SH's Intraday Strategy - ELH5

[gb333]

Can some help me to plot EMA in NSE TAME software..
I can plot EMA with 5 period time.. How to plot 5EMA High and 5EMA low,,, plz help...

 

[biyasc]

even one can plot 5 ema high/low in PIB (power indiabulls) ........

 

[gb333]

Define me the process how to plot it in chart...

 

[gb333]

Ok can u tell me
5 EMA high period set as 5 and what about 5 EMA low period...

 

[biyasc]

Ok can u tell me
5 EMA high period set as 5 and what about 5 EMA low period...

its also 5.

 

[aryabhatta]

Ok can u tell me
5 EMA high period set as 5 and what about 5 EMA low period...

period has to be a number in this case its set to 5

you can apply the ema to a variety of variables, close,open,high,low, O+C+H/3, etc .... in this case you should select "high" for one ema and "low"for the other.

a word of caution: if you are new to trading based on TA it may not be advisable to trade the intraday timeframe initially.

 

[VJAY]

Dear TWH ,
So one more gem .Sure it will help many to make profits in trading without much TA ....using simple ema....and do mechanical.....that's it....
Thanks for disclosing one by one methods of yours.......

 

[VJAY]

Dear friends,
Can any one make an AFL for this method... buy/sell signal when actual entry comes...means after closing consecutive 2 bars abv/blw as per strategy and price retraces touch 5ema line then need buy/sell signal.....
Hope some one expert in afl will share the same with us......

 

[VJAY]

Dear TWH,
I had doubt...when our 1st trade is long & hit target...that time (hit target)closed 2 bars above ema..then can we again enter long when retrace happen?
Ex:look todays trades our target hit on 11.20 bar...and it closed abv ema...next bars also closed above ema so you not took another long when retrace came 11.35 bar......

So we taking 1 long & 1 short then next long...short...never take long trade after 1long trade hit target...Is it right?

 

[daitya]

I know nothing about NSE TAME real time feed... basically your charting software should be able to plot EMAs not just for closing price .. but also for opening price, highs and lows.

I use Icharts premium for Nifty futures and their software allows plotting EMAs on highs and lows. I think AMibroker, Metatrader etc also allows them to be plotted.

Cheers
SH

One can use following afl for amibroker for trigger only if he is having live data..

/////SH Intraday Statregy - ELH5/////////////////
_SECTION_BEGIN("Price");
SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) Vol " +WriteVal( V, 1.0 ) +" {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 )) ));
Plot( C, "Close", ParamColor("Color", colorBlack ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() );
if( ParamToggle("Tooltip shows", "All Values|Only Prices" ) )
{
ToolTip=StrFormat("Open: %g\nHigh: %g\nLow: %g\nClose: %g (%.1f%%)\nVolume: "+NumToStr( V, 1 ), O, H, L, C, SelectedValue( ROC( C, 1 )));
}

Plot(a=EMA(H,5),"H5",1,1);
Plot(b=EMA(L,5),"L5",1,1);

Buytrigger = C>a AND Ref(C,-1) > Ref(a, -1);
selltrigger = C<b AND Ref(C,-1) < Ref(b, -1);

shape=Buytrigger*shapeUpArrow + selltrigger*shapeDownArrow;
PlotShapes(shape,IIf(Buytrigger,colorBlack,colorBlack));

//////////////end of code///////////