Thursday, September 28, 2017

Amibroker AFL to Identify Trend Reversal

To identify a Trend Reversal in a trading strategy is a big query for every trader. Trend Reversal if caught at a good timing can be really fruitful to profit from the stock price moves.There are various methods followed by traders to identify Trend Reversal of a scrip or stock. This is a very lengthy topic which can take several pages of elaboration. Different time frames have different trends at the same time of trading periods. Every type of trader tries to follow the trend of their own trading time frame.

In Amibroker an AFL is being used which identifies Trend Reversal. The AFL seems quite interesting but one should always make it sure that before using any system it should be tested. So a good strategy to test it manually can be a Bar Replay function in Amibroker for getting acquainted. Then using the AFL in real time and paper trading through it. If the results are good then only tend to use the Amibroker afl for real trading purpose.

Read This Also: Top 10 Amibroker AFL For Trading Purpose

The AFL being posted here is on as is basis as written by the author of the AFL. You should not take it as an advice to base your trade decisions on the same. Trading decisions should be purely done on one's own initiative.

Earlier I posted a Trend Reversal AFL system based on Heiken Ashi Candles. Although the AFL had results but it was printing too many signals and was also looking into the future which meant that during backtesting it could give good results but when one uses it real time it might repaint the signals with the change of indicator readings. Therefore I thought of sharing a better Trend Reversal catching AFL where the visual effect has good efficacy. Those who tend to remain with the trend patiently would find it better to make their decisions for entry and exits as it also prints target levels. This AFL will be good for Intraday traders who choose shorter time frames like 5 minute , 10 minute , 15 minute etc. for their trading needs.
trend reversal amibroker afl
Identify Trend Reversal

DOWNLOAD TREND REVERSAL AMIBROKER AFL
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41 comments:

  1. ssOctober 19, 2016 at 11:48 PM

    Aryan, i m a big fan of this afl, it filters out whipsaws and sideways market

    ReplyDelete
    Replies
    1. Trade CatcherOctober 27, 2016 at 10:09 PM

      Hi ss ,

      Great to know your views.

      Happy Times.

      Delete
    2. UnknownNovember 20, 2016 at 9:51 PM

      forward looking so re-paints. will not help in live trading

      Delete
    3. Trade CatcherNovember 21, 2016 at 7:43 PM

      Hi Girish,

      Thanks for sharing your views.

      Delete
  2. N@Y@NJune 11, 2017 at 1:51 PM

    Hey Aryan,

    Thank you for the wonderful indicators.
    Is there an article on how to use this indicator?

    Thanks
    Nayan

    ReplyDelete
    Replies
    1. Trade CatcherJune 11, 2017 at 5:03 PM

      Hi Nayan,

      Glad you liked the indicators. This particular indicator is to help to identify the Trend which is ongoing. The Red Candles below the RED Stop line signify that the trend is currently down. The Green Candles above the BLUE Stop line shows that the Trend is Up. So you can identify the trend visually and also have an alert when the trend changes.

      Do make sure that you do not base your trades only on the signals generated through this AFL because of the fact that as with many other indicators this AFL can also give several false signals during sideways market. Do put your analysis behind the use of this indicator.

      Happy Trading !!

      Delete
    2. N@Y@NJune 12, 2017 at 10:04 AM

      Hello Aryan,

      Thank you for the prompt response.
      Just a couple of more questions, on the chart I also see red and green horizontal lines, a small blue triangle, blue circle, yellow arrow and a green arrow.
      May I request you to suggest the significance of these objects please.

      Thanks
      Nayan

      Delete
    3. Trade CatcherJune 12, 2017 at 9:49 PM

      Hello Nayan,

      The Arrows , Circles , Dots are all pointing to signals of Buy & Sell as generated during price action. The conditions for each signal may be different and when simultaneous signals generated then all the shapes appear. The Green line is the calculated Target Line & the Red Line is the Fixed Stop Line . Also these lines are showing the range of the move.

      But please note that this AFL looks into the future and therefore it would repaint the signal.The signal may appear & then vanish. So basically do not base your trades on this AFL in Live Trading as those can go wrong.

      If you are easy with coding then you can study the whole code and you will get the required clues of various conditions.

      Happy Trading.

      Delete
  3. N@Y@NJune 13, 2017 at 10:03 AM

    Hello Aryan,

    Thank you for that information.
    I'm relatively new to Ami as i'm primarily a forex trader and MT4 is my preferred platform.
    Ami does not seem to provide the kind of flexibility in placing orders that MT4 does.
    Still struggling to find a way to fire orders from Ami into Zerodha.
    Would you know of an AFL with a simple interface where I could enter the qty with buy, sell, square off buttons on AMI charts that could fire trades into my trading terminal?
    Many thanks for the help.

    Thanks
    Nayan

    ReplyDelete
    Replies
    1. Trade CatcherJune 13, 2017 at 10:36 AM

      Hi Nayan,

      There are some plugins which could assist in placing such orders but they are supplied mostly by the data vendors like Global Data Feeds , True Data Velocity. Some people used the Nest Plus API for firing such orders from Amibroker but currently Thomson Reuters have discontinued the NEST Plus API for some time so this facility has been stopped.

      The situation with Amibroker is somewhat pathetic at that kind of Automation which MT4 is able to provide. There has been a Plugin developed by Global Data Feeds for Zerodha Pi where Amibroker could be used for firing orders so you need to have the data feed from GFDL.

      Happy Trading.

      Delete
    2. N@Y@NJune 22, 2017 at 12:28 AM

      Hello Aryan,

      Thank you for responding.
      If I may ask you a few questions (not related to the AFL's)
      I am relatively new to using Ami, have been trading forex so have been using MT4.
      IF you have used MT4, you would know its super easy to place buy / sell trades from charts on the click of buttons.
      I was trying to emulate the same in Ami, found a couple of AFL's which provided the buy / sell buttons, however apparently to fire trades into NEST, you need to have NEST Plus and the vendor apparently is not providing this anymore.
      Would you know of any tool / AFL which would let me fire trades from Ami charts into NEST without the NEST Plus API.
      Also if you may recommend good data providers for Ami.

      Appreciate your help

      Thanks
      Nayan

      Delete
    3. Trade CatcherJune 22, 2017 at 1:44 PM

      Hi Nayan,

      I don't think without NEST API this is possible for placing orders from Amibroker to NEST.
      There are two three brokers viz. Zerodha & Upstox who have come out with their own API for placing such orders. But for this they are charging monthly fees which is more than the NEST API fees. But it solves the purpose.

      a) https://upstox.com/developer/amibroker-afl-bridge

      b) https://zerodha.com/z-connect/tradezerodha/pi-bridge/pi-bridge-for-amibroker

      There are very few authorised data providers for NSE.

      1. Global Data feeds. ( http://www.globaldatafeeds.in/ )

      2. True Data India ( https://www.truedata.in/ )

      3. Valvenet ( http://www.vbiz.in/ ). F&O is authorized but For equity they give Google data.

      Delete
    4. N@Y@NJune 22, 2017 at 10:00 PM

      Thank you for the inputs Aryan.
      Appreciate your help

      Delete
  4. SalagramSeptember 28, 2017 at 8:19 AM

    GM , The Link to download the Link is not working sir

    ReplyDelete
    Replies
    1. Trade CatcherSeptember 28, 2017 at 9:08 PM

      Link Updated . Now you can download from the working Link.

      Happy Trading !!

      Delete
  5. UnknownJuly 27, 2018 at 5:10 PM

    hi
    not able to download afl

    ReplyDelete
    Replies
    1. Trade CatcherJuly 28, 2018 at 10:58 AM

      Hi,

      I checked the link. It is working fine. I was able to download the file. Try with another browser from the one which you used.

      Aryan.

      Delete
  6. UnknownDecember 6, 2018 at 11:56 AM

    Can I have a copy & paste version of the AFL. As I am not able to open the file

    ReplyDelete
    Replies
    1. Trade CatcherDecember 7, 2018 at 10:29 PM

      I am not able to paste that much of Code in this comment box as it is out of the character limit of 4096 characters.

      Give me your E-mail ID and I will send you there.

      You can also try to download WinRar software which opens up the zipped files.

      Delete
  7. AlanDecember 25, 2018 at 9:42 PM

    Can u pls send me the AFL to copy paste mrnsemania@gmail.com

    ReplyDelete
  8. AlanDecember 29, 2018 at 6:37 PM

    Can u pls post this afl in Text format pls.

    ReplyDelete
  9. AlanDecember 29, 2018 at 6:44 PM

    I got that Thanx a lot

    ReplyDelete
  10. SudeshJanuary 13, 2019 at 1:19 PM

    can u suggest any good real time data feeder for amibroker .
    Also i trade in nifty and bank nifty option but finding trend is going difficult.
    can u helop me for that

    ReplyDelete
    Replies
    1. Trade CatcherJanuary 18, 2019 at 11:09 AM

      Hi Sudesh

      If you wish to take genuine data feed services then the two companies which are prominent and providing NSE approved data are GFDL i.e Global Data Feeds Ltd and the other one is True Data India.

      Options trading involves many other variables apart from only timing trend. Therefore I would suggest you to go through various literature available on Options trading.

      One thing which is very evident and also told by trading experts is that Options are created in such a way that Options buyers are mostly on the wrong side of the trade.So be very careful if you want to trade options from the buying side. Sellers have always an upper hand in Options Trading.

      Happy Trading.

      Delete
  11. SudeshJanuary 18, 2019 at 12:43 PM

    hi,
    Thanks for reply. already using Global Data Feeds Ltd for data feeder.
    but trend finding is going difficult .can u suggest any AFL for that

    ReplyDelete
    Replies
    1. Trade CatcherJanuary 21, 2019 at 9:19 PM

      Hi Sudesh,

      Trend finding through mechanical systems is possible upto a limit only. Mechanical systems are prone to whipsaws within trend therefore to get a perfect afl for trend following is difficult. If you try GMMA-Guppy Multiple Moving Average then it may be of help to get a broad look on the trend , strong and weak . You can search YouTube to see how you can use GMMA with other technical tools like Fibonacci to plan your entries and exits in the ongoing trend.

      Happy Trading.

      Aryan.

      Delete
  12. UnknownDecember 22, 2019 at 5:40 AM

    Hi, can I use this code for daily time frame ?

    ReplyDelete
    Replies
    1. Trade CatcherDecember 24, 2019 at 10:28 PM

      This code works on Intraday Time frame in a better way & that too on 5 minutes time frame.

      Delete
  13. VINEET BAJAJMay 17, 2020 at 8:48 AM

    Sir any afl for buy signal when 1 15 mins candle closes above the 1 HR candle and vice versa

    ReplyDelete
    Replies
    1. Trade CatcherMay 21, 2020 at 10:00 AM

      Hi Vineet ,

      This kind of afl is not available at the moment. As soon I could get hold of it will share for sure.

      Delete
    2. rajJuly 10, 2020 at 7:59 PM

      Please look into the Timefreame based functions like Timeframeset(), Timeframeexpand() - those will help you code using multiple timeframes.

      Delete
  14. kuumarJune 28, 2020 at 2:56 PM

    sir pls send this afl my mailid is shree888shree@gmail.com

    ReplyDelete
  15. UnknownJuly 1, 2020 at 11:03 PM

    sorry to trouble you. can you i cannot download the file. can you email me. growpg@yahoo.com trims

    ReplyDelete
  16. Ajeet SinghJuly 27, 2020 at 2:57 PM

    Hi Brother, very nice to share but its appreciable if you give some credits to creator as I have written this afl. Also there is way to get rid of future references of candle
    Thanks

    ReplyDelete
    Replies
    1. Trade CatcherAugust 10, 2020 at 11:40 AM

      Hi Brother ,

      I would be more than happy to give credit to you for your work. I am sharing with the trading community for the benefit of all.

      Also can you share the way about getting rid of future references of candle , it would be a great boost for the users.

      Thanks

      Aryan.

      E-mail ID: tradecatcher02@gmail.com

      Delete
  17. RohiniMay 9, 2021 at 8:04 PM

    hi
    Shall I get this Afl

    ReplyDelete
    Replies
    1. Trade CatcherMay 10, 2021 at 9:50 PM

      Hi Rohini,

      The link to the AFL file is in the post at the bottom. You may download through it.

      Delete
  18. tech india connectSeptember 1, 2021 at 7:13 PM

    hi sir
    can u send this afl link i cant find this sir kindly help me
    pls send this to my mail id chandru2317@gmail.com

    ReplyDelete
  19. Minh putinNovember 9, 2021 at 2:49 PM

    TK YOU!!!

    ReplyDelete

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