Fibotrader : An Excellent Free TA Software

Which one is best for beginners:

  • Amibroker

    Votes: 204 44.5%
  • Fibotrader

    Votes: 181 39.5%
  • FCharts

    Votes: 73 15.9%

  • Total voters
    458
dear soumya
i m able to use nse data downloded from nse site. after few modifications (using n/a for series, last price etc.)

i want to know with same steps can i update fno eod data

how to change data for 27 sept contract as first month contracts.

regards
skjain
 
Hi! Soumya,

Need your help ...

What I want to do is run a scan for "the high of a candle to be higher than the high of the previous candle" on the weekly charts for the last "x" number of days.

I have created a template. But when I run the filter, I do not get any results. Attached is a screenshot of the template that I have created. Could you please tell me where I am going wrong.

Also, if you could please clarify one doubt on creating templates ...

For a Buy condition to be fulfilled, does one have to create an entry rule and add some indicator beneath the chart (in the object tree)

Are them some guidelines that one needs to follow to create templates. It would help us non techies in the future also. :eek:

Thanks & regards,
Amit
 

Attachments

Hi! Fibotrader,

This is from a thread by karthikmarar, who is really good at what he does. The url of the the post is

http://www.traderji.com/technical-analysis/7377-experiments-technical-analysis-9.html

The post is at the bottom of the page. Am attaching the chart & the afl that Karthik has uploaded for your reference.

-----------------------------------------------------------------------------

Karthik's Post

I would like to share one such idea with you all. I often thought it would be a good thing if I can see the “trendiness” of the stock by just looking at the charts and not look through the ADX, DI+, RAVI or some complicated method. I could have an indication on the charts, may be a moving average, which can tell me if the market is moving sideways or is trending. Thus was born my Adaptive Moving average based “Trend Check Signal”.

This Moving average would follow the close price when the ADX value moving up. But when the ADX is down the moving average is clamped to a fixed level. In other words the moving average remains a straight line when the ADX is down indicating a sideways market. When the ADX is moving up, in other words the stock is trending up or even down the moving average tracks the price. Once this moving average is plotted in the price chart we have easily have an idea whether the market is trending or ranging by looking at this line.

We can even use the RAVI instead of ADX. RAVI reacts fasters than ADX.
I am enclosing a chart to show the Adaptive Moving Average, which I call “Trend Check”.

-----------------------------------------------------------------------------

Let us continue with the logic and codes for the Adaptive Moving Average based Trend Check.

For that we first look at the EMA formula briefly

EMA today = Sc ( C-EMA(-1))+EMA(-1)

Where Sc is the smoothing constant
C is today’s close
EMA(-1) is yesterdays EMA

SC is expressed as 2/(n+1) where n is the time period of the EMA.

In adaptive Moving average the Smoothing constant is changed based on other factors like volatility.

Here what we are trying to do is adjust the moving average based on the ADX or RAVI.

When the ADX/RAVI is above 20% of the recent range (Here last 20 days) the constant becomes equal to 2/(n+1). So the Moving average becomes equal to a EMA.

When the ADX/RAVI is below the 20% then the constant become equal to the ADX range value. Below 20% of the recent range means the

ADX/RAVI value is low and the constant tends towards zero and the EMA becomes equal to yesterdays value. This continues as long as the ADX/RAVI remain less than 20%. So the line becomes almost constant when the ADX/RAVI is below 20% of the recent 20 days range.

------------------------------------------------------------------------------

Would it be possible for you to please help the users of Fibotrader with the above. It would be really useful to us. As Karthik has suggested, RAVI would be preferable to the ADX.

Awaiting your reply ...

Thanks & regards,
Amit
 

Attachments

Last edited:
hope this template will serve your purpose well.

thanks
Hi! Soumya,

Thanks for your reply. Ran a filter based on the template that you have uploaded.

2 Stocks that come to my mind straight away that are not getting picked up are 'CUMMINSIND" & "GESHIPPING". Both the stocks had a higher high on Friday as compared to Thursday.

Have also uploaded the Wipro chart that you have attached with the arrows pointing towards the candles that have not got picked up. Any solutions to this.

Would be grateful if you could please help...

Thanks & regards,
Amit
 

Attachments

Dear Saumya i am here for quite a long time and read ur postings regularly.it is solely ur credit to make fibotrader so popular. i appreciate ur effort and also use my free version of fibotrader some times ,actually i have amibroker also.
is it possible for us to get RT-feeding frm any source?
yahoo, nse, pib, blograder etc....
there is software called pib to ab, then pib to fib why not?
come and lets join hand for such a project with advice and experience frm software experts.
best regards,
Rajib.
 
Hi! Soumya,

Thanks for your reply. Ran a filter based on the template that you have uploaded.

2 Stocks that come to my mind straight away that are not getting picked up are 'CUMMINSIND" & "GESHIPPING". Both the stocks had a higher high on Friday as compared to Thursday.

Have also uploaded the Wipro chart that you have attached with the arrows pointing towards the candles that have not got picked up. Any solutions to this.

Would be grateful if you could please help...

Thanks & regards,
Amit

sorry no idea. only Robert can throw some light on it.
off topic: the indicator RAVI is rising means the stock is in a trending phase i.e. either it is rising or falling. and when RAVI is falling it only implies the underlying stock is in a trading phase. i think SAR is much more dependable than ADX & RAVI. i attach Satyam's chart as an example.

thanks,
soumya
 
Last edited:
sorry no idea. only Robert can throw some light on it.
off topic: the indicator RAVI is rising means the stock is in a trending phase i.e. either it is rising or falling. and when RAVI is falling it only implies the underlying stock is in a trading phase. i think SAR is much more dependable than ADX & RAVI. i attach Satyam's chart as an example.

thanks,
soumya
Hi! Soumya,

Thanks for your reply and for looking into the problem.

There seems to a problem with the RAVI indicator that you download from Fibotrader. I can't remember now whether the RAVI came inbuilt with Fibotrader or I downloaded it using the "More from internet" function.
Please have a look at the link that I have posted in the earlier post addressed to Fibotrader.

Will definitely look at the SAR indicator in due course of time. Thanks for sharing the same.

Thanks as always,
Amit
 

Similar threads