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You are here: Home / Amibroker / Open = High and Open = Low Intraday Scanner – Amibroker Exploration Code

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

February 24, 2017 by Rajandran 9 Comments

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

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Filed Under: Amibroker Tagged With: Amibroker, Exploration, Open High Low Exploration

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. Alex says

    March 1, 2017 at 9:17 pm

    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?

    Reply
  2. Sheeraz Ali Zaidi says

    March 6, 2017 at 12:00 am

    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

    Reply
  3. Jayesh Bhalodia says

    March 15, 2017 at 5:38 pm

    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.

    Reply
    • jayesh says

      March 26, 2017 at 4:50 pm

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

      Any upadte Rajendra Sir.

      Reply
  4. JB Marwood says

    July 16, 2017 at 11:04 am

    This is a nice little bit of code that is great for short-term trading. Simplicity trumps complexity. Thanks for sharing

    Reply
  5. mital says

    November 2, 2017 at 6:46 pm

    This programming already typing for notepad how to run

    Reply
  6. Mahesh says

    August 30, 2018 at 10:50 am

    Dear Rajandran,

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

    Regards,
    mahesh

    Reply
  7. Ashish says

    September 22, 2018 at 8:46 pm

    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)

    Reply
  8. RAJESH NARAYAN SONAWANE says

    January 24, 2019 at 7:37 am

    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

    Reply

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