Hello Seniors and Fellow traders,
One help required on the below formula, it sometime not calculate the correct SL or TGT in given any scrip here i am pasting the code and example image of DRReddy where its showing buying and TGT rate as same kindly help me to get corrected.
I am attaching code also it is very good to give signals in intraday and in Forex superb but when it comes to low price shares it dont give good idea.
Odd=13;
CoefOdd=round(Odd/2);
Even=12;
Coefeven=Even/2;
Coefeven2=Coefeven+1;
CongestionPercent=2.8;
TriangularOdd=MA(MA(C,CoefOdd),CoefOdd);
TriangularEven=MA(MA(C,Coefeven),Coefeven2);
finalMov_avg=IIf(Odd > even,triangularOdd,TriangularEven);
Color=colorBrightGreen;
tickercolor=colorWhite;
Plot(finalMov_avg,"",IIf(C < finalmov_avg,colorRed,Color),styleLine|styleThick);
Plot(C,"",tickercolor,styleCandle);
Title=Name()+"..."+"( "+WriteIf(Odd > even,WriteVal(Odd,1),WriteVal(even,1))+" ) Period "+EncodeColor(Color)+"Triangular"+WriteIf(Odd > even,"ODD","EVEN")+" Moving Average"+"..."+EncodeColor(colorBlack)+ WriteIf(C < finalMov_avg,"Close is "+EncodeColor(colorRed)+"Below"+EncodeColor(colorBlack)+" Moving Average by ","Close is"+EncodeColor(colorBrightGreen)+" Above"+EncodeColor(colorBlack)+" Moving Average by ")+"("+WriteVal(((C/finalMov_avg)-1)*100,1.1)+"% )"+"\n"+WriteIf(finalmov_avg-Ref(finalmov_avg,-1)>0," Slope Of Average is UP : ","Slope Of Average is DOWN :")+WriteIf((((C/finalMov_avg)-1)*100 <= CongestionPercent AND ((C/finalMov_avg)-1)*100 >= -CongestionPercent),EncodeColor(colorYellow)+" with Price Congestion / Divergence to Average ","")+"\n"+WriteIf(Ref(C,-1) < Ref(finalmov_avg,-1) AND C > finalmov_avg,EncodeColor(colorGreen)+"Possible Change in Trend From Down to Up"+"\n"+" OR Short Term Correction of Previous Trend",WriteIf(Ref(C,-1) > Ref(finalmov_avg,-1) AND C < finalmov_avg,EncodeColor(colorRed)+"Possible Change in Trend From Up to Down "+"\n"+" OR Short Term Correction to Previous Trend",""))+"\n"+WriteIf(C > finalmov_avg,EncodeColor(colorGreen)+"Close has been above Moving Average ( "+WriteVal(BarsSince(C < finalmov_avg),1)+" ) Bars",EncodeColor(colorRed)+"Close has been Below Moving Average ( "+WriteVal(BarsSince(C > finalmov_avg),1)+" ) Bars")+"\n"+EncodeColor(colorBlack)+"The average # of Bars Above ( "+WriteVal(round(Cum(BarsSince(C < finalmov_avg)/Cum(1))),1)+" )"+"\n"+"The average # of Bars Below ( "+WriteVal(round(Cum(BarsSince(C > finalmov_avg)/Cum(1))),1)+" )";
_SECTION_BEGIN("AFL Example");
SetBarsRequired(10000,10000); /* this ensures that the charts include all bars AND NOT just those on screen */
SetFormulaName("Sample System"); /*name it for backtest report identification */
SetTradeDelays( 1, 1, 1, 1 ); /* delay entry/exit by one bar */
SetOption( "initialequity", 100000 ); /* starting capital */
PositionSize = -10; /* trade size will be 10% of available equty */
SetOption( "MaxOpenPositions", 6 ); /* I don't want to comit more than 60% of Equity at any one time */
SetOption( "PriceBoundChecking", 1 ); /* trade only within the chart bar's price range */
SetOption( "CommissionMode", 2 ); /* set commissions AND costs as $ per trade */
SetOption( "CommissionAmount", 32.95 ); /* commissions AND cost */
SetOption( "UsePrevBarEquityForPosSizing", 1 ); /*set the use of last bars equity for trade size*/
PositionScore = 100/C; /*Set the order for which stock trades when get mulitple signals in one bar in backtesting */
LongPer = Param("Long Period", 50, 30, 100, 5 ); /* select periods with parameter window */
ShortPer = Param("Short Period", 5, 3, 10, 1 );
LongMA = EMA( C, LongPer );
ShortMA = EMA( C, ShortPer );
LastHigh = HHV( H, LongPer );
Buy = Cross( ShortMA, LongMA ) AND H > Ref( LastHigh, -1 );
Sell = Cross( LongMA, ShortMA );
Buy = ExRem(Buy,Sell);
Sell = ExRem(Sell,Buy);
Filter = Buy OR Sell;
AddTextColumn( FullName(), "Company Name" );
AddColumn( Buy, "Buy", 1 );
AddColumn( Sell, "Sell", 1 );
AddColumn( C, "Close", 1.3 );
AddColumn( H, "High", 1.3 );
AddColumn( LastHigh, "HHV", 1.3 );
AddColumn( LongMA, "Long MA", 1,3 );
AddColumn( ShortMA, "Short MA", 1,3 );
GraphXSpace = 10;
//Plot( C, " Close Price", colorGrey50, styleBar );
Plot( LongMA, " EMA(C,"+WriteVal(LongPer,1)+")", colorBrown, styleLine|styleNoRescale );
Plot( ShortMA, " EMA(C,"+WriteVal(ShortPer,1)+")", colorBlue, styleLine|styleNoRescale );
Plot( Ref(Lasthigh,-1), " HHV(H,"+WriteVal(LongPer,1)+")", colorRed, styleNoLine|styleDots|styleNoRescale );
//PlotShapes( shapeUpArrow*Buy, colorGreen, 0, L, -10 );
//PlotShapes( shapeDownArrow*Sell, colorRed, 0, H, -10 );
Title = " {{NAME}} {{DATE}} {{INTERVAL}} "+_DEFAULT_NAME()+" Chart values : {{VALUES}} ";
_SECTION_END();
no=Param( "Swing", 5, 1, 55 );
res=HHV(H,no);
sup=LLV(L,no);
tsl=IIf(ValueWhen(IIf(C>Ref(res,-1),1,IIf(C<Ref(sup,-1),-1,0))!=0,IIf(C>Ref(res,-1),1,IIf(C<Ref(sup,-1),-1,0)),1)==1,sup,res);
Buy = Cross(C,res) ;
Sell = Cross(sup,C) ;
_SECTION_END();
a=C;
g=(EMA(Close,3) * (2 / 4 - 1)-EMA(Close,5) * (2 / 6 - 1)) / (2 /4- 2 /6);
e=Ref(tsl,-1);
Buy = Cross(C,tsl) ;
Sell = Cross(tsl,C) ;
SellPrice=ValueWhen(Sell,e,1);
BuyPrice=ValueWhen(Buy,e,1);
Long=Flip(Buy,Sell);
Shrt=Flip(Sell,Buy );
Filter=Buy OR Sell;
Buy = Cross(C,tsl) ;
Sell = Cross(tsl,C) ;
shape = Buy * shapeUpArrow + Sell * shapeDownArrow;
PlotShapes( shape, IIf( Buy, colorGreen, colorRed ),0, IIf( Buy, Low, High ) );
a1=Ref(tsl,-1);
dist = 0.8*ATR(1); //0.8
dist1 = 1.8*ATR(1); //1.2
for( i = 0; i < BarCount; i++ )
{
if( Buy )
{
PlotText( "Buy:" + L[ i ] + "\nTgt: " + (a1*1.005) + "\nSL: " + (tsl*0.9975), i, L[ i ]-dist, colorLime);
}
if( Sell )
{
PlotText( "Sell:" + H[ i ] + "\nT: " + (a1*0.995) + "\nSL: " + (tsl*1.0025), i, H[ i ]+dist1, colorGreen);
}
}
