SH's 315 Strategy - how to use if effectively

Thanks for the screenies on the last page. Can it be done for free? Or is the software is paid? PM me if you wish.
 
Look at this page, Chris has made a script for Elder's Safe Zone.
 
Not able to add this to my AMI... :(
You can't add this to AMI. It is not AFL.

Below is the AFL for the same.

sZPeriod = Param("Period", 9, 2, 50, 1);
sZK = Param("Coefficient", 3, 0.1, 5, 0.1);
sZHold = Param("Hold Period", 3, 0, 10, 1);

//SafeZone stop calculation for Long
lowDelta = IIf(Ref(L,-1) < Ref(L,-2), Ref(L,-2) - Ref(L,-1), 0);
lowDeltaSum = Sum(lowDelta, sZPeriod);
LowDeltaCount = Sum(Ref(L,-1) < Ref(L,-2), sZPeriod);
sZPoint = Ref(L,-1) - sZK * IIf(LowDeltaCount != 0, lowDeltaSum / LowDeltaCount, 0);
sZStop = HHV(sZPoint, sZHold);

Plot (sZStop,"SafeZone Long Stop",colorRed,styleDashed);


//SafeZone stop calculation for Short
highDelta = IIf(Ref(H,-1) > Ref(H,-2), Ref(H,-1) - Ref(H,-2), 0);
highDeltaSum = Sum(highDelta, sZPeriod);
HighDeltaCount = Sum(Ref(H,-1) > Ref(H,-2), sZPeriod);
sZPoint = Ref(H,-1) + sZK * IIf(HighDeltaCount != 0, highDeltaSum / HighDeltaCount, 0);
sZStop = LLV(sZPoint, sZHold);

Plot (sZStop,"SafeZone Short Stop",colorRed,styleDashed);
 

mangup

Well-Known Member
You can't add this to AMI. It is not AFL.

Below is the AFL for the same.

sZPeriod = Param("Period", 9, 2, 50, 1);
sZK = Param("Coefficient", 3, 0.1, 5, 0.1);
sZHold = Param("Hold Period", 3, 0, 10, 1);

//SafeZone stop calculation for Long
lowDelta = IIf(Ref(L,-1) < Ref(L,-2), Ref(L,-2) - Ref(L,-1), 0);
lowDeltaSum = Sum(lowDelta, sZPeriod);
LowDeltaCount = Sum(Ref(L,-1) < Ref(L,-2), sZPeriod);
sZPoint = Ref(L,-1) - sZK * IIf(LowDeltaCount != 0, lowDeltaSum / LowDeltaCount, 0);
sZStop = HHV(sZPoint, sZHold);

Plot (sZStop,"SafeZone Long Stop",colorRed,styleDashed);


//SafeZone stop calculation for Short
highDelta = IIf(Ref(H,-1) > Ref(H,-2), Ref(H,-1) - Ref(H,-2), 0);
highDeltaSum = Sum(highDelta, sZPeriod);
HighDeltaCount = Sum(Ref(H,-1) > Ref(H,-2), sZPeriod);
sZPoint = Ref(H,-1) + sZK * IIf(HighDeltaCount != 0, highDeltaSum / HighDeltaCount, 0);
sZStop = LLV(sZPoint, sZHold);

Plot (sZStop,"SafeZone Short Stop",colorRed,styleDashed);
Is this "Elder Safe zone"afl adding value to results of 315 trades. Not using Ami s/w.
 
NIFTY

In Spot, if we close at present level of 5896.15, it will be first day of 3EMA against uptrend.
In Future, if we close at present level of 5937.65, it will be second day of 3EMA against uptrend.

Due to this conflicting signal will exit half long positions if close at this level today.
 
Watchout for ASHOKLEY and BHARTIAIRTEL. Might do a bearish crossover today.

BHARTIAIRTEL (LTP - 315.25) anything less than 310.85 will become bearish (unlikely but if the current level holds, tomorrow we might see a crossover)
ASHOKLEY (LTP - 26.95) anything less than 26.70 will see bearish crossover.
 

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