Nifty and Bank Nifty december futures turned to Buy mode yesterday with support coming around 6074 and 10898 respectively. Reverse the position to sell mode if the support breaks on the hourly charts.
Rajandran R Follow 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)
Nifty and Bank Nifty December Futures Overview – I
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3 Replies to “Nifty and Bank Nifty December Futures Overview – I”
I need some help in Chandelier exit afl code. i got it from a website but it is in a dll file and i dont know how to use a dll file in amibroker . hence i want to make it into a traidng system
“To plot a Chandelier exit hung from the close code as follows –
To plot a Chandelier exit hung from the high or low code as follows –
Note both functions accept two parameters
1. The ATR array – in this case a 15 period – in this example ATR(15) and
2. The ATR multiplier – in this example 3
A trading system can be built using the functions provided as follows
Buy = Close > Ref( ChandelierCl(ATR(15),3), -1);
Sell = Close < Ref( ChandelierCl(ATR(15),3), -1);
Note the ref function is required due to the way the exit switches
between a long and short trade."
You need to put the dll file into amibroker\plugin folder to that you can access the chandlier function. And already Supertrend is pretty advanced compared to Chandlier Exit system.
i have putt the dll file in the plugin folder but i cant find the function when i open the amibroker software
i have the supertrend v2 with me but i just wanted to backtest the chandellier exit system