I had recieved many complaints from few of the Amibroker users that the 5 EMA High-Low AFL code is not working. So had done some correction and few modifications in the code.
Nothing much modification but the old code contains continuous & Excessive Buy or Sell signal on the charts that has been removed in the newer version just buy adding the EXREM funtion and the buy are sell condition remains the same i.e buy above on close above 5 EMA high and sell below 5 EMA low. And an Interactive Dashboard which tracks the 5EMA High-Low values in the dashboard.
Preferred timeframe
Mostly suitable to work at higher timeframes like Daily, Monthly, Weekly
Buy = Cross(C,EMA( High , 5 )); Sell = Cross(EMA( Low , 5 ),Close); Buy = ExRem( Buy, Sell ); Sell = ExRem( Sell, Buy );
Nifty 5 EMA High-Low Weekly Charts
Nifty Weekly charts are shown with 5EMA High-Low buy or sell signals. Currently Nifty is in buy mode on long term(Weekly time frame) with 5 EMA low supports near 5495 zone. Any close below that could warn a downtrend on longterm.
5EMA High-Low AFL with Dashboard Style
Powergrid and IDEA – Two stocks to watch for Very Long Term
Powergrid and IDEA monthly 5EMA high-low charts has been shown. Both the charts produces a buy signal last month. Powergrid longterm trend had changed to buy mode almost 12 months later and 5 months for IDEA. Currently both IDEA and Powergrid are trading above 5EMA high zone and 5EMA montly low zone could be the trailing long term supports Rs 67 and Rs 100 respectively. Long term investors can concentrate on these stocks for better investment.
Powergrid Monthly chart
IDEA Monthly chart
Related Readings and Observations
Nifty Nakshatra Trading System AFL code for Shorter timeframe Traders Nakshatra Trading system is for shorter timeframe traders especially for those who loves nifty. The AFL code gives Buy or Sell signal for lower timeframes with stop loss and target. Chart […]
The Foundation by Southwind v-13.00 Int AFL Code Here is an interesting and colourful AFL code. When i explored the AFL code it contains the Heiken Ashi candle and as usual ATR trailing stop loss line along with the Heiken Ashi candle. […]
Code Snippet : ORB – Open Range Breakout Levels – Amibroker AFL Code (Better Version) Open Range Breakout is a simple strategy which monitors first 5min / 15min / 15min / 30min / 60min range from the start of the market. From the opening high range and low range is […]
PercentRank Based Smooth ATR to Predict Change in Volatility – Amibroker AFL Code Is there a way where one can identify market regime shift from low volatility zone to high volatility zone and vice versa? How I can identify stocks with increasing volatility? Is there a […]
How to Get Moneycontrol News Snippets into Amiboker? Getting the newsfeed directly into my favorite charting software is always been interesting to me. If you are a news-hungry trader/investor possibly you may be also thinking in the same […]
Code Snippet : Price with Last Trade Price Marker : Amibroker Here is a simple Amibroker AFL code snippet which tracks the last trade price with a dashed horizontal line at LTP. It could be useful for the people who wants to know where the current […]
glad to see u back in action in afl coding
good one regarding afl code
do you provide us candle graph chart with different EMA (3,13,34) for intraday tradeing.if is it possible then send detail site address, so we can study in detail. We are searching for same to evaluate the trend of further movement of a market of a particular of a company. Waiting your reply, till time thanking you.
your’s
MANAN JHAVERI -- MUMBAI -- INDIA
@Manan Jhaveri
You can check out NSETracker for intraday realtime charts for nifty with parameters 13,34,55 EMA we had stopped using
3min EMA as 3min EMA can be roughly taken as the candle itself
sir ur broco live update which site sir pay chart i want sir. then sir indicator i see zigzag indicator so i want buy sell indicator u creat and give me sir when ever zigzag come next candle buy sell indicator creat me sir how much cost u tell sir . sir see 30minites 60 minites timeframe see sir
thank and see mail give me mail sir what i telling u no sir 30 minites 60 minities u see zigzag come then buy sell signal u creat sir u r thise filed u r graet sir see then u give my mail sir.
Do you have Backtest Report for the System?
Whats is the Success Rate and Max Drwadown?
Hi,
I am trying to plot 2 EMAs using AFL, one is from 5 min and other is from 60 min.
I don’t think Amibroker is plotting MA from 60 Timeframe properly, it shows up as a step where as I was expecting it to be a smoothish one, Here is the code and the result is shown in the image.
Am I missing something here? Can you please help?
Look forward to your response and help.
thanks a ton in advance.
CODE
TimeFrameSet( in5Minute ); // switch to 5 minute frame
/* MA now operates on 5 minute data, ma5_13 holds time-compressed 13 bar MA of 5min bars */
ma5_13 = MA( C, 13 );
TimeFrameRestore(); // restore time frame to original
TimeFrameSet( inHourly ); // switch now to hourly
mah_9 = EMA( C, 9 ); // 9 bar moving average from hourly data
TimeFrameRestore(); // restore time frame to original
// plot expanded average
Plot( TimeFrameExpand( ma5_13, in5Minute), “13 bar moving average from 5 min bars”, colorRed );
Plot( TimeFrameExpand( mah_9, inHourly), “9 bar moving average from hourly bars”, colorBlue );
Please see the AFL code below and attached image, i was expecting the MA from 60 min TF to be smoothened just like other EMA is there anything wrong in the code? Please help.
TimeFrameSet( in5Minute ); // switch to 5 minute frame
/* MA now operates on 5 minute data, ma5_13 holds time-compressed 13 bar MA of 5min bars */
ma5_13 = MA( C, 13 );
TimeFrameRestore(); // restore time frame to original
TimeFrameSet( inHourly ); // switch now to hourly
mah_9 = EMA( C, 9 ); // 9 bar moving average from hourly data
TimeFrameRestore(); // restore time frame to original
// plot expanded average
Plot( TimeFrameExpand( ma5_13, in5Minute), “13 bar moving average from 5 min bars”, colorRed );
Plot( TimeFrameExpand( mah_9, inHourly), “9 bar moving average from hourly bars”, colorBlue );
Sir, thanks for ur 5ema high alert afl. please help me to get pop up window . so that we will get pop up alert with stock name in different time frame
Is it possible to draw horizontal lines on the high and low values of of previous days 30 ema.
Yes it is possible. Let me know in little details how you would like to plot those lines automatically or manually?