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Intraday Ranker and Trade Filter for Amibroker (AFL)

Rating:
4 / 5 (Votes 5)
Tags:
amibroker

This Indicator will help you to find suitable scrips for day trading.
If Intraday qualifying factor is more than 2 in previous day daily chart, the scrip is good for intraday trading. higher the value better the result.

And also you can use trade filter to find the minimum risk involved in any trade entry.
below 100% is good for entry.

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Indicator / Formula

Copy & Paste Friendly
//Intraday Ranker and Trade Filter
//by Abdul, realsenseindia@yahoo.com www.realsenseindia.com

TF=(ATR(1)*100/ATR(14));IQF=ATR(20)*100/Close;
GfxSelectPen( colorWhite, 3 );  
      GfxSelectSolidBrush( colorBlue );   
     GfxRoundRect( 05, 100, 200, 57, 10, 10 );     
   GfxSetBkMode(1);    
    GfxSelectFont( "Arial", 8, 700, False ); 
       GfxSetTextColor( colorWhite );     
    GfxSetTextAlign(-10);
GfxTextOut( WriteIf(iqf, "Inraday Qualifying Factor: "+(iqf),""), 95, 78);
GfxTextOut( WriteIf(tf, "Trade Filter: "+(tf),""), 80, 90);
//GfxTextOut( WriteIf(Low, "LOW: "+(Low),""), 140, 90);
//GfxTextOut( WriteIf(High, "HIGH: "+(High),""), 140, 78);

5 comments

1. amitrandive

Good Filter , can you give an exploration for Trade when
TF>2 and IQF<100?

2. rmike

It’s fairly simple to incorporate. Just add this line

Filter = TF > 2 AND IQF < 100;
AddColumn(C, "Close", 1.2);
AddColumn(TF, "Trade Filter", 1.4);
AddColumn(IQF, "Qualifying Factor", 1.2);

P.S – Columns can be sorted (ascending/ descending, as desired)
Note : You can play with values of TF & IQF to create further
required explorations.

3. amitrandive

rmike

Thanks for adding the requested exploration.

4. target1cr

should run using EOD day or intraday data.

Thanks

5. jtprsn1

IT IS VERY NICE BUT IT IS MORE THEN 2 OR .2 MY SELECTED 40 STOCKS IN NIFTY50 NOBODY TOUCH 2.

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