I am trying daytrading and loosing an awful lot of money. Using Amibroker for intraday chart and Yahoo data feed. I am doing only Mini Nifty using nifty cash values. That could be one of the reason.
What i have read about MACD and RSI is like this: When the signal crossover happens in MACD, you either buy or sell. Also to note down the RSI is either in 70 or 30 range. But what i have observed is, when MACD curve is lower, before the signal crossover, then it maximises the profit. When the signal is touching the line, probably we stand to gain lower points.
Can any one give me an AFL code which generates a signal when the following 2 conditions are met:
1. MACD is in its peak and the RSI is at 80
2. MACD is in its most trough and the RSI is at 20.
If a buy/sell signal is given when these 2 conditions are met, it might generate moderate revenues without loosing moeny.
I tried to write the codes myself, but always have failed. I would request anyone who has experience in writing AFL code, to post it here. I would be thankful for their generosity. Maybe it would be helpful for others too.
kesk
What i have read about MACD and RSI is like this: When the signal crossover happens in MACD, you either buy or sell. Also to note down the RSI is either in 70 or 30 range. But what i have observed is, when MACD curve is lower, before the signal crossover, then it maximises the profit. When the signal is touching the line, probably we stand to gain lower points.
Can any one give me an AFL code which generates a signal when the following 2 conditions are met:
1. MACD is in its peak and the RSI is at 80
2. MACD is in its most trough and the RSI is at 20.
If a buy/sell signal is given when these 2 conditions are met, it might generate moderate revenues without loosing moeny.
I tried to write the codes myself, but always have failed. I would request anyone who has experience in writing AFL code, to post it here. I would be thankful for their generosity. Maybe it would be helpful for others too.
kesk