Nifty spot analysis BY Santhosh2010

[santhosh2010]

 

[santhosh2010]

Re: What about nifty next ? 23/10/2013 [vimalraj]

Falling wedge, yes this is very important pattern in USDINR positional chart.major trend reversal expects.....

TARGET DONE

 

[santhosh2010]

What about nifty next ??? 18/11/2013 [VIMALRAJ]

 

[santhosh2010]

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[rey7271]

hi santosh thanks for chart... i m buying bank nifty 11500 ce

 

[santhosh2010]

What about nifty next ? 19/11/2013 [vimalraj]

 

[santhosh2010]

 

[myamit]

I do not think that this is correct WW. 4th point arbitrarily taken outside the pattern. This pattern actually gives target of 440+.

Correct WW is as below. There is a slight confusion about point 4 here as it is below point 1... but I guess that should not be a big deal as pattern psychology does not affect due to that. LMK your views.

Regards,

 

[santhosh2010]

I do not think that this is correct WW. 4th point arbitrarily taken outside the pattern. This pattern actually gives target of 440+.

Correct WW is as below. There is a slight confusion about point 4 here as it is below point 1... but I guess that should not be a big deal as pattern psychology does not affect due to that. LMK your views.

Regards,

Dear myamit ,

i am not mentioned ww pattern in tatasteel ....

ACTUALLY THAT'S FALLING WEDGE PATTERN IN TATASTEEL WEEKLY CHART.....

 

[santhosh2010]

Visual BackTest for Amibroker (AFL)

//Visual BackTest for Amibroker
//Made by Sethmo (Ipeleng Molete)
//Date Made: 8 November 2013
//Feel free to use as you wish, please acknowledge the author

SetBarsRequired(-2,0);
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 ) ) ));

EMA1 = EMA(C, 5);
EMA2 = EMA(C, 10);

WMA1 = WMA(C, 5);
WMA2 = WMA(C, 10);

Color = colorBlack;

//----------------------------------------------------------//
//	TRADE CONDITIONS
//----------------------------------------------------------//

LongEntry1 = Cross(EMA1,EMA2);
ShortEntry1 = Cross(WMA2,WMA1);

LongExit1 = Cross(EMA2,EMA1);
ShortExit1 = Cross(WMA1,WMA2);

LongEntry = LongEntry1;
ShortEntry = ShortEntry1;

LongExit = LongExit1;
ShortExit = ShortExit1;

LongEntryDate = ValueWhen(LongEntry1, DateTime());
ShortEntryDate = ValueWhen(ShortEntry1, DateTime());
LongExitDate = ValueWhen(LongExit1, DateTime());
ShortExitDate = ValueWhen(ShortExit1, DateTime());

Longtrue = Flip(Longentry, LongExit);
Shorttrue = Flip(Shortentry, Shortexit);

systemState = IIf(Shorttrue AND !Longtrue, 0, //in short trade
				IIf(Longtrue AND !Shorttrue, 1, //in long trade
				IIf(!Longtrue AND !Shorttrue, 2, 3)));//ready

LongEntry = LongEntry AND systemstate == 1;
ShortEntry = ShortEntry AND systemstate == 0;

//----------------------------------------------------------//
//	TRADE MANAGEMENT
//----------------------------------------------------------//

Buy = LongEntry AND systemstate == 1;
Sell = LongExit;
Short = ShortEntry AND systemstate == 0;
Cover = ShortExit;

inlong = Flip(Buy, Sell);
inshort = Flip(Short, Cover);

realBuy = inlong AND !Ref(inlong, -1);
realSell = !inlong AND Ref(inlong, -1);
realShort = inshort AND !Ref(inshort,-1);
realCover = !inshort AND Ref(inshort,-1);

LongEntryPrice = ValueWhen(realBuy,O);
LongExitPrice = ValueWhen(realSell,O);
ShortEntryPrice = ValueWhen(realShort,O);
ShortExitPrice = ValueWhen(realCover,O);

BuyPrice = LongEntryPrice;
SellPrice = LongExitPrice;
ShortPrice = ShortEntryPrice;
CoverPrice = ShortExitPrice;

//----------------------------------------------------------//
//	PLOTTING
//----------------------------------------------------------//
LongProfit = IIf(realSell,ValueWhen(realSell,LongExitPrice - LongEntryPrice),0);
ShortProfit = IIf(realCover,ValueWhen(realCover, ShortEntryPrice - ShortExitPrice),0);

Profit = IIf(realSell, LongProfit,
		  IIf(realCover, ShortProfit, 0));

TotalLP = Sum(LongProfit, Cum(1));
TotalSP = Sum(ShortProfit, Cum(1));
Total = TotalLP + TotalSP;

LongProfitColour = colorGreen;
ShortProfitColour = colorRed;
TotalColour = colorTurquoise;

LongTrades = 0;
ShortTrades = 0;
LongWinners = 0;
ShortWinners = 0;

for (i = 0; i < BarCount - 1; i++)
{
	if(realSell[i])
	{	
		LongTrades++;	
	}	
	if(realCover[i])
	{
		ShortTrades++;
	}
	if(LongProfit[i] > 0)
	{
		LongWinners++;
	}
	if(ShortProfit[i] > 0)
	{
		ShortWinners++;
	}
}

LongWinPerc = (LongWinners/LongTrades)*100;
ShortWinPerc = (ShortWinners/ShortTrades)*100;
TotalTrades = LongTrades + ShortTrades;
TotalWinners = LongWinners + ShortWinners;
TotalWinPerc = (TotalWinners/TotalTrades) * 100;

printf("\nLong Trades: \t" + WriteVal(LongTrades, 1.0));
printf("\nShort Trades: \t" + WriteVal(ShortTrades, 1.0));
printf("\nLong Winners: \t" + WriteVal(LongWinners, 1.0));
printf("\nShort Winners: \t" + WriteVal(ShortWinners, 1.0));
printf("\nLong Win %%: \t" + WriteVal(LongWinPerc, 1.0) + "%%");
printf("\nShort Win %%: \t" + WriteVal(ShortWinPerc, 1.0) + "%%");
printf("\nTotal Trades: \t" + WriteVal(TotalTrades, 1.0));
printf("\nTotal Winners: \t" + WriteVal(TotalWinners, 1.0));
printf("\nTotal Win %%: \t" + WriteVal(TotalWinPerc, 1.0) + "%%");

if (ParamToggle("Show TRADE PROFITS?", "No|Yes", 0))
{
	Plot(Profit, "\nTrade Profit", IIf(LongProfit, LongProfitColour, IIf(ShortProfit, ShortProfitColour, colorBlue)), styleThick | styleHistogram | styleLeftAxisScale);
	Plot(0, "\n0", colorYellow, styleThick | styleLeftAxisScale);
}

if (ParamToggle("Show TOTALS?", "No | Yes", 0))
{
	Plot(totalLP, "\nTotalLP", LongProfitColour, styleLine | styleOwnScale);
	Plot(totalSP, "\nTotalSP", ShortProfitColour, styleLine | styleOwnScale);
	Plot(total, "\nTotal", TotalColour, styleThick | styleLine | styleOwnScale);
}

Plot( C, "Close", color, styleNoTitle | styleCandle );

if (ParamToggle("Show REAL TRADES?", "No|Yes", 0))
{
	PlotShapes( realBuy * shapeUpArrow, colorDarkGreen, 0, L, -50);
	PlotShapes( realSell * shapeHollowDownArrow, colorDarkGreen, 0, H, -50);
	PlotShapes( realShort * shapeDownArrow, colorDarkRed, 0, H, -50);
	PlotShapes( realCover * shapeHollowUpArrow, colorDarkRed, 0, L, -50);
}

http://www.wisestocktrader.com/indicators/4006-visual-backtest