Learn the important components for building an algorithmic trading system from scratch. This couse has been built for newbies using the easiest programming language called AFL – Amibroker Formula Language.
Inventory adjustment occurs especially when the market participants goes too long or too short. Short term Inventory Adjustment will be realized in the market either in the form of short covering or long liquidation breaks. Understanding the Long Term, Short Term, Day timeframe inventory conditions will give the true edge from both the trader/investor perspective.
Nifty Futures is trading in the new territory and also hits all time high on friday trading session. This time weekly sentiment turned positive and interestingly market internals are holding positive and put writers are aggressively killing the option premium at 9800PE, 9900PE, 10000PE, 10100PE. None of the call writers are aggressive for this series despite the global events like North Korea Threat, China downgrade and local events like surgical strike, Fitch downgrading India’s growth forecast to 6.9 per cent.
The Federal Reserve announced last month that they would start to reduce their $4.5 trillion balance sheet in October, thereby starting the process we call Quantitative Tightening (QT). As expected, they are aiming to do it gently and quietly, by not reinvesting bonds as they mature, starting with sums of around $6 billion of Treasuries and $4 billion in Mortgage-Backed Securities (MBS). The scale of non-reinvestment will gradually increase. Once in full swing, the Fed’s balance sheet could reduce by up to $150 billion each quarter.
Nifty Futures had done a inventory adjustment in a steep slope on last Wednesday trading. It is more of short sellers day where an emotional short selling is witnessed in the second half of the session. Indicator sentiment remains positive for the 7th day. Nifty Futures on the Daily chart is trading above 50 day moving average 9960.
Nifty Futures made a descent recovery from the 9700 reference level. Nifty Futures on the Daily chart is trading below 50 day moving average 9960. However from the short term perspective indicator sentiment continues to be on the positive side with price action forming consecutive higher high for the last 4 consecutive trading sessions since the surgical strike day.
Too much of news about bitcoin(Chinese bitcoin bank, Korean ICOs ban, Jamie Dimon(JP Morgan), Goldman Sachs, ) kept the news flow busy attracting more of speculators. Despite all the negative speculation and panic dip below 3000 USD bitcoin price holds up with a strong bounce back.
Nifty managed to find support around 9700 zone and indicator sentiment turned positive on last friday evening. However profile sentiment manages to be negative as long as the price stays below 9814. Price accepting above 9814 could bring short some bullish bias back into the markets until then a sideways action between 9700-9814 is expected.
In the last tutorial we had seen a simple trick to access fundamental screener inside the Amibroker EOD database. Now how about accessing trading intraday charts, indicators and trading ideas inside Amibroker. We will be using Amibroker Web research feature to achieve this simple task.
Here is simple trick to get Fundamental Screener (Screener.in) information into Amibroker using Web Research feature. Web Research window in Amibroker allows you to view on-line news, research, profiles, statistics and all kind of information related to currently selected symbol available over the Internet (World Wide Web). Integration of Screener is quite simple and with few steps of instructions you can bring fundamental information into Amibroker.
Automated Trading System or Algorithmic Trading System is not a new terminology for Indian Retail Traders. Popularity of ‘algos’ is caching among everyone from engineers, doctors , real estate contractors and marketing or sales executives. Many Indian Brokerage platforms started providing Algo Execution Platforms, API’s to automate traders idea.
Two more days left for September expiry and volatility started crashing as India VIX is down 3% for the day. On the monthly scale nifty futures is down by -0.6%. Indicator Sentiment continues to be negative for the 6th consecutive trading session. And Profile sentiment continues its bearishness for the 4th consecutive session. Despite all the weakness from indicator and profile based sentiment still market internals remains bullish.