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Intraday Strength Of Bull Bear

How to use Intraday Strength Of Bull Bear?

Intraday Strength Of Bull Bear is one of the most powerful afl for intraday traders. The afl is based on high and low of previous day as it also acts as support and resistance. You can buy if previous day high is broken or you can sell at previous day high considering it as a resistance. It is recommended to take help of any oscillator like CCI or stochastic. The AFL can be used for intraday purpose only.

Intraday Strength Of Bull Bear
Intraday Strength Of Bull Bear

//www.aflcode.com
_SECTION_BEGIN("Three Track");
SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ));
Plot( C, "Close", ParamColor("Color", colorBlack ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() ); 
NewDay = Day()!= Ref(Day(), -1);
DH = HHV( H, NewDay);
DL =  LLV(L, NewDay);
Plot(DH,"DAY HIGH",colorBlue,ParamStyle("Style"),0,0,0);
Plot(DL,"DAY LOW",colorRed,ParamStyle("Style"),0,0,0);
R1=((DH-DL)*0.33)+DL;
R2=((DH-DL)*0.66)+DL;
Plot(R1,"FIB38%",colorGreen,styleDashed,0,0,0);
Plot(R2,"FIB62%",colorGreen,styleDashed,0,0,0);
_SECTION_END();
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