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Behgozin Strength Finder for Amibroker (AFL)
Rating:
3 / 5 (Votes 12)
Tags:
trading system, amibroker, exploration
BehSSF
Behgozin Stock Strength Finder.
Simply It shows the Strength of any Stock so you can select the best stock
Also can be used as buy and sell system by crossing zero line
It can be used in daily, weekly or monthly time frame. Also you can see the results by Exploration
this indicator also uses future results but the number decreased to 3 points and for decreasing its effect during 6 day I calculated WMA in 6 days period
Screenshots
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Indicator / Formula
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_SECTION_BEGIN("BehgozinStrengthFinder2");
//Behgozin Stock Strength Finder.
//Simply It shows the Strength of any Stock so you can select the best stock
//Also can be used as buy and sell system by crossing zero line
// It can be used in daily, weekly or monthly time frame. Also you can see the results by Exploration
CLN= Ref(C,3);
Beh=((CLN - EMA(CLN, 10)) / EMA(CLN, 10)) * 100;
Plot(0,"",colorBlack,styleLine);
V2 = HHV(Beh,100);
V3 = LLV(Beh,100);
Beh1= WMA(Beh*(V2-V3),6);
Plot(Beh1, "(Buy or sell when crossing Zero)- Behgozin Strength Finder ",4,4);
Buy = Beh1>0;
Sell = Beh1>0;
Filter = Buy OR Sell;
Buy=ExRem(Buy,Sell);
Sell=ExRem(Sell,Buy);
AddColumn(Beh1,"Behgozin Stock Strength");
AddColumn(Buy, "Buy");
AddColumn(Sell, "Sell");
_SECTION_END();17 comments
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nice indicator
Brother hotaro….
i hope u r aware of tht ref function is used to refer previous Quotes.
i.e. u have to use it in ref(C,-3) manner. but if u use 3 instead of -3 then it will consider next yet to come 3 Quotes of the array Close.
i.e. It will look into future.
i.e. the signal generated now will change if the trend change caused in next coming 3 bars.
so there is the great chance tht u will be doomed.
please check it urself in live market.
thanx!
Dear Extremist, You are exactly right I said that for decreasing future effect I used only 3 points and also I made WMA for It for 6 days, so in worst condition half of your points are real. on the other hand I do not promote using this indicator for live market but it can be useful for other market. Also the area os each curve below or above zero indicates strength of stock, so if you have a stock whth big area below zero you can expect strong increase in price during next days.
thanks a lot
should sell be less than 0 thanks
Nice one…
it looks to future. useless
it does not work on monthly data, why? can anyone help here
Dear Arvindid It works with all time frames- may be your no of data is insufficient
THANKS…IT SEEMS NICE AND SUCCESFULL.LET ME TRY…
Hi again,
Dear Friend, thnks for nice work and for sharing.
GOOD ONE SIR AND THANKS FOR SHARING
PRASAD
GOOD ONE SIR AND THANKS FOR SHARING
PRASAD
I try to convert this code into Metastock but the result is not the same as in Amibroker because of the following line : CLN=Ref(C,3). Does someone please know how to overcome this problem? Thanks a lot in advance! This is what I have till now:
thanx much in advance
Thanks a lot.
How can I select the best stock?? Above zero and under zero meaning??