New Amibroker users dont know that within AFL they can get valuable information. Some code writer gives the first tips or guidelines within code in Text format. Even we can get contact details of the writer for further help. So amibroker users should open their favorite AFLs to check whether the AFL has any tip within or not. It will enrich their knowledge. Of course, most of the writers just give a short guideline, and some even don't give anything.
Opening an AFL is very simple. Click Write Muse Button. It will open a dialogue box. Find Edit Formula and click on it. After having a look, just close the Formula Editor.
One example :
if we open the AFL of Turtle trading system we get these information:
Author/Uploader: DrZingaro
E-mail: drzingaro@gmail.com...
Strengths: volatility-based.
Weaknesses: lag and since volatility increases at the end of a trend, traders exits early.
Description: Indicator is used to keep track of a trade. Indicator shows a orange circle where the exit would have taken place. Once a stop is hit, it waits for the next entry signal (short or long). Use on DAILY values only.
Algorithm: Lebeau recommends that an exits hangs from the HHV (long) or LLV (short) since the trade was triggered. Some traders use the highest close as the base for hanging the exit.
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