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You are here: Home / Amibroker / Ichimoku TSL Amibroker AFL code V3.0

Ichimoku TSL Amibroker AFL code V3.0

February 20, 2013 by Rajandran 34 Comments

This AFL code is the upgraded vesion of Ichimoku Cloud Scanner V2.0. In the older version its tough to identify the stop loss levels as during buy signals the bottom of the cloud act as trailing stoploss and during sell signal top of the cloud act as a trailing stoploss.

Now in the newer version of Ichimoku AFL code we replace the cloud with the trailing stoploss alone so that one can easily identify the current training stoploss and it helps them in better decision making. Also the Dashboard and magnified marketprice are the added features and make it even better.

 
Simple Trading Rules

1)Buy on Close above the Ichimoku TSL line
2)Sell on Close below the Ichimoku TSL line
3)Red Arrows indicates sell signal i.e candle closes below the cloud
4)Green Arrows indicates Buy Signal i.e candle closes above the cloud

 

Nifty 90 min charts

Nifty 90 min - charts

Banknifty 90 min charts

Bank nifty 90 min - charts

Ichimoku TSL Amibroker AFL code V3.0

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Filed Under: Amibroker Tagged With: AFL Code, Amibroker, Ichimoku

About Rajandran

Rajandran is a Full time trader and founder of Marketcalls & Co-Founder of Traderscafe, trades mostly using discretionary Trading Concepts like Market Profile, Trading sentimental analysis, building timing models, algorithmic trading models. Instructs professional traders, full time traders & aspiring full time traders. Rajandran attended college in the Chennai where he earned a BE in Electronics and Communications. Rajandran has a broad understanding of trading softwares like Amibroker, Ninjatrader, Esignal, Metastock, Motivewave, Market Analyst(Optuma),Metatrader,Tradingivew,Python and understands individual needs of traders and investors utilizing a wide range of methodologies.

Comments

  1. SANJAY says

    February 20, 2013 at 9:43 am

    THANKS FOR SHARING THIS…………………..

    Reply
  2. hari says

    February 20, 2013 at 11:06 am

    Valuable contribution to the society. keep going.

    Reply
  3. Mahender says

    February 20, 2013 at 4:14 pm

    Thanks a lot!

    Reply
  4. sreenath says

    February 21, 2013 at 12:42 pm

    how to set parameters

    Reply
  5. Senthil says

    February 23, 2013 at 10:45 am

    Really a good indicator.Do you have any test results?

    Reply
  6. vill says

    March 5, 2013 at 7:13 am

    just a funny question about AFL code
    if your AFL code is very big (size > 500kb )
    your amibroker will show price chart very slow (due to it need time to read afl code)
    Do you know any way to let the price show fast ? if your AFL code is very big (size > 500kb )
    Thank you

    Reply
  7. hoirman says

    March 15, 2013 at 6:57 pm

    I tied it … great improvement. I ran exploration but got stopped with this error message “error 29 Variable ‘entry’ used without having been initialized (Ln 238, col:75). Your help in locating erroe and correcting will be most appreciated.

    Dick Hoierman

    Reply
    • Rajandran R says

      March 15, 2013 at 8:12 pm

      @Hoirman,

      Make sure that your are doing scanning/exploration with only on Watchlist not with complete database as sometimes if the database contains very less or no bars then such errors could occur

      Reply
      • Hoierman says

        March 15, 2013 at 11:28 pm

        Thanks Raj,
        I set up all NYSE stock over $5.00 and volume over 100000 in watch list. And it worked except for a few at end.
        I would like to have the “Message Board ” to show days rather than minutes. What needs to be changed to accomplish. You are an excellent programmer. Have you done anything i with Volume Spread Analysis (VSA) ?

        Dick Hoierman

        Reply
        • Rajandran R says

          March 16, 2013 at 8:24 am

          Hoierman,

          My Work is currently with trend trading and Sector Rotational Strategies. Not done much with VSA

          Reply
  8. Ravi says

    March 16, 2013 at 7:00 pm

    Dear Rajandran
    Thx for your excellent work to help the trading community.
    Understand that “Pin bar candlle” is also an excellent indicator to trade.
    May I, therefore request you to provide a scan for the same.
    It would be ideal if it is added to the existing candle identication AFL already avlbl.
    Thx again
    Brgds
    Ravi

    Reply
  9. Dexter says

    March 21, 2013 at 12:20 pm

    Hi Rajandran,

    Can you recommend good parameters for this AFL that could work for EOD charts?

    Regards,
    Dexter

    Reply
    • Rajandran R says

      March 21, 2013 at 12:51 pm

      Dexter,

      Which market you use to trade? You can use the optimization parameters to optimize according to your trading markets.

      Rajandran R

      Reply
      • Dexter says

        March 22, 2013 at 7:31 am

        Hi,

        I trade in PSE (Philippine Stock Exchange). Unfortunately optimization in Amibroker takes a lot of time in my machine so I was looking for some “default” values where I can start with.

        Regards,
        Dexter

        Reply
      • Dexter says

        March 23, 2013 at 7:34 am

        Hi,

        I trade in Philippine Stock Exchange (PSE). Unfortunately doing optimization in my machine takes a lot of time so I was looking for some “default” values to start with.

        Dexter

        Reply
        • Rajandran R says

          March 24, 2013 at 7:21 pm

          In the code there are four optimization parameters. Reduce the Optimization parameters to Two or Three

          Reply
  10. Praveen says

    March 29, 2013 at 11:10 am

    Hi Sir how r u,
    Sir i want to know from where i can get this amibroker technical software so that i can work on other commodity script also.

    Can u help me please in getting this software

    Waiting for ur +ve response

    Praveen kumar
    Lucknow

    Reply
    • Rajandran R says

      March 29, 2013 at 11:16 am

      You can get it from amibroker.com or if you want a Amibroker license from us then we can assist you in that case
      https://www.marketcalls.in/services/amibroker

      Reply
  11. Niraj says

    April 12, 2013 at 11:40 pm

    How to download as a afl file .

    Pls help me i am not able to download and save.

    regards,
    Niraj

    Reply
  12. Jesuraj says

    May 7, 2013 at 9:32 pm

    Great work man! Thanks for sharing.

    Reply
  13. Sameer says

    July 8, 2013 at 5:51 pm

    Sir,
    Can i get this code for metastock software.

    Reply
    • Rajandran R says

      July 8, 2013 at 9:03 pm

      @Sameer : It is a custom coding one has to do a similar custom coding in metastock. One can study the amibroker code and reinvent the same in metastock.

      Reply
  14. Parthasarathy says

    July 15, 2013 at 12:52 pm

    With your experience or back tested, please can you suggest the time frame and indicators for MCX trading.

    Reply
  15. Apu says

    July 30, 2013 at 7:53 pm

    Sir, the code’s cant be copied, and I think your javascript is not working… Please give a link to download.

    Reply
    • Ash says

      September 24, 2013 at 10:45 am

      Just go to file in the browser and clisk save page and then save as text. You’ll then copy the code with ease.

      Reply
  16. gopal says

    September 11, 2013 at 6:08 pm

    Thanks for sharing.

    Reply
  17. yashan says

    May 21, 2014 at 8:00 am

    i tried to apply ichi afl to charts, page get blank…sounds like its not compatible ..
    please help

    Reply
    • Rajandran R says

      May 21, 2014 at 12:56 pm

      What Error you are getting?

      Reply
  18. Nitin Agarwal says

    August 9, 2014 at 10:54 am

    What parameters are to be used for Daily charts?

    Reply
  19. bhogendranath says

    August 31, 2014 at 11:11 am

    Thanks for research. But I do not know how to paste afl in my amibroker afl file.

    Is it possible to make it directly loaded to amobroker?

    Regards

    Reply
  20. A.Shukla says

    July 22, 2015 at 3:21 pm

    Please update the formula , this is giving the error with latest amibroker,

    Regards,

    Reply
  21. Mangesh says

    December 26, 2016 at 7:26 pm

    Thanks Sir for sharing this afl.
    Sir can u please upload back testing report of ichimoku ALF

    Reply
  22. sanndy says

    April 27, 2017 at 10:00 pm

    Very nice AFL. After tested lots of AFL I came to find this so nice. Can you make it compatible for back testing also. Thanks for share.

    Reply
  23. PRASANNA A says

    May 27, 2017 at 2:07 pm

    RESPECTED SIR IT IS INDEED A GREAT SERVICE TO TRADING COMMUNITY. THANK U GOD BLESS YOU!

    Reply

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