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
Banknifty 90 min charts
Ichimoku TSL Amibroker AFL code V3.0
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THANKS FOR SHARING THIS…………………..
Valuable contribution to the society. keep going.
Thanks a lot!
how to set parameters
Really a good indicator.Do you have any test results?
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
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
@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
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
Hoierman,
My Work is currently with trend trading and Sector Rotational Strategies. Not done much with VSA
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
Hi Rajandran,
Can you recommend good parameters for this AFL that could work for EOD charts?
Regards,
Dexter
Dexter,
Which market you use to trade? You can use the optimization parameters to optimize according to your trading markets.
Rajandran R
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
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
In the code there are four optimization parameters. Reduce the Optimization parameters to Two or Three
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
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
How to download as a afl file .
Pls help me i am not able to download and save.
regards,
Niraj
Great work man! Thanks for sharing.
Sir,
Can i get this code for metastock software.
@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.
With your experience or back tested, please can you suggest the time frame and indicators for MCX trading.
Sir, the code’s cant be copied, and I think your javascript is not working… Please give a link to download.
Just go to file in the browser and clisk save page and then save as text. You’ll then copy the code with ease.
Thanks for sharing.
i tried to apply ichi afl to charts, page get blank…sounds like its not compatible ..
please help
What Error you are getting?
What parameters are to be used for Daily charts?
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
Please update the formula , this is giving the error with latest amibroker,
Regards,
Thanks Sir for sharing this afl.
Sir can u please upload back testing report of ichimoku ALF
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.
RESPECTED SIR IT IS INDEED A GREAT SERVICE TO TRADING COMMUNITY. THANK U GOD BLESS YOU!