This course will give you an indepth view on deep technical usage of Amibroker software, handle it effectively on day to day usage (Scanners, Exploration, Trading System, Custom Indicators, Automating a Trading System, Requirements) and the critical components needed for your own algo trading system. This will give thought on pieces that will make you successful as indie automated trader to control your own destiny.
Nifty Futures started its liquidation phase since the start of Karnataka election results. Clients are liquidating their major long positions and parallelly PRO+DII+CLI also exiting their shorts positions. Most of those long liquidations so far resulted in a net negative trend.
Nifty Futures on Wednesday trading session exactly respected at the Tuesdays prominent POC and also selling continued at days open. Day ended with a spike with a poor structure combination indicating a potential pullback towards 10540 levels as the short term trading inventory goes short to too short. Current swing low is not secured yet (will be revisited in a very shorter term).
In the financial markets, often a set of market participants keep on adding long inventory of a particular trading instrument during bull markets (long inventory pile up phase) over a period of time. At times the long inventory goes to the extreme which is often followed by the liquidation of those piled up inventories (liquidation phase). It is a trading good practice to understand which participants are piling inventories and who in the markets are cutting down their inventories.
Amibroker backtesting results provide profit table in the form of compounded values. However, most of the traders when comes to real life trading they prefer using fixed capital as position size. If you want to test the profitability of your system in Month on Month Absolute terms then this article is for you.
Nifty Futures formed a back to back secured high indicating a potential swing top formation and also on Friday’s trading session broken 2 week low comfortably and closed below that comfortably. Immediate shorter term resistance coming around 10720 levels. In the last article, we talked about Too Many Weaker References dominating Nifty Futures.
Participation OI is a free and simple lightweight EOD Participation data downloader for Amibroker. It downloads Equity derivatives (index & stocks participation) data and updates to Amibroker software automatically in a time series format.
Karnataka Elections results are due for this week (on 15th May 2018). Interestingly month to date performance from the major indices shows that Nifty, Bank Nifty,Nifty Financial Services, Nifty Energy are the major indices where investors piled in for the month of May. Rest of the sectors shows negative growth month to date.
Dow Theory is a time-honored market analysis tool. Its name comes from Charles H. Dow, co-founder of The Wall Street Journal.
“Too many Weaker References” – What does that actually mean? It means more of short term buyers behavior at every dip where they come and pile at very mechanical references. Those are the references which are often susceptible to retest and at times faster. when the weaker reference levels are exponential it indicates that short term inventory is getting long to too long and the revisiting odds of all those references significantly increased.
Nifty Futures formed value area lower on Wednesdays trading session however holding on to the major support level 10698 on closing basis. Both Indicator sentiment and Profile sentiment are holding to negative. More under-performance seen in Midcap and Smallcap stocks. Now staying below 10698 is critical for Nifty Futures towards the downside references 10480. Value buildinng lower is the further key to downtrend in a very short term.
Nifty Smallcap index formed a classical bullish island reversal pattern during last week of March 2018 since then price mean reverted back to 200 Moving Average on the daily charts. Last 15 trading sessions its been hovering around 200MA.