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no suree, it is intended for intraday data. Best to use with violently volatile and heavily traded stocks like AMZN.
Also of importance is the line:
timebar = Cross(TimeNum(), 155500);
this should be replaced with
timebar = Cross(TimeNum(), 155900);
then you either use timeframes 5 minutes, 15 minutes or 1 hour.
Note that 155900 assumes you trade on the Nasdaq or other US markets. It is 1-minute before their close time. So if your intraday data uses local time you need to change "155900" to the local time, 1 minute before your market closes. Some positions close at the end of the trading day and if you want to use the system to trade in real-time you will be told 1 minute before the close if you need to close the position.
rgds, Ed
----- Original Message -----
From: suree namsiripongpan
To: amibroker@xxxxxxxxxxxxxxx ; ed2000nl@xxxxxxx
Sent: Saturday, November 13, 2004 5:41 PM
Subject: [amibroker] reaction trend system posted in AFL Library
Dear Ed,
i just found your code inAFL library about reaction
trend system. it is quite a long code. my question is
, can i use with EOD data ?
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