Month-Year-Volume Low & High for Amibroker (AFL)

This formula is for reading price trend and volume :

- Red lines indicate break highs, Blue lines indicate break lows
- 1st row : indicates break 3M (3months), 6M & 9M respectively
- 2nd row : indicates break 1Y (1year), 2Y & 3Y respectively
- 3rd row : indicates volume spike of 2x, 3x, 4x & 5x respectively, above 6month of average volume.

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Keltner Band Trading System for Amibroker (AFL)

Keltner Band is a promising indicator to determine trend breakouts accurately. And experienced traders might very well know that catching accurate trend breakouts is as good a finding a fortune. Keltner band calculates the price range based on ATR (average true range), which is different from standard deviation calculation that Bollinger band uses.

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External Relative Strength (RS) for Amibroker (AFL)

ERS measures the stock’s price performance relative to all other listed equities. Basically, it measures how well or poorly a stock is performing relative to its’ peers.

You can read more about the ERS here

This indicator should be run as an exploration to compare to other securities.

_SECTION_BEGIN("IBD RS RANKING");
//IBD RS RANKING
RSW = 0.4*ROC(C,65)+ 0.3*ROC(C,130) +0.3*ROC(C,260);
Plot(RSW,"RANKING IBD" ,colorBrightGreen,styleLine) ;
Plot(EMA(RSW,10),"" ,colorRed,styleLine|styleDashed|styleNoLabel);

BuyIBD=RSW>EMA(RSW,10);
SellIBD= RSW

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RWI with Bull vs Bear Warning for Amibroker (AFL)

The random walk index (RWI) is a technical indicator that attempts to determine if a stock’s price movement is random or nature or a result of a statistically significant trend. The random walk index attempts to determine when the market is in a strong uptrend or downtrend by measuring price ranges over N and how it differs from what would be expected by a random walk (randomly going up or down).

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Trend Check for Amibroker (AFL)

Trend catcher is a useful indicator for taking the trading decisions,, one can build many strategies using this as a base indicator. Combine this as a reference tool for Candlestick Patterns(not every pattern is successful,, check the trend first) or use it with Support & Resistances,, Gaps,, Fibonacci Retracements,, e.t.c,

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