Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

Open = High and Open = Low Intraday Scanner – Amibroker Exploration Code

26 sec read

Open = High and Open = Low is a widely used scanner across the day traders community. Here is the Amibroker exploration code which looks for stocks with matching open and high lows and matching open = low values. This scanner is built in such a way that it works even on lower timeframes (1min, 5min, 15min etc).

It is recommended to scan using watchlist rather scanning across the universe. And make sure that all the symbols have enough data available to perform the scan. Empty dataset could result in absurd behavior during the exploration process. And while running the exploration make sure the range is selected as 1 Recent Day as shown in the above image

https://gist.github.com/6314e1c7131f43aa3646a0dab4bf74e8

Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

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9 Replies to “Open = High and Open = Low Intraday Scanner…”

  1. Hi Rajandran,

    What is the best option to automate trading system with Amibroker?

    I would like to use the IB controller and link to Interactive Brokers but cant find much info on it?

    Have you looked at linking Matlab to Amibroker?

  2. Dear Rajandran,

    Can you please write\send me a AMI code, which can generate or popup a alert whenever a candle closes below or above ema line (e.g. 1 hr chart EMA 50)

    I would really grateful to you bro.

    Thanks

  3. Dear Rajendra Sir,

    I found one very interesting thing at below link

    http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:high-low_index

    Which is The High-Low Index is a breadth indicator based on Record High Percent

    Calculation of this index is as below

    Record High Percent = {New 52 week Highs / (New 52 week Highs + New 52 week Lows)} x 100

    High-Low Index = 10-day SMA of Record High Percent.

    Sir This is very good overlay indicator in stockcharts but only give SP500 and other foreign index.
    Can you please convert this into afl and post in marktcalls. There is no such indicator on the web in any charting software.

    1. High-Low Index is a breadth indicator based on Record High Percent

      Any upadte Rajendra Sir.

  4. Dear Rajandran,

    I have tried the formula. But it is giving an Error “Error 701. Missing Buy/Sell variable Assignments”. Please advice.

    Regards,
    mahesh

  5. how to use it minute (15min,5min,1hr)..its only scan days ?is there anything add in afl code?and 1 thing in moving average once i change timeframe MA change value.is it possible if change timeframe (1day to 15min)MA value is not change(same for 1day,15min,5min)

  6. Hello. I have tried this afl & it works fine. But I found that if there is already buy signal, there will be no buy signal anymore before sell signal appears. I want code which enables another buy signal even if sell signal haven’t appeared.

    Could you help me modify this afl? I need this parameter for my stock screening:

    Buy Signal: everytime RSI moves from to above 60
    Sell Signal: everytime RSI moves from to below 40

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