ZLEMA ATR Long only trading system is a mechanical strategy for higher time-frames. The trailing stop loss is quite adaptive and adjustible in the down trends to revise it stoploss downwards on its own and the buy or sell decision is taken only at the end of the candle. visit here to know more about Zero Lag EMA indicator
1)The green line indicates trailing stop for longs
2)The Red line indicates trailing stop for shorts
3)The Green Arrow indicates longs
4)The Red Arrow indicates shorts
1)Trailing Stoploss Lines
2)Buy/Sell Signal Added
3)Magnified Market Price at the right top corner
4)Timeleft counter to idenfity the end of the candle
5)Non Repainting – Arrows will form only after the end of the candle. No arrows will disappear once the signal formed.
Preferably higher timeframes like 30min,hourly.etc. Perfectly suits for positional traders who intersted in Long and Exit strategies. And moreover it is a carryforward strategy and not a intra-day strategy though. But work pretty good in high volatile environment.
Steps to Install
1)Download ZLEMA ATR AFL code
2)Unzip ZLEMA ATR Trading System to local folder
3)Copy ZLEMA ATR.afl file to \program files\amibroker\formula\basic folder
5)Open Amibroker and Open a New Blank Chart
6)Goto Charts->Basic Charts and apply/drag-and-drop the ZLEMA ATR Trading System code into the blank chart
7)Bingo you are done. Now you will be able to see the ZLEMA ATR Trading System indicator with Buy and Sell signals.
Amibroker 5.5 and above