Fchart Formula

R

rhimadri

Member
#11
#11
Khokan said:
Sirs,
I am a new entrant to the art of TA.. and am trying out the free packages like Aptistock & Fcharts. I could figure out Apti (loaded all hist data and am loading daily the data from the yahoo group) and in the case of Fchart I used a downloader and got my DB uptodate. Now the issue on which I would appreciate yr help is to give me some formulas I could try out in Fcharts. I hv put the formulas given in their web site. If any others r there pls pass them on.
Thnx
Kok
Click to expand...
Dear Khokan,

Fchart SE (Freeversion) has some limitation of formulas. However you can build some formulas based on sma, ema, rsi, vol, momentum etc which has syntax support for free version. If you require any specific formulas with your own critaria based on the above parameters, please let me know so that I can try for you.

Cheers

Himadri
 
Khokan

Khokan

Member
#12
#12
Dear Himadri,
Many thanks 4 yr kind response. I will give it a try ie the simple parameters u mentioned & if I hit a road block.. will ask yr help.
Much obliged.
Bye
Kok
 
A

arun16

Member
#13
#13
rhimadri said:
I take this priviledge to inform all members of this forum who are using Fchart that Fcharts are also widely used all over the world alongwith other softwares like Metastock, Advanced get, Amobroker etc. I felt it necessary to open a new thred for Fchart users where they can have discussions specifically on Fchart rather than posting it all over the forum. I sent a request to "Traderji" who has kindly considered my request and allowed me to open the thred for Fchart in software catagory. I have been using Fchart Pro for last six years. In this forum I would be happy to to share my experience with all Fchart users.

In compliement of the above forum I am giving below the formula for "Inside Bar" in Fchart:-

Day traders will look forward for a stock which has made inside trading bar in last trading day to find out next days decissive move. Here is a formula for Inside Bar (((H < H[1], (H = H[1], (H - H[1] < 2)), (OR (L > L[1], L = L[1], (C[1] - C) < 2))))). Put the formula in UDI. When its value is -1.0, its a inside Bar, otherwise its value is always 0. To scan inside bar put formula UDI = -1.0 and LastDayOnly = true and find out which are the stocks have formed inside bar in last trading day.

Cheers

Himadri:
Click to expand...
Thanks for your effort to help members.
just checking your replies about s/w to extract data from NSE to fcharts.

I am beginner to tech analy & feel fcharts will give good intro to it.

pl. suggest good materials or weblinks where i can learn tech analy & use with fcharts.
:)
 
R

rhimadri

Member
#16
#16
zig zag swing formula in Fchart

Fchart users may use the following formulas for zig zig swing. It is not a buy or sell formula. With help of the formula you can find the trend of the stock very easily on the main chart i.e whether the stock is in uptrend ( higher top & higher bottom formation) or in downtrend ( lower top & lower bottom formation).

Condition (1) : LOW = LOWEST_LOW[5] AND LOW = LOWEST_LOW[-5] AND LOW * -1


Condition (2) : HIGH = HIGHEST_HIGH[5] AND HIGH = HIGHEST_HIGH[-5] AND HIGH * -1

Cheers

Himadri
 
M

mrjitender

New Member
#17
#17
Re: zig zag swing formula in Fchart

rhimadri said:
Fchart users may use the following formulas for zig zig swing. It is not a buy or sell formula. With help of the formula you can find the trend of the stock very easily on the main chart i.e whether the stock is in uptrend ( higher top & higher bottom formation) or in downtrend ( lower top & lower bottom formation).

Condition (1) : LOW = LOWEST_LOW[5] AND LOW = LOWEST_LOW[-5] AND LOW * -1


Condition (2) : HIGH = HIGHEST_HIGH[5] AND HIGH = HIGHEST_HIGH[-5] AND HIGH * -1

Cheers

Himadri
Click to expand...
YAAR TUM AADMI HO YA TUFAN. ITNA SHANDAR FORMULA... BY USING THIS FORMULA I DON'T FIND ANY REASON TO LOSE MONEY IN ANY TREND
 
S

slah04

Member
#19
#19
Dear Himadriji

I got this formula from another of our forums, which as per the moderator, is working well for even this bearish market. Its a "Long Only" indicator, but the same is for Metastock:

Entry next day Open with 2 % SL and 50 % Exit at 4 % above Entry and balance 50 % at 2nd 70 value of RSI(14)

a:= LLV(RSI(14),20)< Ref(LLV(RSI(14),20),-2) AND LLV(RSI(14),20) < 35;
b:= If(Ref(a,-1) =1 AND a =0 ,1,0);
m:= Alert(b,10) AND WillR(14) < -95;
n:= If(Ref(m,-1) =1 AND m =0 ,1,0);
n;

Any help on this for converting it as per FCharts?
 
R

rhimadri

Member
#20
#20
slah04 said:
Dear Himadriji

Could you please explain this particular part of your formula " AND LOW * -1" , "AND HIGH * -1"
Click to expand...
In Fchart programming language, when true or false statement is used i.e results returns to 0 if something is false but when result is -1 it is true ( this statement does not support). To convert the -1 to a positive value it is multiplied by -1. Now if value is 0 it will stay 0 and if it -1, it is converted at +1. Hope the above is clear to you.

Cheers

Himadri
 
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