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Accurate Heiken Ashi Bollinger Band ADX System

Accurate Heiken Ashi Bollinger Band ADX System
Accurate Heiken Ashi Bollinger Band ADX System

//www.aflcode.com
//================================================== ======================
// HBA Trading system (Heiken Ashi, Bolinger Bands, ADX)

//================================================== ==================================
SetChartOptions(0,chartShowArrows | chartShowDates);

// 1. Heiken Ashi
HaClose = (O + H + L + C)/4;
HaOpen = AMA( Ref( HaClose, -1 ), 0.5 );
HaHigh = Max( H, Max( HaClose, HaOpen ) );
HaLow = Min( L, Min( HaClose, HaOpen ) );
xDiff = (HaHigh - Halow);
barcolor = IIf(HaClose >= HaOpen,colorBrightGreen,colorRed);
PlotOHLC( HaOpen, HaHigh, HaLow, HaClose, "", barcolor, styleCandle );

// 2. Bolinger Bands
BBTop=BBandTop(H,10,2);
BBBot=BBandBot(L,10,2);
BBMid=(BBTop+BBBot)/2;

Plot(BBTop,"",12,1);
Plot(BBMid,"",12,1);
Plot(BBBot,"",12,1);


// Buy, sell
EntryLong = Cross(C,BBMid) AND HaClose>HaOpen AND xDiff>1 AND ADX(14)<40;
ExitLong = Cross(BBMid,C) AND HaClose<HaOpen AND xDiff>1;
PlotShapes(IIf(EntryLong , shapeSmallUpTriangle, shapeNone) ,colorBrightGreen, 0,L,-30);
PlotShapes(IIf( ExitLong , shapeSmallDownTriangle, shapeNone) ,colorOrange, 0,H,-25);
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