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How to Download and Use Free Amibroker AFL Code

Amibroker is a popular technical analysis software that allows you to create and backtest your own trading strategies. One of the features of Amibroker is that it supports a scripting language called Amibroker Formula Language (AFL), which enables you to customize and enhance your indicators, scans, explorations, and trading systems.

If you are looking for free Amibroker AFL code to download and use, you have come to the right place. In this article, we will show you how to find, download, and use free AFL code from reliable sources. We will also share some tips on how to optimize your AFL code for better performance and results.

Where to Find Free Amibroker AFL Code

There are many websites that offer free Amibroker AFL code for download. However, not all of them are trustworthy or updated. Some of them may contain errors, bugs, or malicious code that can harm your computer or compromise your trading account. Therefore, you should be careful when downloading AFL code from unknown sources.

One of the best places to find free Amibroker AFL code is StockManiacs, a website that provides quality trading education and resources. StockManiacs has a collection of over 100 free AFL codes that cover various aspects of technical analysis, such as indicators, oscillators, chart patterns, candlestick patterns, trend lines, support and resistance levels, Fibonacci retracements and extensions, pivot points, Gann angles, and more.

All the AFL codes on StockManiacs are tested and verified by experienced traders and programmers. They are also compatible with the latest version of Amibroker. You can download the entire collection of AFL codes in a single zip file from their website. The zip file is only 1.3 MB in size and contains a readme file with instructions on how to install and use the AFL codes.

How to Download and Use Free Amibroker AFL Code

Once you have downloaded the zip file from StockManiacs, you need to extract it to a folder on your computer. Then, you need to follow these steps to use the AFL codes in Amibroker:

Open Amibroker and create a new chart for the stock you want to analyze.

Click on the âAnalysisâ tab and select âFormula Editorâ from the drop-down menu.

Click on âNewâ to create a new formula.

Copy and paste the AFL code that you want to use from the folder into the formula editor.

Save the formula with a name of your choice.

Apply the formula to the chart by clicking on the âApply Indicatorâ button on the toolbar or pressing Ctrl+I.

Adjust the parameters of the formula if needed by right-clicking on the chart and selecting âParametersâ.

You can also use the AFL codes for scanning, exploring, or backtesting your trading strategies. To do so, you need to follow these steps:

Open Amibroker and click on the âAnalysisâ tab.

Select âScanâ, âExploreâ, or âBacktestâ from the drop-down menu depending on what you want to do.

Select the formula that you want to use from the list of formulas on the left panel.

Select the symbols or watchlists that you want to scan, explore, or backtest on the right panel.

Click on âSettingsâ to adjust the settings of your analysis such as range, periodicity, trade options, etc.

Click on âRun Analysisâ to start your analysis.

View the results of your analysis on the bottom panel.

How to Optimize Your Free Amibroker AFL Code

While using free Amibroker AFL code can save you time and effort, it may not always suit your trading style or preferences. You may want to modify or optimize your AFL code to improve its performance and results. Here are some tips on how to optimize your free Amibroker AFL code: 061ffe29dd