amibroker/metastock afl reqired

hello everybody,

i am herewith posing two charts ihave been using spider for intraday trading,where i was using simply a 20dema with rsi which is smoothed by 5period ema which is plotted on price chart,the crossover/cross down along with 20dema have given good results .anybody here can make afl which can be used for ami or meta.thanks in advance to all,,the parameters used are 14 period rsi avg priod e,9 rsi of 14 period is smoothened by 5 period ema so that rsi will be plotted as smoothened and not zigzag
with whipshaws.

Which version of Metastock are you using?

What is 20dema, are you refering to EMA? Can you please specify when do you Buy and when do you Sell, i.e where would we need a Buy signal and wheree a Sell signal?

Results look very promising on the charts posted.

metastock 10

1) yea 20dema = 20 period exp mov avg
2) buy signal is generated when rsi crossover is seen and to take it strongly i wait for close above 20 ema and
2a) sell signal is generated when rsi cross down is seen and to take it strongly i wait ofr close below 20 ema

thank u

Hi Alpeshjparekh,

Thanks for your charts & details.
Which time frame you are using for Intraday trading to get Entry & Exit points?
Keerthi

Okay, 20 dema would normaly mean 20 Days EMA, so it is better to write 20 EMA when we are refering to Intraday.
Can try to make it in Metastock, not sure I can do it, but will give it a try surely.

When you say RSI cross, do you mean when RSI crosses its own 5 period EMA?

10 minute on intrady charts

actually what happens here is when rsi (14) is calculated taking into consideration 5 ema of price.parameters used r 14rsi e9, means rsi14 is calculated by smoothing it by 5ema and then crosses e9(mov of rsi)
i hope this makes it clear.

rsi period 14
avg type e
avg period 9
input avg(e,5) the pink line on the chart


thank u for taking active int .

thank u