Set-Ups disscused & practised @ Nifty Futures Trading Thread.

[orderflow13]

How can you use the Heikin-Ashi chart in your trades?
Have both the candlestick and Heikin-Ashi on your chart and add a 14, 7, 3 Stochastic. Buy when both of the Stochastic fast and slow lines go up from the oversold area and at the same time both the candlestick and Heikin-Ashi charts show reversal signals. Sell when both of the Stochastic fast and slow lines go down from the overbought area and at the same time both the candlestick and Heikin-Ashi charts show reversal signals.

am i reading h-a right ? plz add comments,inputs,arguments, always thankful

 

[orderflow13]

just cant resist to add b4 goin2sleep ( & to confirm my night watchman place 4sure).. was looking at 3 year s&p 500 chart, there seems to be clear cut bullish divergence among rsi, and slow stochastic
Any comments ??

 

[vvvv]

i use the HA candles only for seperaing out the noise in a swing.though it luks like the holy grail of trading,it is not.
i am a trend follower & my way of identifying trends is the way saint has taught.my definition of pivots is strictly as per definition.HA candles just seperate out the noise.it works well with pivots & trends.it luks wonderful on the left side of the chart like elliot waves,wolfe wave,fibonacci etc,etc
but taking buy/sell decisions based solely on it wud be foolishness.
another way u can use HA candle is using the low as a stoploss.
for ex : u can set the low of the last 3 HA candle as ur stoploss.
candlesticks work very well with stochastics.
the last candle on the nifty was a blue doji with a higher low,which means the earlier HA candle was the bottom..yes it tells u abt a bottom reversal but thts it.nothing more.
the stochastics setting i mentioned earlier is wht i found from the net.i dont use it.
another thing u must know is that HA candles smoothens out allthe gaps.u wont find any gaps with HA candlechart.
if u cum up with sumthing new with HA let us know

see how beautiful the chart luks with HA candles.so much money to be made if u just followed them.but then ,did u know tht this thing was going to happen...they say "CATCH THEM YOUNG"...tht is wht have to be done &still trying to figure out how.

 

[vvvv]

hi alex..see if this SAR system by welles wildermaks any sense to u.formula is for amibroker AFL.

AFL for The Volatility System after Welles Wilder Jr
Book: New concepts in technical trading systems, 1978



_SECTION_BEGIN("volatility_system");
/*

The Volatility System after Welles Wilder Jr
Book: New concepts in technical trading systems, 1978

Translation in Amibroker Formula Language (AFL)
by: Edward Pottasch, [email protected]
created: October 18, 2004

*/

SetBarsRequired(100000,100000);

// setting for use in portfolio trading
SetOption("MaxOpenPositions", 25 );
PositionSize = -15;
SetTradeDelays(0,0,0,0);
PositionScore = 50 - RSI(14);

// constant (any number between 2.80 and 3.10)
const = 3.0; //const = Optimize("const", const, 0.5, 5, 0.1 );

// period over which ATR is calculated
period = 7; //period = Optimize("period", period, 1, 50, 1 );

// ARC
ARC = const * ATR(period);

// SIC (significant close) + / - ARC
SAR_long = Ref(HHV(C,period) - ARC,-1);
SAR_short = Ref(LLV(C,period) + ARC,-1);

// initialize storage array
SAR_plot = 0;
Buy = Short = Sell = Cover = 0;

// initialize position
lpos = 0;
spos = 0;

//
for (i = 0; i < BarCount; i++) {

if (lpos == 0 AND spos == 0) {

if (C[ i ] < SAR_long[ i ]) {

Short[ i ] = 1;
ShortPrice[ i ] = C[ i ];
spos = 1;

} else if (C[ i ] > SAR_short[ i ]) {

Buy[ i ] = 1;
BuyPrice[ i ] = C[ i ];
lpos = 1;

}

SAR_plot[ i ] = Null;

} else if (lpos == 1 AND spos == 0) {

// update SAR for chart
SAR_plot[ i ] = SAR_long[ i ];

// check if we need to reverse
if (C[ i ] < SAR_long[ i ]) {

Sell[ i ] = 1;
SellPrice[ i ] = C[ i ];
lpos = 0;

Short[ i ] = 1;
ShortPrice[ i ] = C[ i ];
spos = 1;

}

} else if (lpos == 0 AND spos == 1) {

// update SAR for chart
SAR_plot[ i ] = SAR_short[ i ];

// check if we need to reverse
if (C[ i ] > SAR_short[ i ]) {

Cover[ i ] = 1;
CoverPrice[ i ] = C[ i ];
spos = 0;

Buy[ i ] = 1;
BuyPrice[ i ] = C[ i ];
lpos = 1;

}

}

}


// Price chart
Plot(C,"",1,64);

// SAR (Stop and reverse points)
Plot(SAR_plot,"SAR", colorGold, styleDots | styleNoLine);

// buy, sell, short and cover symbols
PlotShapes(IIf(Buy,shapeUpArrow,0),colorWhite, layer = 0, yposition = BuyPrice, offset = 0 );
PlotShapes(IIf(Sell,shapeDownArrow,0),colorYellow, layer = 0, yposition = SellPrice, offset = 0 );
PlotShapes(IIf(Short,shapeHollowDownArrow,0),colorLightBlue, layer = 0, yposition = ShortPrice, IIf(Sell,offset = -15,offset = 0) );
PlotShapes(IIf(Cover,shapeHollowUpArrow,0),colorGold, layer = 0, yposition = CoverPrice, IIf(Buy,offset = -15,offset = 0) );
_SECTION_END();

 

[praveen taneja]

just cant resist to add b4 goin2sleep ( & to confirm my night watchman place 4sure).. was looking at 3 year s&p 500 chart, there seems to be clear cut bullish divergence among rsi, and slow stochastic
Any comments ??

ohh my god see the time of ur post sir when u sleep .day time trading night dow between charts really amazing u are

 

[orderflow13]

vikram
nice add ins, will look at sar after market hours,fchart programmer once mentioned psar formula is most complex and easy to use hahaha.. we can see it now why.. .
ha, chart was good, lol obviously on left side
P.S. I use fchart pro, so formula is same for amibroker and fchart? or i need to tweak ? i got the idea how they created the formula, hope i manage to make few tweaks in my psar

 

[orderflow13]

ohh my god see the time of ur post sir when u sleep .day time trading night dow between charts really amazing u are

praveen papi pet ka saval he

 

[orderflow13]

Vikram
About sar afl, i just backfilled by amibroker for sar experiments.But i didnt notice b4, above formula of sar is too much aggressively tweaked.CONSTANT value has been increased out of proportion.u can see on ur chart how it failed to give sell signals( just b4 the big rally )
Some one is tweaked it with bullish instincts.Agreed that chart is bullish overall, but on far left side it didnt generate sell at all.I am not in favor of lot of tweaking of a sole indicator, but in favor of mixing with two diff characters, as price and volume, direction and volatility etc.... anyway I am looking for how we negotiate range bound market.looking for mixing it with adx,or vix or volume candles,l... will try afl builder might take lot of days,months as all Greek for me, never used ami b4....will update my tests

 

[vvvv]

Vikram
About sar afl, i just backfilled by amibroker for sar experiments.But i didnt notice b4, above formula of sar is too much aggressively tweaked.CONSTANT value has been increased out of proportion.u can see on ur chart how it failed to give sell signals( just b4 the big rally )
Some one is tweaked it with bullish instincts.Agreed that chart is bullish overall, but on far left side it didnt generate sell at all.I am not in favor of lot of tweaking of a sole indicator, but in favor of mixing with two diff characters, as price and volume, direction and volatility etc.... anyway I am looking for how we negotiate range bound market.looking for mixing it with adx,or vix or volume candles,l... will try afl builder might take lot of days,months as all Greek for me, never used ami b4....will update my tests

i dont use it. u were interested in PSAR..so i posted it. why dont u try ATR.

 

[vvvv]

hi alex,
have u tried trading with the macd by kartik.
since ur a fan of macd & adx...ull love it.
wht i heard is this guy used to successfully trade with it