Don't think there is any merit in this logic (above 9 rules as not read the link).
Interested in using volume can also try VSA, or Market Profile
BTW, the AFL for the above 9 rules is v easy to code
Here goes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Interested in using volume can also try VSA, or Market Profile
BTW, the AFL for the above 9 rules is v easy to code
Here goes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Code:
_SECTION_BEGIN("Price");
SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ));
Plot( C, "Close", ParamColor("Color", colorDefault ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() );
_SECTION_END();
_SECTION_BEGIN("GUPTAJI KA SYSTEM");
STD_Vol = MA(V,240); //Aprox 1 year average on daily chart
STD_Prc = MA(C,240); //Can change the num 240 as required
Hi_Vol = V >= STD_Vol * 3; // V 3 times normal
Lo_Vol = V <= STD_Vol / 2; // V 1/2 normal
Hi_Prc = C >= STD_Prc * 1.20; // 20% more
Lo_Prc = C <= STD_Prc * 0.85; // 15% less
Md_Vol = V > STD_Vol*0.95 AND V < STD_Vol*1.05; // 5% band for medium values
Md_Prc = C > STD_Prc*0.95 AND C < STD_Prc*1.05;
//1: If [volume is low] and [price is low] then Buy....
//4: If [volume is low] and [price is medium] then Buy..
//8: If [volume is high] and [price is low] then Buy...
Buy = (Lo_Vol AND Lo_Prc) OR (Lo_Vol AND Md_Prc) OR (Hi_Vol AND Lo_Prc);
Sell = (Hi_Vol AND Hi_Prc) OR (Lo_Vol AND Hi_Prc) OR (Md_Vol AND Hi_Prc);
//3: if [Volume is High] AND [price is High] then Sell...
//5: if [Volume is Low] AND [price is High] then Sell.....
//7: if [Volume is medium] AND [price is High] then Sell....
Hold_It = "Don't do no nothing ;)";
//2: if [Volume is medium] AND [price is medium] then Hold...
//6: if [Volume is medium] AND [price is Low] then Hold....
//9: if [Volume is High] AND [price is medium] then Hold....
Buy = ExRem(Buy,Sell); Sell = ExRem(Sell,Buy);
PlotShapes(Buy+Sell*2,colorRed,0,IIf(Buy,L,H));
Plot(STD_Prc,"STD_Prc",colorBlueGrey);
Plot(STD_Vol,"STD_Vol",colorLightGrey, styleThick | styleOwnScale,0,HighestVisibleValue(V)*2);
Plot(IIf(V>0,V,Null), "Volume", IIf(Hi_Vol, colorRed, IIf(Lo_Vol, colorBlue, colorLightGrey)), styleThick | styleHistogram | styleOwnScale,0,HighestVisibleValue(V)*2);
_SECTION_END();
