The user needs to write two statements i. AFL is for determining trading rules in automatic analysis window and commentaries. This may ignite a rally as a result of covered Short positions,which may then inspire the bottom pickers to take long positions. Hourly, 15, 5 min is desirable for comfort trading. Leave a Reply Cancel reply Your email address will not be published.
This system is based on the double bottom and double top detection technique. A line joining two tops when connected together and another line joining bottom line is connected together and when both line extended forms a funnel and a break outside gives very strong break out.
Sunday, January 8, 2012
Status Not open for further replies. Prev 1 … Go to page. First Prev 17 of 89 Go to page. Many Many Thanx to you. Peak System ATR based. Hi shivagi, again many thanks to you and khushiji, for providing the best AFLs. I request you, if you can put the buy,sell,short,cover variable in this system nishant Trading System.
It would be benefit us to backtest it. Candle Identification very less help to me, but still if somebody needs. It reflects only one Day's trading AND it may show the continuation of the trend but also may indicate reversal. It needs to be used with other candlesticks for a better and healthier judgment about the status of the trend. With the bears in full force; it may show either the continuation of a downtrend OR a final Sell off attempt just before the bulls regain control.
It signals a market top OR a resistance level. This selling pressure after a rally is a serious warning Signal. The pattern is more perfect if the lower shadow is longer.
Apparently the market fails to continue in the selling side. In a Day of inverted hammer,market opens at OR near its Low. It may NOT be clear why this type of price action is interpreted as a potential reversal Signal.
This may ignite a rally as a result of covered Short positions,which may then inspire the bottom pickers to take long positions. This verification can be in the form of the next Day opening above the inverted hammers real body. A white candlestick with higher prices can also be another form of confirmation. The color of the real body is NOT important. An ideal shooting star has a real body which gaps away from the prior real body.
A confirmation on the third Day is required to be sure that the uptrend has reversed. It then closes below the opening price creating a black body. The actual length of the shadows is NOT important. Now there is a sign of sale-off potential with reversal of positions. Top 5 Intraday Trading Indicators ]. The commentary window describes the technical situation in the given market conditions. The commentaries are shown on the basis of formulas you wrote. The commentary also reflects buy and sell signals in graphical mode.
With the use of AFL, traders can build their own in-house analytical program. What is Share Market and How it works? How to Select Stocks for Intraday Trading? How to Enter and Exit in Intraday Trading? Day Trading Tips for Beginners. Top 5 Mobile Apps for Intraday Trading. What is Technical Analysis of Stocks?
How to choose right position size for your Trading? Why You Need a Trading Accounts? How to open a Demat Account [ all in 1 Guide…. What is Supertrend Indicator? What is Algo Trading? Algorithm Trading in India. What are the Best features of AmiBroker Software? Before building your strategies on AFL, test it on different time frames and symbols.
A line joining two tops when connected together and another line joining bottom line is connected together and when both line extended forms a funnel and a break outside gives very strong break out.
It is recomended to have Heikin Ashi plot bellow main price plot as confirmation. Big heikin ashi candles confirm price movement. Disclaimer — Trade with caution. Author does not take any responsibility. The system is to guide traders and does not guaranty any performance. The system is used in Indian market condition.
Tuesday, November 29, 2011
May 17, · The Second Day trading is within a small range AND Second Day closes at OR very near its Open. This Now")+ printf(" suggests the potential for a rally showing that positions are changed. Nishant Kulkarni of haxspace.cf released newer version of his famous Nishant Trading System For NSE- Version 28 on 20th December. Many readers of TraderAdda liked . At TraderAdda he writes about Trading Systems, Amibroker Indicators and AFLs, Trading Ebooks, Trading Resources, Nifty Intraday Levels, Nifty Positional View, and many more other Trading Resources. His area of interest are Technical Analysis, Developing Trading Strategies, Blogging, Gadgets and Reading.