Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Nifty and Bank Nifty December Futures Overview – I

7 sec read

Nifty Hourly

 
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.

Bank Nifty Hourly

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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3 Replies to “Nifty and Bank Nifty December Futures Overview – I”

  1. Hi Rajandran

    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 –

    Plot(ChandelierCl(ATR(15),3),”ChandelierCl”,colorBlue,styleLine);

    To plot a Chandelier exit hung from the high or low code as follows –

    Plot(ChandelierHL(ATR(15),3),”ChandelierHL”,colorRed,styleLine);

    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."

  2. 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

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