Here is my 2 cent to this excellent community traders, manual traders who find it tedious to work out AFL on their own and rely on too simple strategies like MA/RSI etc, although it can be used in conjugation with other indicators for better results.
Now get timely entry signals and use this to manage your risk . This algorithm is implemented as a amibroker plugin, just drop the DLL inside AmiBroker "plugins" folder and use the attached AFL. This is an unrestricted completely free to use and to redistribute among each others.
Disclaimer - signals generated from this plugin is not a buy sell recommendation on its own, a learned trader must use his manual analysis first, use appropriate parameters, apply on scrips that he finds suitable and manage risk.
Heart of the program lies in a call to function "RTT_PuSignal" which takes 2 parameters.
First parameter is for signal type, whether only longs, shorts or both direction,
Second parameter is for signal sensitivity, You may need to adjust range in Param() based on your time-frame and stocks, existing values are for future markets in 5min.
For example futs can be like between 0 - 1, but for options this value will be > 1, also when analyzing daily timeframe again this must be larger.
NOTE that in wrapper AFL, a hollow signals are for exit conditions like sell/cover and solid arrows are for entry - buy/short
Now get timely entry signals and use this to manage your risk . This algorithm is implemented as a amibroker plugin, just drop the DLL inside AmiBroker "plugins" folder and use the attached AFL. This is an unrestricted completely free to use and to redistribute among each others.
Disclaimer - signals generated from this plugin is not a buy sell recommendation on its own, a learned trader must use his manual analysis first, use appropriate parameters, apply on scrips that he finds suitable and manage risk.
Heart of the program lies in a call to function "RTT_PuSignal" which takes 2 parameters.
First parameter is for signal type, whether only longs, shorts or both direction,
Second parameter is for signal sensitivity, You may need to adjust range in Param() based on your time-frame and stocks, existing values are for future markets in 5min.
For example futs can be like between 0 - 1, but for options this value will be > 1, also when analyzing daily timeframe again this must be larger.
NOTE that in wrapper AFL, a hollow signals are for exit conditions like sell/cover and solid arrows are for entry - buy/short
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