SH's trading the 'greater fool' zone

[prst]

Hi SH,

Do you have any idea how to get this envelope on trade tiger..???
or any other method to plot similar kind of indicator on trade tiger??

since u are using this strategy for EOD data, u can use free version of chart nexus.
am using it for MA envelope setting.

 

[MurAtt]

Do we have an AFL for GFZ ? Can one post a link or PM / EMAIL THE SAME TO ME PLS.


thanks

 

[anayash]

Do we have an AFL for GFZ ? Can one post a link or PM / EMAIL THE SAME TO ME PLS.


thanks

Aditya has it I guess...for EOD! You have to tweak it a little for 30 min TF!

 

[MurAtt]

Link or Code please ........

 

[adityasaraf007]

Had posted it earlier.... Anyways, posting again for easy access of members...

_SECTION_BEGIN( "MA Envelope" );
Type = ParamList( "Avg. Type", "SMA,EMA" );
P = ParamField( "Price field", -1 );
Periods = Param( "Avg. Periods", 20, 2, 300, 1, 10 );
F = Param( "Filter %", 5, 0.05, 100, 1 );

if ( Type == "SMA" )
    A = MA( P, Periods );

if ( Type == "EMA" )
    A = EMA( P, Periods );

EnvUp = A + A * F / 100;

EnvDn = A - A * F / 100;

Plot( A, _DEFAULT_NAME(),  IIf( Ref( A, 0 ) > Ref( A, -1 ), ParamColor( "ColorUp", colorWhite ), ParamColor( "ColorDown", colorOrange ) ), ParamStyle( "Style", styleThick ) );

Plot( EnvUp, "EnvUp", ParamColor( "EnvUp Color", colorRed ), styleThick + styleNoLabel );

Plot( EnvDn, "EnvDn", ParamColor( "EnvDn Color", colorGreen ), styleThick + styleNoLabel );

PlotOHLC( EnvUp, EnvDn, EnvUp, EnvDn, "", ParamColor( "Envelope Color", colorDarkOliveGreen ), styleCloud | 4096 );
_SECTION_END();

BTW, there is also something called "Percent Bands" in Ami..... which does the same job for Envelopes based on Simple MA... This code can also be used for Envelopes based on EMA..... Didn't knew it before coding this one....

 

[Baloon]

Click here to join the chat room. SH is online there.

 

[Klewtar]

This can be basically a manual calculation where we manually find the value of SMA (usually SMA 17) using charting software and then use the following formula?

Upper Band = SMA + (0.015 * SMA)
Lower Band = SMA - (0.015 * SMA)

I found that above formula from the 225th post for having GFZ with the 30 minute swing strategy:
http://www.traderji.com/technical-analysis/63589-shs-trading-greater-fool-zone-23.html#post655928

Edit:
Now that I have access to NIFTY Futures on GCT instead of only NIFTY spot on a non F&O Trade Tiger. I hope I can understand SH's strategies in the chats and posts more clearly with NIFTY futures access and a way to calculate GFZ.

 

[prst]

bharti in GFZ

 

[Klewtar]

What is the percentage deviation for using GFZ with EOD 315? I think SMA 17 is used for calculating the GFZ in EOD 315?

Edit:
6% seems to be the answer from the first page

 

[trade4joisar]

bharti in GFZ

This is as per daily right?

If yes, i checked with 17SMA + 8%, but its not.
Daily GFZ range 314.2 - 368.80