Discussion On Various Trading Systems and Markets

Discussion On Various Trading Systems
And Markets
Intraday Live Charts: Live Nifty Chart Live Bank Nifty Chart Live CNXIT
Chart Market Breadth Charts
Intraday Trading Tools: Elliott Waves Calculator Volatility Intraday
Method GANN's Intraday Method
End Of Day RSI-2 Charts For Swing Trading: Nifty-50 Stocks Midcap-50
Stocks Junior Nifty Stocks
Tuesday, July 20, 2010

Darvas Box Theory And Amibroker Formula
What Does Darvas Box Theory Mean?
A trading strategy that was developed in 1956 by former ballroom dancer Nicolas
Darvas. Darvas' trading technique involved buying into stocks that were trading at new
52-week highs with correspondingly high volumes.
A Darvas box is created when the price of a stock rises above the previous 52-week high,
but then falls back to a price not far from that high. If the price falls too much, it can be a
signal of a false breakout, otherwise the lower price is used as the bottom of the box and
the high as the top.
In 1956, Darvas was able to turn an investment of $10,000 into $2 million over an 18month period. While traveling for his dancing, Darvas would obtain copies of The Wall
Street Journal and Barron's, but he would only look at the stock prices to make his
decisions. It has been said that Darvas was less happy about the profits that he made than
he was about the ease and peace of mind that he got from implementing his system.
(Definition courtesy - Investopedia)
The Amibroker formula for Darvas Box is as follows:

//***********************************
_SECTION_BEGIN("Darvas Box");
box1=0;
box2=0;
SetBarsRequired(10000,10000);
procedure fillDarvas(start,end,swap,top, bottom )
{
for ( j = start; j < end; j++) { if( box1[j] == swap) box1[j]= top ; else box1[j]= bottom;
if(box2[j] == swap) box2[j]= bottom ; else box2[j]= top; } } BoxArr1 = 0; BoxArr2 = 0;
StateArray = 0; DBuy = 0; DSell = 0; TopArray = 0; BotArray = 0; tick=0; BoxTop =
High[0]; BoxBot = Low[0]; swap=0; state = 0; BoxStart = 0; for (i=0; i<(boxbot*(1tick="" (state="=5)" 100))="" botarray[i]="BoxBot;" high[i]="" i++)="" if=""
toparray[i]="BoxTop;" {="" ||="">(BoxTop*(1+tick/100)))
{
fillDarvas(BoxStart,i,swap,BoxTop,BoxBot);
state = 1;
swap = !swap;
BoxTop = High[i];
BoxStart = i;
}
}
else
{
if (High[i]<3)="" (low[i]="" if="" {="" ||="">BoxBot))
{
state++;
}
else
{
state=3;
}
if (state==3)
BoxBot=Low[i];
}
else
{
state=1;
BoxTop=High[i];
}
}
StateArray[i] = state;
}
fillDarvas(BoxStart,BarCount,swap,BoxTop,BoxBot);
Plot( box1, "" , 1 + statearray, styleThick);
Plot( box2, "" , 1 + statearray , styleThick);
_SECTION_END();
//***********************************
More formulas are welcome from your side. Can mail me new Amibroker formulas at
stockmaniacs@ymail.com. If I think the formula is worth publishing the same will be
published here. If possible also send your screenshot of the indicator.
Posted by Indrajit Mukherjee at 1:41 PM 0 comments Links to this post
Labels: Amibroker formula, Darvas Box
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Friday, July 16, 2010

Calculating Smart Money Flow By Twigg's Money Flow Indicator
How To Judge Where Smart Money Is Moving?
Smart money flow can be judged by using Twigg's Money Flow indicator and we can
decide where the smart money is moving against the dumb money. You can make your
own smart money flow index using this indicator. Check the image below (image
courtesy http://www.wallstreetcourier.com/):
Twiggs Money Flow warns of breakouts and provides useful trend confirmation. It is
based on the observation that buying support is normally signaled by:
Increased volume and
Frequent closes in the top half of the daily range.
Likewise, selling pressure is evidenced by:
Increased volume and

Frequent closes in the lower half of the daily range.
Now check the image below of Nifty future:
The Amibroker formula for Twigg's Money Flow is as follows:

//*****************************************
_SECTION_BEGIN("Twigg's Money Flow");
periods = Param( "Periods", 21, 5, 200, 1 );
TRH=Max(Ref(C,-1),H);
TRL=Min(Ref(C,-1),L);
TR=TRH-TRL;
ADV=V*((C-TRL)-(TRH-C))/ IIf(TR==0,9999999,TR);
WV=V+(Ref(V,-1)*0);
SmV= Wilders(WV,periods);
SmA= Wilders(ADV,periods);
TMF= IIf(SmV==0,0,SmA/SmV);
Plot( TMF, _DEFAULT_NAME(), ParamColor("color", colorCycle ),
ParamStyle("Style") );
_SECTION_END();
//*****************************************
Labels: Amibroker formula, Nifty Trading
Thursday, July 15, 2010
Andrews' Pitchfork
Andrews' Pitchfork is a method of channel identification in a trending market. I was
experimenting to learn this technique of drawing Andrew's pitchfork on the charts. Lets
learn together.
This technique, in effect, splits a major channel into two minor equidistant
channels.
The lines in the Pitchfork tend to delineate lines of support and resistance.
Andrews' Pitchfork was developed by Dr. Alan Andrews, based on what he called his
"Action/Reaction" techniques. Originally called the "Median Line Study," this pattern is
based on a set of lines drawn from peaks and valleys on a price chart. When linked
together, the arrangement of lines closely resembles a farmer's pitchfork.
Dr. Andrews' median lines, and the pitchfork pattern, often indicate lines of support or
resistance where prices tend to stall out or reverse.
Andrews' Pitchfork can be plotted on a price chart in your favourite software Amibroker
as follows:
1. First, identify a significant reversal point (high or low) and this becomes Point A.
2. Draw a line (shown in red) from this point to the next significant reversal point; at
Point B.
3. Then plot a line from a significant point early in the trend (Point C) bisecting the
first line half way between Points A and B. This is the Median Line or "handle" of
the Pitchfork.
4. Now, draw two lines parallel to the Median Line, one starting from Point A and
the other from Point B. These form the "tines" of the Pitchfork.
5. Now you have Andrews' Pitchfork on your charts.
Your comments in this regard will be highly appreciated.
Labels: Andrew's Pitchfork, Trading Tutorial
Wednesday, July 14, 2010

How FIIs Trade? What Is Algorithmic Trading Or Algo Trading Or Robo
Trading?
What Does Algorithmic Trading Mean?
A trading system that utilizes very advanced mathematical models for making transaction
decisions in the financial markets. The strict rules built into the model attempt to
determine the optimal time for an order to be placed that will cause the least amount of
impact on a stock's price. Large blocks of shares are usually purchased by dividing the
large share block into smaller lots and allowing the complex algorithms to decide when
the smaller blocks are to be purchased.
The use of algorithmic trading is most commonly used by large institutional investors due
to the large amount of shares they purchase everyday. Complex algorithms allow these
investors to obtain the best possible price without significantly affecting the stock's price
and increasing purchasing costs. (Definition by Investopedia)
Program trading, automatic order generators and automated order routing systems are
used mainly by sell sell-side firms to conduct business as:
Principal/proprietary trading
Agency/customer facilitation
In: Equities, Fixed Income, Futures and Options
Buy programs occur when the futures market is overvalued, relative to the cash market.
Sell programs occur when the cash market is overvalued, relative to futures.
Source NYSE: Computers do at warp speed what traders used to do by hand e.g.:
Auto-quoting options across 100 price points.

A large percentage of order flow arrives via computer to computer APIs.
Proprietary trading systems can bombard an electronic trading system with high
burst rates of orders/second.
Volume created by program trading engines has become the dominant mode of
trading (*now >50% average daily NYSE volume).
Buy-side firms focusing on trading strategies that involve a combination of equities, fixed
income and/or derivative instruments that lower overall trading costs and risks when
traded together. More sell-side firms offering program trading functions to

compete/attract more order flow. Sell side firms moving deeper into the aggregation
business:
Provide buy side clients with the ability to diversify risk, get comprehensive
pricing, acquire research, increase anonymity, maintain relationships, etc.
Integrate algo trading strategies into OMS and front end trading systems:
Buy side users want to use algorithmic strategies to split up large orders into
smaller ones, to reduce market impact.
Algos for VWAP (Volume Weighted Average Price), TWAP (Time Weighted
Average Price), small-cap illiquid, mid-cap liquid, passive, aggressive, etc.
All major softwares nowadays - Amibroker, Metastock etc. can perform auto-trading
provided the right algorithm is provided to the software. For more details on the subject
and to go deeper your comments are welcome or mail us at stockmaniacs@ymail.com on
know-how on mechanical or auto-trading.
Labels: Algo Trading, Auto Trading, Robo Trading

Opening Range Breakout
What is opening range breakout (ORB)?
1. It identifies the highest price and lowest price reached since open upto the Start Time,
2. Long on a stop at the highest price and short on a stop at the lowest price obtained in
#1,
3. Only trade once per direction, so at most 1 long and 1 short positions taken per day,
4. Always exit at the end time of the day,
5. When the range of current trading session is above certain threshold of the average
range of the previous trading days, no trade is taken for the day.
Here is the amibroker formula for ORB. It calculates the first hour range breakout and
initiates trades accordingly.
//***************************************
_SECTION_BEGIN("ORB");
//www.stockmaniacs.net
//Mail To: stockmaniacs@ymail.com
breakoutime = 100000;
afterbreakout0 = Cross(TimeNum(),100000);
afterbreakout1 = TimeNum()>=100000;
NewDay = Day()!= Ref(Day(), -1);
highestoftheday = HighestSince(newday,H,1);
Lowestoftheday =LowestSince(newday,L,1);
ORBHigh = ValueWhen(afterbreakout0,highestoftheday,1);
ORBLow = ValueWhen(afterbreakout0,lowestoftheday,1);
Buy= Cross(C,orbhigh) AND afterbreakout1;
Sell = Cross(orblow,C) AND afterbreakout1;
Buy=ExRem(Buy,Sell);
Sell=ExRem(Sell,Buy);
Short=Cross(C,ORblow) AND afterbreakout1;
Cover=Cross(ORbhigh,C) AND afterbreakout1;
Plot(C,"",colorYellow,styleBar);
PlotShapes( shapeUpArrow * Buy, colorGreen,0,L,-12);
PlotShapes( shapeDownArrow * Sell, colorRed,0,H,-12);
Plot(afterbreakout0,"",colorBlue,styleHistogram|styleOwnScale);
Plot(ORBHigh,"",colorGreen,styleDots);
Plot(ORBLow,"",colorRed,styleDots);
_SECTION_END();
//***************************************
Labels: Amibroker formula, Opening Range Breakout, ORB
Friday, July 9, 2010

BHARTIARTL - Classic Example Of Extreme Price Movement
I always have written in my earlier posts that making money in the stock
market is nothing but catching extreme price movement and doing exactly opposite to the
people. One small example is BHARTIARTL. I have attached today's live daily chart of
BHARTIARTL below.
Now how to find extreme price movement. Only two tools are necessary. Daily Bollinger
Bands (20,2) and 2-Period RSI (normal RSI is by default of 14 period in many charting
softwares, just change the period to 2). Bollinger Band theory says 90% of the price
actions has to be inside the Bollinger Bands and any action beyond the bands are
consideded as extreme, and 2-Period RSI denotes short term overbought and oversold
levels. Value close to zero is considered to be highly oversold, and value close to 100 is
considered as highly overbought. Check for BHARTIARTL this value is 99+.
Now check the today's image BHARTIARTL is trading completely outside its daily
Bollinger Bands with a 2-Period RSI value close to zero. Prive always tends to revert to
its mean. We can take the top of Bollinger Bands (currently at 287) as the mean
(remember this mean may change with time, so dont be so sure about target). Some other
traders take 5-day EMA or 5-day SMA as the mean. So its a positional short selling
opportunity in BHARTIARTL till it reverts to its mean.
Disclaimer: This write-up is just for education purpose of fellow traders and should not
be used as any kind of consultaion to buy or sell securities of any kind.
Labels: 2 Period RSI, Bollinger Bands, RSI-2
Thursday, July 8, 2010

Dow Jones And Sensex Update (EOD 7th July 2010)
The week started quitely because of Independence Day holidays, but four of the big
five (US, UK, China and Japan) initially signaled a bear market, with only the DAX
holding out. Of secondary markets reviewed, only India and South Korea remained
positive. The weight of evidence is still clearly in favor of another bear market, but the
current trend needs some more confirmation.
Long tails on last week's Thursday and Friday indicated some buying support on the Dow
and on Wednesday night as expected it found retracement to test the new resistance
level at 10000. Immediate resistance now comes around 10350-10450 and now fresh
close above the zone will re-initiate buying, whereas failure to hold 9650 zone in closing
basis will confirm bearish signals.
The Sensex remains more bullish than most other global markets and narrow
consolidation below resistance at 18000 indicates an upward breakout above 1800018200 can target of 20000. On the other hand failure cross 18000-18200 and failure to
hold 17150 on closing basis will take it down towards 16800-16700.
Labels: Dow, Sensex
Wednesday, July 7, 2010

Nifty Trading With TRIN (Traders Index)
Arms Index also known as the TRIN or Short-Term Trading Index, the Arms Index is
a breadth indicator developed by Richard W. Arms in 1967. The index is calculated by
dividing the AD Ratio by the AD Volume Ratio. Typically, for India these breadth
statistics are derived from NSE or BSE data, but the Arms Index can be calculated using
breadth statistics from other indices such as for USA Dow Jones, S&P 500 or Nasdaq
100. Because it acts as an oscillator, the indicator is often used to identify short-term
overbought and oversold situations. A moving average is often applied to smooth the
data. The terms Arms Index and TRIN are used interchangeably in this article.
Calculation of TRIN:
(advances / declines) / (up volume / down volume)
As a ratio of two indicators, the Arms Index reflects the relationship between the AD
Ratio and the AD Volume Ratio. The TRIN is below 1 when the AD Volume Ratio is
greater than the AD Ratio and above 1 when the AD Volume Ratio is less than the AD
Ratio. Low readings, below 1, show relative strength in the AD Volume Ratio. High
readings, above 1, show relative weakness in the AD Volume Ratio. In general, strong
market advances are accompanied by relatively low TRIN readings because up volume
overwhelms down volume to produce a relative high AD Volume Ratio. This is why the
TRIN appears to move "inverse" to the market. A strong up day in the market usually
pushes the Arms Index lower, while a strong down day pushes the Arms Index higher.
The settings for overbought and oversold depend on the smoothing of the Arms Index.
An unadulterated Arms Index will be more volatile and require a larger range to identify
overbought/oversold conditions. A 10-period SMA of TRIN smooths the data and can be
used reading from 10-period SMA of TRIN where a smaller range is needed to generate
overbought/oversold signals. As such, oversold levels are preferred in order to generate
bullish signals in the direction of the bigger uptrend.
End of day chart of 10-period SMA of Nifty TRIN is available at our site in the Market
Breadth Charts section. You can use it for predicting short term movement of Nifty
index. (Some part of the write ups are taken from TRIN section of StockCharts).
Labels: Nifty Trading, Trading Tutorial, TRIN

Turtle Trading Technique
Before looking at the rules for this pattern, let's talk about its background. In the
1980s, a group of traders known as the Turtles used a system that basically employed a
20-day breakout of prices. A four-week price breakout was also earlier popularized by
Richard Donchian as a standard trend following strategy. If prices made a new 20-day
high, one would buy; if prices made a new 20-day low, one would sell. It tends to work in
the long run if traded on a large basket of markets because there are high odds that
something unusual will occur in a market somewhere, such as a Persian Gulf War (crude
oil), or a freeze (coffee). The system is very dependent on capturing an extraordinary
event or significant trend. However it also tends to have very large drawdowns and a low
win-loss ratio due to the significant number of false breakouts.
According to the turtle trading system, the shorter term entry system based on a 20-days
breakout and exit is designed as per 10-days low. Traders can easily write a formula for
daily charts as follow.
H > Ref(HHV(H, 20), -1) OR L < Ref(LLV(L, 20), -1);
H = Today's high; L = Today's low
HHV(H, 20) = Highest value that the high price (H) has reached in the last 20 days.
LLV(L, 20) = Lowest value that the low price (L) has reached in the last 20 days.
Ref(HHV(H, 20), -1) = The highest high price in the last 20 days refer to yesterday.
Ref(LLV(L, 20), -1) = The lowest low price in the last 20 days refer to yesterday.
If traders want a list of securities that match the turtle exit system, 10-days low for long
positions and 10-days high for short positions. The formula will be as follow.
L < Ref(LLV(L, 10), -1) OR H > Ref(HHV(H, 10), -1);
These are examples of how to apply trading systems by using MetaStock formula.
Besides The Explorer, traders can also write the formula in other tools such as Expert
Advisor or Indicator Builder as well.
Labels: Metastock exploration, Metastock formula, Trading Tutorial
Saturday, July 3, 2010

10 Trading Rules Outlined By Larry Connors
Think Differently
Rule 1 Buy Pullbacks Not Breakouts
After the market has dropped three days in a row, it has risen more than 4 times its
average weekly gain over the next five trading days.
After the market has risen three days in a row, it has on average lost money over the next
five trading days.
Rule 2 Buy The Market After Its Dropped; Not After Its Risen
After the market has dropped three days in a row, it has risen more than 4 times its
average weekly gain over the next five trading days.
After the market has risen three days in a row, it has on average lost money over the next
five trading days.
Rule 3 Buy Stocks Above Their 200-Day Moving Average, Not Below
This rule is not fool-proof.
Many good stocks represent real value below the 200-day MA but its easier and less
stressful to follow this rule.

Large losses can be prevented by following this rule.
Rule 4 Use The VIX To Your AdvantageBuy The Fear, Sell The Greed
If SPY or S&P 500 (or SPX) is above its 200-day moving average, the higher the VIX is
above its 10-day simple moving average its more likely oversold and a rally is near.
The VIX 5% rule
- If 5% above its 10-day SMA, buy the market.
- If 5% below its 10-day SMA, lock in gains (and dont buy).
Rule 5 Stops Hurt
The tighter your stops, the less money you will make. The wider your stops, the better.
You can control losses with position size and money management.
Rule 6 It Pays To Hold Positions Overnight
During the test period, buying the SPY on the open and selling the same days close lost
70.88 points.
Buying the SPY on the close and selling on the open gained 171.40 points.
Rule 7 - Trading With Intra-Day Drops Making Edges Even Bigger
The greater the intra-day momentum to the upside, the worse the performance has been
over the next five days.
The greater the intra-day selloff, the better the performance over the next five days.
Rule 8 - The 2 Period RSI The Traders Holy Grail of Indicators
For stocks below their 200-day moving average, a 2-period RSI above 90 should not be
bought. Aggressive traders might prepare to short them. Vice versa for stocks above 200day moving average and readings below 10 are oversold. Readings beyond these are even
better. These were tested up to one week. Trades held one week did better than less time.
Rule 9 - Double 7s Strategy
If the SPY is above its 200-day moving average and it closes at a 7-day low, buy. If it
closes at a 7-day high, sell your long position.
Rule 10 - The End Of The Month Strategy
For stocks above their 200-day moving average, gains are higher on the following days of
the month, in order from highest to lowest, 25, 24, 1, 27, 26, 29, 28, 30, and are lowest on
3 through 8. If stock dropped the previous day, the best days are 25, 30, 27, 26, 24, 28,
29, 22, 1, 31. If stock dropped two or more consecutive previous days, the best days are
25, 26, 24, 27, 30, 28, 29, 23, 1, 22, 19, 31, 18.
Labels: Trading Tutorial
Wednesday, June 30, 2010
Smooothed CCI (Amibroker Formula)

This is a modified version of the CCI indicator. When CCI Line touches -100 (Green
Line) and cross signal line I think it is best buy and vice versa.
Here is a screenshot of how the indicator looks:
And this is the code:

_SECTION_BEGIN("Smooth CCI");
///// Smooth CCI //////
x=Param("CCI Period 3 - 50",14,3,50,1);
x1=CCI(x);
Y=Param("Smooth Factor 3 - 15",7,3,15,1);
Y2=DEMA(x1,Y);
Z=Param("Signal Line 3 - 9",3,3,9,1);
Z2=MA(Y2,Z);
Plot(X1,"CCI",colorDarkGrey);
Plot(Y2,"Smooth CCI",colorOrange,styleDots,4);
Plot(Z2,"Signal",colorDarkYellow,4);
Plot(100,"",colorRed,styleThick);//styleNoLabel
Plot(0,"",colorWhite,styleDashed);//styleNoLabel);
Plot(-100,"",colorGreen,styleThick);//styleNoLabel);
_SECTION_END();
_SECTION_BEGIN("Background_Setting");
SetChartBkGradientFill( ParamColor("BgTop", colorBlack),
ParamColor("BgBottom", colorBlack),ParamColor("titleblock",colorDarkTeal ));
_SECTION_END();
Labels: Amibroker formula

Friday, June 25, 2010

What Is Revenge Trading - And How To Avoid It?
Every time I hit a patch of losing trades, part of me feels I want to get out quickly and
then make it back in another trade, but because of revenge trading that can occur I do not
trade. Nevertheless, I still feel very uneasy and impatient. How can I stop this?
Before actually answering the question, I want to look at two points contained within the
email. The first is this idea of revenge trading. I assume this means that the trader gets
angry when a loss occurs, and to assuage that anger, the trader makes a trade without
truly thinking it through, which is not a good idea, to be sure. The writer obviously gets
that trading emotionally is a bad thing, which is the second point I want to mention
trading on emotion is a bad thing.
To answer your question, the only thing I can tell you is sit back, close your eyes, and go
to a happy place when you feel uneasy and impatient. Keep in mind, always, impatience
is simply the feeling you have when you want things out of your control to be in your
control. Thus, going to a happy place is within your control, so do it and the feeling of
things being out of your control just might go away. At a minimum, it will clear your
head enough to let you reason your way through.
My general and abstract answer assumes one is in control of his or her basic emotional
state, meaning they have the ability to see where they are in a moment, to analyze their
feelings in the context of that moment, and then to act to manipulate those feelings in that
moment. Oh, and one more thing to manipulate your emotions, you have to want to
make a change. Unfortunately, some folks revel in their discomfort. In some deep-seated
way, not moving from a negative place to a positive place serves their emotional/mental
needs. If you continue to have this problem, ask yourself, are you one of those who
simply does not want to change? (Excerpts from latest edition from Ask Trader Ed
magazine)
Labels: Revenge Trading
Thursday, June 24, 2010

Candlestick Analysis - DOJI
One of the most recognized one-day reversal patterns is the doji. On a candlestick
chart, a doji resembles a cross because it has little to no body.
When a doji appears on a chart, it usually means the opening and closing prices of the
candlestick were identical. This means that the market reached the end of the trend and
temporarily balanced. Usually, the markets tend to reverse after a doji appears, although
signifi cant market pressure on one side may postpone the reversal briefly.
There are many variations of the doji. For example, the long-legged doji has long upper
and lower shadows that show the level of trader indecision in the market.
When a doji appears midway through an up or down trend, the pattern is called a
rickshaw man. Often, the appearance of this doji means that the trend is about to reverse
suddenly.
A paper umbrella is a doji candlestick with a small body and a long lower shadow. When
this type of doji appears at the top of an uptrend, it is called a hangman. When a paper
umbrella appears at the bottom of a downtrend, it is called a hammer.
A doji may also appear with other patterns that indicate reversal trends in the market.
Whenever a doji appears, traders should watch the market and prepare for a reversal.
(Tutorial courtesy - GFT)
Labels: Candlestick Patterns
Tuesday, June 22, 2010

Market Profile - Amibroker Formula
According to Brett Steenbarger Market Profile is a tool for organizing time and price
data, graphically representing how volume builds at various prices over time. When we
see most trades occurring within a relatively narrow range of prices, we know that the
market is in balance. Price will probe the edges of this balance area--called the value
area--as markets constantly update their estimates of value. If prices higher or lower than
value cannot facilitate trade (i.e., if higher prices don't attract buyers or lower prices don't
attract sellers), we will tend to trade back into the value area. If these probes to the edges
of the value region do facilitate expanded trade, we will break free of the value area in a
trending move. That trend will continue until sufficient sellers or buyers perceive value in
the new prices and take the other side of the trade, beginning the process of forming a
new region of balance.
The formula is as follows:
_SECTION_BEGIN("MarketProfile");
//-----------------------------------------------------------------------------//
// Formula Name: Market Profile
//
// Use with 5/15min chart
// Originial - From AFL library
// Edited by - Milind / KAKA
//Market Profile 9/12/2009
PlotOHLC(O,H,L,C,"Price",IIf(C>O,colorGreen,colorRed),styleCandle);
EnMP2= ParamList("MarketProfile","Solid|Lines|Letters");
styleLines = ParamStyle("Style", styleLine, maskAll);
Type=ParamList("Type","Price Profile|Volume Profile");
Period= ParamList("Base","Hourly|Daily|Weekly|Monthly",1);
Den = Param("Density", 1, 0.25, 100, 0.25); // Resolution in terms of $
percent=Param("Value Area", 70, 1, 100, 1);
ViewTPOCount= ParamToggle("Show TPO Count", "No|Yes",1);
ViewPOC = ParamToggle("Show POC", "No|Yes",1);
ViewVALVAH = ParamToggle("Show VAL VAH Line", "No|Yes",1);
Viewfill = ParamToggle("Show VA Fill", "No|Yes",1);
Colorpoc=ParamColor("Color POC", colorYellow);
Colorfill=ParamColor("Color Fill", ColorRGB(20,40,60));
EnIB = ParamToggle("Show Initial Balance", "Yes|No");
IBBars = Param("Initial Balance Bars", 2, 0, 10, 1);
if(Period=="Daily"){
BarsInDay = BarsSince(Day() != Ref(Day(), -1));
Bot = TimeFrameGetPrice("L", inDaily, 0);
Top = TimeFrameGetPrice("H", inDaily, 0);
Vol = TimeFrameGetPrice("V", inDaily, 0);
}
if(Period=="Hourly"){
BarsInDay = BarsSince(Minute() != Ref(Minute(), -1));
Bot = TimeFrameGetPrice("L", in5Minute, 0);
Top = TimeFrameGetPrice("H", in5Minute, 0);
Vol = TimeFrameGetPrice("V", in5Minute, 0);

}
if(Period=="Weekly"){
BarsInDay = BarsSince(DayOfWeek() < Ref( DayOfWeek(), -1 )); Bot =
TimeFrameGetPrice("L", inWeekly, 0); Top = TimeFrameGetPrice("H", inWeekly, 0);
Vol = TimeFrameGetPrice("V", inWeekly, 0); } if(Period=="Monthly" ){ BarsInDay =
BarsSince(Month() != Ref(Month(), -1)); Bot = TimeFrameGetPrice("L", inMonthly, 0);
Top = TimeFrameGetPrice("H", inMonthly, 0); Vol = TimeFrameGetPrice("V",
inMonthly, 0); } CurTop = HHV(H,BarsInDay+1); Curbot = LLV(L,BarsInDay+1);
Range = Highest(Top-Bot); TodayRange = Top - Bot; AveRange = Sum(Top-Bot,30)/30;
LAveRange = AveRange[BarCount-1]; // Initialization baseX = 0; baseY =
floor(Bot[0]/Den)*Den; relTodayRange = 0; firstVisBar = Status("firstvisiblebar");
lastVisBar = Status("lastvisiblebar"); D=.0005; total=0; totaldn=0; totalup=0; shiftup=0;
shiftdn=0; startr=0; for (j=0; j <= 100; j++) { x[j] = 0; } i0 = 0; i1 = 0; for (i=0; i<=""
and="" firstvisbar)="" i++)="" i0="i;" i="" if="" {="" }="">= lastVisBar) {
i1 = i;
}
}
i1 = BarCount-1;
for (i=i0; i<=i1; i++) { if (BarsInDay[i] == 0) { baseX = i; baseY =
floor(Bot[i]/Den)*Den; maxY = floor(Top[i]/Den)*Den; relTodayRange = (maxYbaseY)/Den; for (j=0; j <= relTodayRange; j++) { x[j] = 0; } } range_x=lastVisBarfirstVisBar; spread = Param("X Space", 80, 1, 200, 1); tpl = Param("Time Per Letter
(mins)", 30, 1, 360, 1); Intervalmin=Interval()/60; flt =Param("First Letter (Bars)", 1, 1,
60, 1); teb=ParamToggle("To Each Bar","No|Yes"); Color=Param("Color
Threshold",20,1,50,1); stopg=0; stopr=0; new=0;
Voloumeunit=Vol[i]/LastValue(BarsInDay); if (EnMP2 == "Letters") { for (j=0; j<=
relTodayRange; j++) { if (L[i] <= baseY+j*Den AND H[i] >= baseY+j*Den) {
PlotText(StrExtract(" A , B , C , D , E , F , G , H , I , J , K , L , M , N , O , P , Q , R , S , T
, U , V , W , X , Y , Z, a , b , c , d , e , f , g , h , i , j , k , L , m , n ,o , p , q , r , s , t , u , v ,
w , x , y , z ",
IIf(BarsInDay[i]<="baseY+j*Den" ?lines?="" ?solid?)="" and=""
basex+iif(teb="=1,BarsInDay[i],x[j]*(range_x/spread))," basey+j*den,=""
colorwhite,colorhsb(10+((ceil(barsinday[i]="" else="" enmp2="=" for="" h[i]="" if=""
intervalmin)))*color),160,140));="" intervalmin))-0)),="" j++)="" j<="relTodayRange;"
or="" x[j]++;="" {="" }="">= baseY+j*Den) {
if(Type=="Price Profile"){x[j]=x[j]+1;}
else if(Type=="Volume Profile"){x[j]=x[j]+round(V[i]/Voloumeunit);}
}
}
}
// Draw Initial Balance after 11am bar is complete
if (BarsInDay[i] == IBBars+1 AND EnIB == 0) {

Line1 = LineArray(i-2, curtop[i-1],i+7, curtop[i-1],0,True);
Plot(Line1,"",colorLightGrey,styleLine+styleDashed|styleNoRescale);
Line1 = LineArray(i-2, curbot[i-1],i+7, curbot[i-1],0,True);
Plot(Line1,"",colorLightGrey,styleLine+styleDashed|styleNoRescale);
}
// Examine x[j]
if ((i < BarCount - 1 AND BarsInDay[i+1] == 0) OR i == BarCount-1) { maxXj = 0;
maxj = 0; for (j=0; j<= relTodayRange; j++) { if (maxXj < x[j]) {maxXj = x[j]; maxj = j;
StaticVarSet("Maxj",j); new=j; } } for ( n = 1; n <= relTodayRange; n++ ) { total[n]=x[n]
+total[n-1]; } Value_area=(total[relTodayRange]*percent)/100; for ( a = 1; a <=
relTodayRange; a++ ) { if(Maxj-a>0 AND Maxj+a=Value_area) {shiftup=a; shiftdn=a;
break;}
}
else if(Maxj-a<1 ) { if(MaxXj+total[Maxj+a]-total[Maxj]+total[Maxj-1]>=Value_area)
{shiftup=a; shiftdn=maxj-1; break;}
}
else if(Maxj+a>relTodayRange )
{
if(MaxXj+total[relTodayRange]-total[Maxj]+total[Maxj-1]-total[Maxj-(a+1)]
>=Value_area){shiftup=relTodayRange-maxj; shiftdn=a; break;}
}
}
Vah = LineArray(baseX, baseY+(maxj+shiftup)*Den, i, baseY+
(maxj+shiftup)*Den,0,True);
Val = LineArray(baseX, baseY+(maxj-shiftdn)*Den, i, baseY+(maxjshiftdn)*Den,0,True);
poc = LineArray(baseX, baseY+maxj*Den, i, baseY+maxj*Den,0,True);
if(ViewVALVAH==1){Plot(Vah,"",ParamColor("Color_VA",
colorLightBlue),styleLine|styleNoRescale);
Plot(Val,"",ParamColor("Color_VA", colorLightBlue),styleLine|styleNoRescale);}
if(ViewPOC==1){Plot(poc,"",Colorpoc,styleLine|styleNoRescale);}
PlotText(""+(baseY+(maxj+shiftup)*Den),i-5,baseY+(maxj+shiftup)*Den,colorWhite);
PlotText(""+(baseY+(maxj-shiftdn)*Den),i-5,baseY+(maxj-shiftdn)*Den,colorWhite);
if(ViewTPOCount==1){PlotText(""+total[maxj],basex,bot[i]-(Top[i]bot[i])*0.05,ParamColor("Color_VAL", colorLavender));
PlotText(""+(total[relTodayRange]-total[maxj]),basex,Top[i],ParamColor("Color_VAH",
colorLavender));}
if(ViewPOC==1){PlotText(""+(baseY+maxj*Den),i-5,baseY+maxj*Den,Colorpoc);}
}
if (i < BarCount - 1 AND BarsInDay[i+1] == 0 OR i == BarCount-1) { for (p = 1; p <
relTodayRange+1; p++){ line = LineArray(baseX, baseY+p*Den, baseX+x[p],
baseY+p*Den); line2 = LineArray(baseX, baseY+(p-1)*Den, baseX+x[p-1], baseY+(p1)*Den); if (EnMP2 == "Solid") { PlotOHLC( Line, Line, Line2, Line2,
"",IIf(p>(maxj+shiftup),ParamColor("Color_VAH",
colorLavender),IIf(p<=(maxj+shiftup)AND p>(maxj-shiftdn),ParamColor("Color_VA",
colorLightBlue),ParamColor("Color_VAL", colorLavender))) ,styleCloud|
styleNoRescale|styleNoLabel);
}
if (EnMP2 == "Lines")
{
Plot(line,"",IIf(p>(maxj+shiftup),ParamColor("Color_VAH",
colorLavender),IIf(p<=(maxj+shiftup)AND p>(maxj-shiftdn),ParamColor("Color_VA",
colorLightBlue),ParamColor("Color_VAL", colorLavender))) , styleLines|styleNoLabel);
}
}
if(Viewfill==1){PlotOHLC(Vah,Vah,Val,Val,"",Colorfill,styleCloud|styleNoRescale|
styleNoLabel);}
}
}
_SECTION_END();
_SECTION_BEGIN("Gradient Backfill");
SetChartBkGradientFill( ParamColor("BgTop", ColorRGB( 255,255,255 )),
ParamColor("BgBottom",
ColorRGB( 255,255,255 )),ParamColor("titleblock",ColorRGB( 255,255,255 )));
_SECTION_END();
Some friends told that in their Amibroker the code is giving syntax error. For them I have
attached the AFL here.
I felt that Market Profile used with Floor Pivots are a very useful tool for intraday
traders. Check the screenshot below:
Labels: Amibroker formula, Market Profile
Monday, June 21, 2010

Reader's Request - Elliot Fractals (Amibroker Formula)
This formula I am posting here is requested by some of my readers and followers.
Though Elliott Wave formulas are more good in Metastock indicators, still this formula is
worth looking at.
The formula is as follows:
//ELLIOT Fractals
_SECTION_BEGIN("Price");
SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo
%g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ));
Plot( C, "Close", ParamColor("Color", colorBlack ), styleCandle
| ParamStyle("Style") | GetPriceStyle() );
// Paste the code below to your price chart somewhere and green ribbon means both
// both MACD and ADX trending up so if the red ribbon shows up the MACD and the
ADX
// are both trending down.
_SECTION_BEGIN("trending ribbon");
uptrend=PDI()>MDI()AND Signal()PDI()AND Signal()>MACD();
Plot( 2, /* defines the height of the ribbon in percent of pane width */"ribbon",
IIf( uptrend, colorGreen, IIf( downtrend, colorRed, 0 )), /* choose color */
styleOwnScale|styleArea|styleNoLabel, -0.5, 100 );
_SECTION_END();
_SECTION_END();
_SECTION_BEGIN("LEMA");
P = ParamField("Price field",-1);
Periods = Param("Periods", 20, 2, 200, 1, 10 );
lema = EMA (Close,Periods)+ EMA((Close-EMA(Close,Periods)),Periods);
Plot( lEMA, _DEFAULT_NAME(), ParamColor( "Color", colorCycle ),
ParamStyle("Style") );
_SECTION_END();
_SECTION_BEGIN("ELLIOTT Fractals");
/*
The basic definition of an 'up' fractal is a bar high that is both higher than the two bars
immediately preceding it
and higher than the two bars immediately following it.
The lows of the bars are NOT considered in determining the up fractal progression.
If two bars in the progression have equal highs followed by two consecutive bars with
lower highs,
then a total of six bars rather than the usual five bars will make up the progression.
The first High becomes the counting fractal. Reverse for 'down' fractals.
The 5 bar formation works best on Daily or longer time frame charts.For intraday data
charts we often use 9 bar, 13 bar and 21 bar formations for fractal counting
*/
Up5BarFractal = Ref(H,-2) < H AND Ref(H,-1) < H AND Ref(H,1) < H AND Ref(H,2)
< H; Up6BarFractal = Ref(H,-2) < H AND Ref(H,-1) < H AND (H == Ref(H,1)) AND
Ref(H,2) < H AND Ref(H,3) < H; Down5BarFractal = Ref(L,-2) > L AND Ref(L,-1) > L
AND Ref(L,1) > L AND Ref(L,2) > L;
Down6BarFractal = Ref(L,-2) > L AND Ref(L,-1) > L AND (L == Ref(L,1)) AND
Ref(L,2) > L AND Ref(L,3) > L;
//TODO: More filtering: Show only troughs that are around atrough in trix(9).
PlotShapes( IIf(Down5BarFractal ,shapeSmallUpTriangle,0) ,colorBlack, 0, L,-12);
PlotShapes( IIf(Down6BarFractal ,shapeSmallUpTriangle,0) ,colorBlack, 0, L,-12);
PlotShapes( IIf(Up5BarFractal ,shapeSmallDownTriangle,0) ,colorBlack, 0, H,-12);
PlotShapes( IIf(Up6BarFractal ,shapeSmallDownTriangle,0) ,colorBlack, 0, H,-12);
Up = (Up5BarFractal OR Up6BarFractal);
Down = (Down5BarFractal OR Down6BarFractal);
//Removing false fractals:
DownSignal = Flip(Ref(Up,-1), Ref(Down,-1));
UpSignal = Flip(Ref(Down,-1), Ref(Up,-1));
LastHigh[0] = H[0];
LastLow[0] = L[0];
LastLowIndex = 0;
LastHighIndex = 0;
Valid = 0;
for (i=1; i < BarCount; i++) { LastHigh[i] = LastHigh[i-1]; LastLow[i] = LastLow[i-1]; if

(Up[i]) { Valid[i] = True; if (DownSignal[i]) { //Sequence of 2 Up Fractals. Validate only
the higher one. Valid[i] = H[i] >= H[LastHighIndex];
Valid[LastHighIndex] = H[LastHighIndex] > H[i];
}
LastHigh[i] = Max(H[i], H[LastHighIndex ]);
LastHighIndex = i;
}
if (Down[i])
{
Valid[i] = True;
if (UpSignal[i])
{
//Sequence of 2 Down Fractals. Validate only the lower one.
Valid[i] = L[i] <= L[LastLowIndex]; Valid[LastLowIndex] = L[LastLowIndex] < L[i]; }
LastLow[i] = Min(L[i], L[LastLowIndex]); LastLowIndex = i; } } TrixN = Trix(9);
TroughLow = Ref(TrixN, -3) > TrixN AND Ref(TrixN, -2) > TrixN AND Ref(TrixN, -1)
> TrixN AND Ref(TrixN, 1) > TrixN AND Ref(TrixN, 2) > TrixN AND Ref(TrixN, 3) >
TrixN;
TroughHigh = Ref(TrixN, -3) < TrixN AND Ref(TrixN, -2) < TrixN AND Ref(TrixN,
-1) < TrixN AND Ref(TrixN, 1) < TrixN AND Ref(TrixN, 2) < TrixN AND Ref(TrixN,
3) < TrixN; //TroughLow = Ref(TrixN, -2) > TrixN AND Ref(TrixN, -1) > TrixN AND
Ref(TrixN, 1) > TrixN AND Ref(TrixN, 2) > TrixN;
//TroughHigh = Ref(TrixN, -2) < TrixN AND Ref(TrixN, -1) < TrixN AND Ref(TrixN,
1) < TrixN AND Ref(TrixN, 2) < TrixN; ZeroValid = Cross(TrixN, 0) OR Cross(0,
TrixN) OR Ref(Cross(TrixN, 0),1) OR Ref(Cross(0, TrixN),1); ValidLow = TroughLow
OR Ref(TroughLow, 1) OR Ref(TroughLow, 2) OR Ref(TroughLow, 3) OR
Ref(TroughLow, 4);// OR Ref(TroughLow, 5)); ValidHigh = TroughHigh OR
Ref(TroughHigh, 1) OR Ref(TroughHigh, 2) OR Ref(TroughHigh, 3) OR
Ref(TroughHigh, 4);// OR Ref(TroughHigh, 5)); //Plot(LastHigh-10 ,"LastHigh",
colorBlue, styleLine); //Plot(LastLow-10 ,"LastLow ", colorRed, styleLine);
//Plot(Valid*5 + 10 ,"LastLow ", colorGreen, styleLine | styleThick);
//PlotShapes( IIf(Down AND Valid,shapeSmallCircle,0) ,colorGreen, 0, L,-12);
//PlotShapes( IIf(Up AND Valid,shapeSmallCircle,0) ,colorYellow, 0, H,-12); Maxi = Up
AND (ValidHigh OR ZeroValid); Mini = Down AND (ValidLow OR ZeroValid);
PlotShapes( IIf(Down AND (ValidLow OR ZeroValid),shapeSmallUpTriangle,0)
,colorBlue, 0, L,-12); PlotShapes( IIf(Up AND (ValidHigh OR
ZeroValid),shapeSmallDownTriangle,0) ,colorOrange, 0, H,-12); Buy=Cover=IIf(Down
AND (ValidLow OR ZeroValid),1,0); Sell=Short=IIf(Up AND (ValidHigh OR
ZeroValid),1,0); //Plot(UpSignal*3+5,"UpSignal", colorBlue, styleLine| styleThick);
//Plot(DownSignal*3 ,"DownSignal", colorRed, styleLine| styleThick); /* LastMaxi = 0;
LastMini = 0; ElliotLines = 0; State = 0; for (i=1; i < BarCount; i++) { State[i] = State[i1]; if (Maxi[i]) { State[i] = 1;//down } if (Mini[i]) { State[i] = 2; } } PlotShapes(IIf(State
> 0, shapeSmallCircle, 0), IIf(State == 1, colorRed, colorBlue), 0, IIf(State == 1, H, L),
-5);
*/
//Line = LineArray( x0, y0, x1, y1, 1 );
//Plot( Line, "Trend line", colorBlue );
/*
Wave B
Usually 50% of Wave A
Should not exceed 75% of Wave A
Wave C
either 1 x Wave A
or 1.62 x Wave A
or 2.62 x Wave A
*/
function CorrectiveRatios(StartPrice, A, B, C, RatioDelta, Delta)
{
ALength = abs(startPrice - A); BLength = abs(A-B);
CLength = abs(B-C);
Ratio1 = BLength / CLength ;
Cond1 = Ration1 >= 0.5 - RatioDelta AND ratio1 <= 0.75 + RatioDelta; Cond2 =
abs(Clength - ALength) < Delta OR abs(Clength - 1.62 * ALength) < Delta OR
abs(CLength - 2.62 * ALength) < Delta; return Cond1 AND Cond2; } function
ImpulseRules(StartPrice, One, Two, Three, Four, Five) { //Wave 2 should be beneath
wave 1 start: Cond1 = Two > StartPrice AND Two < One; //Wave 4 - the same: Cond2 =
Four > Two AND Four < Three; //Wave 5 should be <= wave 3 Cond3 = abs(Three-Two)
>= abs(Five - Four);
//Wave 1 should be smaller than wave five, making wave 3 the biggest:
Cond4 = abs(StartPrice - One) < abs(Five - Four);
return Cond1 AND Cond2 AND Cond3 AND Cond4;
}
_SECTION_END();
Last but not the least check the screenshot of the indicator:
Sunday, June 20, 2010

All That Glitters Are Not Gold - But How 15 Lacs Earned From One Lot
Gold In Less Than A Month?
We all know that Gold is becoming priceless nowadays. But has commodity traders
noticed?? Could you also catch the moves or watched as usual from the sidelines. Let us
discuss something about my one of the favourite indicator RMO ATM for Metactock.
RMO ATM is the latest good but costly plugin for Metastock by Rahul Mohinder. Rules
for RMO can be watched from the following link as video
http://www.google.co.in/search?q=rmo+atm&hl=en&rls=com.microsoft:enUS&prmd=v&source=univ&tbs=vid:1&tbo=u&ei=ec0dTJuOK8qIkAXnytTICw&sa=X
&oi=video_result_group&ct=title&resnum=4&ved=0CDMQqwQwAw.
Rules for buy are simple, wait for a blue bar, then if the zone detector is at 1, BUY above
the high of that bar (here 16950), if zone fill indicator also supports, STRONG BUY.
Keep SL below the low of the last 5 bars. Vice versa for sell. So now you can check all
that glitters are really Gold, provided you have some of it. Profit potential from the
breakout level per lot of Gold contract is Rs. [(swing high of 17/05/2010 @ 18424 breakout buy level of 16950) x 1000 lot size = Rs. 14,74,000 (Rupees 14 lacs seventy
four thousand only)]. Check the image below:
We also undertake chart setup and training assignments for Metastock users. We will
setup your Metastock charts with renowned third party utilities like Alphomega Elliott
Waves, RMO ATM, ETS Trading System or Trade Oracle. You need Metastock Pro 10.0
or above for the trading system setup.
Please note:. We charge for only setup of your charts and education on the above mentioned third party
utilities. We are not resellers of the utilities, and recommend traders to buy from the links given above. We
will take no liabilities from any loss occurring from the generated signals. MetaStock is a registered
trademark of Equis International.

Labels: Gold, RMO ATM
Saturday, June 19, 2010

Analysing Gold MCX Future (EOD Analysis 18/06/2010)
Gold MCX near month future shows some interesting facts as I analysed it in daily as
well as in weekly charts. Daily charts shows some immediate range-bound moves.
Immediate supports at 18846 and 1-2 more close above will try to retest its immediate
resistance at 19198. Close above 19198-19200 will bring the metal to new bull orbit. So
far daily MACD is on sell mode and indicates if the security can not close above 19198
and trades below 18846 chances of retesting downside supports at 18460-18424. Strong
support exists at 19294-18264-18226 zone and I feel this zone will give support for any
medium term upmoves. Buy in dips.
Weekly chart shows strong weekly MACD and if Gold future can remain above the
support zone of 18294 we can see medium term rallies towards weekly fibonacci
resistance like 18851-19189-19466. Long tern trend is extremely bullish till we have
closings above 18000 mark and once the sideways move is over we will definitely see
new highs. Stay invested and add more in dips.
Your comments are welcome in this regard. Obviously the more comments, the better to
take this discussion to newer heights.
Labels: Gold
Thursday, June 17, 2010

Pivot Identifier (Amibroker AFL)
Price pivots are best conceptualized with three bars. A three-bar pivot low represents
support and is formed when buying pressure turns price from down to up. It is designated
by a price bar with a higher low that closes above the previous bar's high, where the
previous bar's low is lower than the bar that preceded it. This is true in every time frame.
A three-bar pivot high represents resistance and is formed when sellers turn price from up
to down. It is seen where a price bar with a lower high closes below the previous bar's
low, where the previous bar's high is higher than the bar that preceded it. Structural pivots
are more easily recognized and understood when seen in a diagram or on a price chart.
This is true in every time frame. (See the below mentioned figure)
Now I introduce the Pivot identifier AFL for Amibroker. You can also identify important
supports and resistances in any time frame. The AFL is as follows (also an image
attached):
_SECTION_BEGIN("Pivot Identifier");
SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo
%g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ));
Plot( C, "Close", ParamColor("Color", colorBlack ), styleNoTitle | ParamStyle("Style") |
GetPriceStyle() );
dist = 0.5*ATR(10);
//code and plot the pivot top
PivotTop = L < Ref(L,-1) AND H < Ref(H,-1) AND Ref(L,-1) < Ref(L,-2) AND Ref(H,1) < Ref(H,-2) AND Ref(H,-2) > Ref(H,-3) AND Ref(L,-2) > Ref(L,-3);
PivotBottom = H > Ref(H,-1) AND L > Ref(L,-1) AND
Ref(H,-1) > Ref(H,-2) AND Ref(L,-1) > Ref(L,-2) AND
Ref(L,-2) < Ref(L,-3) AND Ref(H,-2) < Ref(H,-3);
for( i = 0; i < BarCount; i++ )
{
if( PivotTop [i] ) PlotText( "PVT", i-2, H[ i-2 ], colorGreen );
if( PivotBottom [i] ) PlotText( "PVB", i-2, L[ i-2 ] - dist[i] , colorRed );
}
_SECTION_END();
Tuesday, June 15, 2010

Are You Running For The Holy Grail?? Then Read Below
There are hundreds, maybe thousands of people with one goal in mind: To make
money with trading. And then there are several dozen of speakers and vendors, and it
seems that everybody has "the secret" on how you can become a successful trader.
"Get THIS charting software and you will make money!"

"Use THIS indicator and you will never have a losing trade again!"
"Use THIS system and your account will grow exponentially!"
"Subscribe to THIS newsletter and you will get rich!"
Anyhow, in my career I talked to many traders and asked them about their biggest
problem. I wanted to know why they are not yet achieving their trading goals. And the
answer shocked me!
I thought that they would say "don't know when to enter", or "taking profits too early", or
"lack of discipline" or something along these lines. And don't get me wrong: These
answers came up. But there was one underlying problem:
CONFUSION!
With everybody claiming that they have "The Holy Grail", traders are wondering which
market to trade, what software to use, which educator to follow and what system to use in
their trading.
And I am sure you know what I mean:
How many emails do you get per week telling you about "the next big thing" in trading?
How many invitations to webinars did you get in the past 4 weeks?
And how many pitches to "buy this stuff and you will make money" have you heard?
It seems that these days many traders spend more time in webinars and more money on
"trading stuff" than ever. So here's what we have done for you:
Free Day Trading Starter Package For Beginners:
We created many free online pages for you at our site http://www.stockmaniacs.net/, and
we are giving it to you for free. In these we included everything you need to get started
with day trading:
Some trading strategies so that you know exactly when to enter and exit the market
A free online charting software to trade Nifty, Bank Nifty or CNXIT - everybody needs
charts to trade, right?
Real-Time Data - I think it's more fun to trade the markets with real-time data than
delayed data, don't you think?
End of day charts with all necessary indicators for positional traders.
Many trading calculators so that you can test our strategies without risking a penny.
Please do me a favor and let me know:
What do you think about this idea?
Would a package like this help you?
What else should be in this package?
Just leave a comment below. Obviously, the more comments the better, so don't be shy!
Posted by Indrajit Mukherjee at 9:48 AM 2 comments Links to this post
Labels: Free stuff
Monday, June 14, 2010

Fibonacci Trader - Fixed Balance Point Indicator And OB/OS Exploration
(Metastock Formula)
Fibonacci Trader - Fixed Balance Point:
Mc1:=BarsSince(DayOfWeek()=1);
Fc1:=BarsSince(DayOfWeek()=5);
Fc2:=Ref(BarsSince(DayOfWeek()=5),-1)-1;
{Fixed Balance Point Calculation}
FBC:=If(Mc1=0 AND Fc1>2,
{then}(Ref(HHV(H,LastValue(mc1)),-1)+
Ref(LLV(L,LastValue(Mc1)),-1)+
Ref(C,-1))/3,
{else}If(Fc1=0 AND Mc1>5,
{then}(HHV(H,LastValue(Fc2))+
LLV(L,LastValue(Fc2))+C)/3,
{else}If(Fc1=0,
{then}(HHV(H,LastValue(Mc1))+
LLV(L,LastValue(Mc1))+C)/3,
{else}0)));
{Fixed Balance Point Plot}
FBP:=ValueWhen(1,FBC>0,FBC);
FBP;
Screenshot of the indicator, it can work as a trailing stop loss:
Overbought / Oversold Exploration for Metastock:

RSI(25)+Stoch(25,3)+Mo(25)+CCI(25)
Col A: CLOSE
Col B: Fml("OB/OS Summation")
Filter: Fml("OB/OS Summation") > 450 OR Fml("OB/OS Summation") < -50
More formulas are welcome from your side. Can mail me new Metastock formulas at
Labels: Metastock exploration, Metastock formula
Sunday, June 13, 2010

How Have I Made Rs. 1,65,638 In Two Months? Simple Swing Trading
Technology
From my old trading diary: I want to declare to my readers that I have made Rs.
1,65,638 in 2 months just by trading one stock, ABAN. But how??? As usual all my rules
are simple. As simple as a novice can trade it like a pro. Its a buy only strategy (unless
and untill you trade in futures). Buy when price closes above 5 Days Exponential Moving
Average (DEMA) after a continuous and prolonged fall and sell/exit when price closes
below 5 DEMA. Thats all, and My God!!! You are in profit.
Let me illustrate my trades (I always trade 1 lac for each stock):
1.
2.
3.
4.
5.
6.
13/03/09 - buy @ 256

21/04/09 - sell @ 470 (profit of Rs. 83460)
24/04/09 - buy @ 489
27/04/09 - sell @ 426 (loss of Rs. 12852)
08/05/09 - buy @ 452
27/05/09 - sell @ 882 [profit of 95030 (ABAN is a hold till 27/05/09 as its above
5 DEMA, sell shown for illustration)]
----------------------------------------------------------------Total Profit - Rs. 1,65,638

So, where to get all these datas, which stock is closing above its 5 DEMA? Again
simple. all Nifty-50 stock's end of day (EOD) charts available in this blog at EOD
Charts section. Thanks to http://www.icharts.in/, all levels are shown in the charts itself.
Your job is very easy. Just pick your favourite stock and go long in it. Keep a standard
2%-3% SL for all swing trading activities. I need your comments to take this discussion
to further heights. Cheers!!
Labels: 5 EMA Technique
2 Period RSI Reloaded - Excellent Trading Strategy Combining With Fast

Stochastics
We consider the Relative Strength Index (RSI) to be one of the best indicators
available. There are a number of books and articles written about RSI, how to use it, and
the value it provides in predicting the short-term direction of stock prices. Unfortunately,
few, if any, of these claims are backed up by statistical studies. This is very surprising
considering how popular RSI is as an indicator and how many traders rely upon it.
Most traders use the 14-period RSI, but enhanced studies have shown that statistically,
there is no edge going out that far. However, when you shorten the timeframe you start
seeing some very impressive results. Some good research by Larry Connors shows that
the most robust and consistent results are obtained by using a 2-period RSI and I have
built many successful trading systems that incorporate the 2-period RSI. The following is
one of them.
What is RSI? The Relative Strength Index (RSI) was developed by J. Welles Wilder in
the 1970's. It is a very useful and popular momentum oscillator that compares the
magnitude of a stock's recent gains to the magnitude of its recent losses.
As mentioned above, the default/most common setting for RSI is 14-periods. You can
change this default setting in most charting packages very easily but if you are unsure
how to do this please contact your software vendor. Those using Amibroker can easily
change the period of RSI.
Trading System Prerequisites:

Any good charting software like Amibroker (recommended), Metastock, Trade Station,
Advanced Get etc. Those do not have any of them can contact us at 9432883838 /
9674321856 or mail at stockmaniacs@ymail.com to buy Amibroker.
Trading System Setup:
Time frame: Daily/Hourly/30 Minutes/15 Minutes
Scrip: any liquid scrip or index
Trading setup: SMA 50, SMA 100, SMA 200, RSI (2) with horizontal lines at 80 and 20,
Fast Stochastics (6,3,3) with horizontal lines at 70 and 30.
Trading rules:
Entry for uptrend: When the 50 SMA is above 100 SMA and 100 SMA is above 200
SMA, it is buy only setup. We will look for RSI to plunge below 20. Then look at
Stochastic - once the Stochastic lines crossover occur and it is (must be) below 30 - enter
long with a new price bar. If at least one of the conditions is not met - stay out.
Opposite for downtrend: When the the 50 SMA is below 100 SMA and 100 SMA
is below 200 SMA, it is sell only setup. Wait for the RSI to go above 80. Then if shortly
after you see a Stochastic lines crossover above 70 - enter Short.
Protective stop is placed at the moment of entry and is adjusted to the most recent swing
high/low. I have shown the system with Nifty future daily charts.
Profits are going to be taken in the following way:
Option 1 - using Stochastic - with the Stochastic lines cross above 70 (for
uptrend) / below 30 (for downtrend).
Option 2 - using a trailing stop - for an uptrend a trailing stop is activated for the
first time when Stochastic reaches 70. A trailing stop is placed below the previous
bar's lowest price and is moved with each new price bar.
This strategy allows to accurately pin-point good entries with sound money management
- risks/protective stops are very tight and potential profits are high.
Current trading strategy can be improved when it is combined with the best exits. For
example, once in trade the traders may also try applying Fibonacci studying to the most
recent swings. This way they can predict short-term retracements and make sure they will
not be pulled out of the trade early and will continue pursuing profit targets at Fibonacci
extension levels. (Some idea of the system is taken from a forex discussion forum, big
credit goes to Edward Revy)
Labels: 2 Period RSI, RSI-2, Stochastics
Saturday, June 12, 2010

How To Trade With Yahoo Charts (Part-III)
Hopefully you all have read my earlier posts on trading Nifty with Yahoo charts? For
newcomers I want to repeat, a complete free Nifty Trading System is there in this site.
For Nifty Trading System in real time see the Live Nifty section and for Bank Nifty
trading see Live Bank Nifty section.
Simple rule for Nifty trading, go long when Stochastics crosses from below and confirm
that you get a white candle fully above the red line of 13 EMA not touching it. Exit
maximum when u see RSI becoming overbought and hold a small portion for any further
gain. Go short when Stochastics crosses from above and confirm that you get a blue
candle fully below the red line of 13 EMA not touching it. Exit maximum when u see
RSI becoming oversold and hold a small portion for any further gain.
Now lets see how have I earned 40+ points in trading Nifty future in a trading day. A
picture is worth a 1000 words, so I am attaching a picture of the Nifty Trading System
with full analysis. Your comments are welcome in this regard.
Labels: Yahoo Chart
How To Trade With Yahoo Charts (Part-II)

Earlier also I have told in my trading career I have come across, many charting
softwares and sites, costly or non-costly. But I again repeat even a novice can
successfully trade Nifty future using only free Yahoo Chart. For that purpose I have
attached an auto refreshing Nifty chart from Yahoo Finance in this blog at Live Nifty
section. An auto buy sell decision is attached with the Nifty chart in the blog.
In my last post on Nifty Yahoo Chart I discussed on EMA crossover technology. This
time I will discuss Stochastic-RSI Technology.
Let me tell you how have I made 66 points in Nifty trading in a trading day using the
Nifty Yahoo Chart? Rules are again simple: simply follow the auto signals. Buy Nifty
when stochastics crosses blue line over red and confirm that a full white candle is formed
above the 21 EMA, the red line. Short Nifty when stochastics crosses red line over blue
and confirm that a full blue candle is formed below the 21 EMA, the red line. Exit criteria
RSI reaching overbought or oversold zone. Also, sometimes the auto signals will tell not
to short at all, or sometimes it will tell not to buy at all. My today's trades are represented
graphically. Your comments are welcome in this matter to take this discussion to a
further height.
Labels: Yahoo Chart
How To Trade With Yahoo Charts (Part-I)

In my trading career I have come across, many charting softwares and sites, costly or
non-costly. The list is becoming endless with the advancement of technology: Metastock,
Amibroker, TradeStation, Advanced Get, FCharts, ICharts, JCharts, BazaarTrend. But
may be we traders are ignoring a hidden free gem like the Yahoo Finance Charts. Thanks
to Yahoo, we Indians get absolutely live charts for our indexes from Yahoo charts
absolutely FREE. I have attached an auto-updating real time Nifty chart from Yahoo
Finance @ Live Nifty section of this blog at Live Nifty.
I repeat even a novice can successfully trade Nifty future using this chart. But how?
Rules are again simple:
Buy Nifty when 3 mins EMA goes above 13 mins EMA and 13 mins EMA is also above
34 mins EMA. Comfirm the RSI and Stochastics both in uptrend and has not reached the
overbought zone of 80. Exit Nifty longs when RSI and Stochastics both starts coming
down from the overbought zone.
Sell Nifty when 3 mins EMA goes below 13 mins EMA and 13 mins EMA is also below
34 mins EMA. Comfirm the RSI and Stochastics both in downtrend and has not reached
the oversold zone of 20. Exit Nifty shorts when RSI and Stochastics both starts moving
up from the oversold zone.
Now lets see how I have made 45 points in Nifty yesterday (i.e. 8th May 2009), just by
trading the FREE Yahoo charts. I know a picture worth a thousand words, so I attached a
picture of yesterday's trades. Your comments are welcome to extend this discussion to a
further height. Cheers!!
Labels: Yahoo Chart
Friday, June 11, 2010

TTM Auto Pivots (Amibroker Formula)
Now after I discussed lessons on Pivot Points, a great formula on Pivot Points for
Amibroker users. This formula will plot daily, weekly or Monthly important Pivot
support and resistance lines on your chart. What's more it can even calculate next day's
pivot levels from today's graph. Check the screenshot below:
Now the formula below:

_SECTION_BEGIN("TTM Auto-pivots");
/***************************************/
/***************************************/
/*
PIVOT POINTS can by used in 2 ways:
if you choose daily, the pivots are calculated from the previous day, this can be used for
daily charts. The second option is next day for EOD charts. For all the options available
right click on the chart parameters. To utilize all the program features you need
amibroker from version 4.80.1 and above. Enjoy!
*/
/*-----------------data------------------*/
SetChartBkColor(ParamColor( "BakcgroundColor", colorBlack ) ) ;
k=IIf(ParamList("select type","daily
next day")=="daily",-1,0);
k1=-1;
TimeFrameSet(inDaily);
day_h= LastValue(Ref(H,K));
day_l= LastValue(Ref(L,K));
day_c= LastValue(Ref(C,K));
TimeFrameRestore();
TimeFrameSet(inWeekly);
Week_h= LastValue(Ref(H,K1));
Week_l= LastValue(Ref(L,K1));;
Week_c= LastValue(Ref(C,K1));;
TimeFrameRestore();
TimeFrameSet(inMonthly);
month_h= LastValue(Ref(H,K1));
month_l= LastValue(Ref(L,K1));
month_c= LastValue(Ref(C,K1));
TimeFrameRestore();
/*--------------------------------------*/
// day
DH=Day_h;
DL=Day_L;
DC=Day_C;
// DAY PIVOT Calculation
pd = ( DH+ DL + DC )/3;
sd1 = (2*pd)-DH;
sd2 = pd -(DH - DL);
sd3 = Sd1 - (DH-DL);
sd4 = pd - (2*DH - 2*DL); // pd - (DH-DL)*3; //pd - (2*DH - 2*DL); another way
sd5 = 2*pd - (3*DH -2*DL); //pd - (DH-DL)*4; //2*pd - (3*DH -2*DL);
rd1 = (2*pd)-DL;
rd2 = pd +(DH -DL);
rd3 = rd1 +(DH-DL);
rd4 = pd + (2*DH-2*DL); //pd + (DH-DL)*3; another way
rd5 = 2*pd + (2*DH-3*DL); //pd + (DH-DL)*4; but wrong
// week
WH=Week_h;
WL=Week_l;
WC=Week_c;
// WEEK PIVOT Calculation
pw = ( WH+ WL + WC )/3;
sw1 = (2*pw)-WH;
sw2 = pw -(WH - WL);
sw3 = Sw1 - (WH-WL);
sw4 = pw - (2*WH - 2*WL);//sw4 = pw - (WH - WL)*3;
sw5 = 2*pw - (3*WH -2*WL); //sw5 = pw - (WH -WL)*4;
rw1 = (2*pw)-WL;
rw2 = pw +(WH -WL);
rw3 = rw1 +(WH-WL);
rw4 = pw + (2*WH-2*WL); //rw4 = pw + (WH-WL)*3;
rw5 = 2*pw + (2*WH-3*WL); //rw5 = pw + (WH-WL)*4;
// month
MH=month_h;
ML=month_l;
MC=month_c;
// MONTH PIVOT Calculation
pm = ( MH+ ML + MC )/3;
sm1 = (2*pm)-MH;
sm2 = pm -(MH - ML);

sm3 = Sm1 - (MH-ML);
sm4 = pm - (2*MH - 2*ML); // sm4 = pm - (MH - ML)*3;
sm5 = 2*pm - (3*MH -2*ML); //sm5 = pm - (MH -ML)*4;
rm1 = (2*pm)-ML;
rm2 = pm +(MH -ML);
rm3 = rm1 +(MH-ML);
rm4 = pm + (2*MH-2*ML); //rm4 = pm + (MH-ML)*3;
rm5 = 2*pm + (2*MH-3*ML); //rm5 = pm + (MH-ML)*4;
/*--------------------------------------*/
// PARAMETERS
slide = Param("slide all",33,-1000,1000,1);
slide1 = Param("slide_day",50,0,1000,1);
slide2 = Param("slide_week",70,0,1000,1);
slide3 = Param("slide_month",90,0,1000,1);
slide_Hight = Param("slide_Hight",0,-1000,1000,1);
SHALD = ParamList("daily Pivots", "all
selected only
hide" );
SHALW = ParamList("weekly Pivots", "selected only
all
hide" );
SHALM = ParamList("monthly Pivots", "selected only
all
hide" );
//day
PDP = ParamList("DP", "SHOW
HIDE" );
PDR1 = ParamList("DR1", "SHOW
HIDE" );
PDR2 = ParamList("DR2", "HIDE
SHOW" );
SHOW" );
SHOW" );
SHOW" );
PDS1 = ParamList("DS1", "SHOW
HIDE" );
PDS2 = ParamList("DS2", "HIDE
SHOW" );
SHOW" );
SHOW" );
SHOW" );
//week
PWP = ParamList("WP", "SHOW
HIDE" );
PWR1 = ParamList("WR1", "SHOW
HIDE" );
PWR2 = ParamList("WR2", "HIDE

SHOW" );
SHOW" );
SHOW" );
SHOW" );
PWS1 = ParamList("WS1", "SHOW
HIDE" );
PWS2 = ParamList("WS2", "HIDE
SHOW" );
SHOW" );
SHOW" );
SHOW" );
//month
PMP = ParamList("MP", "SHOW
HIDE" );
PMR1 = ParamList("MR1", "SHOW
HIDE" );
PMR2 = ParamList("MR2", "HIDE
SHOW" );
SHOW" );
SHOW" );

SHOW" );
PMS1 = ParamList("MS1", "SHOW
HIDE" );
PMS2 = ParamList("MS2", "HIDE
SHOW" );
SHOW" );
SHOW" );
SHOW" );
DayCOLOR =ParamColor("day color", 34);

weekCOLOR =ParamColor("week color",10);
monthCOLOR =ParamColor("month color",42);
/*--------------------------------------*/
// LABELS
for( i = 0; i < BarCount; i++ )
{
//day
if(i+slide1== BarCount && (PDP=="SHOW" OR SHALD=="all") && SHALD!
="hide") PlotText( "daily Pivot "+pd ,i+slide,pd+slide_Hight ,DayCOLOR);
if(i+slide1== BarCount && (PDR1=="SHOW" OR SHALD=="all")&& SHALD!
="hide") PlotText( "daily R1 "+rd1 ,i+slide,rd1+slide_Hight ,DayCOLOR );

if(i+slide1== BarCount && (PDS1=="SHOW" OR SHALD=="all")&& SHALD!
="hide") PlotText( "daily S1 "+sd1 ,i+slide,sd1+slide_Hight ,DayCOLOR );
//week
if(i+slide2== BarCount && (PWP=="SHOW" OR SHALW=="all")&& SHALW!
="hide") PlotText( "weekly Pivot "+pw ,i+slide,pw+slide_Hight ,weekCOLOR );
if(i+slide2== BarCount && (PWR1=="SHOW" OR SHALW=="all")&& SHALW!
="hide") PlotText( "weekly R1 "+rw1 ,i+slide,rw1+slide_Hight ,weekCOLOR );
if(i+slide2== BarCount && (PWS1=="SHOW" OR SHALW=="all")&& SHALW!

="hide") PlotText( "weekly S1 "+sw1 ,i+slide,sw1+slide_Hight ,weekCOLOR );
//month
if(i+slide3== BarCount && (PMP=="SHOW" OR SHALM=="all")&& SHALM!
="hide") PlotText( "monthly Pivot "+pm ,i+slide,Pm+slide_Hight ,monthCOLOR );
if(i+slide3== BarCount && (PMR1=="SHOW" OR SHALM=="all")&& SHALM!
="hide") PlotText( "monthly R1 "+rm1 ,i+slide,rm1+slide_Hight ,monthCOLOR );
if(i+slide3== BarCount && (PMS1=="SHOW" OR SHALM=="all")&& SHALM!

="hide")PlotText( "monthly S1 "+sm1 ,i+slide,sm1+slide_Hight ,monthCOLOR);
="hide") PlotText( "monthly S2 "+sm2 ,i+slide,sm2+slide_Hight ,monthCOLOR );

}
/*--------------------------------------*/
// PLOTS
style = IIf(ParamList("Chart style", "styleCandle
styleBar")=="styleCandle",64,128);
Plot (C,Date ()+" close",ParamColor("Chart color",11),style);
//day
if ((PDP=="SHOW" OR SHALD=="all") && SHALD!="hide") Plot (pd,"daily Pivot
",DayCOLOR,1);
if ((PDR1=="SHOW" OR SHALD=="all") && SHALD!="hide") Plot (rd1,"daily R1
",DayCOLOR,32);
",DayCOLOR,32);
",DayCOLOR,32);
",DayCOLOR,32);
",DayCOLOR,32);
if ((PDS1=="SHOW" OR SHALD=="all") && SHALD!="hide") Plot (sd1,"daily S1
",DayCOLOR,32);
if ((PDS2=="SHOW" OR SHALD=="all") && SHALD!="hide") Plot (Sd2,"daily S2
",DayCOLOR,32);
",DayCOLOR,32);
",DayCOLOR,32);
",DayCOLOR,32);
//week
if ((PWP=="SHOW" OR SHALW=="all") && SHALW!="hide") Plot (pW,"weekly
Pivot ",weekCOLOR,1);
if ((PWR1=="SHOW" OR SHALW=="all") && SHALW!="hide") Plot (rw1,"weekly
R1 ",weekCOLOR,32);
R2 ",weekCOLOR,32);
R3 ",weekCOLOR,32);
R4 ",weekCOLOR,32);
R5 ",weekCOLOR,32);
if ((PWS1=="SHOW" OR SHALW=="all") && SHALW!="hide") Plot (sw1,"weekly S1
",weekCOLOR,32);
if ((PWS2=="SHOW" OR SHALW=="all") && SHALW!="hide") Plot (Sw2,"weekly
S2 ",weekCOLOR,32);
S3 ",weekCOLOR,32);
S4 ",weekCOLOR,32);
S5 ",weekCOLOR,32);
//month
if ((PMP=="SHOW" OR SHALM=="all") && SHALM!="hide") Plot (pm,"monthly

Pivot",monthCOLOR ,1);
if ((PMR1=="SHOW" OR SHALM=="all") && SHALM!="hide") Plot (rm1,"monthly
R1",monthCOLOR ,32);
if ((PMS1=="SHOW" OR SHALM=="all") && SHALM!="hide") Plot (sm1,"monthly
S1",monthCOLOR ,32);
/*--------------------------------------*/
// TEXT
"high = "+H;
"low = "+L;
"close = "+C;
_SECTION_END();
More formulas are welcome from your side. Can mail me new formulas at
published here. If possible also send your screenshot of the AFL.
Labels: Amibroker formula, Pivot Point
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Yahoo Chart (3)
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Tuesday, July 20, 2010

The Amibroker formula for Darvas Box is as follows:

Friday, July 16, 2010

Increased volume and

Frequent closes in the top half of the daily range.

Likewise, selling pressure is evidenced by:

Increased volume and

Now check the image below of Nifty future:

The Amibroker formula for Twigg's Money Flow is as follows:

Thursday, July 15, 2010

Wednesday, July 14, 2010

Auto-quoting options across 100 price points.

traded together. More sell-side firms offering program trading functions to

Tuesday, July 13, 2010

Friday, July 9, 2010

Thursday, July 8, 2010

Wednesday, July 7, 2010

Tuesday, July 6, 2010

Saturday, July 3, 2010

stressful to follow this rule.

Wednesday, June 30, 2010

Smooothed CCI (Amibroker Formula)

And this is the code:

Share the post with the world:

Friday, June 25, 2010

Thursday, June 24, 2010

Tuesday, June 22, 2010

Vol = TimeFrameGetPrice("V", in5Minute, 0);

if (BarsInDay[i] == IBBars+1 AND EnIB == 0) {

Monday, June 21, 2010

for (i=1; i < BarCount; i++) { LastHigh[i] = LastHigh[i-1]; LastLow[i] = LastLow[i-1]; if

Sunday, June 20, 2010

Posted by Indrajit Mukherjee at 2:00 PM 0 comments Links to this post

Saturday, June 19, 2010

Thursday, June 17, 2010

Tuesday, June 15, 2010

"Get THIS charting software and you will make money!"

Monday, June 14, 2010

Overbought / Oversold Exploration for Metastock:

Sunday, June 13, 2010

Let me illustrate my trades (I always trade 1 lac for each stock):

13/03/09 - buy @ 256

----------------------------------------------------------------Total Profit - Rs. 1,65,638

2 Period RSI Reloaded - Excellent Trading Strategy Combining With Fast

Trading System Prerequisites:

Profits are going to be taken in the following way:

Saturday, June 12, 2010

How To Trade With Yahoo Charts (Part-II)

How To Trade With Yahoo Charts (Part-I)

Friday, June 11, 2010

Now the formula below:

sm2 = pm -(MH - ML);

PWR2 = ParamList("WR2", "HIDE

PMR5 = ParamList("MR5", "HIDE

DayCOLOR =ParamColor("day color", 34);

="hide") PlotText( "daily R3 "+rd3 ,i+slide,rd3+slide_Hight ,DayCOLOR );

if(i+slide2== BarCount && (PWS1=="SHOW" OR SHALW=="all")&& SHALW!

if(i+slide3== BarCount && (PMS1=="SHOW" OR SHALM=="all")&& SHALM!

="hide") PlotText( "monthly S3 "+sm3 ,i+slide,sm3+slide_Hight ,monthCOLOR );

if ((PMP=="SHOW" OR SHALM=="all") && SHALM!="hide") Plot (pm,"monthly

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