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Exploration, Scan and Backtesting help needed in Amibroker

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  #1  
Old 4th February 2007, 03:25 PM
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Smile Exploration, Scan and Backtesting help needed in Amibroker

Hello Everyone,

I am trying to create an exploration to give automatic buy/ sell signals based on above conditions. I am trying to combine all 3 indicators to get a stronger signal. Can someone help me writing an AFL formula for the below mentioned conditions -

ADX(14)
Buy when +DI crosses above -DI
Sell when +DI crosses below -DI

AND/OR

Buy when RSI is below 30
Sell when RSI is above 70

AND/OR

Buy when MACD (12,26) crosses above signal (12,26,9)
Sell when MACD (12,26) crosses below signal (12,26,9)

I have tried using Powerscan add-in in Amibroker but its AND OR feature is not enabled.
Since I am new to AFL coding so seeking help from seniors. Please help.

Also please let me know if I am missing something. Also if its possible to use the same for SCAN and BACKTESTING.

Cheers
Abhinav
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  #2  
Old 4th February 2007, 06:01 PM
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Default Re: Exploration, Scan and Backtesting help needed in Amibroker

pls read dr. elder's book and stockcharts.com...then still if u want the same thing, i'll give u
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  #3  
Old 4th February 2007, 06:06 PM
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Default Re: Exploration, Scan and Backtesting help needed in Amibroker

pls understand the difference between trading and trending markets b4 designing any indicators...and also read about multicollinearity...u can design a system ONLY IF U UNDERSTAND how the COMPONENTS of the system work.
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  #4  
Old 9th February 2007, 08:37 PM
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Default Re: Exploration, Scan and Backtesting help needed in Amibroker

Quote:
Originally Posted by beginner_av View Post
pls understand the difference between trading and trending markets b4 designing any indicators...and also read about multicollinearity...u can design a system ONLY IF U UNDERSTAND how the COMPONENTS of the system work.
Hello Avi,

Went through the introduction of Multicollinearity at stockcharts.com. I wasn't aware of it previously. Learnt a new one from your reply.

Thanks Avi.

Praveen.
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Old 9th February 2007, 10:11 PM
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Default Re: Exploration, Scan and Backtesting help needed in Amibroker

Hello Beginner_Av,

Thanks for your reply. Surely I will go through the suggested site.
Now a days I am using Stock %D and %K with combination of RSI and MACD for INtraday. Stoch %K and %D is doing a great job for me on Hourly charts.

Do you think there is something else which I can combine with these indicators to get more better signals. Wud appreciate if you could help in this..

Cheers
Abhi
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  #6  
Old 15th February 2007, 05:22 PM
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Default Re: Exploration, Scan and Backtesting help needed in Amibroker

Hey Praveen, missed your post.

this is in reply to abhinkoi's question
If stochastics is doing great work, stick to it....but be aware of the pitfalls of stoc...BTW stoc works well many times as it is a very popular indicator...but as mkt conditions change, so does stoc's effectiveness

Last edited by beginner_av; 15th February 2007 at 11:10 PM.
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  #7  
Old 15th February 2007, 05:47 PM
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Default Re: Exploration, Scan and Backtesting help needed in Amibroker

Quote:
Originally Posted by beginner_av View Post
Hey Praveen, missed your post.

If stoc is doing great work, stick to it....but be aware of the pitfalls of stoc...BTW stoc works well many times as it is a very popular indicator...but as mkt conditions change, so does stoc's effectiveness
Hey Avi,

Couldn't even get a word what you are speaking. Which one you are referring here?

Praveen.
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  #8  
Old 15th February 2007, 11:07 PM
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Default Re: Exploration, Scan and Backtesting help needed in Amibroker

sorry praveen...see edited above
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Old 16th February 2007, 09:56 AM
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Default Re: Exploration, Scan and Backtesting help needed in Amibroker

Can I make an AFL formula for scanning with a combination of Stochastic %K and %D in one formula and CCI in another one? I have 2 different formula's (Stoch and CCI) which I am using for intraday trading. For Stoch I have made a formula to give me buy/sell but I dont know how to make a buy/sell formula of CCI and how to club both of them for scanning.

The thing which I am looking for is a combination of both. I mean to get a buy signal only when both the formula's says YES and vice versa.

Please help.

Cheers
Abhinav
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  #10  
Old 16th February 2007, 10:22 AM
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Default Re: Exploration, Scan and Backtesting help needed in Amibroker

Quote:
Originally Posted by beginner_av View Post
sorry praveen...see edited above
Oh...ok

Praveen.
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