In Search of a system that need no chart no TA/FA

This type of system In This world


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asnavale

Well-Known Member
For an approximation of ATP, I think this should work, especially on lower timeframes like 1 minute charts.

Σ(Close*Volume)/Σ(Volume)

sum of (close*volume) of each bar divided by total volume of the day.
This cumbersome calculation for each bar is not required. As you need previous day's ATP, you can get the previous day's Total traded quantity(no. of shares for cash, no. of contracts for F&O) and total turnover from NSE Bhavcopy. Now divide the total turnover by total traded quantity. You get average price per share(for cash) or average price per contract (for F&O). In case of F&O further divide the ATP per contract by lot size. This gives you the ATP for F&O.

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asnavale

Well-Known Member
The strategy of karthik is simple yet effective, but at 1 place i am stuck, ie how could I draw the ATP line on amibroker charts???:confused:
Do you really want to draw a line. Can't you keep it in memory? It is just one value to remember. If you still want to draw a horizontal line, you can click on the line drawing tool bar to select horizontal line and draw it on the chart any where. Then right click on the line and in properties set the Y-value equal to the ATP. You get the horizontal line on the chart. Next day if you want to draw another line for that day's ATP, simply right click the existing horizontal line, set the Y value to new ATP.

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