Nifty Daily chart
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Nifty 5-13 EMA-Offset Channel trading system is just the variant of the Advance Get 6-4 Channel trading system where a 6 day moving average is offset by 4day Moving average offset and the resulting indicator is plotted. In our case 5 EMA is offset by 13day EMA. Check out the Nifty daily and weekly charts for the recent buy and sell signal’s made by this 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
Scanning,Exploration and Buy or Sell Signals features added to the trading system.
Nifty Weekly Chart
what a colection . but as a trial version user cant do exploration.
can’t have metastock alternative sir?
will 5,13 ema cross over exploration will do?
outstanding research work ur doing. keep it up and wish for your profitable trade. One thing i wish shall i plot this in ichart charts and chartnexus (free) charts. kindly clarify plz. thank u.
Exploration, scanning and backtesting are not possible using trial version
i mean to say that i have ema 5,13 cross over exploration in metastock. can it explore buy signal for this system. or if u can suggest where can i get metastock exploration for this afl
thx sir for a wonderful afl once again 🙂
sir ,
For postnal trading we have got so many good afl codes, thanks to you , but what is required is an excellent afl code for intraday trading , looking for the same soon from your side . tx in adv.
hai,
Mr Rajendran
Thanks for afl codes ,but how to get connected to amibroker software
plse guide me
srinivas murthy
9820448599
@Srinivas Murthy
Try Amibroker Trial version from amibroker.com
@Jitin
I think the same can be applied for intraday with 5,10,15 min time frames
just backtest and check which suits your intraday trading style.
Hello Rajandran Sir,
I just want to know about circuit bracker…how to know which stock is crossing and ready to go in circuit…
Dear Sir,
I hope that this will be better in 5-13 channel trading.
_SECTION_BEGIN(“5-13 EMA Channel”);
A = EMA( H,5 );
B = EMA( L,5 );
D=.0009;
xt=A+A*D;
yb=B-B*D;
PlotOHLC(xt,xt,yb,yb ,””, ColorBlend( colorGreen, 0.9 ), styleCloud|4096,0,0,13);
Plot(xt+.5 ,””, colorBlack, styleLine|4096,0,0,13);
Plot(yb-.5 ,””, colorBlack, styleLine|4096,0,0,13);
_SECTION_END();
Dear Sir..thanks for so many useful AFL and products and congr8s for the Tie-up for DATA FEEDING..
Sir i am unable to use some AFL..in my MT4
5-13 EMA-Offset Channel Trading system AFL code ,
SDA2 Trend Trading System – AFL code
Ichimoku Cloud Scanner v2.0 – AFL Code
NMA Swing Explorer
exploration is showing every stock everyday…how do u write exploration only for a crossover not the following days ???
could u code this for Pine scripting language ?