Tuesday, May 31

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, MACD, ADX and few more technical interpretations on the left side of the charting space. At a first time giving a impression that the trading system is much complicated. But it all just a combo Package of simple trading interpretations. Moreover I hadn’t explored much with this indicator. If you have free time then just go through the indicator.

The color of the Heiken Ashi candle shows blue color for the uptrend and yellow for the sideways trend and the red color to indicate the downtrend. The Colored Candles of  nifty daily chart is shown above.

Download The Foundation Southwind AFL

To Install this indicator
1) Extract the Foundation-Int.rar and save it in your local Hard disk drive
2) Copy JurikLib.dll and kpami.dll and paste it in your Amibroker Plugin folder which is by default C:\Program Files\AmiBroker\Plugins
3) Copy T3_include.afl to the AFL formula-include folder which is by default C:\Program Files\AmiBroker\Formulas\Include
4) Copy The Foundation v13.00.afl and paste it in AFL formula-custom folder C:\Program Files\AmiBroker\Formulas\Custom
5) Now to view the charts Open Amibroker and goto File->New->New Chart
6) Then goto View->Charts and select the afl from the left plane under the Custom folder
7) Then set the background to black. To do so goto Tools->Preference and select the color tab and set the background color to Black

Its all done now the colourful AFL is ready! 

If you have any query regarding the installation feel free to ask.

Monday, May 30

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 do these scams look like? There are many different types floating around the Internet, so it would be impossible to identify them all – besides a new one will pop up tomorrow. However, there are some signs you can look for:
  • Someone you don’t know promises you an “inside” deal. Why would a stranger pick you out to make rich? Does that make any sense?
  • You are offered a can’t miss trading system guaranteed (or your money back) to make you rich. There is no such system – and if there were, why would anyone want to sell it?
  • There are no secrets, no passwords, no unrevealed whatever. Don’t pay for anything like this.
  • Someone has a very complicated scheme involving offshore bank financing or gemstones or oil leases in Uzbekistan to make you rich. Why get involved in a complicated scheme you don’t understand (there’s a reason you don’t understand it – it’s designed that way), when there are plenty of opportunities that are legal and you can understand.

Popular Scam

One of the most popular stock schemes is called “pump and dump.” Here’s how it works.
A group of crooks buys up a block of stock in a little know company, preferably one that has a semi-exciting technology name. They get on the Internet and begin flooding cyberspace with false rumors about how this company has some breakthrough technology or just signed a super deal.
They may even develop phony letterhead and send out press releases about the company. In some cases, the company knows nothing about the scheme. It becomes a victim too. In other cases, company insiders execute the scheme.
If the crooks are successful, the stock’s price will jump as they convince people they are getting in on the ground floor of some big deal.
After the stock goes up, the crooks decide when they think it has gone as far as it will go and then they sell their big block of stock for a fat profit. When they sell, the price drops and all the people they conned into buying lose money.
A variation of this scheme is for the investors to short a stock then hop on the Internet and spread lies about how the company is in trouble or about to face some criminal proceeding. When the stock drops, the short sellers cover their positions for a big profit.

Conclusion

Schemes come in many forms to separate you from your money. They all have one thing in common: very high returns. The sad truth is that many people fall for these schemes because their greed overcomes their reason. Don’t let this happen to you.

Sunday, May 29

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 is a Bull vs Bear volume indicators.
The green bars indicates Bull volumes and red bars indicates bear volumes.when the green bars crosses red bars upwards indicates buy signal, when the green bars crosses red bars downwards indicates a sell signal. please see the red circles in the above pictures for reference.

(provides a more easily visible display of rising and falling bull/bear
volume convergence) – toggle via parameter window
-posiitive Volume exceeding negative Volume: Light shadow
-negative volume exceeding positive volume: dark shadow
-if you use standard gray background – best shadows are:
-my greys: 14 = (216, 216, 216); 15 = (168, 168, 168));
-best substitute? using AB color constants?
-light: colorpalegreen; dark: colorRose;?
-(depends on your color scheme – customize to your tastes)

AFL: Download the Alligator Indicator , Bull vs Bear Volume Indicator Afl's (to download click on afl name) (download this afl file, unzip and paste it in custom folder under Formals in AmiBroker)

Saturday, May 28

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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