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Intraday Trade System for Amibroker (AFL)
Rating:
3 / 5 (Votes 7)
Tags:
amibroker
Following is a intraday trading system in which strict stoploss system in which stoploss to be kept at swing low/high or previous candle high/low
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Indicator / Formula
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_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 ) ) ));
Odd=35;
CoefOdd=round(Odd/2);
Even=34;
Coefeven=Even/2;
Coefeven2=Coefeven+1;
CongestionPercent=2.8;
TriangularOdd=MA(MA(C,CoefOdd),CoefOdd);
TriangularEven=MA(MA(C,Coefeven),Coefeven2);
finalMov_avg=IIf(Odd > even,triangularOdd,TriangularEven);
Color=colorGreen;
tickercolor=colorBlack;
trendcolor=IIf(C < finalmov_avg,colorRed,Color);
Plot( C, "Close", trendcolor, styleCandle | styleThick );
_SECTION_END();
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Remember this system gives wind flow profit if traded with Patience and Discipline and enter after 5min when market starts and exit before 5/15min market close
Very good indicator. Very easy to visually identify the ups and downs. Thanks a ton !!