Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

Range Identifier – Amibroker AFL Code

22 sec read

Here is a simple range identifier Amibroker AFL code which helps you to spot and visualize out higher return event days and high volatile intraday range days to study how a specific stock/index reacted to the particular event/news outcome.

This Amibroker AFL code comes along with Amibroker Explorer as well. Code has a default range of 500 points it can be customized according to your requirement by right clicking over the charts and select Parameters to change the range values.

Range Identifier – Amibroker AFL Code

https://gist.github.com/4ec7806b537befdb8acd4d86a1dbada1

Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

Fisher Transform – Amibroker AFL Code

The Fisher Transform is a technical analysis indicator developed by John F. Ehlers, designed to identify potential turning points in the price movements of...
Rajandran R
2 min read

My Experience Converting SSL Hybrid from PineScript to Amibroker…

As a trader and coding enthusiast, I often find myself needing to translate trading indicators from one programming language to another. Recently, I embarked...
Rajandran R
8 min read

Line Trading – OpenAlgo Automation Module for Amibroker Users

The line Trading Automation tool is designed for Manual traders who want to perform level-based trade execution faster and also bring some advanced trade...
Rajandran R
59 sec read

3 Replies to “Range Identifier – Amibroker AFL Code”

  1. How can U get Ambibrokers software. I am using Angel Speed Pro
    Please inform me in details

  2. Dear Sir,
    instead of range if we use ATR than it gives more clarity and can be used on any time frame.

    color = IIf( diff1>=1.25*ATR(14) OR diff2 >= 1.25*ATR(14),colorYellow,colorDefault);

    please let me know your feedback.

Leave a Reply

Get Notifications, Alerts on Market Updates, Trading Tools, Automation & More