Recent Articles

MCX Launches mini crude oil future contract for trading

MCX after getting approval from FMC has launched mini crude future contract with lot size of 10 barrels , which is 1/10th of the regular crude oil contract. This is a boon for small time speculators and SMEs who use this for hedging purpose as this will help then in better risk management.

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Two main mistakes made by a trader and how to overcome them

Trading is a challenging career and it looks very difficult to master until you start consistently making money. There are lot of challenges faced by a trader whether its day trading or swing trading or positional trading. These challenges are both internal to the trader and external like market forces. These challenges and pressure forces the trader to make several mistakes.

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Amibroker AFL code snippet for creating Keltner Channel volatility indicator

Keltner Channel is a volatility based indicator which has middle line , upper band and lower band. The concept is similar to Bollinger Bands, but varies in the way its calculated. Bollinger Bands are calculated using Standard Deviations, whereas Keltner Channel bands are usually calculated using Average True Range (ATR).

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Amibroker AFL code snippet for calculating Bollinger BandWidth and Bollinger %B

Bollinger band is an universally used volatility indicator by traders to identify squeeze and breakouts. There are couple of indicators derived out of Bollinger Bands and they are Band Width and Bollinger %B. In Amibroker Formula Language you need to calculate them before using them as there is no inbuilt indicator.

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Amibroker AFL Code Snippet to identify new day

Some things as simple as identifying new day might be complex for a new AFL programmer. Following is the Amibroker Formula Language snippet for identifying new day. If your backtesting or trading system requires identifying new day and then use this information further for other analysis , then you can use this block of code after testing it for accuracy.

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Recent Questions

Question submitted by Abraham - 19, Jan 2018

how to avoid repeat signals when the condition changes

Hi, I have a code to buy when the RSI<40 in a day chart. It generate signal when it is less that 40. But the RSI keeps going above 40 and below 40 for some time and during all the time when the RSI goes below 40 buy signal is generated. I want the si

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Question submitted by Kirr - 12, Jan 2015

What is adjusted closing price and actual closing price of a stock?

Just wanted to know what is difference between actual closing price and adjusted closing price of a stock

Answers »       equity

Harish - answered the above question

Question submitted by Raghu - 12, Jan 2017

Bollinger Bands

Is bollinger bands an useful indicator? How are bollinger bands values calculated? How can it be used for trading?

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Question submitted by Raghu - 10, Jan 2017

Commodity Channel Index (CCI)

Is Commodity Channel Index (CCI) an usful indicator? How is CCI calculated? How can it be used for trading?

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Question submitted by amdrd - 09, Jan 2017

connection Amibroker Trial version to Interactive Broker

Is it possible connect the Amibroker trial version to Interactive Broker demo account to send orders from automatic systems in AFL? I would like to test this option before purchasing the Amibroker Platform Thank you

Answers »       amibroker

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Question submitted by Raghu - 09, Jan 2017

Not able to put the 200 EMA indicator on the nifty futures chart

I use zerodha. I day trade nifty futures. In the nifty futures daily chart for the current series (Jan 2017), i am able to see prior data only until Nov 2016 hence i am not able to put the 200 EMA indicator on the nifty futures chart. Please let

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Question submitted by Prathvi - 03, Dec 2016

High Frequency Trading

Is it true that high frequency traders prove to be a disadvantage for normal traders due to benefits like co location? if yes how is it affecting the normal traders ?

Answers »       day_trading

Harish - answered the above question

Question submitted by Kirr - 20, Jan 2015

What is the NSE symbol for Bajaj Auto script

Please let me know the symbol name for Bajaj auto for NSE exchange

Answers »       equity

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Recent Posts

Raghu (31, Jul 2014) » Harish - IFB Industries has given me 100% returns in a short span. What do you recommend buy, hold or sell?

Raghu (31, Jul 2014) » Harish - IFB Industries has given me 100% returns in a short span. What do you recommend buy, hold or sell?

Harish (09, Jul 2014) » FII sell data was not bad compared to the market fall yesterday. Some highly speculative counters got hammered yesterday

Harish (08, Jul 2014) » Today down move just broke the pre budget rally which started couple of days back. I am looking at 7650 level in Nifty and whether high volume support and buying would come at this point

BobTheTrader (13, Jun 2014) » Infy started showing some strength today compared to market. Are professionals interested in this stock after new CEO announcement?

Kirr (11, Jun 2014) » HPCL showing good strength today after yesterday's correction. Up more than 3% and trading at around Rs 444. Need to watch out 450 level

Harish (09, Jun 2014) » Infy -- Last 2 days during post lunch session buying was seen in this counter and Infy recovered from day's low. Whether same pattern will play out today also?

Harish (09, Jun 2014) » Oil and Gas stocks like Reliance and HPCL showing some weakness at opening. These were the leaders in last weeks rally

Kirr (06, Jun 2014) » ICICI Bank displaying good relative strength compared to the general market. Up around 2.5%

BobTheTrader (03, Jun 2014) » Tata Steel displaying strength. Up more than 3.5%

Kirr (03, Jun 2014) » Yesterday there was some buying seen in Infy. Have we seen the near term bottom for Infy? Is this a good bet for contra traders.....

Kirr (02, Jun 2014) » Need to see whether today's Nifty strength can be brought into? Is anyone following selling on raise strategy for Nifty?????

Harish (29, May 2014) » Infy down more than 6%.

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