Re: [amibroker] Bollinger and ADX scan, AmiBroker Email List Archive

Thanks Rajiv

There is one change in this though

+DMI and -DMI

my nderstanding is based on squeeze

when the BB sqeeze is tight there is likely to be a breakout

Now break out in what direction up or down

for this i checked the adx +DMI and -DMI

so , the break is likely to be in the direction where the +DMI and -DMI are moving

hence,

if difference of +DMI and -DMI= positive value greater then 10 then it is a buy long

similarly

if difference of +DMI and -DMI= negative value greater then 10( i mean -11,-12,...-17) then it is a sell short.

let us squeeze the parametrs and make

bbdiff<=1

and

midiff>=10

Deepak Patade,
Nasik.

From: Rajiv Arya <rajivarya87@xxxxxxxxxxx>
To: amibroker@xxxxxxxxxxxxxxx
Sent: Tue, December 15, 2009 1:07:33 AM
Subject: RE: [amibroker] Bollinger and ADX scan

BBdiff=bbandTop- bbandBot;
midiff=pdi(range) -mdi(range) ;

filter=(bbdiff<=5) and (midiff>=5);

R

To: Technical-Investor@ yahoogroups. com
CC: amibroker@xxxxxxxxx ps.com; amibroker.at@ yahoogroups. com
From: deepakpatade@ yahoo.com
Date: Mon, 14 Dec 2009 07:42:47 -0800
Subject: [amibroker] Bollinger and ADX scan

Hello,

Please help me writing a scan

there are two simple conditions

cond1=BBtop( minus)BBbot= less than 5

cond2=+DI(minus) -DI=greater than 5

Scan should return stocks that meet both the criteria

Attaching bollinger BBtop , BBbot, +DI and -DI for easy reference

_SECTION_BEGIN( "bollinger" );
SetChartOptions( 0,chartShowArrows| chartShowDates );
Filename = StrLeft(_DEFAULT_ NAME(),StrLen( _DEFAULT_NAME( ))-2) ;
_N(Title = filename + StrFormat(" - {{INTERVAL}} {{DATE}} \nOpen %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", colorBlack, styleNoTitle | ParamStyle(" Style", styleCandle, maskAll) ); // shows all style options

P = ParamField(" Price field",-1);
Periods = Param("Periods" , 15, 2, 300, 1 );
Width = Param("Width" , 2, 0, 10, 0.05 );
Color = ParamColor(" Color", colorCycle );
Style = ParamStyle(" Style");

bbTop = BBandTop( P, Periods, Width );
bbBot = BBandBot( P, Periods, Width );

Buy = Low <= bbBot;
Sell = High >= bbTop;

Plot( bbTop, "\nBBTop" + _PARAM_VALUES( ), Color, styleLine );
Plot( bbBot, "\nBBBot" + _PARAM_VALUES( ), Color, styleLine );

PlotShapes(Buy * shapeUpArrow, colorGreen, 0, L, -10);
PlotShapes(Sell * shapeDownArrow, colorRed, 0, H, -10);
_SECTION_END( );

_SECTION_BEGIN( "ADX");
range = Param("Periods" , 14, 2, 200, 1 );
Plot( ADX(range), _DEFAULT_NAME( ), ParamColor( "ADX color", colorBlue ), ParamStyle(" ADX style", styleThick ) );
Plot( PDI(range), "+DI", ParamColor( "+DI color", colorGreen ), ParamStyle(" +DI style") );
Plot( MDI(range), "-DI", ParamColor( "-DI color", colorRed ), ParamStyle(" -DI style") );
_SECTION_END( );

Deepak Patade,
Nasik.

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