JNSAR Dots - Amibroker AFL Code

JNSAR Dots - Amibroker AFL Code

//JNSAR - Indicator ideated by Mr Illango (Just Nifty)
//Reference - http://tradeinniftyonly.blogspot.in/2010/09/jnsar-stop-and-reverse-trading-method.html

//Coded by Rajandran R - www.marketcalls.in
//Date - 10th Dec 2016



_SECTION_BEGIN("JNSAR"); 



Plot( C, "Close", ParamColor("Color", colorBlack ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() ); 

Period = Param("Length",5,5,100,1);

// JNSAR = (5 days HEma+5Days CEma+5Days LEma)/15

isum = (Sum(ema(High,Period),Period) + Sum(ema(Low,Period),period) + Sum(ema(Close,Period),period));

jnsar = round(isum/15);

buy = Cross(Close, jnsar);
sell =Cross(jnsar,Close);

Short = Sell;
Cover = Buy;

color = IIf(C>jnsar,colorGreen,colorRed);

Plot(jnsar,"JNSAR",color,styleDots|styleNoLine|stylethick);


_SECTION_END();