Karthik's Intraday Trading using EMA & CCI
- Thread starter karthik_sri
- Start date
HTML:
/*
Setup
1). Timeframe : 5min chart
2). EMA : 110 period
3). CCI : 14 days
Why EMA 110? To be frank no idea but when tested proved with results to guage the TREND!
RULE
BUY / GO LONG CONDITION
a). The 5 min candle should be above 110 EMA.
b). CCI should be > 100. We consider CCI reading only for ENTRY not for EXIT. This CCI will act as a FILTER to avoid false Traps
c). A 0.10% filter on the High price
SELL / GO SHORT CONDITION
a). The 5 min candle should be below 110 EMA.
b). CCI should be < -100. We consider CCI reading only for ENTRY and not for EXIT. This CCI will act as a FILTER to avoid false Traps
c). A 0.10% filter on the Low price
EXIT : Rs.10/- min
SL : Rs.10/- (as I want to keep RR as 1:1)
Recommended Scrips : MARUTI, AXISBANK, LT, TCS, ICICIBANK & SBI
I have tested the strategy with the above scrips and hence posted as recommendation. Why I have selected the above scrip is bacause of the highly traded volume.
I will explain in detail with the Charts
Karthik
*/
_SECTION_BEGIN("Price");
SetChartBkGradientFill( ParamColor("BgTop", colorDarkOliveGreen),
ParamColor("BgBottom", colorDarkGrey),ParamColor("titleblock",colorDarkOliveGreen ));
TimeFrameSet( in5Minute);
EMA110=EMA(C,110);
pt=CCI()>100;nt=CCI()<-100;
bullish=C>EMA110 AND pt;
bear=C<EMA110 AND nt;
Color=IIf(bullish,colorGreen,IIf(bear,colorRed,colorBlack));
GraphXSpace=5;
SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) Vol " +WriteVal( V, 1.0 ) +" {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 )) ));
Plot( C, "Close", color , styleNoTitle | ParamStyle("Style") | GetPriceStyle() );
Plot(EMA110,"EMA110",5,1);
Buy=Cover=bullish;
Short=Sell=bear;
Buy=ExRem(Buy,Sell);Sell=ExRem(Sell,Buy);
Short=ExRem(Short,Cover);Cover=ExRem(Cover,Short);
PlotShapes(IIf(Buy,shapeUpArrow,shapeNone),colorGreen,0,L,Offset=-10);
PlotShapes(IIf(Sell,shapeDownArrow,shapeNone),colorRed,0,H,Offset=-10);
PlotShapes(IIf(Short, shapeHollowDownArrow , shapeNone), colorRed);
PlotShapes(IIf(Cover, shapeHollowUpArrow , shapeNone), colorGreen);
TimeFrameRestore();
_SECTION_END();
Filter = Buy | Short;
SetOption("NoDefaultColumns", True);
AddTextColumn(Name(), "SYMBOL");
AddColumn(DateTime(), "DATE", formatDateTime);
AddColumn(TimeNum() ,"Time",1, 75);
AddColumn(IIf(Buy, 66, 83), "TRIGGER", formatChar, colorWhite, IIf(Buy, colorGreen, colorRed));
AddColumn(IIf(Buy, H + H*0.001, L - L*0.001), "TRIG PRICE", 1.2);
AddColumn(IIf(Buy, (H + H*0.001)+10, (L - L*0.001)-10), "Target", 1.2);
AddColumn(IIf(Buy, (H + H*0.001)-10, (L - L*0.001)+10), "Stop Loss", 1.2);
AddColumn(C, "Last Close", 1.2);
SetSortColumns( -3 );This is Johnny's code in which I just added the exploration part...And removed the commented part of buy/sell...Now user can see the arrow also..Even added Tgt and Sl in the exploration...hoping to see johnny work on the pictorial representation of Tgt and SL or even better if Johnnybhai have something in his mind...
Rgds,
Sandipan
Hmm Ya I too tried to improved as I hinted.
HTML:
/*
Setup
1). Timeframe : 5min chart
2). EMA : 110 period
3). CCI : 14 days
Why EMA 110? To be frank no idea but when tested proved with results to guage the TREND!
RULE
BUY / GO LONG CONDITION
a). The 5 min candle should be above 110 EMA.
b). CCI should be > 100. We consider CCI reading only for ENTRY not for EXIT. This CCI will act as a FILTER to avoid false Traps
c). A 0.10% filter on the High price
SELL / GO SHORT CONDITION
a). The 5 min candle should be below 110 EMA.
b). CCI should be < -100. We consider CCI reading only for ENTRY and not for EXIT. This CCI will act as a FILTER to avoid false Traps
c). A 0.10% filter on the Low price
EXIT : Rs.10/- min
SL : Rs.10/- (as I want to keep RR as 1:1)
Recommended Scrips : MARUTI, AXISBANK, LT, TCS, ICICIBANK & SBI
I have tested the strategy with the above scrips and hence posted as recommendation. Why I have selected the above scrip is bacause of the highly traded volume.
I will explain in detail with the Charts
Karthik
*/
_SECTION_BEGIN("Price");
SetChartBkGradientFill( ParamColor("BgTop", colorDarkOliveGreen),
ParamColor("BgBottom", colorDarkGrey),ParamColor("titleblock",colorDarkOliveGreen ));
TimeFrameSet( in5Minute);
EMA110=EMA(C,110);
pt=CCI()>100;nt=CCI()<-100;
bullish=C>EMA110 AND pt;
bear=EMA110>C AND nt;
Color=IIf(bullish,colorBlue,IIf(bear,colorRed,colorBlack));
by=Ref(EMA110,-1)>C OR Ref(CCI(),-1)<100;
sy=Ref(EMA110,-1)<C OR Ref(CCI(),-1)> -100;
GraphXSpace=5;
SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) Vol " +WriteVal( V, 1.0 ) +" {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 )) ));
Plot( C, "Close", color , styleNoTitle | ParamStyle("Style") | GetPriceStyle() );
Plot(EMA110,"EMA110",5,1);
SetPositionSize( 100, spsShares ); // 100 shares by default
Buy=bullish AND by;
//Sell=0;
Short=bear AND sy;
//Cover=0;
//Buy=ExRem(Buy,Sell);
//Sell=ExRem(Sell,Buy);
//Short=ExRem(Short,Cover);Cover=ExRem(Cover,Short);
PlotShapes(IIf(Buy,shapeUpArrow,shapeNone),colorGreen,0,L,Offset=-10);
//PlotShapes(IIf(Sell,shapeDownArrow,shapeNone),colorRed,0,H,Offset=-10);
PlotShapes(IIf(Short, shapeHollowDownArrow , shapeNone), colorRed);
//PlotShapes(IIf(Cover, shapeHollowUpArrow , shapeNone), colorGreen);
TimeFrameRestore();
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