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#1 Selling Amibroker Plugin featuring:
Intraday must have for Amibroker (AFL)
I found this helpfull so, with due respect to author posting here
setup
1). Timeframe : 5min chart
2). EMA : 110 period
3). CCI : 14 days
Why EMA 110? To be frank no idea but when tested proved with results to guage the TREND!
RULE
BUY / GO LONG CONDITION
a). The 5 min candle should be above 110 EMA.
b). CCI should be > 100. We consider CCI reading only for ENTRY not for EXIT. This CCI will act as a FILTER to avoid false Traps
c). A 0.10% filter on the High price
SELL / GO SHORT CONDITION
a). The 5 min candle should be below 110 EMA.
b). CCI should be < -100. We consider CCI reading only for ENTRY and not for EXIT. This CCI will act as a FILTER to avoid false Traps
c). A 0.10% filter on the Low price
EXIT : Rs.10/- min
SL : Rs.10/- (as I want to keep RR as 1:1)
Recommended Scrips : MARUTI, AXISBANK, LT, TCS, ICICIBANK & SBI
I have tested the strategy with the above scrips and hence posted as recommendation. Why I have selected the above scrip is bacause of the highly traded volume.
I will explain in detail with the Charts
Karthik
*/
Similar Indicators / Formulas
Indicator / Formula
TimeFrameSet( in5Minute); dec = (Param("Decimals",2,0,7,1)/10)+1; EMA110=EMA(C,110); pt=CCI()>100;nt=CCI()<-100; Buy2show = 0; Short2show = 0; Sell2show = 0; Cover2show = 0; Today = LastValue(Day()); // Check if it is time to close the postions. EOD = IIf(TimeNum()>152900, 1, 0); noEOD = IIf(TimeNum() < 152900,1, 0); // Logic for uptrend or downtrend uptrend = C>EMA110 AND pt; downtrend=C<EMA110 AND nt; // Ignore the previous day bar Datefine = IIf(Ref(DateNum(),1) == Ref(DateNum(),-1),1,0); // The current bar should be more than previous bar value + 0.1% for buy in uptrend BuyV = uptrend AND Ref(uptrend, -1) AND (H > ( Ref(H, -1)+ H*.001 )) AND Datefine ; // the current bar should be less than previous bar value - 0.1% for sell in downtrend SellV = downtrend AND Ref(downtrend,-1) AND (L < ( Ref(L, -1)-L*.001 )) AND Datefine ; BuyPrice = IIf(BuyV==1,Max(O,Ref(H,-1)+H*.001 ),0); ShortPrice = IIf(SellV==1,Min(O,Ref(L,-1)-L*.001 ),0); Bp = ValueWhen(BuyPrice !=0,BuyPrice); Sp = ValueWhen(ShortPrice !=0,ShortPrice); mktclose=Param("Market Close Time",152500,000000,235959,1 ); Buy = BuyV AND Today ; Short= SellV AND Today ; Cover = TimeNum() > mktclose ; Sell = TimeNum() > mktclose ; Buy=ExRem(Buy,Sell); Short=ExRem(Short,Cover); CP = 0; Trend = 1; //************************************************** *************************************// for( i = 0; i < BarCount; i++ ) { if( Buy[i] ) { PlotText( "\n"+"\n"+"\n"+"Buy@" +WriteVal( Bp[ i],1.2), i-5, L[ i ]-Trend[i], colorWhite, colorBlue); Buy2show=Bp; } if( Short[i] ) { PlotText( "\n"+"\n"+"\n"+"Short@" +WriteVal (Sp[ i ],1.2), i-5, H[ i ]+Trend[i], colorWhite, colorRed ); Short2show=Sp; } } SetChartOptions(0, chartShowDates); //Plot(C,"\nC",colorWhite,64); PlotShapes(IIf(Buy,shapeUpArrow,shapeNone),colorGreen,0,L,-15); PlotShapes(IIf(Buy,shapeHollowUpArrow,shapeNone),colorWhite,0,L,-15); PlotShapes(IIf(Buy,shapeHollowSmallCircle,shapeNone),colorWhite,0,BuyPrice,0); PlotShapes(IIf(Short,shapeDownArrow,shapeNone),colorRed,0,H,-15); PlotShapes(IIf(Short,shapeHollowDownArrow,shapeNone),colorWhite,0,H,-15); PlotShapes(IIf(Short,shapeHollowSmallCircle,shapeNone),colorWhite,0,ShortPrice,0); PlotShapes(IIf(Sell,shapeDownArrow,shapeNone),colorYellow,0,H,-15); PlotShapes(IIf(Cover,shapeUpArrow,shapeNone),colorYellow,0,L,-15); _SECTION_BEGIN("Price"); Graph0 = Close; Graph0Style = 128; barcolor = IIf( downtrend, colorRed, IIf( uptrend, colorGreen ,colorWhite ) ); Graph0BarColor = ValueWhen( barcolor != 0, barcolor ); SetBarFillColor( IIf( downtrend,colorRed, colorGreen) ); SetChartBkGradientFill( ParamColor("BgTop", colorBlack),ParamColor("BgBottom", colorBlack),ParamColor("Titleblock",colorWhite)); SetChartOptions(0,chartShowArrows|chartShowDates); _N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Uptrend %g,Open %g, Hi %g, Lo %g,Close %g (%.1f%%) {{VALUES}}", uptrend,O, H, L, C, SelectedValue( ROC( C, 1 ) ) )); ToolTip=StrFormat("Open: %g\nHigh: %g\nLow: %g\nClose: %g (%.1f%%)\nVolume: "+NumToStr( V, 1 ), O, H, L, C) + "\n" + "\n" ; Plot( C, "Close", ParamColor("Color", colorWhite ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() ); Plot( 2, /* defines the height of the ribbon in percent of pane width*/ "ribbon", IIf( uptrend, colorGreen, IIf( downtrend, colorRed, colorTan )), /* choose color */ styleOwnScale|styleArea|styleNoLabel, -0.5, 100 ); //filters Filter=Buy|Short; SetOption("NoDefaultColumns", True); AddTextColumn(Name(), "SYMBOL"); AddColumn(DateTime(), "DATE", formatDateTime); AddColumn(TimeNum() ,"Time",1, 75); AddColumn(IIf(Buy, 66, 83), "TRIGGER", formatChar, colorWhite, IIf(Buy, colorGreen, colorRed)); AddColumn(IIf(Buy, BuyPrice,ShortPrice), "TRIG PRICE", 1.2); AddColumn(IIf(Buy, (BuyPrice)+10, (ShortPrice)-10), "Target", 1.2); AddColumn(IIf(Buy, (BuyPrice)-10, (ShortPrice)+10), "Stop Loss", 1.2); AddColumn(C, "Last Close", 1.2); SetSortColumns( -3 );Title = EncodeColor(29)+ Title = Name() + " " + EncodeColor(32) + Date() + " " + EncodeColor(29) + "{{INTERVAL}} " + EncodeColor(29)+ " Open = "+ EncodeColor(17)+ NumToStr (O,dec) + EncodeColor(29)+ " High = "+ EncodeColor(17) + NumToStr (H,dec) + EncodeColor(29)+ " Low = "+ EncodeColor(17)+ NumToStr (L,dec) + EncodeColor(29)+ " Close = "+ EncodeColor(17)+ NumToStr (C,dec) + EncodeColor(29)+ " Volume = "+ EncodeColor(17)+ NumToStr (V,1.0) +"\n"+"\n"+ EncodeColor(colorRed)+ WriteIf (Buy , " GO LONG / Reverse Signal at "+BuyPrice+" ","")+ WriteIf (Short , " EXIT LONG / Reverse Signal at "+ShortPrice+" ","")+"\n"+EncodeColor(colorBlue)+ WriteIf(Short , "Total Profit/Loss for the Last Trade Rs."+(ShortPrice-Bp)+"","")+ WriteIf(Buy , "Total Profit/Loss for the Last trade Rs."+(Sp-BuyPrice)+"",""); GraphXSpace=12; _SECTION_BEGIN("EMA2"); P = ParamField("Price field",-1); Periods = Param("Periods", 110, 2, 300, 1, 10 ); Plot( EMA( P, Periods ), _DEFAULT_NAME(), ParamColor( "Color", colorBlue ), ParamStyle("Style",styleThick) ); _SECTION_END();
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NO BUY SELL ARROWS FOR AMI 5.3
@ Shailendra
Please use only 5 minute time frame. It is for that TF only
nonsense formula.