Didi Index is a positional long only trading system constructed based on three exponential moving averages inspired from mql4 code Didi Index Indicator. Indicator developed by Brazilian and analyst Odir Aguiar (Didi), consists of “Moving Averages”, known for the famous needles Didi, which allows the visualization of reversal points.
_SECTION_BEGIN(“Didi Index Indicator”);
small = 2;
medium = 5;
sEMA = EMA(C,small);
mEMA = EMA(C,medium);
lEMA = EMA(C,large);
sEMA = sEMA/mEMA;
lEMA = lEMA/mEMA;
The AFL consist of two parts one is the Trading System which contains the Buy and Sell Signals plotted over the candles and the second one is the Didi Indicator. Download Didi Index Trading System amibroker AFL code.
One can try this trading system for Positional Trading Especially in Daily and Hourly Charts.Below insights shows the performance of trading system over hourly charts (Nifty Spot Since March 2009 till March 2014)