Here is the first scalping indicator from marketcalls called iTrend inspired from WA scalping indicator for Metatrader. iTrend Scalping indicator takes inputs two timeframes and finally displays the iTrend values in the higher timeframes.
Nifty Futures 3min iTrend Charts
iTrend indicator is show above in the nifty future charts where the inputs are taken from 1min and 3min and finally the iTrend values are shown in 3min charts (Higher timeframe) those parameters can be find here in the afl code.
one can try experimenting with various timeframes by changing the P1 and P2 values. P1 and P2 values can also be set by the user by right click over the iTrend indicator and select parameters. It is always preferred to play with lower timeframe i.e less than 5min.
Gold Futures 3min iTrend Charts
Rules to play iTrend
1)Buy if itrend Shows two consecutive Green Bars after a Red bar
2)Sell if iTrend shows two consecutive Red Bars after a green bar.
3)No iTrend Bars means continuation of older trend.
Download iTrend Scalping Strategy for Amibroker
FAQ for iTrend Scalping
Can i test the indicator for Higher Timeframe?
What is the accuracy of the Trading System?
That exercise is left to the amibroker user to find it out.
Indicator is showing perfect signals. Does whipsaws possible here?
Yes Whipsaws are possible in iTrend
Will this indicator works for Daily Timeframe
No the indicator is not designed for Daily and Weekly Timeframes and the indicator is designed for lower timeframes especially for
How much profit i can make from this indicator?
Stop asking this dumb question rather test this indicator practically this indicator is not a holy grail but
but definitely a better creation than the existing indicators.
put your genuine questions about the indicator to know more the nature of the indicator in the comment section.
18 Replies to “iTrend Scalping Indicator for Amibroker”
I am using 5 min charts so can I keep lower time frame 3 min & higher 5 min or what do u recommend?
This indicator is just an expermient for scalpers to test their strategies in lower timeframes. But i feel 3min or even lower time frames should be ideal for intraday scalping.
Dear Rajan ,
I need Intra trend AFL Can you share in site. I mailed you about that
As of now IntraTrend is only given for selected people and it is not yet kept open source. Also strictly indicator is also not for sale.
If it is going to be opensource definitely it will be published here in marketcalls. Let me decide on that.
As you said it is strictly not for sale & given to selected people so may I know what is criteria to be in selected people or how do I count me in the list of selected people?
hello sir how to set this indicator in mt4?
Sir where can I download the Super Trend AFL code for positional as well as for intra-day which is shown in LiveSignals tab of this website ??? Can I use this AFL code for GFDL-amibroker autotrading plugin ? Hoping for your kind and favourable reply.
Rajandran , i need mcx–sx ….currency eod data in metastock format , but could not find so , kindly help in this regards.
Thanks & Regards
Please confirm if you have also experienced that the itrend AFL is of re-painting type.
If yes, will you please modify it to be a non-repainting type.
I am using Ami 5.2
i need trend direction like bullish or bearish on 5days closing price, please post the calculation formula.
thanks & regards
Your website is superb and marketcalls.in is best guided to me.
Thanks! you are welcome!
Sir, I want to open an trading account and I want to fully automated trading terminal.pleae, guide me properly what should i do
I am a retired person, living at dahisar,mumbai. I have observed your 5 min nifty futures supertrend indicator accuracy. Can you suggest any other indicator of yours for stocks or should I simply follow your nifty supertrend indicator ? Please guide me..
according to my observation if we get fresh signals after 12.00 pm or 1.00 pm its 90% accurate in stock futures.
I am not able to get proper view of iRibbons & Sentimental Dashboard on my amibroker. I ma using latest 6.00.2 version .sp please help me to solve this problem.
In their examples, the periodicity in charts is 3min and the P1 and P2 values are recommended at 1 and 3min, respectively.
In your afl code TimeFrameSet are set to 1 and 3min.
I have a question: in Amibroker, is it possible to adjust the TimeFrameSet to values below the periodicity of the charts?
Thanks in advance,
ITREND SUPER SIR THANK YOU VERY MUCH