Close Price buy and sell indicators

R

rbacu

New Member
#1
#1
Hi All:

I have tried using stochastics, macd, ema, and RSI to get a good buy and sell signal in Amibroker on ^GSPC, which is Yahoo's S&P 500. The best I can do on closing prices after backtesting is about 5.6% annual return. With open, high, low, and average prices, I can do a lot better, but I want to work with something that does well on closing prices. Has anyone had any luck finding a better return than that? A mutual fund can do better than that. If anyone has found a better indicator, what functions or methodology are you using?

Thanks,
Rob
 
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R

rbacu

New Member
#3
#3
Thanks Findvikas.

I have heard about Fibonacci periods, but have never really understood it. I am trying to write a formula in AmeriBroker. Do you have any code that I can get started with? Should I use EMA, DEMA, TEMA? I can write code, but I am not too sure how Fibonacci relates to moving averages. Any help is appreciated.
 
S

singhboy

Active Member
#4
#4
fibbonacci works like magic on 4 day chart, open 4 day intraday chart, take last days. For example if u want to tarde on 5 january, take chart of 1st-2nd-3rd-4th januay. Then take 4 day high n low, n draw fibonacci retracement levels. U will b surprised to see how stocks n nifty always take restance n support at these levels. Talking abt best indicators is combination of DI-, DI+ with stochastic. I use them succesfully, not on amibroker , on other software. I have a afl of auto fibonanci levels. Im newbie so dont knw how to attach it. And a guy called Rinku gave me adx related afl, which can b used to find trading opportunites on eod n live chart, it scans stock, but duznt backtest. So u can use it to scan stocks on eod where di+ cross di- up. Many stocks scanned by this afl were 7-10% up today.
 
R

rbacu

New Member
#7
#7
Can I also get a copy of the formula you use as best indicators is combination of DI-, DI+ with stochastic ?

Thanks singhboy
 
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J

java.sunny.kumar

New Member
#8
#8
singhboy said:
fibbonacci works like magic on 4 day chart, open 4 day intraday chart, take last days. For example if u want to tarde on 5 january, take chart of 1st-2nd-3rd-4th januay. Then take 4 day high n low, n draw fibonacci retracement levels. U will b surprised to see how stocks n nifty always take restance n support at these levels. Talking abt best indicators is combination of DI-, DI+ with stochastic. I use them succesfully, not on amibroker , on other software. I have a afl of auto fibonanci levels. Im newbie so dont knw how to attach it. And a guy called Rinku gave me adx related afl, which can b used to find trading opportunites on eod n live chart, it scans stock, but duznt backtest. So u can use it to scan stocks on eod where di+ cross di- up. Many stocks scanned by this afl were 7-10% up today.
Click to expand...

Hi singhboy,

Can you please attached adx related afl.

Also please post me an afl for combination of DI-, DI+ with stochastic if you have it.

Thanks in advance
Sunny
 
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