Experiments in Technical Analysis

[karthikmarar]

Friends

Nowadays I see lot of interest in Technical Analysis among the members. Saint is doing a wonderful work in teach Technical Analysis with his great Thread Teach a Man.
The logical step normally one takes after learning the basics of TA is to experiment with various Indicators and trading systems. We all go through this in our endeavor to come up with a good, workable, profit making Trading system. These experiments teach us lot about the behavior of various indicators, setup and the pitfalls.

If we sharing our experiments we can gain more insights, get new ideas, get to know the pitfalls and increase our knowledge. So I am starting this thread as a platform for sharing our experiments, ideas and our own research.

I will be posting some of my experiments with trading system and indicators. I also plan to cover some systems I have come across. Also I will talk about some of my custom indicators. But all these studies would be based on short to medium term perspective. Intraday traders will not find anything for them I suppose. Maybe these will work on shorter time frames also, but I have not tested these for such time frames. I will also post the Meatstock codes and Amibroker afl whenever required

Please note this will be a public thread and everybody is encouraged to post their studies and experiments so that we all can share and learn.

Soon I will kick start the thread with my first trading system.

Warm regards

Karthik

 

[smridhi]

Dear Karthik

Wonderful idea and looking forward your first trading system.

Best wishes
Smridhi

 

[jaykiru]

Greate.
We are weaighting sir,

 

[munchikana]

Keep in mind about members (like me) who do not have the previlege of using metastock or amibroker. Keep in mind that there are some members (like me) who are still using free softwares like F Charts and Aptistock. Whenever you give codes (I think you are referrring to formulas to calculate indicators), as far as possible, kindly make them compatible with F Charts or Aptistock also. This is my request. Best of luck.

 

[syamu]

we appreciate ur idea karthik...i hope we benefit from ur explanations...

 

[murthymsr]

.....................
I will be posting some of my experiments with trading system and indicators. I also plan to cover some systems I have come across. Also I will talk about some of my custom indicators.
....................

dear karthik,

great initiative,my friend.
i remember the book, 'My Experiments with Truth'.
i have a request. please put your logics in 'english' also in addition to AFL.

all the best.
MurthyMSR

 

[AMITBE]

Hey Karthik...this is in the true sprit of a seeker with a big heart.
Is it a wonder I'm not at all surprised that you've taken on this intiative!

Great one Karthik, and look forward to your creations!
And as Murthygaru suggested, please don't forget the plain English either, which will help in a better understanding of AFL writing.

Thanks Karthik.

 

[jaykiru]

Ok Karthi
I m first
I Found Two indicator For meta stock


1)Elliot Wave :
------
pr:=Input("Elliot Wave minimum % move",
.001,100,2);

{ Beginner Elliot Wave stuff }
EWpk:=PeakBars(1,H,pr)=0;
EWtr:=TroughBars(1,L,pr)=0;

{ Intermediate Elliot Wave stuff }
zz:=Zig(C,pr,%);
zzHi:=Zig(H,pr,%);
zzLo:=Zig(L,pr,%);
avg:=(zzHi+zzLo)/2;

{ Advanced Elliot Wave stuff }
RetroSuccessSecret:=If(EWpk,zzHi,
If(EWtr,zzLo,If(avg>Ref(avg,-1),H,L)));
EW:=Zig(RetroSuccessSecret,pr,%);

{ Plot on price chart }
EW
--------------------------
2)Elliot Wave Signals :
--------
pr:=Input("Elliot Wave minimum % move",
.001,100,2);

{ Elliot Wave engine }
EWpk:=PeakBars(1,H,pr)=0;
EWtr:=TroughBars(1,L,pr)=0;

zz:=Zig(C,pr,%);
zzHi:=Zig(H,pr,%);
zzLo:=Zig(L,pr,%);
avg:=(zzHi+zzLo)/2;

RetroSuccessSecret:=If(EWpk,zzHi,
If(EWtr,zzLo,If(avg>Ref(avg,-1),H,L)));
EW:=Zig(RetroSuccessSecret,pr,%);

{ Buy/Sell Elliot Wave stuff }
EWbuy:=TroughBars(1,EW,pr)=0;
EWsell:=PeakBars(1,EW,pr)=0;

{ Plot on own window }
EWbuy-EWsell
____________________________________
Kaisa laga . please tell me .

 

[karthikmarar]

Smridhi, jaykiru, Syamu

Thanks for the interest shown in this new thread. It was basically started with an idea to help you guys and I sincerely hope that you will benefit from this.

Warm regards

Karthik

 

[Saint]

Great initiative,Karthik,and looking fwd to yet another great thread from you....great going!

Saint