If you are a regular reader of my articles, then you know “I hate technical indicators”. They are a derivative of price action, nothing more than a mathematical complex paralysis. My clients frequently question me-“Hey do you use any indicator”? Most probably my reply will be no-because majority of you guys know, I am a pure Price action trader!
Here the Goal is to use Amibroker AFL to find the Percentage Number of bars which have closed higher then the previous bar out of total number of bars for a day in a selected time frame on Intraday basis. Positive Bars Percentage is generally a breath indicator used to gauge the Intraday Sentiment of a Particular stock/Index.Value above 80 indicates extreme positive sentiment and a value below 20 indicates extreme negative sentiment.
ForexTrend TSL is a Bollinger Band based trend trading indicator. The mathematical model uses bollinger band to compute the trailing stoploss level for the Buy and Sell Signals.
Super Composite Trend Indicator turns to sell mode in Nifty Daily charts and the supertrend trailing stoploss coming near 5402. Do you really feel that nifty this series will expire/end below 5400 for this current expiry?
Now you can download Non Repainting Super trend indicator with Buy and Sell Arrows for MT4 platform. Initial version of Trading system is available free for public download in Metatrader 4 platform.
Plotting 13-13 Wilders Moving Average Channel offset trading system in Metatrader using All Moving Average v2.2 MQL4 code