Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

13-13 Wilders Moving Average – Offset Channel Trading System – Amibroker AFL code

36 sec read

Nifty Daily Charts

 
Here is an another customized code similar to 5-13 EMA-Offset Channel Trading system. Here Instead of EMA we are using wilders moving average to filter the noise signals and to make the trading system better than 5-13 EMA-Offset Channel Trading system and to produce a distant signals compared to 5-13 EMA-Offset Channel trading system

Buy and Sell Rules are Simple
1)Buy if the candle closes above the EMA Offset cloud
2)Sell if the candle closes below the EMA offset cloud
3)Trailing stop loss is Lower Cloud Value in case of Buy Signal and Upper Cloud value in case of Sell signal

Wilders Moving Average Formula

Wilder’s Current Day Moving Average = (Previous Day Wilder’s Moving Average * (n-1) + Current Day Price)/n

Nifty Weekly charts

Just have a look at the distant signals made in both the Nifty Daily and Weekly charts when compared to the 5-13 EMA-Offset channel trading system

Download the Amibroker AFL code for 13-13 Wilders Moving Average – Offset Channel Trading System

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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14 Replies to “13-13 Wilders Moving Average – Offset Channel Trading System…”

  1. sir some people asking about this offset chanel trading system is there any pdf or tutorial about it

  2. @Kalyan

    Its nothing but the traditional 5EMA High – Low System with Displacement/Offset added to it… Just google for diplaced
    moving average… Here instead of close we are applying the
    moving average for Both the High and Low

  3. thanx . another point
    today i got guppy moving avarage(gmma) crossover exploration for metastock
    like that x:=((mov(c,3,e)+mov(c,5,e)+mov(c,8,e));
    y:=(mov(c,30,e)+mov(c,35,e)+mov(c,40));
    cross(x,y)

    or if u want cross over at least 3 bar before
    then last columm is barssince(cross(x,y))<=3
    sud put the formula in filter tab in metastock exploration .
    actually it use more ema like 12,15 in x colummm and 45,50 ema in y column . can be added as above manner.

    now if u pls convert it in amibroker afl will be helpfull to others.
    thanx

  4. Hello Sir

    how are you, hope all is well at your end, 🙂 Sir i needed some help on fixing the data, as there are some splits in shares like reliance hdfc bhushan steel etc

    In the data, the split of share is not auto updated and thus the charts are not proper, can you please help on fixing the problem on how to fix the splited data in the proper manner.

    Thanks sir

  5. Thx I got the answer from the old posts sir 🙂

    Sir one more thing, can you create a AFL which can filter out the stocks which are near to circuit points, it would be very helpful for us to find which stocks are going to hit upper circuit or lower circuit & we can exit at the right time.

    A scanner which can scan out the stocks which are near to there circuit levels, & last thing sir if I want to create a list of 50 nse stocks to scan upon how is it possible sir?

    & las thing, how to get comments which are answered via back email, as sometimes in between the old comments are lost so I miss them, is it possible that we can get replys on email also so that there is an alert.

    Keep rocking sir, Tc & thanks

  6. sir,
    i use metastock , but i dont have wilder mov avg . can u just provide me the wilder MA formula for metastock
    if yes i will be highly thankful to u
    regards

  7. Hi Mr Rajendran , can’t find the link to setup the wilders moving average on metatrader ?
    Can you help me out ?

  8. Hi i am Ashish
    Sir i want 15 min or 30 mint intraday trading syste which is percfet pl help me
    Thank you

  9. sir please Notify me of follow-up comments by email. Notify me of new posts by email.

    THANKYOU SIR

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