Systems for three market types- trending, nontrending, volatile

If anybody is in need of 1-2-3 strategy pdf, PM me i will send the link of the same.


Today's Nifty chart.

It seems that the second 1-2-3 setup would have stopped out (depending upon your SL). However the third 1-2-3 setup ( which is not in this chart, but whose buy is marked by the last red arrow) would have given profit. Have I read the chart correctly?

hello suri,

do you have the amibroker afl for the 123 trading signal...


thanks

Nice charting burai. Keep it up.

What is your charting software?

@suri,

someone had coded 123 long setup ...

// Connor/Cooper 1-2-3 setup (long) for 1-2-3-4 trade send to watchlist # 16
// Coded by Patrick Hargus -- Mar, 2001, updated for parameters and other improvements to ver 4.7

w = Param("Empty Watchlist First? Yes = 1, No = 2" , 2, 1, 2, 1);
w1 = Param("Autofill Watchlist? Yes = 1, No = 2" , 1, 1, 2, 1);
x = Param ( "Add Results to an Existing Watchlist? Yes = 1, No = 2" , 2 , 1 , 2 , 1 ) ; // select whether to add results to watchlist or not
y = Param("Set Watchlist Number", 16, 2, 60, 1); // sets the watchlist number, but reserves the first 2 and last 4 watchlists
Clear = IIf(w ==1, x==2, 0); if( LastValue(Clear) ) {CategoryRemoveSymbol("", categoryWatchlist, y); }


// -------- Parameter Variables for Exploration --------------------------------
TCH = Param("High close value ", 150, 5, 300, 0.5);
TCL = Param("Low close value " , 5, 1, 10, 0.25);
AVP = Param("Period for Avg Vol " , 21, 10, 240, 1);
SV = Param("Stock minimum Avg Vol " , 125000, 50000, 1000000, 5000);
My_Conditions = Close >= tcl AND Close <= tch AND MA( Volume, avp ) > sv ;

Setup = Param("********** Run As Check for 1-2-3 Setup (1) or Day 4 Entry (2) ************ ", 1, 1, 2, 1);

AP = 14; // ADX Period
A = Param("Filter by ADX above " , 30, 0, 60, 1) ; // C & C said stock must have an ADX value > 30, the higher the better
CL = Param(" Close below yesterday's High? Yes = 1, No=2" ,2,1,2,1); // This is an optional filter I have devised
CU = Param("Close above Open Required? Yes = 1, No = 2" , 2,1,2,1); // This is an optional filter I have devised
z1 = Param("PDI > MDI Required Yes = 1, No = 2", 1,1,2,1); // C & C said +DI must be > -DI

PH1 = Param(" Short Highest High Period", 5, 2, 21, 1); // short period to check for recent high
PH2 = Param(" Long Highest High Period" , 21, 5, 65,1); // long period to check for recent high
z2 = Param("Optional: HHV(H) of short period > HHV(H) of prior long period required? Yes = 1, No =2", 2,1,2,1); // an optional filter I have devised

My_Other_Conditions =
ADX() >= A
AND IIf( CL==1, C <= Ref(H,-1), C=C)
AND IIf( CU==1, C>O, C=C)
AND UT = IIf(z1==1, PDI()>MDI(), C=C)
AND HH = IIf(z2==1, HHV(H,PH1) >= Ref(HHV(H,PH1),-PH2) , C=C) // look for stocks whose highest high in last __ days >= that of prior __ days
;

// ***** THE BASIC 1-2-3 setup to go long *********

Long123 =
(
// 3 lower lows
( Ref(L,-2)<Ref(L,-3) AND Ref(L,-1)<Ref(L,-2) AND L <Ref(L,-1) ) OR
// Inside, Low, Low
( ( Ref(H,-2) <= Ref(H,-3) AND Ref(L,-2) ) <= Ref(L,-3) AND Ref(L,-1)<Ref(L,-2) AND L < Ref(L,-1) ) OR
// Low, Inside, Low
( Ref(L,-2) < Ref(L,-3) AND ( Ref(H,-1) <= Ref(H,-2) AND Ref(L,-1) <= Ref(L,-2) ) AND L < Ref(L,-1) ) OR
// Low, Low, Inside
( Ref(L,-2)< Ref(L,-3) AND Ref(L,-1)< Ref(L,-2) AND ( H <= Ref(H,-1) AND L <= Ref(L,-1) ) )
)
;
// Day-4 condition
TE = Param("Recommended entry, Trade above high by __" , 0.05 , 0.01, 0.75, 0.005); // enter trade above prior day high -- C & C said .125, in pre decimal days; I find .05 works well now
Entry_Day4 = C > Ref(H,-1) + TE ;

Filter = IIf(setup == 1, (Long123 AND My_Other_Conditions AND My_Conditions) , ( Ref( Long123 ,-1) AND ( My_Other_Conditions AND My_Conditions AND Entry_Day4) ) );


Buy = Filter;
autoFILL = IIf( w1==1, Filter,0 ) ;
Add = IIf( x==1, Filter , 0 ) ;
if( LastValue( Add OR autoFill ) )
{ CategoryAddSymbol( "", categoryWatchlist, y ); }




// -------------- Organize the exploration results ------------------------------------

MAP = Param("For Output Info: Close above the SMA of " , 9, 1, 55) ; // moving average period for stocks to close above, optional info I find useful
TD = Param("Rec Entry and Stop based on Today (1), Yesterday (2) ", 1, 1, 2, 1); // C & C said entry should be .125 > the day 3 High -- this setting allows to check during day 4
RecEnt = IIf( TD==1, H+TE, Ref(H,-1) +TE);
PStop = IIf( TD==1, L, Ref(L,-1) );

AddTextColumn(IndustryID(1) ,"Industry Sector ", 30.0, colorBlue, colorYellow);
AddColumn(C, "Last ",2.2, colorWhite,colorBlue);
AddColumn(H, "High", 2.2, colorGreen );

AddColumn(RecEnt, "Recommend Entry",2.2,colorDarkRed,colorLightGrey );
AddColumn(PStop, "Proctective Stop ~ ", 2.2, colorWhite, colorPlum);
AddColumn(IIf(TD ==1, HHV(H,3), Ref(HHV(H,3),-1) ) , "BO > HHV(H, 3)", 2.2, colorYellow, colorBlue);
AddColumn(ADX(AP), "ADX ",2.1,colorBlue,colorYellow );

AddColumn(V, "Today's Volume ", 8.0, colorWhite,colorGreen );
AddColumn((V/Ref(MA(V,21),-1)*100),"% Of Avg Vol", 2.2,colorGreen, colorGold );
AddColumn(Ref(MA(V,21),-1), "21 D AVG VOL",1.0, colorWhite, colorDarkGrey);

AddColumn(O,"Open ", 2.2,colorYellow, colorBlue );

AddColumn( H-L, "Today's Range", 2.2, colorWhite, colorBlue);


AddColumn(MA(C,MAP),WriteVal(MAP,2.0)+" d SMA",2.2,colorWhite,colorBlue);
AddColumn(ATR(5), "ATR(5)", 2.2, colorWhite,colorGreen );

AddColumn(ADX(AP), "ADX ",2.1,colorBlue, colorLightGrey);
AddColumn(RSI(), "RSI", 2.2, colorGreen,colorYellow);
AddTextColumn(Name(), "NAME", 5.0, colorYellow, colorBlue );