ADXxBollingerband indicator is derived using ADX and Bollinger Bandwidth. It is yet another cross coding conversion from MQL4 code to Amibroker AFL code. And ADXxBollingerband is inspired from Waddah Attar ADXxBollinger MQL4 Indicator.one of the most popular indicator among open source mql4 community.
Here is a very simple yet a powerful hourly strategy in MCX crude. I would like to call it as 10EMA Reverse strategy. i.e buy signal will generate in case of hourly candle closes above 10EMA and sell signal will generate if the candle closes above 10EMA.
This time comingup with Multitimeframe dashboard an addon dashboard for Supertrend indicator with sound and popup alerts. Here are instructions to setup your amibroker with multitimeframe dashboard . Installation steps are listed below.
Here is a simple volatility based long only reversal trading system inspired from Sylvain Vervoort's Volatilty Band. Sylvian generally built volatilty for swing trading however here we built a system on top of his volatility band and made it as a long only reversal trading system.
This time comingup with upgraded version of Supertrend indicator with sound and popup alerts. Here are instructions for those who follows Supertrend v2.0 to trade in a better manner. Installation steps are listed below.
This internet has very less resource on how to backtest a strategy on intraday basis as most of the strategy adapted so far in marketcalls are carry forward strategy. Strategies like Ichimoku Cloud TSL, SDA2 Trend Trading System and Supertrend etc are mostly carry forward strategy. And to implement a pratical intraday strategy you need to mix mathematical models with time based strategies (i.e) when to initiate a position ,when to exit and whent to stop the trade during the day.
We recently decided to see how correlated the S&P Nifty is with Dow Jones (US index) and if they were becoming more or less correlated in recent years. The chart shows the 20 day correlation between S&P Nifty Index and Dow Jones Index.
Here is the first simple scalping indicator from marketcalls called iTrend inspired from WA scalping indicator for Metatrader. iTrend Scalping indicator takes inputs two timeframes and finally displays the iTrend values in the higher timeframes.
The main challenge with the classic ORB Study for Amibroker is that it generates too many signals on the intraday charts and backtesting is not possible with such a study. This problem has been overcome by Mr Dinesh Tarde by fine tuning ORB study makes the code backtestable
Now in the newer version of Ichimoku AFL code we replace the cloud with the trailing stoploss alone so that one can easily identify the current training stoploss and it helps them in better decision making. Also the Dashboard make it even better.
The Term Volatility ratio is coined by Jack D. Schwager to identify trading range and potential trend reversal. The values of the volatility ratio range from 0.01-1.00 and typically traders predicts the reversal points
ConnorsRSI is a composite indicator consisting of three components. Two of the three components utilize the Relative Strength Index (RSI) calculations developed by Welles Wilder in the 1970’s, and the third component ranks the most recent price change on a scale of 0 to 100.