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How to create algo for RSI Trigger Line strategy?

How to create algo for RSI Trigger Line strategy?

Condition:
The moving average of RSI indicates the average momentum, while RSI indicates current momentum. So we are trying to buy when RSI crosses above its moving average.The short RSI period of 7 is used to generate sufficient signals. The Moving Average period used is 15, arbitrarily the double of RSI period.
Buy: When RSI crosses above its trigger line and RSI>60
Sell: When RSI goes below trigger line and RSI<40 Reverse is applicable for shorting.

AMIBroker AFL Data Feed – August 2021

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 August 2021. Note: These files contain data feed up-to 1 minute. We are providing…
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How to write algo for Stoch Crossover System?

How to write algo for Stoch Crossover System?

Condition:
Stochastic is an oscillator that measures the position of a stock compared with its recent trading range indicating overbought OR oversold conditions. It displays current Day price at a percentage relative to it’s trading range over the specified period of time. In a Slow Stochastic, the highs AND lows are averaged over a slowing period. The default is usually 3 for slow AND 1 for fast. The line can then be smoothed using an exponential moving average, Weighted, OR simple moving average. Confirming Buy/Sell signals can be read at intersections of the %D with the %K as well.
The Stochastic Oscillator always ranges between 0% AND 100%.
• A reading of 0% shows that the security’s Close was the Lowest price that the security has traded during the preceding x-time periods.
• A reading of 100% shows that the security’s Close was the Highest price that the security has traded during the preceding x-time periods.
• When the closing price is near the top of the recent trading range (above 80%), the security is in an overbought condition AND may Signal for a possible correction.
• Oversold condition exists at a point below %20. The security is in an oversold condition AND may Signal for a possible upmove.
• Whenever stoch makes a crossover we will initiate the trades accordingly.

AMIBroker AFL Data Feed – July 2021

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 July 2021. Note: These files contain data feed up-to 1 minute. We are providing…
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How to create algo for RSI Crossover System?

How to create algo for RSI Crossover System?

Condition:
The Trading Idea is to Buy when short-term momentum crosses above long-term momentum and vice versa.
RSI is a oscillator which depicts momentum in prices. We try using two RSI of different periods to judge the short-term momentum and long-term momentum. So trade entries will be based on RSI indicator.
However, by construction, RSI gives a lot of whipsaws while it oscillates up and down. So trade exits are done using RSI levels to avoid too frequent re-entries.
So when it comes to trade condition,
Buy: When short-term RSI crosses above long-term RSI
Sell: When RSI goes below 40 level

AMIBroker AFL Data Feed – June 2021

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 June 2021. Note: These files contain data feed up-to 1 minute. We are providing…
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How to create algo for MACD Momentum Trading strategy?

How to create algo for MACD Momentum Trading strategy?

Condition:
The MACD indicator is one of the most popular indicators to determine trending prices. The basic trading rules is to buy when it cuts above zero line or buy when its cuts above signal line. When the direction of trend is not clear, MACD stays close to the zero line.

The trading idea is simple.
We need to buy when
• trend is strong
• there is momentum in market
• the market is not sideways

Buy Condition: MACD above 0 and MACD above Signal Line and MACD above 25 and Signal candle is beyond Bollinger Band
Sell Condition: When either MACD below 0 or MACD below Signal Line

Reverse is applicable for shorting.

AMIBroker AFL Data Feed – May 2021

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 May 2021. Note: These files contain data feed up-to 1 minute. We are providing…
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How to setup Algo-Trading for Open Range Breakout (ORB) Trading Strategy?

How to setup Algo-Trading for Open Range Breakout (ORB) Trading Strategy?

Condition: Open Range breakout. This is exactly opposite to OHOL strategy. If open price of the stock is equal to today’s low and in case if price breaks and goes below today’s low, we can short the stock. Likewise If open price of the stock is equal to today’s high and in case if price breaks out and goes above today’s high, we can go long.

Script Setup:

I’ll go long if
• Stock is an OH candidate and if
• price breaks out to upside from the OH level and
• Current time is between 9.45 & 3.15

I’ll short if
• Stock is an OL candidate and if
• price breaks out to downside from the OL level and
• Current time is between 9.45 & 3.15

This was one of the strategies commonly used for the reversal trades, especially if you are actively trading on OHOL strategy.

In the previous episodes, we have discussed on how to install amibroker, where to get 1 minute data, how to import the data into amibroker and how to set-up the database and charts. We also discussed on some of the commonly used sripts. So please do refer the previous episodes in case you are not able to replicate this.

AMIBroker AFL Data Feed – April 2021

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 2021. Note: These files contain data feed up-to 1 minute. We are providing…
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