Experiments in Technical Analysis

karthikmarar · #**601** 18th January 2007, 10:01 PM

Hi friends

We had lot of theory…a little boring isn’t it? So let us have some fun… now time for some practicals.

Now we have some basic tools like Zero line crossovers, MA crossovers, Dips and Hooks. Without complicating further with Histograms we will see how to trade better with these signals.

Trading MACD better combining with other Indicators

Well, we have many signals now. How do we differentiate which are better signals? Trading just with the MACD does not provide much clue. If we combine with some other indicators we may get some more clues.

Combining with ADX provides some good additional clues and we can differentiate which are better signals. I call these signals Power Buys, Power Dips and Power shorts.

We will take up some example and define some basic rules, which can be consistently followed.

Later we will take up other combinations like stochastic and CMO.

Meanwhile I would like you too to try out these examples and not just look at charts and say ‘wah’. How do we do that? I am enclosing an Afl for “Trading the MACD”. Please do try it out and check the signals for various charts as we proceed with the discussion.

Please note that I had prepared the Afl as I was writing the discussion on MACD. (I have been doing all these stuff by eyeballing so far

) Also as I am a novice in coding it may be a little primitive. There may be many who would like to enhance it. But I suggest that they wait for some time as a much more elaborate Afl will be on their way soon as we complete our discussion on “Trading the MACD”

My apologies to the Metastock Guys… Just cant imagine doing the coding for these stuff for MA.. even wonder if it is possible.. It would be wonderful if someone can do it..

So let us move on with defining good trading rules and also some good practice

Warm regards

Karthik

asnavale · #**602** 18th January 2007, 11:07 PM

CONGRATULATIONS KARTHIK

ON ACHIEVING YOUR PERSONAL 1000 POSTS

-Anant

karthikmarar · #**603** 18th January 2007, 11:15 PM

Dear Ananth

Thanks a lot for both the wishes. A big credit goes to you for the success of the thread. It is been apleasure to see your innovative approaches in handling the Indicators. Also the contribution of Sanjay, murthy, siva, rpc made it a popular thread. Yes, I do hope to see the thousand mark as we share and learn.

Thanks

warm regards

Karthik

rpc · #**604** 19th January 2007, 12:15 AM

Hi Karthik
Double congrats for 1000 and 6000 posts.We must thank Anant too to bring to our notice these two milestone.
Hoping to receive guidance from you and also Murthy,Anant and Siva too.
with best wishes
rpc

rahulg77 · #**605** 19th January 2007, 12:29 AM

good morninggggggggggggg traders...............Lage raho boss

simply great..
are u a proffessor by any chance :-)

softtouch · #**606** 19th January 2007, 04:13 PM

Quote:

Originally Posted by asnavale

Hi Softtouch,

I don't know which variation of MABIUTS you have used. I am implementing MABIUTS-HB system. According to this system CLIO has given BUY signal on Jan 03, 2007 itself though you have observed the price rise from 5th. Also, it has given a SELL signal today (18-01-2001). If you have already bought it, it is time to SELL it tomorrow.

Please see the attached chart. The BUY on 03-01-07 and SELL on 18-01-07 are clearly shown and are marked with Blue circles.

Regards

-Anant

Thanks Anant for Quick reply , i have followed the same steps given in the PDF file to build MABIUTS Expert but still i am not getting buy signal on 5th Jan 2007, don't know the exact problem......I will check in amibroker ......but can you please suggest me where can i get clean EOD data for amibroker till date.....so it will help me to go ahead with the analysis.

P.S : Do we have any ready made template availiable for amibroker for better look and feel.

Thanks
Softtouch.

ger06 · #**607** 19th January 2007, 06:33 PM

Derar Anant Navale;
Hi.

http://www.traderji.com/71573-post197.html

The modified code "MABIUTS-HB" I have down loaded & changed it to afl but I am not getting any signals. I tried in new window but it is giving blank chart.
I like to know where I am doing mistake. Will u please help me.

Thanks.

asnavale · #**608** 19th January 2007, 07:54 PM

Quote:

Originally Posted by ger06

Derar Anant Navale;
Hi.

http://www.traderji.com/71573-post197.html

The modified code "MABIUTS-HB" I have down loaded & changed it to afl but I am not getting any signals. I tried in new window but it is giving blank chart.
I like to know where I am doing mistake. Will u please help me.

Thanks.

Hi Softtouch and ger06,

From both of your posts what I understand is you have downloaded the AFL which I posted in "System Implementation Excercise, Message No. 197". This will not give you any signals on the charts. This AFL is meant for exploration only. For getting the BUY/SELL signals on the chart please download the AFL attached with this message. You just drag and drop the AFL on to the price chart just like any other indicator. It will immediately show the BUY/SELL arrows on the chart.

As far as the clean Database is concerned, you can down load the database uploaded by Soumya. You can get the URL for downloading it in Traderji forum:

http://www.traderji.com/data-feeds/9...-database.html

You will also get the updates for the database upto December 2007 in that post itself. For daily updates for January 2007, look in the thread "Data Feeds" and you get them.

I hope you will get the charts as desired with the AFL code attached with this message. Just change the extension .txt to .afl and use it. For any clarification feel free to ask and post your queries/comments etc.

Regards

-Anant

ger06 · #**609** 19th January 2007, 08:24 PM

Dear Anant;

Thanks very much for ur prompt reply.
As u said, I have down loaded it from that link. Toady I will try this new afl & give u feedback.
Thanks once again.

kenneth · #**610** 19th January 2007, 08:39 PM

I too have downloaded but it does not open. 6 views are recorded. Could you please let me know if there a problem with the link

Thanks & Regards
ken

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