Hull ROAR indicator helps in identifying the fastest raising shares and filters it out of the fastest rising shares. Hull ROAR is the brainchild of Alan Hull (author of active investing). ROAR stands for Rate of Annual Return. The rate of annual return is calculated by taking the annual increase in price activity and dividing by the current share price. The result is multiplied by 100 to convert it to a percentage.
1)Filter Fundamentally Good Bluechip Stocks
2)Buy stocks/index if the Current Rate of Annual Return is greater than cutoff rate
3)Exit stocks/index if the Current Rate of Annual Returns is lesser than cutoff rate
Here are the backtested results for Nifty 50 index on Weekly timeframe with cutoff rate of 10%
|Symbol||Trade||Date||Price||Ex. date||Ex. Price||% chg||Profit Points|
|NIFTY 50||Open Long||19/08/16||8666.9||02/01/17||8179.5||-5.62%||-487.4|
Hull ROAR Indicator formula (Active Investing style) – Amibroker AFL Code
Note : The below AFL code is recommended to use in Weekly Charts
5 Replies to “Hull ROAR – Rate of Annual Return Amibroker AFL…”
Would like to know more details about Market calls and how it can be useful.
rajandran sir. aapki help chahiye.for fix single error. there are in error at word study
study(“CDC Action Zone 20170101″, overlay=true)
src = input(title=”Sorce”, defval=ohlc4 , type=source)
prd1 = input(title=”Fast EMA”, defval=12, type=integer)
prd2 = input(title=”Slow EMA”, defval=26, type=integer)
Fast = ema(src,prd1)
Slow = ema(src,prd2)
macd = Fast-Slow
Bullish = macd>0
Bearish = macdFast
Yellow = Bullish and srcSlow
Brown = Bullish and src<Fast and src<Slow
Red = Bearish and srcFast and srcFast and src>Slow
Buy = Bullish and Bearish
PreBuy = Blue and Blue and Blue and Blue and src<src
BuyMore = barssince(Bullish)25 and src2 and src0? green : red)
How is this different from ROC!….Isnt it simply comparing ROC to cutoff….!
Alan Hull Website Reads “Rather than use the change in value over one year, which is a little blunt, we can take a sample over a shorter time frame and annualise the result. And, to provide a degree of smoothing, the price values can be taken from a moving average like the Hull Moving Average or using linear regression.”
This is not working on my amibroker. The indicator says empty when used on weekly charts,doesn’t work for smaller time frames as well.
Could it be due to lack of data?. I have one year historical data.
kindly suggest what could be done.