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Friends,
Two things to mention here.
Trade Triangles
Pinpointing POC and Value area limits marking on charts.
You may seen Trade triangles on marketclub site.
I want to know if this tracking of market can be done using an afl
in TOMASZ's wonderful Amibroker.I know it can be done.I am desperate to have an afl in this regard.Can a programmer-coder help,please!
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Well those of Neebees like me may have a query what Trade Triangles?
Get a glimpse of it by simple rules.
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//SCORE points Strong UPTREND condition list
//10 +10 last Hour Close above 5hr moving average
//15 +15 new 3 Day High recently formed
//20 +20 last price above 20dma
//25 +25 new 3 week High on recent week
//30 +30 new 3 Month High recently forms
//100 TOTAL
//SCORE points strong DOWNTREND conditions
//-10 LAST Hour Close BELOW 5 HR MOVING Avg
//-15 New 3Day Low recently formed
//-20 last price below 20dma
//-25 new 3 week Low on recent week
//-30 new 3 Month Low recently FORMED
//-100 TOTAL
//marketclub trend score card
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Awaiting helping hand.
If not an afl, I would appreciate simple codelines for each condition as a guidance.
cheers
rvlv
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