An Excellent Trick Named as Star Bar Trick

[ram2010]

Yes Charts are OK
When on 16th Buy Signal appears...keep a watch on 17th and BUY only when it crosses High of 16th
4-5% Upside is target and stoploss is low of bar of 15th

is it possible to create an explorer in amibroker?

 

[sushilgirdher]

is it possible to create an explorer in amibroker?

_SECTION_BEGIN("Price");
Title = EncodeColor(colorGold)+ " GIRDHER STAR BAR TRICK SYSTEM" + EncodeColor(colorRose)+" (" + Name() + ") " + EncodeColor(colorGold)+ Interval(2) + 
" " + Date() +" " +" • Open "+WriteVal(O,1.0)+" • "+"Hi "+WriteVal(H,1.0)+" • "+"Lo "+WriteVal(L,1.0)+" • "+
"Close "+WriteVal(C,1.0)+" WMA 5"+WriteVal(WMA(C,5));
Col_1 = IIf(EMA(RSI(39),30) > Ref(EMA(RSI(39),30),-1),colorGreen,colorRed);
Plot(C,"",Col_1,64);

_SECTION_END();

Plot(WMA(C,5), "5 WMA", colorYellow, styleLine| styleNoLabel);

Buy= Ref(L,-4)>Ref(L,-3)AND Ref(L,-3)>Ref(L,-2)AND Ref(L,-2)>Ref(L,-1) AND O>Ref(C,-1) AND C>Ref(C,-1)AND C > WMA(C,5);
Sell= Ref(H,-4)<Ref(H,-3)AND Ref(H,-3)<Ref(H,-2)AND Ref(H,-2)<Ref(H,-1) AND O<Ref(C,-1) AND C<Ref(C,-1)AND C < WMA(C,5);

PlotShapes(Buy*shapeUpArrow,colorGreen, 0, Low,Offset =-12);
PlotShapes(Sell*shapeDownArrow,colorYellow, 0, Low,Offset =-12);

Buy=ExRem(Buy,Sell);
Sell=ExRem(Sell,Buy);
Cover=Buy;
Short=Sell;
Filter=Buy OR Sell;


_SECTION_BEGIN("Magfied Market Price");

//Magfied Market Price
FS=Param("Font Size",30,11,100,1);
GfxSelectFont("Times New Roman", FS, 700, True ); 
GfxSetBkMode( colorWhite );  
GfxSetTextColor( ParamColor("Color",colorGreen) ); 
Hor=Param("Horizontal Position",800,1,1200,1);
Ver=Param("Vertical Position",12,1,830,1); 
GfxTextOut(""+C, Hor , Ver );
YC=TimeFrameGetPrice("C",inDaily,-1);
DD=Prec(C-YC,2);
xx=Prec((DD/YC)*100,2);
GfxSelectFont("Times New Roman", 11, 700, True ); 
GfxSetBkMode( colorBlack );  
GfxSetTextColor(ParamColor("Color",colorYellow) ); 
GfxTextOut(""+DD+"  ("+xx+"%)", Hor , Ver+45 );
 


_SECTION_END();

 

[sushilgirdher]

Friends please backtest this strategy and give your results with some suggestions

 

[umeshmandal]

Are you suggesting to Short if reverse conditions are met?
I dont use Amibroker so may be wrong, but the exploration posted seems to be for both long and short.
Please correct me if I am wrong.

 

[ankur07090]

As per ur experience is it for daily TF or any time frame can be used...?

 

[ajeetsingh]

INDIGO gave Buy signal yesterday....

.

 

[ajeetsingh]

Here's MCX where first SL hit and then Trgt hit...

.

 

[manjunnovates]

if it hits sl first, its gone case immaterial of what it does after

 

[ajeetsingh]

if it hits sl first, its gone case immaterial of what it does after

Everyone knows this.... :clapping:
I am looking scope for re-entry !!!

 

[amitrandive]

Here's MCX where first SL hit and then Trgt hit...

.

Everyone knows this.... :clapping:
I am looking scope for re-entry !!!

Though this is hindsight.

Many times stop losses are purposely hit for all traders/investors to exit.
Then professional traders/FII's reenter.

An entry is at the bullish pin and the next day is a doji above 5WMA.MA is also sloping upwards.

You do not let go of a stock,even if it hits your stop loss.You always look for a reentry,if you are a serious investor/trader.
Don't most of us keep loosers in our portfolio even if down sometimes by more than 50%?

Though an observation, this stock is still in a downtrend.The previous context is important.