Hi,
Can any expert here write a AFL for the strategy given below. This is particularly useful in rangebound markets:
Settings: two panes in amobroker, above showing price with pivot levels, second below showing stochatistics.
Buy - When stochastic %K crosses %D when %K is below 30% (or between 20-30%), we Buy at nearest Support or on Breakout above Nearest Resistance level.
Sell - When Stochastic %K Crosses % D when %K is above 75% (or between 75-85%), we sell at the nearest resistance point or sell on break of nearest support.
Thanks,
Rythm....
Can any expert here write a AFL for the strategy given below. This is particularly useful in rangebound markets:
Settings: two panes in amobroker, above showing price with pivot levels, second below showing stochatistics.
Buy - When stochastic %K crosses %D when %K is below 30% (or between 20-30%), we Buy at nearest Support or on Breakout above Nearest Resistance level.
Sell - When Stochastic %K Crosses % D when %K is above 75% (or between 75-85%), we sell at the nearest resistance point or sell on break of nearest support.
Thanks,
Rythm....