There is a famous saying in trading “Trend is always friend”. So when you identify a major trend, than you will get huge profit. In that sense, creating an AFL for identifying trend in the charts is extremely critical. Amibroker AFL for trend identification play a vital role in any algo trading system. If you…
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Most indicators you make will not be suited to permanently hard-coded variables. Often you will want to change certain settings on the fly such as the time period, the timeframe, overbought/oversold thresholds, etc. Having it in the code will make things complicated unnecessarily while customizing it, so an option to change the variables or inputs…
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What are the different BackTesting Options available in Amibroker? And How to Read BackTest Report? This window (accessible from Report button in Automatic analysis window) provides very useful information about the performance of a trading system under the test. The information included here can be customized using system test settings dialog. Explanation of values: Total…
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In this lesson we’ll learn how to plot the highest high and lowest low on your chart for the past 50/100 candles. Drawing To The Chart First, start a new script and name it whatever you want. I am calling mine “Episode 2”. Note, this is the same script we used in the previous episode as…
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Here is another much awaited and most requested episode on amibroker, which is “Bar Replay window” Bar Replay tool is available from Tools->Bar Replay menu. Bar Replay feature plays back data for all symbols at once with user-defined speed. It means that data for all symbols will end at specified “playback position”. Controls description Navigation bar: – Rewind to the…
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AMIBroker is one of the most famous Algo-Trading Tools available in the market today, which uses AFL Scripting. We can use AMIBroker to create, back-test and deploy and strategy. This post is the placeholder for sharing AMIBroker AFL Data Feed for April 2022. Note: These files contain data feed up-to 1 minute. We are providing…
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AMIBroker is one of the most famous Algo-Trading Tools available in the market today, which uses AFL Scripting. We can use AMIBroker to create, back-test and deploy and strategy. This post is the placeholder for sharing AMIBroker AFL Data Feed for March 2022. Note: These files contain data feed up-to 1 minute. We are providing…
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How to create algo for MACD Intraday Trend Following strategy?
In this episode , we are going to learn how to code MACD Intraday Trend Following Strategy.
Let’s get into the set-up.
Condition:
This is a slightly complicated strategy, we will be using Bollinger Band in combination with MACD to take buying, selling, shorting and short covering decisions.
Buy: When MACD line crosses signal line, with histogram above 0 and closing price of the candle is above Top Bollinger Band.
Short: When signal line crosses MACD line, with histogram below 0 and closing price of the candle is below Bottom Bollinger Band.
Sell: When we get Short signal
Cover: When we get Buy signal
Example:
Buy: When MACD line crosses signal line, with histogram above 0 and current time is within the allowable trade time of 9.30 & 3.15 and closing price of the candle is above Top Bollinger Band.
Short: When signal line crosses MACD line, with histogram below 0 and current time is within the allowable trade time of 9.30 & 3.15 and closing price of the candle is below Bottom Bollinger Band.
Sell: When we get Short signal or if time crosses 3.15
Cover: When we get Buy signal or if time crosses 3.15
AMIBroker is one of the most famous Algo-Trading Tools available in the market today, which uses AFL Scripting. We can use AMIBroker to create, back-test and deploy and strategy. This post is the placeholder for sharing AMIBroker AFL Data Feed for February 2022. Note: These files contain data feed up-to 1 minute. We are providing…
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AMIBroker is one of the most famous Algo-Trading Tools available in the market today, which uses AFL Scripting. We can use AMIBroker to create, back-test and deploy and strategy. This post is the placeholder for sharing AMIBroker AFL Data Feed for January 2022. Note: These files contain data feed up-to 1 minute. We are providing…
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