Comment on Kite - publisher
commented on
18 Mar 2016, 05:26 PM
Dear Nitin Sir,
KITE is an excellent trading platform for desktop, where you has provided various type of chart settings and a Super Trend magic to fly along with different types of Indicators which help to trader when they can BUY/SELL.
I am posted an amibroker formula bellow, it is an excellent divergence and convergence indicator written with the help of MACD and Stochastic indicator (it is not written by me, it’s searched from google) but, it work amazing with change of color of candle stick. It is helpful to trader, when they will enter to trade (BUY/SELL).
You are requested, may please test it. If it gives satisfactory divergence and convergence signals.
I am humbly request you add it in the list of “STUDIES” of KITE TRADING PLATFORM it will much helpful for BUY and SELL.
Regards
_SECTION_BEGIN(“Flower”);
Show_color = ParamToggle(“Display CandleColor”, “No|Yes”, 1);
r1 = Param( “ColorFast avg”, 5, 2, 200, 1 );
r2 = Param( “ColorSlow avg”, 10, 2, 200, 1 );
r3 = Param( “ColorSignal avg”, 5, 2, 200, 1 );
Prd1=Param(“ATR Period”,4,1,20,1);
Prd2=Param(“Look Back”,7,1,20,1);
green = HHV(LLV(L,Prd1)+ATR(Prd1),Prd2);
red = LLV(HHV(H,Prd1)-ATR(Prd1),Prd2);
flowerClose = EMA((Open+High+Low+Close)/4,3) ;
flowerOpen = EMA((Ref(Open,-1) + Ref(flowerClose,-1))/2,3);
Temp = Max(High, flowerOpen);
flowerHigh = EMA(Max(Temp, flowerClose),3);
Temp = Min(Low,flowerOpen);
flowerLow = EMA(Min(Temp, flowerClose),3);
_SECTION_END();
//———–
_SECTION_BEGIN(“MACD”);
r1 = Param( “Fast avg”, 12, 2, 200, 1 );
r2 = Param( “Slow avg”, 26, 2, 200, 1 );
r3 = Param( “Signal avg”, 9, 2, 200, 1 );
r4 = Param( “Wk slow”, 17, 2, 200, 1 );
r5 = Param( “Wk fast”, 8, 2, 200, 1 );
m1=MACD(r1,r2);
s1=Signal(r1,r2,r3);
//————-
m1=MACD(r1,r2);
s1=Signal(r1,r2,r3);
mycolor=IIf(m1s1, colorYellow,IIf(m1>0 AND
m1>s1,colorWhite,IIf(m1>0 AND m1Green ,colorWhite,IIf(C < RED,colorRed,colorWhite));
PlotOHLC( IIf(flowerOpen<flowerClose, flowerOpen,flowerClose),flowerHigh,flowerLow,IIf(flowerOpenRef(HHV(High,Buyperiods),-1) ;
Sell= C<Ref(LLV(Low,Sellperiods),-1);
/* exrem is one method to remove surplus strade signals. It removes excessive signals of arrow */
Buy = ExRem(Buy, Sell);
Sell = ExRem(Sell, Buy);
PlotShapes( IIf( Buy, shapeSmallUpTriangle, shapeNone ), colorWhite, layer = 0,yposition = HaLow, offset = -30);
PlotShapes( IIf( Sell, shapeSmallDownTriangle, shapeNone ), colorYellow , layer = 0, yposition = HaHigh, offset = -30);
_SECTION_END();