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Very Accurate Pivot High Low Lines


How to use Very Accurate Pivot High Low Lines Amibroker afl?

Very Accurate Pivot High Low Lines afl automatically plots pivot lines for you so it is very easy to guess where will stock take next halt. Very Accurate Pivot High Low Lines afl can also be used as support and resistance lines. This afl can be used in any time frame also it can be used with any lagging indicator like RSI, MACD or Stochastic for additional confirmation.


Very Accurate Pivot High Low Lines
Very Accurate Pivot High Low Lines


//www.aflcode.com

SetBarsRequired( sbrAll,sbrAll) ;
nbar = Param("nbar" ,4,2,50,1) ;

PHigh = H > Ref(HHV(H,nbar) ,-1) AND Ref(HHV(H,nbar) ,nbar) < H;
PHighPrice0 = ValueWhen(PHigh, H);
PHighPrice1 = IIf(PHighPrice0 AND BarsSince(PHigh) > nbar,PHighPrice0, Null);
PHighPrice2 = IIf(PHighPrice0 AND BarsSince(PHigh) <= nbar,PHighPrice0, Null);
PLow = L < Ref(LLV(L,nbar) ,-1) AND Ref(LLV(L,nbar) ,nbar) > L;
PLowPrice0 = ValueWhen(PLow, L);
PLowPrice1 = IIf(PLowPrice0 AND BarsSince(Plow) > nbar,PLowPrice0, Null);
PLowPrice2 = IIf(PLowPrice0 AND BarsSince(Plow) <= nbar,PLowPrice0, Null);

GraphXSpace = 5;
SetChartOptions( 0, chartShowDates) ;
Plot(C,"\nLast close " ,colorGreen, styleCandle) ;
PlotShapes(shapeSmallCircle* PLow,colorGreen, 0,L,-10);
PlotShapes(shapeSmallCircle* PHigh,colorRed, 0,H,10);
PlotShapes(shapeUpArrow*PLow, colorGreen, 0,L,-25);
PlotShapes(shapeDownArrow*PHigh, colorRed, 0,H,-25);

Plot(PHighPrice1, "\nPHighPrice" ,colorOrange, styleThick) ;
Plot(PHighPrice2, "",colorOrange, styleDots | styleNoLine) ;
Plot(PLowPrice1, "\nPLowPrice" ,colorGreen,styleThick) ; 
Plot(PLowPrice2,"",colorGreen,styleDots,styleNoLine);

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