open = high , open = low ,finder [ excel sheet ]

rkkarnani

Well-Known Member
#19
Have this AFL for similar purpose :

Buy = Open == Low;

Sell = Open == High;

Noise = High > Close;

AddColumn(Open,"Open");
AddColumn(Close,"Close");
AddColumn(High,"High");
AddColumn(Low,"Low");

Filter= (Buy OR Sell) AND Noise;

AddColumn(IIf(Buy,Open,Null)," open=low ", 6.2,1.2,colorGreen);
AddColumn(IIf(Sell,Open,Null)," open= high ",6.2,1.2,colorOrange);

this is just exploration , which will give results..

1. If Open = low , and volume is good , most probably the stock is can be bought for long with that day as LOW as Stop loss..

2. If open = high , short the stock with stop loss as Day high..

Trust this will help..
The person who made the AFL writes :

Hi ,

THis is excellent indicator for intraday trading.. 90 percent success.

and very easy..

No charts.. just scan in the first one hour and see the magic..

Please do not ask me for clarifications.. I dont use Amibroker!! :(