Nifty Nakshatra Trading System AFL code for Shorter timeframe Traders

Nakshatra Trading system is for shorter timeframe traders especially for those who loves nifty. The AFL code gives Buy or Sell signal for lower timeframes with stop loss and target. Chart shown above is the Nifty 5min Charts with Nakshatra Trading system

Nakshatra AFL code can be downloaded from here

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Rajandran R

Rajandran is a trading strategy designer and founder of Marketcalls, a hugely popular trading site since 2007 and one of the most intelligent blog in the world to share knowledge on Technical Analysis, Trading systems & Trading strategies. More From Rajandran R »

33 comments… add one

  • Tina Taneja October 23, 2011, 7:26 pm

    Hi, I tried using it, my chart in amibroker compresses like this.

    Can you tell me how to fix it.

    Thanks in advance.

    Reply
  • Arun.jm October 24, 2011, 6:34 pm

    Thanks to add my AFL

    Reply
  • Mythri October 25, 2011, 7:47 am

    Hello Sir,
    Thanks for providing values inputs thrugh marketcalls.
    i have one request, can you please consider small time or house wifes who would like to have a small profit with intraday calls.

    Since you are concentrating more on Nifty and day trading. would request if any AFL or charting pattern to suit for short term calls.

    Thanks much in advance.

    Reply
  • Rajesh Joshi October 25, 2011, 9:41 am

    Hello,
    Sir,
    I try nakshtra trading afl code in amibroker but lot off eror in this. plz send me right code sir

    Reply
  • ananth October 25, 2011, 3:58 pm

    helo ji pls provide the afl to gci it will so help for gci demo trader

    Reply
  • kentuky3 October 25, 2011, 8:26 pm

    syntax error… formula not working.. plz recheck the afl code…. your efforts always appreciated.. tx

    Reply
  • ajay October 25, 2011, 8:41 pm

    hi why this afl dont give sl & tgt when we use it for commodity scripts ??

    Reply
  • kentuky3 October 26, 2011, 10:43 pm

    error in the code i guess…. {syntax error # 30}.. waiting for your reply

    Reply
  • Rajandran R October 30, 2011, 7:16 pm

    Hi Everyone,

    Code has been redmodified. And its still works fine for me. My Amibroker version is v5.3.0
    Kindly check yours

    Reply
  • bpr October 30, 2011, 10:25 pm

    what are the rules ???

    Reply
  • Vijay November 24, 2011, 11:20 am

    Dear Rajendran,

    This Nakshatra afl is future looking, We buy sell arrows only after target is achieved and the levels have crossed. What is the use boss?
    We can do only post mortem with this afl. Please set it right.

    Reply
  • Amirishali November 28, 2011, 7:41 pm

    Rajandran…I checked & tested on AmiB5.30. It’s working fine.Simply trade with Red/Blue SAR,it gives best result for 15min.On 15 min it avoids most false signals which can occur in 5min.I was using similar kind of system with your counter trend EMAavg as SELL signal & EMAH10 as a BUY signal.Both systems are providing almost same timing signals.Anyways…Thanks a lot for your effort & kind support.

    Reply
    • Rajandran R November 29, 2011, 6:42 am

      Thanks Amirishali for your comprehensive Feedback.

      Reply
  • Amirishali November 28, 2011, 8:07 pm

    Rajandran…can you plz add “SAR=value” (Red or Blue line value) after Trend Text “+Up or -Down or ” so that it is handy to take the trade accordingly.Thanks in advance.

    Reply
  • Amirishali December 2, 2011, 2:55 pm

    Rajandran…. one more drawback is when showing HLOC values in title,it is not showing decimal values..so plz add values till 2 decimals…it is damn essential….hope u will modify this as well as my SAR request….
    Thanks in advance.

    Reply
  • Amirishali December 3, 2011, 6:29 pm

    Thanks Dear…Take your own time.

    Reply
  • ashish January 22, 2012, 10:09 am

    nice blog

    Reply
  • vicky February 11, 2012, 11:22 pm

    Dear Rajendra Sir,
    i have download the nakshatra trading system , but i dont know how to configration in amibroker , plz send me details with step by step … i am new user of amibroker ,, & yes sir any if you have some good indicator for nifty future the plz mail me … throught that i can trade in nifty .

    Thanks
    vikcy

    Reply
  • Abhishek March 21, 2012, 10:12 am

    Naksharta is nothing but copy of NMA…

    Reply
  • Gajanan April 11, 2012, 11:45 pm

    are the arrows realtime? or they are looking into future?

    Reply
  • Carl April 19, 2012, 7:01 pm

    Hello frnds,
    Before you enter any trades as per this systems, make sure you have a proper backtest, check each and every trade the backtest result has shown.
    As I feel ders some problem/trick in it. I did the backtest, i kept the trade to initiate on the close of the bars i.e in Analysis>Automatic analysis>settings>trades.
    But when i back tested and checked the trades …each trades…sometimes it showed a buy on the low of the bar…and some times in short position the entry is made at the high of the bar. these things are nxt to impossible to trade.

    Reply
  • Carl April 19, 2012, 7:32 pm

    Hello frnds,
    I did backtesting of this stratergy with the automatic analysis. There are many flaws in the system. It looks like, it gives huge profit, but in actual the trades are made on lows ( for long) and high (for shorts). Though few trades are done proper, like it made its bar get complete and than entered.
    Also exits are not proper.
    So i would say if you guys want to trade on this sytem, backtest it, check each and every call manually and then strt trading live.

    Reply
  • Carl April 20, 2012, 12:23 pm

    NMA gives a proper calls than nakshtra.

    Reply
  • Noufel May 1, 2012, 1:07 am

    Dear,
    I would like to get the value of ATR(20) of weekly in daily chart. Whats the code format.
    Thanks in advance
    Noufel

    Reply
  • Noufel May 1, 2012, 1:08 am

    Dear,
    I would like to get the value of ATR(20) of weekly in daily chart. Whats the code format.
    Thanks in advance
    Noufel

    Reply
  • diwa May 30, 2012, 11:19 am

    Dear Ji,

    I need your help to create afl code for macd combining with bollingar bands.

    Kindly do me a favour.

    Thanks in Advance,
    Diwa

    Reply
  • CJ November 9, 2012, 2:20 am

    What is the proper way to use it? There are close to 12 different symbols. Yellow Arrows, white arrows.If you can share it, I will prepare docment for others.

    Reply
  • Md Rehman December 29, 2012, 9:45 pm

    Downloaded this code, works well on 15 min frame, tested on high volume stocks, looks good, if tgt and Sl is added witg. Decimal values, it would be great

    Reply
  • Abhijit January 23, 2013, 11:06 am

    Hi, can u plz tell the buy & sell formula for Nakshatra trading system as I wish to backtest it but Amibroker 5.6 is giving error that buy & sell formula is not properly coded. Its not working on other stocks too ! Thank u.

    Reply
  • RIPAL April 6, 2013, 5:04 pm

    sir,
    pl. give me exporation formula and the necessary setting in ami broker for right result , how to do setting for automatic exploration means when buy /sell signal occure the formula automatic pop up with window or by audio alert ,if u have any kind of exploration formula pl. mail me on my email : motibenripalishah@yahoo.co.in

    Reply
  • rupesh February 12, 2014, 6:48 pm

    thanxxxxxxxxxxxx

    Reply

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About the Author

    • Rajandran is a Market Analyst and founder of Marketcalls, one of the most intelligent blog in the world to share knowledge on Technical Analysis, Trading systems & Trading strategies.