Experiments in Technical Analysis

[sikandar]

Hi

I am not an expert in trading or using Amibroker. Still I have collected many formulas & formats which I am uploading to this site, interested persons can enjoy them down loading & adding to their AB folder. There may be some repeatations as I have collected them from many sites in different times.

http://r ap idshar e.com/files/129303534/Formulas.rar.html

Sunando

Very useful and neadful
Thanks
sikandar

 

[sikandar]

Friends

I have uploaded the afls and Metastock codes which had to deleted because of the restriction on the space for attachments. I have also included a PDF document containing the excerpts from this thread.

The Link for the 4shared folder is
http://www. 4 s h a r e d.com/dir/7777958/973587e4/Traderji_Stuff.html

Please remove the spaces in the word 4shared..

Regards

Karthik

Hellow Karthik
Good stuf very useful
thanks
sikandar

 

[karthikmarar]

Sikandar

Happy to know that you found it useful. It makes all the efforts worthwhile.

regards

 

[praveen taneja]

Sikandar

Happy to know that you found it useful. It makes all the efforts worthwhile.

regards

sir u all write so much formula etc in this thread but it would b better if u write the final judgement of u ppl that mkt would go up n down that would benefit more ppl sorry to disturb u ppl

 

[karthikmarar]

Praveen

The object of this thread is different. It is aimed at promoting learning and make people self sufficient in building their own apprach and system. Of course some did not agree on the idea for wahatever reasons they had.

I have always refrained from giving Tips and prediction. The main reason is that I abhor the very idea of giving Tips as it cripples learning and leaves many a pocket empty most of the times. The other reason is that if somebody loses money because of my Tips I would lose a lot of sleep over it.
Nobody can make correct prediction about the market and there definitely would be losing calls.

I have noticed that you are keenly learning Saint’s 60 min method. That is very good. Now you have one arrow in the quiver. Would it not be wonderful if you have the quiver full of arrows instead of just one? Threads like this and saint's "teaching a man to fish" help you to draft you own arrows.

regards

 

[Stockmart]

hey, kartik
good man ... even im planning to make one trading system which creates buy sell signal but im not literate with metastock tools,, im unable to do this...

i m working as a technical analyst, has a experience to work on Iris real time software..


If sumone tells me any guide book or site where i can able to interact with sumone who helps me in coding into metastock....


hope soon i will make it ......

 

[biggles]

hi karthik,

if u see the charts for cipla and rcom u would find constriction on the bollinger bands. can u explain how to anticipate a breakout or breakdown in such a case. i havent been able to get it rght at all.

thanks

 

[roameri]

Praveen

The object of this thread is different. It is aimed at promoting learning and make people self sufficient in building their own apprach and system. regards

Dear Madam/Sir:
Agree.
A small quotation:
"He who asks is a fool for five minutes, but he who does not ask remains a fool forever. "
Chinese Proverb
QUESTION:
In the Share Quote if the number of Sellers is more than the number of Buyers is it indicative of a rising or falling price ?
Thanks in advance.
j.

 

[praveen taneja]

Dear Madam/Sir:
Agree.
A small quotation:
"He who asks is a fool for five minutes, but he who does not ask remains a fool forever. "
Chinese Proverb
QUESTION:
In the Share Quote if the number of Sellers is more than the number of Buyers is it indicative of a rising or falling price ?
Thanks in advance.
j.

no that is not surely indicator bcoz that can b done with any bid time u buy 1000 share n show fake nos.

 

[vpsarathy]

Thanks Jaykiru for kick starting this thread. I will study and revert back to you again.


I was reading the earlier posts of thid series. I did not understand

""After some experimentation I decided to use just the 13 day EMA with a signal line of a 9 day EMA of the 13 day EMA.

So my setup was EMA(13) greater than 9 day EMA of EMA(13).""

Also didnot follow

Now let us take look at my very first workable trading system. Of course I have come a long way from there. This system though very simple did provide many profitable trades and I hope will help the beginners to get some insight and help them in their path towards their own profitable trading system. Step by step we will cover more advanced systems, Indicator etc. This system, which I fondly called MABIUTS (Moving Average Based Intermediate Uptrend System. Forgive my penchant for funny names) will be a good starting point for the thread. I will talk about the setup and entry only. I will not cover the position sizing and money management part here because each individual has his flavor of MM.

It was a time when I was trying the grasp the intricacies of Technical Analysis. I was looking at various Indicators without really getting the grasp of their working and drawbacks. The indicators gave conflicting signals leaving thoroughly exasperated.

Finally I decided to make a system, which will be a very simple one yet gives me reasonable profits. I started experimenting with simple moving average cross over systems, but was quite unhappy with the frequent whipsaws. Then I decided to approach the problem in an unconventional way different from the normal use of Moving averages. I listed the objective as follows

1. The system should be simple
2. Based on simple moving averages
3. It should be able to identify an Intermediate Up trend ( Ahh I am a big Fan of Saint, you know) and latch on to the trend.
4. The Time frame should be medium.
5. Visual pointer like Bullish, bearish and neural (sideways) on the charts to make an easier understanding.

With these set of objective I set out to make my system. First step was to identify an Uptrend using Moving averages. That time I was very familiar with the 3-13-39 system from the great thread by Traderji. After some experimentation I decided to use just the 13 day EMA with a signal line of a 9 day EMA of the 13 day EMA.

So my setup was EMA(13) greater than 9 day EMA of EMA(13).

Now what about the entry? I wanted to enter on confirmation of starting of Intermediate Up trend. Now my Pivot Analysis studies (Some of you may be familiar with my thread on pivots) came to my aid. So the entry would be when the price crosses the previous High Pivot. (The previous peak)

I kept the exit also very simple. When the he EMA (13) cross below the signal line, I will exit the trade. (Trailing stops etc were a far cry for me those days)

It was a simple and elementary Trading system. But worked well during the bull market. It caught on most of the intermediate up trends and kept one on the right side most of the times. It also gave signals for entry or adding on pullbacks in an uptrend. It identified most sideways movements. It was good for safe, stress free positional trades.

Of course It had its share of drawbacks. Some entries were signaled at the top which proved to be loss making. The system also was unable to handle big drops.

Overall it was very satisfactory system in a bull market and of course in a bear market the system will fully keep one aside. The system with its simplicity may be a good one for beginners.

Let me reiterate the rules again.

Setup: EMA(13) of close > Signal Line
Entry: Close crossing the previous peak
Exit : EMA(13) crossing below the Signal Line

Signal Line : EMA(9) of EMA(13)

I had implemented the same in Metastock and has now recreated the same in Amibroker. It has the following features.

Buy and Sell indications Arrow and B/S Texts. Amibroker is more flexible hence has the price also.
Chart Bars color coded with green for Bullish, Red for Bearish and blue during pullbacks and sideways movements. The blue indication puts one on alert.

Color-coded ribbons in Metastock for Bullish, Bearish and neutral zones.

I am enclosing the two charts for your reference (one from Metastock and the other from Amibroker).

Comments welcome. Also effort to improve could be thought of.

The Metastock Expert and Amibroker AFL will be posted in their respective sections (Just to avoid clutter here)

Warm regards

Karthik

The Metastock code and Amibroker AFL can be found at

http://www.traderji.com/52339-post21.html

For the related explorations please go to
http://www.traderji.com/52463-post43.html

""Setup: EMA(13) of close > Signal Line
Entry: Close crossing the previous peak
Exit : EMA(13) crossing below the Signal Line

Signal Line : EMA(9) of EMA(13)""

I use Trade Tiger.

My objective is to become proficient atleast in one strategy. Once I am thru with yours I can appreciate the other strategies and understand the indicators and oscillators. While looking for a simple nethod I stumbled upon your posting.

Pl excuse me if you need to repeat answering old postings.

vps