Hello,
Below is my way for the 6e futures which is 4 decimal places, make the
necessary changes for stocks. Just click on chart after highlighting a bar,
than either F12 or double click to bring up the Green Range bar. With a
little subbing of lines you should be able to get you ATR targets and the
fourth target.
Hope this helps,
JG
PS. And Stupid NT can't do this.
//new way Sep 11 2008 ADJUSTED JUNE 17, 09 by Jerry Gress
Zone = ParamList( "Zones", "1T,2T,1U,1D,2U,2D" );
ffact = Param("Fuge Factor",0.00000,-0.0009,0.0010,0.0001);
xhi = BeginValue(MA(H,1))+ffact;
xlo = BeginValue(MA(L,1))+ffact;
//midpt = (xhi + xlo)/2+ffact;//midpt = BeginValue(MA(H-1.15,1))+ffact;
//PlotGrid(midpt,colorYellow);
xzon1 = Param("1st Profit",0.0004,0,0.0100,0.0001);
xzon2 = Param("2nd Profit",0.0008,0,0.0100,0.0001);
newstp =Param("Stop Amount",0.0009,0,0,0025,0.0001);
//Profit 1 target up AND dn
if ( Zone == "1T" )
Plot( xhi, "", colorDarkGreen, styleLine );//buy entry at hi
if ( Zone == "1T" )
PlotGrid(xhi-newstp,colorGreen);//stop green
if ( Zone == "1T" )
Plot(xlo,"",colorDarkRed,styleLine);//sell entry at lo
if ( Zone == "1T" )
PlotGrid(xlo+newstp,colorRed);//stop red
if ( Zone == "1T" )
Plot(xhi+xzon1,"",colorDarkGreen,styleLine);//1st profit
if ( Zone == "1T" )
Plot(xlo-xzon1,"",colorDarkRed,styleLine);//sell profit
// profit 1 and 2 up and dn
if ( Zone == "2T" )
Plot( xhi, "", colorDarkGreen, styleLine );//buy entry at hi
if ( Zone == "2T" )
PlotGrid(xhi-newstp,colorGreen);//stop green
PlotGrid(xhi-newstp,colorGreen);
if ( Zone == "2T" )
Plot(xlo,"",colorDarkRed,styleLine);//sell entry at lo
if ( Zone == "2T" )
PlotGrid(xlo+newstp,colorRed);//stop red
if ( Zone == "2T" )
Plot( xhi + xzon1, "", colorDarkGreen, styleLine );//1st buy profit
if ( Zone == "2T" )
Plot( xhi + xzon2 , "", colorDarkGreen, styleLine );//2nd buy profit
if ( Zone == "2T" )
PlotGrid( (xhi + .0050) , colorDarkGreen);//18.25 MAX
if ( Zone == "2T" )
Plot(xlo-xzon1,"",colorDarkRed,styleLine);//sell profit
if ( Zone == "2T" )
Plot(xlo-xzon2,"",colorDarkRed,styleLine );//2nd sell profit
if ( Zone == "2T" )
PlotGrid( xlo - .0050,colorDarkRed );//18.25 MAX
//1U
if (Zone == "1U" )
Plot( xhi, "", colorDarkGreen, styleLine );//buy entry at hi
if (Zone == "1U" )
PlotGrid(xhi-newstp,colorGreen);//stop green
if (Zone == "1U" )
Plot(xhi+xzon1,"",colorDarkGreen,styleLine);//1st Profit
//1D
if (Zone == "1D" )
Plot(xlo,"",colorDarkRed,styleLine);//sell entry at lo
if (Zone == "1D" )
PlotGrid(xlo+newstp,colorRed);//stop red
if (Zone == "1D" )
Plot(xlo-xzon1,"",colorDarkRed,styleLine);
//2 up
if (Zone == "2U" )
Plot( xhi, "", colorDarkGreen, styleLine );//buy entry at hi
if (Zone == "2U" )
PlotGrid(xhi-newstp,colorGreen);//stop green
if ( Zone == "2U" )
Plot( xhi + xzon1, "", colorDarkGreen, styleLine );//1st profit
if ( Zone == "2U" )
Plot( xhi + xzon2 , "", colorDarkGreen, styleLine );//2nd buy profit
if ( Zone == "2U" )
PlotGrid( (xhi + .0050) , colorDarkGreen);//18.25 MAX
//2 DN
if (Zone == "2D" )
Plot(xlo,"",colorDarkRed,styleLine);//sell entry at lo
if (Zone == "2D" )
PlotGrid(xlo+newstp,colorRed);//stop red
if ( Zone == "2D" )
Plot(xlo-xzon1,"",colorDarkRed,styleLine);//1ST sell profit
if ( Zone == "2D" )
Plot( xlo - xzon2 , "", colorDarkRed, styleLine );//2nd sell profit
if ( Zone == "2D" )
PlotGrid( xlo - .0050,colorDarkRed );//18.25 MAX
////////////////////////////////////////////////////////////////////////////
//////
-----Original Message-----
From: [email protected] [mailto:[email protected]] On Behalf
Of ford7k
Sent: Tuesday, August 03, 2010 10:49 AM
To: [email protected]
Subject: [amibroker] Req Please help make this afl intraday chart-plot
entry-breakeven-stop-tgt
Hi afl experts
I have a 5 minute chart for my trading day.
I know for my stock the entry number. I have a formula to calculate stoploss
and breakeven stop and target 1 and 2
I want the afl to draw dotted lines on chart for entry ,breakeven ,
entry plus 1ATR
The point here is to give a visual view on chart and then enable me to take
action as per plan
For example
The entryprice needs to be parameterised.need two options one default and
another user choice number
The code picks up entry if I feed a number or if not fed any number it picks
up a support pointor any reasonable point .
I wont mind if code plots a shape at first entry point.
Evey time price fluctuates it goes from loss zone to profit zone and it has
to pass thru breakeven point,which appears as a dotted line or line.when
price is going from profit to loss, and when it reaches breakeven
point,action time is shown.
I define breakeven as
breakeven = entryprice + 2*(0.0005*entryprice)
The targetS ARE DEFINED BY 1*ATR(10), 2*ATR(10) AND 3*ATR(10)
These need to be plotted as lines.
target4-----------------------------
target3-----------------------------
target2----------------------------
target1 ------------------------------------
Breakeven price ...............................
Entry price-------------------------------------
initialstoploss=================================
The moment ,in a long entry,price goes above the breakeven price,Imove my
stoploss to breakeven level and wait.
Once risk becomes zero,I stay calm,peaceful and take profits at tgt1
or below it but above breakeven for sure.
Initialsatoploss is below entry and picks 5 the lowestlow to the left of
entry.
Every trader gets one chance where his trade stays in a zone above breakeven
price. once he looses the chance he will end up in loss.
So the idea is see entry, breakeven, reasonable taergets on chart and focus
on zero risk, then moderate profits.
Missing on highe gains is not the point. going into a zone below breakeven
point or not is the main focus.
Hope somebody gives me a starting code lines.
I prefer a fixed static line for entry and breakeven and target.
Once the trade is over i restart again
with another stock.
once longtrade code is set, we will do opposite for short trade code lines.
(entry
For entry I used price above ema13 and ema13 sloping upwards at an angle of
above 45 degrees and to 90degrees.manual judging)
thanks
regards
ford
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