Zig Zag Indicator with Valid Entry and Exit Points

The Zig Zag indicator identifies pivot points but looks into the future - (beyond the right edge of the chart) to do this. This indicator plots a dot at the pivot point and an arrow at the bar when the pivot becomes known. The price bars are colored red for a pivot downtrend, green for a pivot uptrend, and blue at the known pivot point. Three addional horizontal lines are plotted and tied to the selected bar - the current close and +/- x% from the current close. The x% is the same % used in the Zig Zag function.

Formula:
//z_ZigZagValid
// ******** CHARTING
PercentChange = 6;
mystartbar = SelectedValue(BarIndex()); // FOR GRAPHING

mystartbardate = LastValue(ValueWhen(mystartbar == BarIndex(), DateNum(),1));

InitialValue = LastValue(ValueWhen(mystartbardate == DateNum(), C , 1 ) ) ;
Temp1 = IIf(BarIndex() >= mystartbar, InitialValue, Null) ;
Plot(Temp1, " ", colorBlack,styleLine);
Plot((1+(LastValue(PercentChange)/100))*(Temp1), " ", colorGreen, styleLine) ;
Plot((1-(LastValue(PercentChange)/100))*(Temp1), " ", colorRed, styleLine) ;

ZZ = Zig(C,LastValue(PercentChange)) ;
PivotLow = Ref(IIf(Ref(ROC(ZZ,1),-1) < 0 AND ROC(ZZ,1) > 0, 1, Null),1);
PivotHigh = Ref(IIf(Ref(ROC(ZZ,1),-1) > 0 AND ROC(ZZ,1) < 0, 1, Null),1); PlotShapes( shapeCircle*PivotLow, colorGreen,0, L, -20) ; PlotShapes( shapeCircle*PivotHigh,colorRed,0,H, 20) ; Buy_Valid = IIf(C>(1+(LastValue(PercentChange)/100))*(ValueWhen(PivotLow, C,
1))
AND ROC(ZZ,1) > 0,1,0);
Sell_Valid = IIf(C<(1-(LastValue(PercentChange)/100))*(ValueWhen(PivotHigh, C, 1)) AND ROC(ZZ,1) < 0,1,0); Buy_Valid = ExRem(Buy_Valid,Sell_Valid); Sell_Valid = ExRem(Sell_Valid,Buy_Valid); PlotShapes( shapeUpArrow*Buy_Valid, colorGreen,0, L, -20); PlotShapes( shapeDownArrow*Sell_Valid, colorRed,0,H, -20) ; BarColors = IIf(BarsSince(Buy_Valid) < BarsSince(Sell_Valid) AND BarsSince(Buy_Valid)!=0, colorGreen, IIf(BarsSince(Sell_Valid) < BarsSince(Buy_Valid) AND BarsSince(Sell_Valid)!=0, colorRed, colorBlue)); Plot(C, " ", BarColors, styleBar ) ; Plot(ZZ," ", colorLightGrey,styleLine|styleThick); Plot(ZZ," ", BarColors,styleDots|styleNoLine); Title = Name() + " " + Date() + WriteIf(PivotLow, " Up Pivot ","")+WriteIf(PivotHigh," Down Pivot ","")+ WriteIf(Buy_Valid, " Buy Point ", "") + WriteIf(Sell_Valid, " Sell Point ", "") ; listing 2 _SECTION_BEGIN("Price"); SetChartOptions(0,chartShowArrows|chartShowDates); _N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %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", ParamColor("Color", colorBlack ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() ); if( ParamToggle("Tooltip shows", "All Values|Only Prices" ) ) { ToolTip=StrFormat("Open: %g\nHigh: %g\nLow: %g\nClose: %g (%.1f%%)\nVolume: "+NumToStr( V, 1 ), O, H, L, C, SelectedValue( ROC( C, 1 ))); } _SECTION_END(); _SECTION_BEGIN("ZIG"); P = ParamField( "Price field" ); change = Param("% change",5,0.1,25,0.1); z = Zig(P, change); Plot( z, _DEFAULT_NAME(), ParamColor( "Color", colorCycle ), ParamStyle("Style") ); myBuy = IIf(z > Ref(z, -1), 1, 0);
mySell = IIf(z < Ref(z, -1), 1, 0);
Buy = Cover = ExRem(myBuy, mySell);
Sell = Short = ExRem(mySell, mybuy);
Filter = Buy OR Sell;
AddColumn(Buy, "Buy", 1.0);
AddColumn(Sell, "Sell", 1.0);
_SECTION_END();

Welcome to My Domain: ZigZag Retracements.

Welcome to My Domain: ZigZag Retracements.

ZigZag Retracements.

Formula:
_SECTION_BEGIN("ZigZag Retracement");
function GetXSupport(Lo, Percentage, Back)
{
return ((BarCount - 1) - LastValue(TroughBars(Lo, Percentage,Back)));
}
function GetYSupport(Lo, Percentage, Back)
{
return (LastValue(Trough(Lo, Percentage, back)));
}

function GetXResistance(Hi, Percentage, Back)
{
return ((BarCount - 1) -LastValue(PeakBars(Hi, Percentage, Back)));
}
function GetYResistance(Hi, Percentage, Back)
{
return (LastValue(Peak(Hi, Percentage, Back)));
}

//////////////////////////////////////////////////////////////////
Per = Param("Period", .618, .1, 20, .001);
Period = Param("Look back", 10, 1, BarCount-1);
ShowRet = ParamToggle("Show Retracement values", "No|Yes",1);
Price = ParamList("Price to follow:", "Close|High|Low", 1);
if(Price=="Close") ZigP = Zig(C, per);
else if(Price=="High") ZigP = Zig(H, per);
else ZigP = Zig(L, per);

//////////////////////////////////////////////////////////////////
Plot(C, "", IIf(O>=C, colorDarkRed, colorDarkGreen), ParamStyle("Price
Style",styleBar,maskPrice));
Plot(ZigP, "Zig", colorGold, styleThick);
//////////////////////////////////////////////////////////////////

xs1 = GetXSupport(ZigP, .01, 1);
xr1 = GetXResistance(ZigP, .01, 1);
ys1 = GetYSupport(ZigP, .01, 1);
yr1 = GetYResistance(ZigP, .01, 1);

if(xs1 < xr1) { x = LineArray(xs1, ys1, BarCount - 1, LastValue(ZigP)); Down = (yr1 - LastValue(ZigP)) / (yr1 - ys1); DnBars = BarCount - 1 - xr1; Plot(x, "", colorRed, styleDots); PlotText(StrFormat("%.3f (%.0f)", Down, DnBars), (xs1 + BarCount -1)/2, (ys1+LastValue(ZigP))/2, colorWhite); } else { x = LineArray(xr1, yr1, BarCount - 1, LastValue(ZigP)); Up = (LastValue(ZigP) - ys1) / (yr1 - ys1); UpBars = BarCount - 1 - xs1; Plot(x, "", colorRed, styleDots); PlotText(StrFormat("%.3f (%.0f)", Up, UpBars), (xr1 + BarCount -1)/2, (yr1+LastValue(ZigP))/2, colorWhite); } Plot( 1, "", IIf( xs1 > xr1, colorGreen,
colorRed),styleOwnScale|styleArea|styleNoLabel, -0.5, 100 );
if(ShowRet)
for(i=2; i<=Period+1; i++)
{
xs0 = GetXSupport(ZigP, .01, i);
xs1 = GetXSupport(ZigP, .01, i-1);
ys0 = GetYSupport(ZigP, .01, i);
ys1 = GetYSupport(ZigP, .01, i-1);

xr0 = GetXResistance(ZigP, .01, i);
xr1 = GetXResistance(ZigP, .01, i-1);
yr0 = GetYResistance(ZigP, .01, i);
yr1 = GetYResistance(ZigP, .01, i-1);

xs = LineArray(xs0, ys0, xs1, ys1, 0);
Plot(xs, "", colorLightBlue, styleLine);
xr = LineArray(xr0, yr0, xr1, yr1, 0);
Plot(xr, "", colorLightBlue, styleLine);
if(xs1 < xr1)
{
Up = (yr1 - ys1) / (yr0 - ys1);
Down = (yr0 - ys1) / (yr0 - ys0);
UpBars = xr1 - xs1;
DnBars = xs1 - xr0;
}
else
{
Up = (yr1 - ys0) / (yr0 - ys0);
Down = (yr1 - ys1) / (yr1 - ys0);
UpBars = xr1 - xs0;
DnBars = xs1 - xr1;
}
PlotText(StrFormat("%.3f (%.0f)", Up, UpBars), (xr1 + xr0)/2, (yr1+yr0)/2,
colorWhite);
PlotText(StrFormat("%.3f (%.0f)", Down, DnBars), (xs1 + xs0)/2, (ys1+ys0)/2,
colorWhite);
//Plot(LineArray(xs0, ys0, BarCount-1, ys0), "", colorGreen, styleDashed);
//Plot(LineArray(xr0, yr0, BarCount-1, yr0), "", colorRed, styleDashed);

}

str = StrFormat(" (Bars to END=%.0f)\n", BarCount - 1 - BarIndex());
Title =FullName()+" ("+Name()+") - "+Date()+" - Open: "+O+", Hi: "+H+", Lo:
"+L+", Close: "+C+StrFormat(" (%.2f %.2f%%)", C-Ref(C, -1),
SelectedValue(ROC(C, 1)))+str;
WriteIf(1, "\nNote Fibonacci numbers:\nPrimary numbers: 0.618, 0.786, 1.27 and
1.618","");
WriteIf(1, "Secondary numbers: 0.382, 0.50, 1.00, 2.00, 2.24, 2.618 and
3.14","");


_SECTION_END();


ZigZag
Introduction

The ZigZag feature on SharpCharts is not an indicator per se, but rather a means to filter out smaller price movements. A ZigZag set at 10% would ignore all price movements less than 10%. Only price movements greater than 10% would be shown. Filtering out smaller movements gives chartists the ability to see the forest instead of just trees. It is important to remember that the ZigZag feature has no predictive power because it draws lines base on hindsight. Any predictive power will come from applications such as Elliott Wave, price pattern analysis or indicators. Chartists can also use the ZigZag with retracements feature to identify Fibonacci retracements and projections.
Calculation

The ZigZag is based on the chart "type". Line and dot charts, which are based on the close, will show the ZigZag based on closing prices. High-Low-Close bars (HLC), Open-High-Low-Close (OHLC) bars and candlesticks, which show the period's high-low range, will show the ZigZag based on this high-low range. A ZigZag based on the high-low range is more likely to change course than a ZigZag based on the close because the high-low range will be much larger and produce bigger swings.

The parameters box allows chartists to set the sensitivity of the ZigZag feature. A ZigZag with 5 in the parameter box will filter out all movements less than 5%. A ZigZag(10) will filter out movements less than 10%. If a stock traded from a reaction low of 100 to a high of 109 (+9%), there would not be a line because the move was less than 10%. If the stock advanced from a low of 100 to a high of 110 (+10%), there would be a line from 100 to 110. If the stock continued on to 112, this line would extend to 112 (100 to 112). The ZigZag would not reverse until the stock declined 10% or more from its high. From a high of 112, a stock would have to decline 11.2 points (or to a low of 100.8) to warrant another line. The chart below shows a QQQQ line chart with a 7% ZigZag. The early June bounce was ignored because it was less than 7% (black arrow). The two pullbacks in July were ignored because they were much less than 7% (red arrows).



Be careful with the last ZigZag line. Astute chartists will notice that the last ZigZag line is up, even though QQQQ advanced just 4.13% (43.36 to 45.15). This is just a temporary line because QQQQ has yet to reach the 7% change threshold. A move to 46.40 is needed for a gain of 7%, which would then warrant a permanent ZigZag line. Should QQQQ fail to reach the 7% threshold on this bounce and then decline below 43, this temporary line would disappear and the prior ZigZag line would continue from the early August high.


Elliott Wave Counts

The ZigZag feature can be used to filter out small moves and make Elliott Wave counts more straight-forward. The chart below shows the S&P 500 ETF with a 6% ZigZag to filter moves less than 6%. After a little trial and error, 6% was deemed the threshold of importance. An advance or decline greater than 6% was deemed significant enough to warrant a wave for an Elliott count. Keep in mind that this is just an example. The threshold and the wave count are subjective and dependent on individual preferences. Based on the 6% ZigZag, a complete cycle was identified from March 2009 until July 2010. A complete cycle consists of 8 waves, 5 up and 3 down.


Retracements and Projections

Sharpcharts users can choose between the normal "ZigZag" and "ZigZag (Retrace.)". As shown in the examples above, the normal ZigZag shows lines that move at least a specific percentage. The ZigZag (Retrace.) connects the reaction highs and lows with labels that measure the prior move. The numbers on the dotted lines reflect the difference between the current Zigzag line and the ZigZag line immediately before it. For example, the chart below shows Altera (ALTR) with the 15% ZigZag (Retrace.) feature. Three ZigZag lines have been labeled (1, 2 and 3). The dotted line connecting the low of Line 1 with the low of Line 2 shows a box with 0.638. This means Line 2 is .638 (63.8%) of Line 1. A number below 1 means the line is shorter than the prior line. The dotted line connecting the high of Line 2 with the high of Line 3 shows a box with 1.646. This means Line 3 is 1.646 (164.6%) of Line 2. A number above 1 means the line is longer than the prior line.



As you may have guessed, seeing these lines as a percentage of the prior lines makes it possible to assess Fibonacci retracements Fibonacci projections. The August decline (Line 2) retraced around 61.8% of the June-July advance (Line 1). This is a classic Fibonacci retracement. The advance from early September to early November was 1.646 times the August decline. In this sense, the ZigZag (Retrace.) can be used to project the length of an advance. Again, 1.646 is close to the Fibonacci 1.618, which is the Golden Ratio used in many projection estimates. See our ChartSchool article for more on Fibonacci retracements.
Conclusions

The ZigZag and ZigZag (Retrace.) filter price action and do not have any predictive power. The ZigZag lines simply react when prices move a certain percentage. Chartists can apply an array of technical analysis tools to the ZigZag. Chartists can perform basic trend analysis by comparing reaction highs and lows. Chartists can also overlay the ZigZag feature to look for price patterns that might not be as visible on a normal bar or line chart. The ZigZag has a way of highlighting the important movements and ignoring the noise. When using the ZigZag feature, don't forget to measure the last line to determine if it is temporary or permanent. The last ZigZag line is temporary if the current price change is less than the ZigZag parameter. The last line is permanent when the price change is greater than or equal to the ZigZag parameter.
SharpCharts

The ZigZag and ZigZag (Retrace.) can be found in SharpCharts as a price overlay in the Chart Attributes section or as an addition to an indicator. Upon selecting the Zigzag feature from the drop down box, the parameters window will appear empty. Five (5%) is the default parameter, but this can change depending on a security's price characteristics. Some securities produce too few Zigzag lines at 5% so the default is set lower (e.g. 3.75%). Some securities produce too many zigzag lines at 5% so the default is set higher (e.g. 6.25%). The Zigzag parameter can be seen in the upper left corner of the chart. Once the Zigzag feature is applied, chartists can adjust the parameter to suit their charting needs. A lower number will make the feature more sensitive, while a higher number will make it less sensitive. Click here for a live chart with the Zigzag (Retrace.) feature.






Further Study

Book: Fibonacci Ratios With Pattern Recognition - Larry Pesavento. This book details high probability patterns based on Fibonacci price retracements and projections. These setups are designed to provide good risk-reward setups for traders and investors.

Book: Elliott Wave Principle - Robert Prechter. This highly acclaimed handbook of Elliott Wave Theory is regarded as the definitive work in this area. Prechter covers Fibonacci numbers and ratios, wave analysis, time sequences and cycle analysis.

Twiggs Money Flow

Twiggs Money Flow is a derivation of Chaikin Money Flow indicator, which is in turn derived from the Accumulation Distribution line. However, Twiggs Money Flow makes two basic improvements to the Chaikin Money Flow formula:

To solve the problem with gaps, Twiggs Money Flow uses true range, rather than daily Highs minus Lows.
And, rather than a simple-moving-average-type formula, Twiggs Money Flow applies exponential smoothing, using the method employed by Welles Wilder for many of his indicators.
To know more, please go to:
http://www.incrediblecharts.com/technical/twiggs_money_flow.htm
(See also hyperlink above in "Origin" field)
Formula:
_SECTION_BEGIN("Twiggs Money Flow");
/*
Twiggs Money Flow is a derivation of Chaikin Money Flow indicator, which is in
turn derived from the Accumulation Distribution line.
However, Twiggs Money Flow makes two basic improvements to the Chaikin Money
Flow formula:
1-To solve the problem with gaps, Twiggs Money Flow uses true range, rather
than daily Highs minus Lows.
2-And, rather than a simple-moving-average-type formula, Twiggs Money Flow
applies exponential smoothing, using the method employed by Welles Wilder for
many of his indicators.
*/

periods = Param( "Periods", 21, 5, 200, 1 );
TRH=Max(Ref(C,-1),H);
TRL=Min(Ref(C,-1),L);
TR=TRH-TRL;
ADV=V*((C-TRL)-(TRH-C))/ IIf(TR==0,9999999,TR);
WV=V+(Ref(V,-1)*0);
SmV= Wilders(WV,periods);
SmA= Wilders(ADV,periods);

TMF= IIf(SmV==0,0,SmA/SmV);
Plot( TMF, _DEFAULT_NAME(), ParamColor("color", colorCycle ),
ParamStyle("Style") );
_SECTION_END();

To add color filled into add this code at the bottom before the _SECTION_END ();

=-=-=-=-=-=-=-=-=-=-

Plot( TMF, _DEFAULT_NAME(), ParamColor("color", colorCycle ), ParamStyle("Style") ); //Chris
m = IIf(SmV==0,0,SmA/SmV); //Chris
PlotOHLC( m,m,0,m, _DEFAULT_NAME(), IIf( m > 0, colorGreen, colorRed ), styleCloud); //Chris

=-=-=-=-=-=-=-=-=-=-=-

http://www.amibroker.com/guide/afl/afl_view.php?id=122

TOP 8 TIPS FOR TRADERS/TRADING

"Everybody wants to be rich", and you can become rich if you follow these share trading tips. But, if you don't follow these share trading tips, you'll probably end up broke. Also, If you ever lose money on a trade, make sure you understand why. Re-read these share trading tips and figure out how many of these share trading tips were ignored.

1.) Have a Definite Plan and Stick with It - You must take time after each trading day to analyze the action of the market, consider the technical and fundamentals, then plan what you will do the next trading day - buy, sell, or hold. Before the opening of the market each day, you must recheck your analysis from the previous day. Since, something new could have occurred over night.

2.) Do not Trade Impulsively - The biggest weakness of every trader is giving in to impulse trading. Impulse trading is basically gambling and can cause you to lose the largest amount of money by invoking your emotions of fear, greed and inability to recognize you made a bad trade. Successful traders know they will make bad trades from time to time. But they never hold on stubbornly to a losing position. They try to keep their losses small.

3.) Look for Special Situations - Avoid low volume trading shares. Why waste your time and tie up your funds with inactive shares? Instead, look for shares that offer you an opportunity to gain at least 30% or more in only a few weeks. Usually, this means you must turn your attention away from certain shares you personally like and trade in shares that looks ready to move in a definite direction.

4.) Learn How to Sell Short - To make the most money from share trading you must be ready and willing to sell shares "short". Short selling is the selling of shares that the seller doesn't own. More specifically, a short sale is the sale of a security that isn't owned by the seller, but that is promised to be delivered. In fact, you can make more money faster selling short than you can by going long.

5.) Never Sell A New High - If the market keeps making new highs, there are good reasons for it. It's smarter to be "long", bet on shares rising, and go with the up trend than try to go "short", betting on shares falling, and fight against the trend. There's no way of knowing how high the market may move against you. Wait a few days for a definite indication of a reversal in trend. It might be several days or weeks.

6.) Never Buy A New Low - If the market keeps making new lows, there are good reasons for it. It's smarter to be "short", bet on shares falling, and go with the down trend than try to go "long", betting on shares rising, and fight against the trend. There's no way of knowing how low the market may move against you. Wait a few days for a definite indication of a reversal in trend. It might be several days or weeks.

7.) Trade Only with Funds You can Afford to Lose - If you can't afford to lose whatever money you have, you will find it almost impossible to win. The reason is you won't be able to follow the tips given in this article. And, if you fail to follow these tips, you probably won't make any profits.

8.) Cut Your Losses and Let Your Profits Grow - This is the most important tip. It's also the hardest to follow. But you must embrace this tip or you'll never become rich from trading. Few traders have the discipline to take small losses. If you are one of the few who can do this, you have a very good chance of becoming an elite trader. When most traders make a trade, they believe they're correct. If the market moves against them, they stubbornly hold on. They hate to admit they're wrong. Even when their loss grows larger, they refuse to take that loss and get out. They hope the market will turn around soon and prove them correct or at least move back to reduce their losses. But, more times than not, the market does not return to that level. When you place your order to buy or sell "short", you'll usually know whether you are right or wrong before the week is over. If you are wrong and the trade you made shows a loss of 20% or more, you should get out before the close of the market that day. Taking such a loss takes a lot of courage.

Finally, make sure all of the Share Trading Tips are pointing in the same direction, up or down. If your financial mentor also agrees, then you have a good chance of making a successful trade.

Price Adjustment:

(Thanks and all credit goes to stockpedia)

You might have seen that day after record date, there was a drastic price fall of a particular company. This price is not fallen due to performance or any news of the company. Actually this price is adjusted according to the declared dividend(stock or cash)or right share rate. So, this type of price reduction after record date is called as "Adjustment of Price" for a share. But as we know, there are 3 types of record date. One is for AGM/dividend approval, second is for entitlement of Right Share and third one is for EGM. Normally price is adjusted in case of first two cases. Moreover, the adjustment rate will be different in case of cash/stock/right share.

Adjustment for Stock Dividend:
This adjustement occurs in case of stock dividend. Processes are as below:
1)Find the closing price: We know that no transiction occures on the record date. So, first of all, identify the closing price on day before record date. As for example, record date of Xcompany was 10th April and the last price on 9th April was 1200tk. So, you have consider the 1200tk in this case.
2)Calculate price of 100 shares: As stock dividend/right share is declared as percentage(%), it will be easier if you consider the adjustement for each 100 shares. To calculate the price of 100 shares, multiply the closing price with 100(number of shares). So, from previous example, price of 100 shares is 1200(tk)X 100(shares)= 1,20,000 tk on day-before-record date.
3)Total shares with bonus: Find out total number of shares (Main+Bonus) you will get after record date for each 100 shares. Suppose, The company declared 20% stock dividend. So your number of shares will be 100+20=120 nos if you have 100 shares on record date.
4)Calculate adjustment: Now the adjustment can be done by following formula:
Adjusted Price = Calculated Price of 100 Shares / Total Shares with Bonus
Here, (/)sign means, divided by.

From the example, we have calculated price of 100 shares is 1,20,000tk and number of shares after record date 120nos.
So, adjusted price after record date is, 1,20,000/120 = 1000tk.
You can also get our calculator from [MISC] section under drop-down menu.

Adjustement for Right Share:
1)Find the closing price: Same as 'Stock Dividend'. Please see the Adjustment for Stock Dividend.
2)Calculate price of 100 shares: Same as 'Stock Dividend'.
3)Total shares with right shares: In case of right share, if it is declared as 1R:2(1 Right share of each 2 shares), then the number will be 100+50Right=150nos. If it is declared as percentage(%), calculation will be as like as stock dividend.
4)Deduct the submitted price: To get right share, you have to deposit at least face value for the total amount of right shares you will recieved. Moreover, if company declared premium, you have to add that amount(premium)with face value for each share. From the previous point, we have calculated that you will get 50 right shares for 1R:2, Facevalue of each share is 100tk and suppose premium is 50tk. So you have to deposit 100(facevalue)+50(premium)=150tk for each right share. Total money you have to deposit for that 50 right share is 50X150tk=7500tk. Deduct this amount from the price of 100 shares (1,20,000tk - 7,500tk=1,12,500tk)
5)Calculate adjustment:
Adjusted Price = Deducted Price / Total Shares with Right Shares
Here, (/)sign means, divided by.

From the example, adjusted price is 1,12,500/150 = 750tk.
You can also get our calculator from [MISC] section under drop-down menu.

Adjustment for Cash Dividend:
1)Calulate cash amount: In case of cash dividend, you have identify how much cash you are going to get after record date. If face value of a share is 200 taka, then the price of 100 no. of shares is 100(shares)X 200(taka)= 20,000 taka. In case of 20% cash dividend, you will get 20,000tkX20%= 4,000tk for each 100 shares.
2)Calculate market price of 100 shares: If the price of each share was 1200tk on day-before-record date, then the current market price is 1200(tk)X 100(shares) = 1,20,000tk for each 100 shares.
3)Calculate adjustment:
Adjusted Price = (Current price of 100 shares - Calulated cash amount for 100 shares) / 100

From the example, current market price of 100 shares is 1,20,000tk and calculated cash amount to be recieved from 100 shares is 4,000tk.
So the adjusted price = (1,20,000tk - 4,000tk)/ 100 = 1160tk
You can also get our calculator from [MISC] section under drop-down menu.

data and csv info

http://cid-a8c03527a45e2b75.office.live.com/browse.aspx/CSV

http://stock.projanmo.com/web/dse_trading.php

http://www.stockbangladesh.com/resources/datamatrix

http://dse.com.bd/

http://biasl.net/

http://www.bdstock.com/

http://stockpedia.info/

chartsonly/facebook

http://www.facebook.com/home.php?sk=group_123954747674444¬if_t=group_activity

webs

http://banglanews24.com/

http://www.bdnews24.com/

http://www.usabit.com/

http://www.desipad.com/

afl to calculate risk, profit and RR Ratio

First save the formulae through FORMULA EDITOR. Then click on COMMENTARY. Immediately guru chart commentary will open. After that click on formula in guruchart commentary and click on LOAD button and select the formulae where you have saved. Then change the parametres of entry, stoploss,target for the current chart. Then click on commentary. You will get results.


"Date="+Date();
Entry=10.15;
StopLoss=9.57;
Target=13.97;
"Entry="+WriteVal(Entry);
"StopLoss="+WriteVal(StopLoss);
"Target="+WriteVal(Target);
Risk=(Entry-StopLoss);
RiskPer=((Entry-StopLoss)/Entry)*100;
"Risk%="+WriteVal(RiskPer);
Profit=(Target-Entry);
ProfitPer=((Target-Entry)/Entry)*100;
"Profit%="+WriteVal(ProfitPer);
RRR=(Profit/Risk);
"RRRatio="+WriteVal(RRR);

Formula name: MultiCycle 1.0

Description:

This looks at four different cyclic indicators together at one time. When three oscillators synchronize, this signals a strong buy or sell.

The white dotted line is the Volume Flow Indicator, or VFI. If the VFI is above the zero line, look for synchronized oscillators rising out of an oversold condition -- this is a good buy signal. If VFI is below zero, look for overbought conditions and short, instead.

The REI is Tom DeMark's Range Expansion Index. This is the most leading indicator included here. The DSS is a double-smoothed stochastic, good for timing and exact buy or sell point. And the IFT is the Inverse Fisher Transform function.

This indicator works well for any time frame. All it takes is a little getting used to before you become intuitive with it.

I named it the MultiCycle for lack of a better name.
Formula:

/*
MULTICYCLE 1.0
By Brian Richard
*/

/* Volume Flow Indicator */
Period = Param("VFI Period",26,26,1300,1);
Coef=0.2;
VCoef=Param("Max. vol. cutoff",2.5,2.5,50,1);
inter = log(Avg)-log(Ref(Avg,-1));
Vinter = StDev(inter,30);
Cutoff=Coef*Vinter*Close;
Vave=Ref(MA(V,Period),-1);
Vmax=Vave*Vcoef;
Vc=Min(V,VMax);
MF=Avg-Ref(Avg,-1);
VCP=IIf(MF>Cutoff,VC,IIf(MF<-Cutoff,-VC,0)); VFI1=Sum(VCP,Period)/Vave; VFI=EMA(VFI1,3); /* Double Smoothed Stochastic - DSS */ Slw = 4; Pds = 4; A = EMA((Close-LLV(Low,Pds))/(HHV(H,pds)-LLV(L,Pds)),Slw)*100; DSS = EMA((A-LLV(A,pds))/(HHV(A,Pds)-LLV(A,Pds)),Slw)*100; /* Tom DeMark's Range Expansion Index */ HighMom = H - Ref( H, -2 ); LowMom = L - Ref( L, -2 ); Cond1 = ( H >= Ref( L,-5) OR H >= Ref( L, -6 ) );
Cond2 = ( Ref( H, -2 ) >= Ref( C, -7 ) OR Ref( H, -2 ) >= Ref( C, -8 ) );
Cond3 = ( L <= Ref( H, -5 ) OR L <= Ref( H, -6) );
Cond4 = ( Ref( L, -2 ) <= Ref( C, -7 ) OR Ref( L, -2 ) <= Ref( C, -8 ) );
Cond = ( Cond1 OR Cond2 ) AND ( Cond3 OR Cond4 );
Num = IIf( Cond, HighMom + LowMom, 0 );
Den = abs( HighMom ) + abs( LowMom );
TDREI = 100 * Sum( Num, 5 )/Sum( Den, 5 ) ;

// General - purpose Inverse Fisher Transform function
function InvFisherTfm1( array1 )
{
e2y1 = exp( 2 * array1 );
return ( e2y1 - 1 )/( e2y1 + 1 );
}
function InvFisherTfm2( array2 )
{
e2y2 = exp( 2 * array2 );
return ( e2y2 - 1 )/( e2y2 + 1 );
}
function InvFisherTfm3( array3 )
{
e2y3 = exp( 2 * array3 );
return ( e2y3 - 1 )/( e2y3 + 1 );
}

function InvFisherTfm4( array4 )
{
e2y4 = exp( 2 * array4 );
return ( e2y4 - 1 )/( e2y4 + 1 );
}

Value1 = 0.1 * (DSS-55);
Value2 = WMA( Value1, 5 );

Value3 = 0.1 * ( RSI( 5 ) - 50 );
Value4 = WMA( Value3, 10 );

Value5 = 0.03 * (TDREI);
Value6 = WMA( Value5, 10 );

Value10 = VFI;
Value11 = EMA(VFI,10);

Plot( InvFisherTfm1( Value2 ), "DSS", colorDarkGreen, styleThick );
Plot( InvFisherTfm2( Value4 ), "RSI", colorBlue, styleThick );
Plot( InvFisherTfm3( Value6 ), "REI", colorRed, styleThick );
Plot( InvFisherTfm4( Value11 ), "VFI", colorWhite, styleDots );

Plot(0,"",colorDarkBlue,styleDots);
PlotGrid( 0.5 );
PlotGrid(-0.5 );

Schaff's Trend Cycle - Amibroker

The Schaff Trend Cycle Indicator (STC) by Dough Schaff, was developed to improve upon the speed and accuracy of the MACD indicator when it comes to identifying trends. It uses a MACD Line (the difference between two exponential moving averages) through a reworked stochastic algorithm.

What we get is a faster cycle identifier - an great aid in identifying trend changes and finding faster entries and exits.

Schaff Trend Cycle (STC) oscillates in between 0 and 100 scale.
The 25 level is called a Buy level, the 75 - a Sell level.
The default settings for STC are (10, 23, 50).

Buy Entry:
1. While indicator stays below the 25 - the downtrend is in progress.
2. Once it crosses up above the 25 level - it's the first warning of a changing trend: place a pending Buy order above the corresponding candle on a chart.
3. Wait for the Buy order to be filled. If the order is not filled, and the price continues lower - not a problem. Keep the pending order further while observing Schaff Trend Cycle behavior and new signals.

Opposite true for Sell entries, where the indicator has to cross the 75 level down to send a signal about a trend change setup.

chess

http://www.chess.net/

movie site & forums

http://movielinksmediafire.blogspot.com/2010/12/unstoppable-2010-r5-350mb.html

http://www.downloadsnhacks.net/unstoppable-bluray-mediafire-links

BEAR MARKET AND STOP LOSS

Bear market,Things are quite bad brokers are tensed they are not able to reach their respective brokerage targets,Traders are feeling the heat no easy money by trading in out.

Is there any way to survive Bear market!!!!

Of course easiest would be not to trade:).

Well that's not possible.
Trader will trade

Many Traders or investors have one thing in common in thinking.
Bear market good for investment...
buying in falls would fetch good return...

Now here few valid points to discuss
how long you ready to wait..
A trader who sits in front of live charts would he be able to see his holding getting ripped off 50-80%.
Secondly,How to analyze which fall is good to buy,and which is not.

Answer would be not an easy task.
With the kind off falls we are witnessing in individual stocks Its a daunting task.

Atleast we can figure out how much we are ready to loose if the trade goes against us.
In more technical terms we need to define risk appetite.
There's a very catchy saying "A trader with out risk is like a nude girl in a boy's hostel"

You just cannot risk more than you ready to loose
Also cannot hold on to it as it keeps your money stuck in a bad trade discouraging to to get into a new trade and of course Capital gets eaten up its a cascading effect .
Lets take an example say a trader gets into a trade he makes 2k loss a amateur trader would
risk double capital to recover 2k loss+ 2k profit and may end up losing 4k.
Some one so rightly pointed out
Trading is serious Business.Accept it or forget it:)

Stop loss is best tool to define ones risk,Without stop loss its kind off gambling or wishful thinking
I came across many traders who say every time we put stop loss it gets hit.
Take this with a pinch of salt if your sl hits in more than 50% of your trades think about something else trading is not your cup of of tea.

Pivot Identifier (Amibroker AFL)
Price pivots are best conceptualized with three bars. A three-bar pivot low represents support and is formed when buying pressure turns price from down to up. It is designated by a price bar with a higher low that closes above the previous bar's high, where the previous bar's low is lower than the bar that preceded it. This is true in every time frame.

A three-bar pivot high represents resistance and is formed when sellers turn price from up to down. It is seen where a price bar with a lower high closes below the previous bar's low, where the previous bar's high is higher than the bar that preceded it. Structural pivots are more easily recognized and understood when seen in a diagram or on a price chart. This is true in every time frame. (See the below mentioned figure)


Now I introduce the Pivot identifier AFL for Amibroker. You can also identify important supports and resistances in any time frame. The AFL is as follows (also an image attached):

http://2.bp.blogspot.com/_-XgafoM-JX0/TBo8PTCgomI/AAAAAAAAEr8/btyErbOnn2A/s320/Pivot+Identifier.png

_SECTION_BEGIN("Pivot Identifier");
SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ));
Plot( C, "Close", ParamColor("Color", colorBlack ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() );

dist = 0.5*ATR(10);
//code and plot the pivot top
PivotTop = L < Ref(L,-1) AND H < Ref(H,-1) AND Ref(L,-1) < Ref(L,-2) AND Ref(H,-1) < Ref(H,-2) AND Ref(H,-2) > Ref(H,-3) AND Ref(L,-2) > Ref(L,-3);
PivotBottom = H > Ref(H,-1) AND L > Ref(L,-1) AND
Ref(H,-1) > Ref(H,-2) AND Ref(L,-1) > Ref(L,-2) AND
Ref(L,-2) < Ref(L,-3) AND Ref(H,-2) < Ref(H,-3);
for( i = 0; i < BarCount; i++ )
{
if( PivotTop [i] ) PlotText( "PVT", i-2, H[ i-2 ], colorGreen );
if( PivotBottom [i] ) PlotText( "PVB", i-2, L[ i-2 ] - dist[i] , colorRed );
}
_SECTION_END();

Trapped Traders - Part 1 Written by Lance Beggs

Trapped Traders - Part 1





Trapped traders are a simple concept you may wish to incorporate into your trading strategy, due to its potential to offer higher reliability trade setups.



These are price action based setups in which traders suddenly find themselves trapped in an undesirable situation, either:



a. Stuck in a losing position, desperate to get out; or

b. Stopped out of a position that then moves back in their direction, leaving them desperate to get back in.



The key in both cases is that the price action has placed traders in a position where their normal human emotional response will compel them to make a trade. We can then increase our odds by trading in the same direction as this new surge of order flow.



There are numerous ways this can present itself on a chart. We’ll look at one of my favorites today, and follow up with other trapped trader patterns in future articles.



Today’s pattern is called a 3-swing retrace.



You might also hear it referred to as an ABC correction, or an ABCD correction. It could also be considered in some cases a bull or bear flag.



We’ll start by examining a 3-swing retrace in an uptrend.


http://www.yourtradingcoach.com/images/stories/articles/3-swing-retrace-long.jpg


3-swing retrace - long







The 3 swings in the name refer to price swing AB, followed by BC and CD.



The price action is quite simple. An uptrend leading to:



- A higher high at pivot A, followed by

- A higher low at pivot B,

- A lower high at pivot C,

- A lower low at pivot D, and

- A price reversal back in the direction of the original trend.



The moving average is not essential – it’s just there to make it simpler to see the clear uptrend. And because you’re sure to be wondering, it’s a 20 period EMA. Nothing special about that, although it is a commonly used moving average. Anyway, back to the 3-swing retrace…



Why is this 3-swing retrace a powerful setup? Let’s consider the thought processes of two quite normal traders, trader A and trader B.



Trader A has been watching the uptrend rally from the sidelines, frustrated that he’s missed the move, and desperately seeking any sign of a reversal so he can get on board the next trend early. He’s not going to miss this next trade. Hope comes when he sees the price unable to breach the highs of pivot A, forming the lower high of pivot C. Trader A knows that the definition of an uptrend is a sequence of higher highs and higher lows, so the lower high is a warning sign of possible trend failure which will be confirmed by a break of the pivot low at B. He places an entry order to initiate a short position on a break of B, as is rewarded as a large red candle triggers his entry.



This is quite common thinking. Many traders will see this breakout as a quite reasonable entry point in the short direction. Others will wait for further confirmation such as a close below the pivot low at B, entering at an even worse price. The strong close below the EMA 20 is another bearish sign which should attract other traders seeking an early entry to a reversal.



In this case, the bearish order flow of the reversal traders was insufficient to overcome the force of the uptrend. Price immediately turned and smashed them, via a large green candle closing well above the pivot B breakout entry point and also above the entire red breakout candle.



No-one likes the pain of failure, especially when it comes so rapidly and decisively.



Stops will be triggered, in some cases above the red breakout candle which led to pivot D, or in other cases above the high of pivots C or A. These stop orders, which are a BUY, add to the uptrend bullish order flow, helping to propel price to new highs.



Now let’s consider Trader B. Trader B was lucky enough to catch the original trend and is sitting on a profitable long position. However, as is quite common, Trader B finds it difficult to let profits run. Recognizing the lower high at pivot C, and therefore the potential trend failure, she tightens up the trailing stop to a breakout of the last swing low, pivot B. Stopped out of her position as the red candle moved down to D she feels quite happy with herself and her brilliant tape-reading skills, until the next green candle reaffirms the dominance of the bulls and continues the uptrend without her.



Knowing that she was unfairly stopped out by those damn stop-running brokers who once again were obviously targeting her position, she now scrambles to reenter her position long, either on the close of the green candle, or the breakout above pivots C or A.



Once again, the reentry order, which is a BUY, adds to the bullish order flow helping to propel price to new highs.



All jokes about stop-running brokers aside, this is really quite common. A 3-swing retrace in an uptrend traps the bulls out of their long position, forcing them to have to get back in, and also traps the bears in a losing position, forcing them to get out. Both outcomes, trapped out of a trade, or trapped in a losing trade, lead to further bullish order flow.



Where is our entry?



As soon as we can after the large bullish green candle traps our friends Trader A and B.



Our stop loss of course should be below the pivot D, as price returning to new lows would confirm the failure of our 3-swing retrace setup. Yes, sometimes the trappers can get trapped!!!



Let’s look quickly at a second example, this time in a downtrend.





3-swing retrace - short





This example is not as technically beautiful as the previous one, but then price action patterns are rarely text-book perfect. If you look at the positioning of the labels A to D, you’ll clearly see the 3-swing retracement pattern. In this case we have a downtrend leading to…



- A lower low at pivot A, followed by

- A lower high at pivot B,

- A higher low at pivot C,

- A higher high at pivot D, and

- A price reversal back in the direction of the original trend.





The candle at pivot B offered an excellent rejection of higher prices, perhaps tempting many of the traders in a short position to tighten their stops above this candle. These positions were of course stopped out on the run up to D, trapping the bears out of their position as it then resumed its downward move.



Likewise, anyone entering long on the break above pivot B suffered through a 3 candle pause before being trapped in a drawdown situation.



Both groups of traders, those trapped in a losing long position and those trapped out of a profitable short position, will now contribute to the bearish order flow through their sell orders, as price plummets from pivot D.



We’ll look at more trapped trader patterns in future articles.



Till then, watch out for these patterns when the market is trending. Awareness of these setups can be difficult in real-time as it is quite common for traders to be searching for reversals. It’s important to remember though that trends will often continue a lot further than you can possibly expect. So don’t be too quick to change your bias. Watch counter-trend setups for possible failure opportunities, which often give a great entry back in the original trend direction.

Harmonic Trading 104 (The Butterfly Pattern )

As we begin to learn about the Butterfly Pattern.

I would like to say that it is not easy. And will take some time to fully comprehend the various Fibonacci rations that makes up each Harmonic pattern.*

If you are an average Joe trader such as myself. I suggest that you find a good Harmonics indicator to help with identifying these patterns in the live market. (And connect with more experienced Harmonic traders to help you on your journey.)*

Never trade with out a stop and use good money management.

So Lets Get Started!!!!


The Butterfly Pattern


The Butterfly is considered a reversal pattern. Especially when found at significant tops (Highs) and Bottoms (Lows)


An ideal Butterfly Pattern, has a Fibonacci ratio of a 0.786 retracement of the XA leg as the B point.

That forms an AB=CD pattern of an extended C.D. leg that is 1.27 or 1.618 of the AB leg.

D. will be below X. in a Bullish Butterfly and D. will be above X. in a Bearish Butterfly.

D. is the Bread and Butter point and projection level with the greatest profit potential if the pattern holds true.* Especially when found at significant tops (Highs) and Bottoms (Lows).





This image has been resized. Click this bar to view the full image. The original image is sized 645x355.




This image has been resized. Click this bar to view the full image. The original image is sized 782x351.


GFT-Butterfly-Bullish.pdf
GFT-Butterfly-Bearish.pdf

Elliot waves and Harmonic patterns

Let us have a look at an interesting situation on the Gbp/Aud pair.
The daily chart has the makings of a possible bearish Elliot wave.

As we can see, wave2 was a sharp correction to 78.6 of wave1, and it was a classic 3 wave corrective pattern.
So far, we seem to have completed the wave3 and we can expect a pullback/correction towards the upside for a wave4.
Now, price may still continue towards the down side, thus negating the Elliot wave, but we seem to have a couple of factors pointing to a possible upside correction.
The stochastic indicator has been showing a bullish regular divergence, which indicates an upside move.
We seem to looking a possible bearish Butterfly pattern in the making within the corrective wave4.
So, if the low of EW3 holds, then we can expect some moves to the upside to complete the wave4.
We can estimate the possible levels of resistance of this up move as-
a.) The reversal level “D” of the harmonic pattern.
b.) As per the rules of the Elliot wave, the wave4 should never go into the territory of wave2; hence this could also act as a resistance level. (The red line shown in the chart)

Let us have a detailed look at the harmonic pattern – the bearish butterfly

The point B has formed precisely at the 78.6 of X-A and we are looking for some more down moves to form the point ‘C’.
If price does find support at a fib level (at ‘C’) then we can expect a rally to complete the wave ‘C-D’….which should support the wave4 of the Elliot wave.
Thus the target of this bearish butterfly would be the Fib projection 127.2 of A-D…..which would be the wave5 of the Elliot wave.

When we have 2 different factors pointing to a similar setup, then it becomes a high probability trade.
But again, coming back to our ‘Mantra”.
We don’t assume anything and we don’t predict anything. We wait for price to confirm.
So, if the low of EW3 (the point A of the harmonic pattern) holds, then we can expect a corrective move up – the Elliot wave4 and subsequently the wave5.
If price breaks this low, then it becomes a bearish 123 pattern (as shown in the chart) and we can estimate the targets of this bearish move.
Sunil.
“Act….don’t React”

RADAR FOUNADATION

Radar for The Foundation for Amibroker (AFL)

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1 / 5 (Votes 3)
Click a star to give your rating!

This Radar afl is a combination for Southwind’s foundation.

It has heiken trend indicator as well as macd and histogram with buy sell arrows, with various indicators as bearish hook and bullish hooks warnings.

It also gives blue lines showing strength and yellow lines for change in MACD trend.it works well with SW foundation 13.

Screen shot is attached for benefit of members.

Looks like this is done by karthik M , a good work.

Here is a screenshot of how the indicator looks:

Tags: oscillator, amibroker, exploration

AFL :

// TRADING THE MACD Ver 1.0 by Karthik Marar.



_SECTION_BEGIN("MACD");

r1 = Param( "Fast avg", 12, 2, 200, 1 );

r2 = Param( "Slow avg", 26, 2, 200, 1 );

r3 = Param( "Signal avg", 9, 2, 200, 1 );

r4 = Param( "Wk slow", 17, 2, 200, 1 );

r5 = Param( "Wk fast", 8, 2, 200, 1 );

m1=MACD(r1,r2);

s1=Signal(r1,r2,r3);

GraphXSpace =20;



mycolor=IIf(m1<0>s1, 51,IIf(m1>0 AND m1>s1,colorLime,IIf(m1>0 AND m1Plot( m1, StrFormat(_SECTION_NAME()+"(%g,%g)", r1, r2), mycolor,ParamStyle("MACD style") );

Plot( s1 ,"Signal" + _PARAM_VALUES(), ParamColor("Signal color", colorBlue ), ParamStyle("Signal style") );

histcolor = IIf((m1-s1)-Ref((m1-s1),-1)> 0, colorLime, colorRed );



TimeFrameSet( inDaily );// weekly

m1w=MACD(r4,r5);

s1w=Signal(r4,r5,r3);

kp=m1w-s1w;

kph=Ref(kp,-1);

TimeFrameRestore();



kw=TimeFrameExpand( kp, inDaily ); // expand for display

khw=TimeFrameExpand( kph, inDaily ); // expand for display

mw=TimeFrameExpand( m1w, inDaily ); // expand for display

sw=TimeFrameExpand( s1w, inDaily ); // expand for display



hcolor=IIf(mw<0>sw, 51,IIf(mw>0 AND mw>sw,colorLime,IIf(mw>0 AND mwgcolor=IIf(kw>khw,IIf(kw>0,colorDarkYellow,colorYellow),IIf(kw>0,colorSkyblue,colorBlue));





Plot( m1-s1, "MACD Histogram",  mycolor, styleHistogram | styleThick| styleOwnScale  );



_SECTION_END();



_SECTION_BEGIN("Signals");

//Zero crossover up



j1=Cross(m1,0);

PlotShapes(IIf(j1,shapeDigit1 ,Null),colorPaleGreen,0,Min(0,0),Min(0,0));

PlotShapes(IIf(j1,shapeUpArrow,Null),colorGreen,0,Min(0,0),-10);



// crossover above zero



j2=Cross(m1,s1) AND m1>0;

PlotShapes(IIf(j2,shapeDigit2 ,Null),colorYellow,0,0,0);

PlotShapes(IIf(j2,shapeUpArrow,Null),colorGreen,0,0,-10);



//Zero crossover down



j3=Cross(s1,m1) AND m1>0;

PlotShapes(IIf(j3,shapeDigit3 ,Null),colorOrange,0,Min(0,0),0);

PlotShapes(IIf(j3,shapeDownArrow,Null),colorOrange,0,Min(0,0),-10);



// crossover below zero



j4=Cross(0,m1);

PlotShapes(IIf(j4,shapeDigit3 ,Null),colorRed,0,0,0);

PlotShapes(IIf(j4,shapeDownArrow,Null),colorRed,0,0,-10);



// Histogram peak and troughs

pt=m1-s1;

Tp = Ref(pT,-1) == HHV(pT,3);

Vl = Ref(pT,-1)==LLV(pT,3);

PlotShapes(IIf(Vl AND m1>s1 ,shapeSmallCircle+ shapePositionAbove,shapeNone),IIf(m1<0 ,colorYellow,colorLime),0,0,0);

PlotShapes(IIf(Tp AND m1

//Zeroline reject bearish

zd=BarsSince(j1);

zlrd1=(zd<6 )AND j4;

PlotShapes(IIf(zlrd1,shapeStar+ shapePositionAbove,shapeNone),colorDarkRed,0,0,20);



//hooks bearish

Hu=BarsSince(j2);

Hu1=(Hu<6)AND j3;

PlotShapes(IIf(Hu1,shapeStar+ shapePositionAbove,shapeNone),colorRed,0,0,20);



//Zeroline reject Bullish

zu=BarsSince(j4);

zlru=zu<6 AND j1;

PlotShapes(IIf(zlru,shapeStar+ shapePositionAbove,shapeNone),colorPink,0,0,20);



//Hook Bullish

Hd=BarsSince(j3);

Hd1=Hd<6 AND j2;

PlotShapes(IIf(Hd1,shapeStar+ shapePositionAbove,shapeNone),colorLime,0,0,20);



//ADX related calculations

plus=EMA(PDI(14),3)>Ref(EMA(PDI(14),3),-5);

ap=EMA(ADX(14),3)>Ref(EMA(ADX(14),3),-5);

Minus=EMA(MDI(14),3)>Ref(EMA(MDI(14),3),-5);



//Power Dips - Bullish

PDIp=ADX(14)>MDI(14) AND PDI(14)>MDI(14) AND ap AND Vl AND m1>s1 AND plus ;

PlotShapes(IIf(PDIp,shapeHollowCircle+ shapePositionAbove,shapeNone),colorCustom12,0,0,0);



//power buys

pr2=ADX(14)>20 AND PDI(14)>20 AND ADX(14)>MDI(14) AND PDI(14)>MDI(14) AND plus AND j2;

PlotShapes(IIf(pr2,shapeHollowCircle+ shapePositionAbove,shapeNone),colorCustom12,0,0,20);



//Power Dips - Bearish

PDIm=ADX(14)>PDI(14) AND MDI(14)>PDI(14) AND ap AND Tp AND m1PlotShapes(IIf(PDIm,shapeHollowCircle+ shapePositionAbove,shapeNone),colorWhite,0,0,0);



//Power shorts

sr2=ADX(14)>20 AND MDI(14)>20 AND ADX(14)>PDI(14) AND MDI(14)>PDI(14) AND Minus AND j4;

PlotShapes(IIf(sr2,shapeHollowCircle+ shapePositionAbove,shapeNone),colorRed,0,0,-20);



//powerbuy2

pr2a=ADX(14)>20 AND PDI(14)>20 AND ADX(14)>MDI(14) AND PDI(14)>MDI(14) AND  plus AND j1;

PlotShapes(IIf(pr2a,shapeHollowCircle+ shapePositionAbove,shapeNone),colorCustom12,0,0,20);

_SECTION_END();



_SECTION_BEGIN("Exploration");

Filter = j1 OR j2 OR j3 OR j4 OR PDIp OR PDIm OR pr2 OR sr2 ;



AddColumn(j1,"ZL UP",1);

AddColumn(J2,"MA Up",1);

AddColumn(j3,"MA DN",1);

AddColumn(J4,"ZL DN",1);

AddColumn(PDIp,"PDIP UP",1);

AddColumn(pr2,"PHK UP",1);

AddColumn(PDIm,"PDIP DN",1);

AddColumn(sr2,"PHk UP",1);

_SECTION_END();



_SECTION_BEGIN("Display the Signals");

Title = "Trading the MACD" + " - " +  Name() + " - " + EncodeColor(colorRed)+ Interval(2) + EncodeColor() +



"  - " + Date() +" - " +EncodeColor(colorLime)+ "MACD= "+WriteVal(m1)+"--"+EncodeColor(colorYellow)+

WriteIf (j1, " MACD Crossed above zero","")+

WriteIf (j2, " Bullish crossover above zero","")+

WriteIf (j4, " MACD Crossed below Zero","")+

WriteIf (j3, " Bearish crossover above zero","")+

WriteIf (PDIP, "  Bullish Power Dip","")+

WriteIf (pr2, " & Power Buy","")+

WriteIf (sr2, " & Power Short","")+

WriteIf (PDIm, " Bearish Power Dip","")+

WriteIf (Hd1, " & Bullish Hook","")+

WriteIf (Hu1, " & Bearish Hook","")+

WriteIf (zlrd1, " & Bearish zeroline Reject","")+

WriteIf (zlru, " & Bullish Zeroline Reject","");

_SECTION_END();













































_SECTION_BEGIN("Earth-2");

//Copyright 9Trading.com

VAR2=(High+Low+(Close)*(2))/(4);

B = ((EMA((VAR2-LLV(VAR2,15))/(HHV(Low,15)-LLV(VAR2,15)),2))*(38));

Plot(b, "", 4, 1+4);

bot1 = ((((-1))*(EMA((VAR2-LLV(VAR2,15))/(HHV(Low,15)-LLV(VAR2,15)),2))+0.01)*(38));

Plot(bot1, "", 4, 1+4);

VAR22=((Close-LLV(Low,10))/(HHV(High,10)-LLV(Low,10)))*(100);

VAR33=EMA(VAR22,10);

VAR44=EMA(VAR33,10);

VAR55=(3)*(VAR33)-(2)*(VAR44);

VAR66=EMA(VAR55,5);

BridgeT = (EMA(VAR66,1));

Plot(bridget, "", IIf(bridget > Ref(bridget,-1),colorBlue,colorYellow), 1+4);

Plot(-bridget, "", IIf(bridget > Ref(bridget,-1),colorBlue,colorYellow), 1+4);



trend = (5)*(EMA(((Close-LLV(Low,27))/(HHV(High,27)-LLV(Low,27)))*(100),5))-

   (3)*(EMA(EMA(((Close-LLV(Low,27))/(HHV(High,27)-LLV(Low,27)))*(100),5),3))-

   EMA(EMA(EMA(((Close-LLV(Low,27))/(HHV(High,27)-LLV(Low,27)))*(100),5),3),2);

Buy1 = Cross(trend,5);

PlotShapes( IIf( Buy1, shapeSmallSquare, shapeNone ), colorGreen, layer = 0, yposition = 0, offset = 3  );

PlotShapes( IIf( Buy1, shapeSmallSquare, shapeNone ),colorGreen, layer = 0, yposition = 0, offset = -4  );



VARA1=((Close>=Ref(Close,-1)) AND (Ref(Close,-1)>=Ref(Close,-2)) AND (Ref(Close,-1)<=Ref(Close,-3))

      AND (Ref(Close,-2)<=Ref(Close,-3)) AND ((Ref(Close,-4)>Ref(Close,-2)) OR (Ref(Close,-4)<=Ref(Close,-2))

      AND (Ref(Close,-5)>=Ref(Close,-3))) OR (Close>=Ref(Close,-1)) AND (Ref(Close,-1)<=Ref(Close,-2))

      AND (Close>=Ref(Close,-2)) AND ((Ref(Close,-3)>Ref(Close,-1)) OR (Ref(Close,-3)<=Ref(Close,-1))

      AND (Ref(Close,-4)>=Ref(Close,-2))));

VARA2=LLV(Low,5);

VARA3=HHV(High,5);

VARA4=EMA(((Close-VARA2)/(VARA3-VARA2))*(100),4);

VARA5=EMA((0.66699999)*(Ref(VARA4,-1))+(0.333)*(VARA4),2);

VARA6=(VARA5<24) AND (Open

Buy2 =IIf(VARA1 AND (VARA6),30,0);

Plot(Buy2, "", 8,2+4);

Plot(-Buy2, "", 8,2+4);



_N(Title = StrFormat("\\c02.{{NAME}} | {{DATE}} | {{VALUES}}")+EncodeColor(colorBrightGreen)+WriteIf(Buy2==30,"BuySignal-A","" )+EncodeColor(colorBrightGreen)+WriteIf(Buy1==1," | BuySignal-B",""));





_SECTION_BEGIN("Earth-3");

n = Param("Periods", 14, 5, 25, 1 );

var6=(2*Close+High+Low)/4;

var7=LLV(L,n);

var8=HHV(H,n);

var9=EMA((var6-var7)/(var8-var7)*100,5);

varA=EMA(0.333*Ref(var9,-1)+0.667*var9,3);

UP=Var9;

DOWN=Vara;

barcolor2=

IIf( (Ref(up,-1)>Ref(down,-1) AND Ref(up,-1)>up AND up>down )

 OR (Ref(up,-1) , colorBlue,

 IIf(up>down,5,4));

Plot(0,"",barcolor2,styleLine);



_SECTION_END();



_SECTION_BEGIN("Earth-1");

EB1 = Close > Ref(Close, -1) AND Ref(Close, -1) > Ref(Close, -2) AND Ref(Close, -1) <>= Ref(Close, -5) ),IIf(Ref(Close, -5) < Ref(Close, -6), 1,Ref(Close, -6) < Ref(Close, -7))));

ES1 = Close <> Ref(Close, -3) AND IIf(Ref(Close, -3) > Ref(Close, -4), 1, IIf(Ref(Close, -4) > Ref(Close, -5),Ref(Close, -1) > Ref(Close, -4) OR( Ref(Close, -2) > Ref(Close, -4) AND Ref(Close, -3) <= Ref(Close, -5) ),IIf(Ref(Close, -5) > Ref(Close, -6), 1,Ref(Close, -6) > Ref(Close, -7))));

PlotShapes( IIf( EB1, shapeHollowSmallSquare, shapeNone ), colorWhite, layer = 0, 0, 0  );

PlotShapes( IIf( ES1, shapeHollowSmallSquare, shapeNone ), colorOrange, layer = 0, 0, 0 );

_SECTION_END();



_SECTION_BEGIN("Exploration");

LastBar = Cum( 1 ) == LastValue( Cum( 1 ) ); 

Filter = LastBar;



pfrom = Param("Price From", 0, 0, 1000, 0.5 );

pto = Param("Price To", 1000, 0, 1000, 0.5 );

Minv = Param("Minimum Volume (K)", 500, 0, 1000, 50);

dd = Param("Decimal Digits", 1.2, 1, 1.7, 0.1 );



EB21= Buy1;

EB22=Buy2;

//Filter = Buy AND C>pfrom AND C1000*Minv;

Color = IIf(Close>Open, colorGreen, colorRed);

bcolor = IIf(Buy1 OR Buy2, colorGreen, 1);

AddTextColumn(WriteIf(EB1,"Buy",WriteIf(ES1,"Sell","")),"Earth-1",colorDefault,-1);

AddTextColumn(WriteIf(Buy1==1,"Buy-A"," "),"Earth-2a",colorDefault,-1);

AddTextColumn(WriteIf(Buy2==30,"Buy-B"," "),"Earth-2b",colorDefault,-1);

AddTextColumn(WriteIf(bridget > Ref(bridget,-1) AND Ref(bridget,-1)Ref(bridget,-2),"Sell","")),"Earth-2c",colorDefault,-1);

AddTextColumn(WriteIf(barcolor2==colorBlue,"Modarate",WriteIf(barcolor2==4,"Buy",WriteIf(barcolor2==5,"Sell",""))),"Earth-3",colorDefault,-1);

//AddColumn(Buy, "Buy" , 1.1, bcolor);

//AddColumn(O, "Open", dd, textColor = Color);

//AddColumn(C, "Close", dd, textColor = Color);

//AddColumn(V, "Volume", 1, textColor = Color);

//AddTextColumn(FullName(),"Name");

_SECTION_END();





















// created by chandrakant

//modified on 120309..credit goes to of Karthik sir



/*1. Here are some observations to keep in mind that will help assure

you are in a good trending move which is detrimental to the success

of the trade moving higher before the inevitable over exhausted trend.



2 Consider only going long on the 5M if the 30M (two rows above) is also blue.



3 Consider the 1hr row as well being blue since it has an effect too.



4 The 15M row has to be blue with NO exceptions



5 The 30M row if blue has less effect on the trade as compared to the 15M row

but keep this in mind. The 30M row being blue helps the 15M row continue to stay blue.



6 The 1hr row has even less effect OR importance but it too keeps the 30M

from weakening to some minor degree.

*/

// Define label bar (x) position location



blankRightBars = 5; //insert actual blank right bars specified in Preferences

barsInView = Status("lastvisiblebarindex") - Status("firstvisiblebarindex") - blankRightBars;

Offset = Param("Offset Bar", 0.95, 0, 1, 0.01);

textOffset = BarCount - (Offset * barsInView);



_SECTION_BEGIN("default");

HaClose =EMA((O+H+L+C)/4,3);

HaOpen = AMA( Ref( HaClose, -1 ), 0.5 );

HaHigh = Max( H, Max( HaClose, HaOpen ) );

HaLow = Min( L, Min( HaClose, HaOpen ) );

PlotText("Heinkein 4T tf :"+Interval(2), textoffset, 41.01, colorYellow);



Color = IIf( Haopen > Haclose,4, IIf( Haopen == Haclose,colorYellow, 6));

Plot(10,"", Color,  styleHistogram+styleThick|styleOwnScale|styleNoLabel, 0, 100 );

Plot( 11,"",colorBlack,styleOwnScale|styleArea|styleNoLabel,0, 100 );



_SECTION_BEGIN("4");

Compress4= Param("Compression4",8,2,10,1);

TimeFrameSet(Compress4* Interval());

HaClose4 =EMA((O+H+L+C)/4,3);

HaOpen4 = AMA( Ref( HaClose4, -1 ), 0.5 );

HaHigh4 = Max( H, Max( HaClose4, HaOpen4 ) );

HaLow4 = Min( L, Min( HaClose4, HaOpen4 ) );

PlotText("Heinkein 4T tf :"+Interval(2), textoffset, 41.14, colorYellow);

TimeFrameRestore();

HAopen4f=TimeFrameExpand( Haopen4, Compress4* Interval()); 

Haclose4f=TimeFrameExpand( Haclose4, Compress4* Interval());

HaHigh4f=TimeFrameExpand( Hahigh4, Compress4* Interval());

HaLow4f=TimeFrameExpand( Halow4, Compress4* Interval());

Color4 = IIf( Haopen4f > Haclose4f,4, IIf( Haopen4f == Haclose4f ,colorYellow, 6));

Plot(10,"", Color4,  styleHistogram+styleThick|styleOwnScale|styleNoLabel, 0, 100 );

Plot( 41,"",colorBlack,styleOwnScale|styleArea|styleNoLabel,0, 100 );

_N(Title = "{{NAME}} - {{INTERVAL}} {{DATE}} "+_DEFAULT_NAME()+" : {{OHLCX}} {{VALUES}}" );