Free intraday charting software for Cash and Future

[miteshnandu]

thanks for your tremendous effort

 

[sweta]

Hi All,
While doing reaserach reading articles and then applying them on chart I found a very good formulae, which can be used for doing trading.
If you do use iguidestocks software then check them out or convert them in amibroker's AFL or in easylanguage.
This formula is basically creates macd using MMA indicator and then generates buy/sell signal. I did backtesting and found resulr very impressive specially a very good indicator for loss cutting


@EXCELLENT FORMULA INCLUDES BUY/SELL SIGNAL WHEN TESTED ON NIFTY @STOCKS
@ GAVE VERY GOOD RESULT AND OUTPERFORM BUYHOLD STRATEGY . @CHECKOUT BY APPLYING ON DIFFERENT
@STOCKS . THIS FORMULA USE MACD AND CREATION OF MACD IS DONE @USING MMA MOVING AVERAGE INSTEAD OF EMA

#X:MMA[12;0] - MMA[26;0]
A := EMAANY[X[0];9;0]
A1 := EMAANY[X[0];9;-1]
A2 := EMAANY[X[0];9;-2]

IF ( X[0] > A AND X[-1] < A1 AND X[-2] < A2 )
{
BUY{}
}
IF ( X[0] < A AND X[-1] > A1 AND X[-2] > A2 )
{
SELL{}
}

 

[sethrohit]

Hi All,
While doing reaserach reading articles and then applying them on chart I found a very good formulae, which can be used for doing trading.
If you do use iguidestocks software then check them out or convert them in amibroker's AFL or in easylanguage.
This formula is basically creates macd using MMA indicator and then generates buy/sell signal. I did backtesting and found resulr very impressive specially a very good indicator for loss cutting


@EXCELLENT FORMULA INCLUDES BUY/SELL SIGNAL WHEN TESTED ON NIFTY @STOCKS
@ GAVE VERY GOOD RESULT AND OUTPERFORM BUYHOLD STRATEGY . @CHECKOUT BY APPLYING ON DIFFERENT
@STOCKS . THIS FORMULA USE MACD AND CREATION OF MACD IS DONE @USING MMA MOVING AVERAGE INSTEAD OF EMA

#X:MMA[12;0] - MMA[26;0]
A := EMAANY[X[0];9;0]
A1 := EMAANY[X[0];9;-1]
A2 := EMAANY[X[0];9;-2]

IF ( X[0] > A AND X[-1] < A1 AND X[-2] < A2 )
{
BUY{}
}
IF ( X[0] < A AND X[-1] > A1 AND X[-2] > A2 )
{
SELL{}
}

Hi Sweta,

I am new to trading and this site as well. I don't have any system to feed n this formula. Will you be kind enough to explain them in layman language so that I can benefit from them?

thanks

 

[VJAY]

in Every 3 month sweta visit this thread and gives us new ideaaaaaaaaaaaaas..........
Thanks swetaaa

 

[sweta]

Hi Sweta,

I am new to trading and this site as well. I don't have any system to feed n this formula. Will you be kind enough to explain them in layman language so that I can benefit from them?

thanks

Well,
This formula is based on MMA(Mahesh Moving Average) here instead of using EMA( Expontial Moving Average ) MMA is used while calculating MACD. MMA moving average is not like EMA where only price is used in calculation, In this indicator price and volume both were used while creating moving average. To read more on this indicator please follow this link
http://www.iguidestocks.com/project/global/igs/mma1.html
This indicator can easily find out near average price on which investor are holding their stocks.
The same formula if you use using EMA the result are different.
After writing and applying this formula on various stocks and then while doing portfolio back testing I found this one really cut huge losses.
Currently what I am finding is for acc,cairn,dlf,drreddy,national aluminium
It is giving a sell signal.May be we can watch out how it goes

 

[bsrao]

If you do use iguidestocks software then check them out or convert them in amibroker's AFL or in easylanguage
will you please guide/elaborate how to use in iguide stocks/import ot AMI's AFL/easy language. Thanks in advance.

 

[Mangafreakz]

Saw on the site , it has 2 weeks trial , after that we have to buy it ?

 

[sweta]

If you do use iguidestocks software then check them out or convert them in amibroker's AFL or in easylanguage
will you please guide/elaborate how to use in iguide stocks/import ot AMI's AFL/easy language. Thanks in advance.

I can surely elaborate using iguidestocks 's FL but if somebody else can convert it in Amibroker or easylanguage that would be great for all as I am not comfortable with them.

To use this in iguidestocks software do following
1. Create a simple text file and copy this formula and then save it as a .fl file.
2. Click on formula editor and formula editor window will open
3. Click on open formula icon on formula editor screen and open the file name which we have saved in step 1
4. click on "apply formula on stock" and you will see buy/sell arrow
5.Now click on "backtest your strategy" icon on formula editor to backtesting your strategy.
6. Now just click on different stocks using tree panel and you will buy/sell signal for each stock and by clicking backtest you can view backtesting report

If you need additional help or think that any other formula can give better result put it in layman word and I will convert it in IGS FL for you.

I will also post some more formulas whenever I will get them.
Regards
sweta

 

[VJAY]

Hello friends,
If you are searching any free software...etc for EOD then switch off this thread search in softwares section you will find better then this......
NB:This post not for hurting anyone.....if feels sorry for that.My intention only newbies not break thier head with this s/w(am affected one)

 

[sweta]

Some more formulaes which will find good buy signal using candle stick pattern.

@THIS FORMULA WILL SHOW ONLY LONG POSITION GIVES GOOD RESULT BUT APPEAR RARELY
#HAM:HAMMER
#BEA: BEARISHENGULFING
IF ( HAM[-2] AND BEA[0] )
{
BUY{}
}




@ CANDLE - HANGING MAN/HAMMER AND CCI TRADING SYSTEM
@ENTER LONG
IF ( HAMMER AND CCI[11;0] < -50 )
{
BUY{"EN-L"}
}





@GAPUP AFTER A BULLISH ENGULFING SIGNAL A STRONG CHANGE IN INVESTOR SENTIMENT
@SHOWS ONLY LONG POSITION OCCURE RARELY
#G:GAPUP
#BUL:BULLISHENGULFING
IF ( G[0] AND BUL[-1] )
{
BUY{}
}