Pivot Trading- a new way of Trading

NANDAMAD

Well-Known Member
Hi Subadhip,

Thank you for adding value here. I used to trade positional using only candles and MA but pivot trading has added a new dimension to my trading. In Fact I Entered Exide Industries for positional recently at 144.90 based on the 21SMA 8 EMA Method.. Thanks and keep teaching.. :):clap:
Bro pl give link of 2
21 SMA and 8 EMA mthod
 
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Bro pl give link of 2
21 SMA and 8 EMA mthod
Bro,
You can start reading the posts from #789. Subhadip has outlined the method in the following posts #789, #790, #791, #793, #798, #807. I would suggest you read posts after #789 because other members have posted their understandings of trades and subhadip has provided his views.. So, it would be helpful to see how others have understood and how subhadip has corrected them

Cheers,
 

anilnegi

Well-Known Member
Dada,do you follow Pratap Sir's vwap-ama system?
mungus

where is this system, i have heard a lot about this vwap system

thanks
 

Mungus

Well-Known Member
I'm going thru this thread and found out that many here trading 2MA with Equity,so my small query:If you have 1L capital,how many shares generally do you buy?(consider stock price is 450rs)
Do you use leverage as Zerodha gives 8-10 times on Equity?

And what is the meaning of trade SL?
 
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PUCHU_2500

Well-Known Member
wisp,this afl is awesome,but i cant see,o-h-l-c,date etc in the title.
Can you add a code for that please?
afl ???................let me search......try to post tomorrow ......
 

Mungus

Well-Known Member
AFL is Here Puchu-

Yes, you can use any combination of time..

Two tf afl

Code:
_SECTION_BEGIN("2 Timeframes Candlestick Bar Chart");
// Specially designed for use in day trading and to save chart space. This chart will displays 2 sets
// of candlestick bars. One for the time interval set for your chart- for example 1 Minute. 
// The higher timeframe candlestick bars are created by using gfx low-level graphics AND will display  
// according to the parameters you set- for example 5 minutes.   shared by him on the AmiBroker List. 
// It uses TimeFrame functions with the PlotOHLC function using styleCloud. So I was thinking it would look 
// very nice using low-level graphics instead. Little bit more complicated, but I got a few great pointers from Herman!

// If your chart background turns pink- please read the error message in the upper left corner of the chart.
// Then please observe this AFL code uses ColorBlend(ColorFrom, ColorTo, Factor) which was introduced in Version 5.21 beta.
// The rules are simple- time frames from 1 up to 60 minutes AND Lower time frame must be smaller than the Higher time frame.

Version(5.21); 
SetChartOptions(2, chartShowDates);
Title = Name();
//XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
// PARAMETERS AND SETTINGS:
//XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
ChartLum 		= Param("Chart Background Color Intensity", 0.40, 0, 1, 0.01);
TFMinShort		= Param("Short Timeframe (Minutes)", 1, 1, 60, 1);
TFMinLong 		= Param("Long Timeframe (Minutes)", 5, 1, 60, 1);
OnSTFBars		= ParamToggle("Short TF Bars", "Off, On", 1);
OnLTFBars		= ParamToggle("Long TF Bars", "Off, On", 1);
BarLum1 		= Param("Short TF Bar Color Intensity", 0, 0, 1, 0.01);
BarLum2 		= Param("Long TF Bar Color Intensity", 0.70, 0, 1, 0.01);

SetChartBkColor(ColorBlend(colorLightBlue, colorWhite, ChartLum));
// Bar Colors for the Short Timeframe candlestick bars:
LineColor 		= ColorBlend(colorBlack, colorWhite, BarLum1);
UpBarColor		= ColorBlend(colorBrightGreen, colorWhite, BarLum1);
DnBarColor		= ColorBlend(colorRed, colorWhite, BarLum1);
// Bar Colors For The Long Timeframe candlestick bars:
TFLineColor 	= ColorBlend(colorBlack, colorWhite, BarLum2 - 0.1);
TFUpBarColor	= ColorBlend(colorBrightGreen, colorWhite, BarLum2);
TFDnBarColor	= ColorBlend(colorRed, colorWhite, BarLum2);
//XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
// FUNCTIONS:
//XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
function GetVisibleBarCount() 
{ 
 lvb = Status("lastvisiblebar"); 
 fvb = Status("firstvisiblebar"); 
 return Min( Lvb - fvb, BarCount - fvb ); 
} 

function GfxConvertBarToPixelX( bar ) 
{ 
 lvb = Status("lastvisiblebar"); 
 fvb = Status("firstvisiblebar"); 
 pxchartleft = Status("pxchartleft"); 
 pxchartwidth = Status("pxchartwidth"); 
 return pxchartleft + bar  * pxchartwidth / ( Lvb - fvb + 1 ); 
} 

function GfxConvertValueToPixelY( Value ) 
{ 
 local Miny, Maxy, pxchartbottom, pxchartheight; 
 Miny = Status("axisminy"); 
 Maxy = Status("axismaxy"); 
 pxchartbottom = Status("pxchartbottom"); 
 pxchartheight = Status("pxchartheight"); 
 return pxchartbottom - floor( 0.5 + ( Value - Miny ) * pxchartheight/ ( Maxy -
Miny ) ); 
} 

StaticVarKey = Name();
procedure xStaticVarSet(SName, SValue)
{
 global StaticVarKey;
 if (StaticVarKey != "")
 	StaticVarSet(Sname + StaticVarKey, Svalue);
}
//XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
// MAIN PROGRAM:
//XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
if(Interval() != TFMinShort * 60)
{
// Title = Title + "\n" + "\n" + "ALERT, ALERT, ALERT!!!" + "\n" + "Set the chart
//time Interval to: " + NumToStr(TFMinShort, 1.0, 1) + 
//					" Minute(s) or change the Short Timeframe Parameter setting.";
 OnSTFBars		= 0;
 OnLTFBars		= 0;
 SetChartBkColor(colorRose);
} 

if(TFMinShort >= TFMinLong)
{
// Title = Title + "\n" + "\n" + "ALERT, ALERT, ALERT!!!" + "\n" + "The Long
//Timeframe setting must be longer than the Short Timeframe!";
 OnSTFBars		= 0;
 OnLTFBars		= 0;
 SetChartBkColor(colorRose);
}

if(OnSTFBars)
{
 BarColor		= IIf(Close > Open, UpBarColor, DnBarColor);
 SetBarFillColor(BarColor);
 Plot(Close, "", LineColor, styleCandle);
}
else
 Plot(Close, "", colorBlack, styleCandle  | styleNoDraw);

TFSec = in1Minute * TFMinLong; 
TimeFrameSet(TFSec); 
TFOpen 			= Open; 
TFHigh 			= High; 
TFLow 				= Low; 
TFClose			= Close; 
TFBarIndex			= BarIndex();
TFLastBarIndex	= LastValue(BarIndex());
TimeFrameRestore(); 

TFOpen 			= TimeFrameExpand(TFOpen, TFSec, expandFirst); 
TFHigh 			= TimeFrameExpand(TFHigh, TFSec, expandFirst); 
TFLow 				= TimeFrameExpand(TFLow, TFSec, expandFirst); 
TFClose			= TimeFrameExpand(TFClose, TFSec, expandFirst);
TFBarIndex			= TimeFrameExpand(TFBarIndex, TFSec, expandLast + 1);
TFLastBarIndex	= TimeFrameExpand(TFLastBarIndex, TFSec, expandLast + 1);

CandleTop 			= Max(TFOpen, TFClose); 
CandleBottom		= Min(TFOpen, TFClose); 
//============================================================================
// GFX LOW-LEVEL GRAPHICS SECTION.
// DRAWING THE LONG TIMEFRAME CANDLESTICK BARS:
//============================================================================
if(OnLTFBars)
{ 
 GfxSetOverlayMode(1); 
 AllVisibleBars 	= GetVisibleBarCount(); 
 fvb				= Status("firstvisiblebar"); 
 ChartWidth		= GfxConvertBarToPixelX(AllVisibleBars );
 PixBar 			= ChartWidth / AllVisibleBars;
 Adjust			= Pixbar * 0.35;
 TFMinutes 		= TFMinLong / TFMinShort;
 NewTFBar 			= IIf(TFBarIndex != Ref(TFBarIndex, -1), 1, 0);
 BarInd			= BarIndex();
 TFLastBarIndex	= LastValue(TFLastBarIndex);

 // DRAW BAR HISTORY AND THE CURRENT BAR:
 for(i = 0; i < AllVisibleBars; i++) 
 {
  x1 = GfxConvertBarToPixelX(i) * NewTFBar[i + fvb] - Adjust;
  if(BarInd[i + fvb] < TFLastBarIndex AND NewTFBar[i + fvb] == 1)
	 {
		Counter = 0;
		for(n = i + 1; NewTFBar[n + fvb] == 0 AND n + fvb < BarCount-1; n++)
			Counter++;
		x2 = GfxConvertBarToPixelX(i + Counter) * NewTFBar[i + fvb] + 1 + Adjust;
	 }

  if(TFBarIndex[i + fvb] == TFLastBarIndex)
 	x2 = GfxConvertBarToPixelX(i + TFMinutes - 1) * NewTFBar[i + fvb] + 1 +
Adjust;

   y1 = GfxConvertValueToPixelY(CandleTop[i + fvb]); 
   y2 = GfxConvertValueToPixelY(CandleBottom[i + fvb]); 
   yH = GfxConvertValueToPixelY(TFHigh[i + fvb]);
   yL = GfxConvertValueToPixelY(TFLow[i + fvb]);

   // Candle Body:
   GfxSelectPen(TFLineColor, 0);
   FillColor = IIf(TFOpen[i + fvb] < TFClose[i + fvb], TFUpBarColor,
TFDnBarColor);
   GfxSelectSolidBrush(FillColor); 
   if(y1 == y2){y1 = y1 - Adjust; y2 = y2 + Adjust;
GfxSelectSolidBrush(TFLineColor);}
   if(x1 > 0){
   GfxRectangle( x1, y1, x2, y2); 
   // Candle High and Low:
   GfxSelectPen(TFLineColor, 2);
   GfxMoveTo(x2+(x1-x2)/2, y1);
   GfxLineTo(x2+(x1-x2)/2, yH);
   GfxMoveTo(x2+(x1-x2)/2, y2);
   GfxLineTo(x2+(x1-x2)/2, yL);
   RequestTimedRefresh(0); 
	}
 } 
}
_SECTION_END();
 

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