Today i found Counter Trend reversal system which developed by Rajendran(Market calls).. But Its developed for Daily time frame. Im not getting any signals with 5 or 15 mins.
Plz any one change this afl to Intraday (5 mins time frame).
Thanks in advance...
Plz any one change this afl to Intraday (5 mins time frame).
Thanks in advance...
PHP:
_SECTION_BEGIN("Counter Trend Reversal System");
SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ));
z=(High+Low+(Close)*(2))/(4);
EMAavg=((21*EMA(z,2))+(13*EMA(z,3))+(8*EMA(z,5))+(5*EMA(z,8))+(3*EMA(z,13))+(2*EMA(z,21)))/(53);
Plot(EMAavg,"EMAavg=",colorRed);
Buy =C>EMAavg AND C>EMA(C,10);
ex =C<EMAavg;
Buy = ExRem( Buy, ex );
ex = ExRem( ex, Buy );
Filter = Buy ;
/* Exploration Parameters */
AddTextColumn( FullName(), "Company Name" );
AddColumn( Buy, "Buy", 1 );
AddColumn( C, "Close", 1.3 );
PlotShapes(IIf(Buy, shapeSquare, shapeNone),colorGreen, 0, L, Offset=-40);
PlotShapes(IIf(Buy, shapeSquare, shapeNone),colorLime, 0,L, Offset=-50);
PlotShapes(IIf(Buy, shapeUpArrow, shapeNone),colorWhite, 0,L, Offset=-45);
PlotShapes(IIf(ex, shapeSquare, shapeNone),colorRed, 0, H, Offset=40);
PlotShapes(IIf(ex, shapeSquare, shapeNone),colorOrange, 0,H, Offset=50);
PlotShapes(IIf(ex, shapeDownArrow, shapeNone),colorWhite, 0,H, Offset=-45);
Plot( C, "Close", ParamColor("Color", colorBlack ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() );
_SECTION_END();