[i+fvb]>LowMargin) PlotText("HL",i+fvb+dxll,L[i+fvb]-dyll,colorWhite,colorBlack);
if(hl[i+fvb] AND L[i+fvb]<=LowMargin) PlotText("HL",i+fvb+dxll+dxllm,L[i+fvb]-dyllm,colorWhite,colorBlack);
if(db[i+fvb] AND L[i+fvb]>LowMargin) PlotText("DB",i+fvb+dxll,L[i+fvb]-dyll,colorWhite,colorBlack);
if(db[i+fvb] AND L[i+fvb]<=LowMargin) PlotText("DB",i+fvb+dxll+dxllm,L[i+fvb]-dyllm,colorWhite,colorBlack);
if(hh[i+fvb] AND H[i+fvb]<HighMargin) PlotText("HH",i+fvb+dxhh,H[i+fvb]+dyhh,colorWhite,colorBlack);
if(hh[i+fvb] AND H[i+fvb]>=HighMargin) PlotText("HH",i+fvb+dxhh+dxhhm,H[i+fvb]+dyhhm,colorWhite,colorBlack);
if(lh[i+fvb] AND H[i+fvb]<HighMargin) PlotText("LH",i+fvb+dxhh,H[i+fvb]+dyhh,colorWhite,colorBlack);
if(lh[i+fvb] AND H[i+fvb]>=HighMargin) PlotText("LH",i+fvb+dxhh+dxhhm,H[i+fvb]+dyhhm,colorWhite,colorBlack);
if(dt[i+fvb] AND H[i+fvb]<HighMargin) PlotText("DT",i+fvb+dxhh,H[i+fvb]+dyhh,colorWhite,colorBlack);
if(dt[i+fvb] AND H[i+fvb]>=HighMargin) PlotText("DT",i+fvb+dxhh+dxhhm,H[i+fvb]+dyhhm,colorWhite,colorBlack);
}
Plot(tr,"",ColorRGB(0,100,0),styleHistogram|styleDashed|styleOwnScale|styleNoLabel,0,1,0,0);
Plot(pk,"",ColorRGB(100,0,0),styleHistogram|styleDashed|styleOwnScale|styleNoLabel,0,1,0,0);
}
_SECTION_END();
josh sir are you asking for this kind of afl!!!!