Iam Started Using Amibroker for the past 6months.And I need a Script to run in analysis window to scan the stocks whichever are coverging(all at one place) 50,100,200 Sma . Can Some body write a script for me..
Iam Started Using Amibroker for the past 6months.And I need a Script to run in analysis window to scan the stocks whichever are coverging(all at one place) 50,100,200 Sma . Can Some body write a script for me..
I have never used Amibroker (I do not do trading so why I do require it). By converging all at one place means all are very near. In plain English, I can give you algorithm, you put into Amibroker langauge:
if (sma(50)/sma(100)) is between 0.99 and 1.01 AND (sma(100)/sma(200)) is between 0.99 and 1.01 AND (sma(50)/sma(200)) is between 0.99 and 1.01