Hello,
I have attached a Zip file containing few basic AFL for Amibroker users. Some are explorations and others are indicators which will plot the indicator on the chart sheet.
I am not sure these AFL are in Amibroker library. What i usually do is study all the AFL i can lay my hands on and modify it(if necessary) to suit my trading methods and personality.
I would suggest Amibroker users to study the help file in Amibroker to learn more about AFL codes. Ultimately after some serious effort and hardwork you will be able to find one or two indicators to trade profitably.
Intially when i started using Amibroker i had used around 40 chart pages to plot all indicators to analyse them. That is if you put 2 indicators in a chart sheet i had more than 80 indicators. Some will work in trending market, some will work well only in bearish or consolidation market. Ulitimately after lot of effort you will come across 2-3 indicators that will work in all market conditions if used individually or combined.
Now i have finally settled down 1-2chart pages and maximum 3 indicators for generating buy or sell signals. I had used NSE data from 1995 to check it out by visualising manually on various scrips of different price ranges and in different market conditions. I did not use back test. I prefer visualisation method. It is strenous in the begining but patterns that emerge are highly reliable and profitable.
The trading signals generated with money management is working very well.
What i am trying to convey is it is very much possible to find two or three indicators to trade profitably in all types of market conditions whether it is a bullish, bearish or consolidation market. And the surprise part is that these indicators will be the least complex and right under our noses and would have been ignored by lot of people including ourselves.
Regards
Saji