The Foundation Southwind AFL

Here is an interesting and colourful AFL code which i found it over the web coded by Mr.Southwind (Dont know who he was… But simply the AFL code reads so). This is a very simple and easy afl for beginners. The Foundation by Souwind AFL It is a combination of many good indicators. When i explored the AFL code it contains the Heiken Ashi candle and as usual ATR trailing stop loss line along with the Heiken Ashi candle. And more technical indications like Support-Resistance Pivot Basic Stochastic ,RSI,...

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Don't be a Victim of Investing Scams

Don’t be a victim of an investment scam. It is easier than you think for crooks to con you out of your hard earned money if you let your guard down. Investment scams come in many forms and the Internet has just made it easier and faster for these vultures to feed on investors tempted by the possibility of an “inside deal.” The people who run these scams range from the very crude and clumsy to the highly polished and sophisticated who wrap their con games in such an air of legitimacy it may be hard to see the truth. The Scams What...

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Alligator + Bull vs Bear Volume

In this picture two afl's have been used. One is Alligator and another is Bull vs Bear volume afl. First part of this picture is an accurate Alligator indicator based on the mid price and smoothed as Bill Williams specifies. This Alligator is also projected into the future as Williams prefers. We have discussed earlier about Alligator Trading system earlier, please see our previous post to know about alligator system. Alligator and Bull vs Bear Indicator The second part of the picture...

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Price Breakout Detection Exploration for Amibroker (AFL)

This is a very good formula developed by Rasheed to show horizontal support and resistance lines to detect price breakouts. The formula was then modified by NWTrader to add exploration for breakouts. I also made some minor modifications to the code to make it look better. Here is a screenshot of how the indicator looks: Bullish Breakout AFL: Price Breakout Detection (to download afl click here) (download this afl file, unzip and paste it in custom folder under Formals in AmiBroker) ...

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Make profit by 3*13*39 Moving Average Method

Most people are comfortable with the herd, market rumours, broker tips, etc. But by confirming your trading decision with the help of this trading system, you will be on the way to more profitable trading. This simple and robust trading systems will not only identify trends, but will also provide you with entry and exit trading signals. The Trading System Remember the numbers 3 x 13 = 39 Simple daily moving averages of 3,13 and 39 can keep you in and out of markets fairly efficiently and...

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Is ADX the best Technical Indicator?

ADX (Average Directional Movement indicator), most of the peoples are saying that ADX is probably the best indicator. ADX was developed by J. Welles Wilder in order to evaluate the strength of the current trend. Technical Analysis of Delta Spinning as per ADX It is an oscillator that fluctuates between 0 and 100. Below 20, it indicates a weak trend and while above 40, it indicates a strong trend.Another two indicators come with ADX, they are called the Positive Directional Indicator...

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