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Bullish Engulfing Candle & EMA Signal for Amibroker (AFL)

Rating:
5 / 5 (Votes 1)
Tags:
amibroker, trading system

This is a trading system based on a 9 day and 21 day Exponential Moving Average (EMA) and the Bullish Engulfing candlestick pattern. A bullish engulfing candlestick pattern forms when a small black candlestick is followed by a large white candlestick that completely eclipses or “engulfs” the previous day’s candlestick. The shadows or tails of the small candlestick are short, which enables the body of the large candlestick to cover the entire candlestick from the previous day.

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Indicator / Formula

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The indicator is a trading system only. Nothing will be displayed on a chart.

Buy =  EMA(Close,9)<EMA(Close,21) 
		AND Ref(Close,1)>Ref(Open,1) 
		AND Ref(Close,2)< Ref(Open,2) 	
		AND Ref(Open,1)<Ref(Close,2) 
		AND Ref(Close,1)>Ref(Open,2);

Sell = 0;

Short = 	EMA(Close,9)>EMA(Close,21)  
			AND Ref(Close,1)<Ref(Open,1) 
			AND Ref(Close,2)> Ref(Open,2) 	
			AND Ref(Open,1)>Ref(Close,2) 
			AND Ref(Close,1)>Ref(Open,2);

Cover = 0;

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