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    Trendline Breakout Trading System

    Uploaded by

    Osama Al Shsmmari
    This document contains code for identifying patterns in price data such as wedges, triangles, and channels. It calculates trendlines for support and resistance and colors the chart bars based on breaks of the trendlines. Text columns are added to annotate the chart with the identified patterns and breakout directions.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd

    Trendline Breakout Trading System

    Uploaded by

    Osama Al Shsmmari
    108 views3 pages
    This document contains code for identifying patterns in price data such as wedges, triangles, and channels. It calculates trendlines for support and resistance and colors the chart bars based on breaks of the trendlines. Text columns are added to annotate the chart with the identified patterns and breakout directions.

    Copyright

    © © All Rights Reserved

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    TXT, PDF, TXT or read online from Scribd

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    This document contains code for identifying patterns in price data such as wedges, triangles, and channels. It calculates trendlines for support and resistance and colors the chart bars based on breaks of the trendlines. Text columns are added to annotate the chart with the identified patterns and breakout directions.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Download as txt, pdf, or txt
    108 views3 pages

    Trendline Breakout Trading System

    Uploaded by

    Osama Al Shsmmari
    This document contains code for identifying patterns in price data such as wedges, triangles, and channels. It calculates trendlines for support and resistance and colors the chart bars based on breaks of the trendlines. Text columns are added to annotate the chart with the identified patterns and breakout directions.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Download as txt, pdf, or txt
    of 3

    //www.aflcode.

    com
    _SECTION_BEGIN("Pattern_Recognition_with_Shading");
    //Pattern Recognition graph with shading

    /*TRENDLINES BREAKOUT*/

    x = Cum(1);

    per = Param("Percent",3,1,5,1);

    s1=L;

    s11=H;

    pS = TroughBars( s1, per, 1 ) == 0;

    endt= LastValue(ValueWhen( pS, x, 1 ));

    startt=LastValue(ValueWhen( pS, x, 2 ));

    endS = LastValue(ValueWhen( pS, s1, 1 ) );

    startS = LastValue( ValueWhen( pS, s1, 2 ));

    dtS =endt-startt;

    aS = (endS-startS)/dtS;

    bS = endS;

    trendlineS = aS * ( x -endt ) + bS;

    pR = PeakBars( s11, per, 1 ) == 0;

    endt1= LastValue(ValueWhen( pR, x, 1 ));

    startt1=LastValue(ValueWhen( pR, x, 2 ));

    endR = LastValue(ValueWhen( pR, s11, 1 ) );

    startR = LastValue( ValueWhen( pR, s11, 2 ));

    DTR=ENDT1-STARTT1;

    aR = (endR-startR)/dtR;

    bR = endR;

    trendlineR = aR * ( x -endt1 ) + bR;

    BEGIN=Min(STARTT,STARTT1);

    TRS = IIf(x>BEGIN-10,trendlineS,-1e10);

    TRR = IIf(x>BEGIN-10,trendlineR,-1e10);
    Condcolor=(Cross(C,trendlineR) AND X>ENDT1) OR (Cross(trendlineS,C) AND

    X>ENDT);

    BarColor=IIf(Condcolor,7,1);

    Plot(C,"Close",BarColor,styleCandle);

    Plot(TRS,"Support",colorYellow,styleLine);

    Plot(TRR,"Resist",colorYellow,styleLine);

    /////////////////////////////////////

    // Shading //

    ////////////////////////////////////

    fill=Param("style",2,1,2,1);

    style=IIf(fill==1,styleHistogram,IIf(fill==2,styleArea,Null));

    x=IIf(trs > trr,trr,trs);

    Plot(x,"",colorLightGrey,style);

    Plot(trr,"",colorPink,style);

    ////////////////////////////////////////////

    // Pattern Recognition in title bar //

    ///////////////////////////////////////////

    Lowline=Ends-starts;

    Highline=endr-startr;

    Wedge=IIf(Highline <0 AND Lowline > 0,1,0);

    DecendingTriangle=IIf(Highline < 0 AND Lowline==0,1,0);

    AscendingTriangle=IIf(Highline==0 AND Lowline > 0,1,0);

    DownChannel=IIf(Highline<0 AND Lowline<0,1,0);

    UpChannel=IIf(Highline>0 AND Lowline>0,1,0);

    BroadeningWedge=IIf(Highline > 0 AND Lowline < 0,1,0);

    ///////////////////////////////////

    // Bullish or Bearish breakout //

    //////////////////////////////////
    BullishBreakout=Cross(C,trendlineR);

    BearishBreakout=Cross(trendlineS,C);

    Title=Name()+ WriteIf(wedge==1," Wedge","")+WriteIf(DecendingTriangle==1,"


    Decending Triangle","")+WriteIf(AscendingTriangle==1,"Ascending
    Triangle","")/*+WriteVal(Lowline)*/+WriteIf(DownChannel==1," Downward Sloping
    Channel","")+WriteIf(UpChannel==1," Upward Sloping Channel","")
    +WriteIf(broadeningWedge==1," Broadening Wedge","")+"\n"+EncodeColor(colorGreen)
    +WriteIf(bullishbreakout,"Bullish Breakout",EncodeColor(colorRed)
    +WriteIf(bearishbreakout,"Bearish Breakout",""))/*+WriteVal(highline)*/;

    /////////////////////////////////////

    // Automatic Analysis //

    ////////////////////////////////////

    Filter=AscendingTriangle OR DecendingTriangle OR Wedge OR DownChannel OR UpChannel


    OR BroadeningWedge OR Bullishbreakout OR bearishbreakout;

    AddTextColumn(WriteIf(bullishbreakout,"bullish Breakout",""),"BullBreak");

    AddTextColumn(WriteIf(bearishBreakout,"Bearish Breakout",""),"BearBreak");

    AddTextColumn(WriteIf(ascendingtriangle,"Ascending
    Triangle",WriteIf(decendingtriangle,"Decending
    Triangle",WriteIf(Wedge,"Wedge",WriteIf(DownChannel,"Down
    Channel",WriteIf(UpChannel,"Up Channel",WriteIf(BroadeningWedge,"Broadening
    Wedge","")))))),"Pattern");

    AddColumn(C,"Close");

    _SECTION_END();

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