Trading NR7 setup

[asnavale]

Great work Anant.
Just few a suggestion -
1) As you had mentioned earlier that all NR7 days are also NR4 ,NR6 days as well. So it makes no sense to reflect NR4 and NR7 on a NR7 bar. IMO, just NR7 is sufficient. By putting NR4 on this bar just clutters the chart with redundant info.

2) You don't have to wait for NR4 day to mark an ID. Any bar can be marked as ID, as long as it meets the criteria.
I don't know the flowchart of your AFL script.. But If I have to give this as requirement then I would say following
- Check for ID. Set ID-Flag appropriately
- Check for NR7. Set NR7-flag
- Check for NR4. Set NR4-flag

- If (NR7-Flag and NR4-Flag), then Display-Flag = NR7 end-if
- If Display-Flag empty, and NR4-flag = yes, then display-flag = NR4
- If ID-Flag = yes, then concatenate "ID" to last value of display-flag. {this will give you ID, IDNR4 or IDNR7)

- Show display flag on chart

Let me know if you want to enhance this afl for other setups as given by Toby Crabel (they are focused on expansions). I have not discussed them here but can give u idea about them.

Happy Trading.

Anant,

Yes this, combined with AW10's slight tweakings on the display will suffice.

Wonderful.

Sorry for the late reply as Power in our city was out since 10.30am in many areas and just got restored at 5pm!!!!!

Thanks once again.

Murtaza

Hi AW10 and Murtaza Bhai,

I have tried to implement your ideas. The following image shows the result. If it is okay I will post the AFL here and you can suggest further additions.

The non-NR Inside Days are marked with a hollow circle above the corresponding bar. IDNR4 bars are marked with an orange star and IDNR7 by green star above the bar. NR7 marked with a circled 7 in green and NR4 with circled 4 in orange color at the bottom of the bar.

When the tracking line is brought on the bar the corresponding text (IDNR7 / IDNR4 / NR7 / NR4 / Inside Day) is also displayed in the chart title at the top.

Regards

-Anant

 

[MurAtt]

Ok. Anant.

Now you can go for exploration.

BUT

In exploration, like u have seen in the above chart there are 3 NR7 in a row, if any multiple instances of any ID, IDNRx or NRx can be mentioned then it would be "sone pe suhaga".

This multiple NRx can be marked as xNR4 or xNR7 or xIDNRy ...

Now awaiting the AFL.

Murtaza

 

[rohangawale]

NR7 stocks triggered on 22 sept:

[B]STOCK		HIGH		LOW[/B]
GAIL 		351		346
POWERGRID 	108.8		107.7
SAIL		179.3		176.05

NR7 Close on 23rd Sept

		22-Sep			23-Sep	
STOCK		HIGH	LOW		Close	Trigger
GAIL 		351	346		354.65	Up Break
POWERGRID 	108.8	107.7		110.10	Up Break
SAIL		179.3	176.05		176.05	No Breakout

 

[rohangawale]

NR7 Stocks triggered on 23 Sept:

[B]STOCK		HIGH		LOW[/B]
BHEL		2289.45		2261
MRAUTI		1674.5		1642
ONGC		1174.7		1155.15
PNB		791.9		775.1
RIL		2125		2090
RPL		132.2		130.05
SBI		2187.65		2135
TATA STEEL	530.9		518.1

 

[rohangawale]

NR7 Stocks triggered on 23 Sept:

[B]STOCK		HIGH		LOW[/B]
BHEL		2289.45		2261
MRAUTI		1674.5		1642
ONGC		1174.7		1155.15
PNB		791.9		775.1
RIL		2125		2090
RPL		132.2		130.05
SBI		2187.65		2135
TATA STEEL	530.9		518.1

Close of NR7 Stocks as on 24 Sept:

	[B]	23-Sep			24-Sep	
STOCK		HIGH	LOW		Close	Trigger[/B]
BHEL		2289.45	2261		2246.15	Down Break
MRAUTI		1674.5	1642		1635.20	Down Break
ONGC		1174.7	1155.15		1150.00	Down Break
PNB		791.9	775.1		791.10	No Breakout
RIL		2125	2090		2100.95	No Breakout
RPL		132.2	130.05		130.95	No Breakout
SBI		2187.65	2135		2167.30	No Breakout
TATA STEEL	530.9	518.1		512.65	Down Break

 

[rohangawale]

NR7 Stocks triggered on 24th Sept:

STOCK		HIGH		LOW
RIIL		1224.9		1193.6

 

[sanjaygrover13]

Hi,
Does anyone has formula for auto finding of the setup in amibroker. Please guide me for the same

 

[AW10]

If you are asking for AFL for NR7, then plz chk the posts from Anand (TJ id=asnavale).
He has posted afl in this thread.

Happy Trading

 

[sanjaygrover13]

Thanks Sir, for the prompt reply. I am unable to locate the post for this thread . Please guide me further.
Thanks
Sanjay Grover

 

[ag_fx]

If you are asking for AFL for NR7, then plz chk the posts from Anand (TJ id=asnavale).
He has posted afl in this thread.

Happy Trading

I would suggest you include the relevant resources(like ur excel template, AFL etc) in the first post of the thread for quick reference. Just my opinion.