Open Range Breakout is a simple strategy that monitors the first 5min / 15min / 15min / 30min / 60min range from the start of the market. From the opening high range and low range is calculated for the specified timeframe. Most of the AFL code found on the internet is either buggy or not suitable for building back-testable trading systems. To solve this issue we are releasing a prototype for ORB – Open Range Breakout Levels. On top of this indicator now traders can build backtestable trading systems.
Here is a simple Amibroker AFL code snippet which tracks the last trade price with a dashed horizontal line at LTP. It could be useful for the people who wants to know where the current market price is trading relative to their support/resistance/some other reference levels.
TCS Daily Chart Here is a simple code snippet to check for Gaps in the charts especially in the Daily and Weekly Charts. It looks for gaps which are opens out of the previous candle range and colors with yellow bar. It provides once shot visual access to check whether a the gap is […]
Here is a little Bid Vs Ask Dashboard for Amibroker users which helps to monitor the Bid-Ask Spread during live trading. In a highly liquid market the Bid Ask spread difference will be very thin whereas in a illiquid script the Bid-Ask spread get wider due to less number of buyers and sellers.
Here is a simple AFL code snippet to plot One Previous Day High Low and currently day One hourly high low (i.e high between 9:15a.m – 10:15a.m as per NSE timings)