Against all odds, written by Thierry HUITEL is based on Jim Varney’s work–CANDLESTOCHASTICS. This Amibroker Exploration is a scan for 24 different buy or sell signals that selects days when several bullish or bearish indicators are triggered at the same time. We have modified the original exploration AFL in order to add Buy/Sell signals. This exploration has high success probability as 24 indicators are tested simultaneously for confirmation. You can even add your own indicator in this system. The aim of the exploration is to find days when many bullish or bearish signs are triggered at the same time. If 5 indicators give a buy advice, it is more reliable than one. The symbols are sorted based on volume Index, which is the ratio of current day’s volume and 14 days average volume. The best signals are indicated when Volume Index is 2 or greater.
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Below are the list of indicators used in this Amibroker Exploration:
PCL[up]: Piercing Line, “up” signifies Bullish.
MDS[up]: Morning Doji Star
BLE[up]: Bullish Engulfing
BRE[dn]: Bearish Engulfing, “dn” signifies Bearish.
DCC[dn]: Dark Cloud Cover
EDS[dn]: Evening Doji Star
TDREI[up] & [dn]: Tom DeMark’s Range Expansion Index
KUP[up] & [dn]: Keltner Bands -DIMITRIS TSOKAKIS
RSI[up] & [dn]: Relative Strength Index 14 periods
MFI[up] & [dn]: Money Flow Index
ST2[up] & [dn]: Stochastic Slow – Donald Dalley
DIV[up] & [dn]: % R divergence -DIMITRIS TSOKAKIS
KST[up] & [dn]: MARTIN PRING’S KST MOMENTUM SYSTEM
COP[up]: Coppock Curve TJ
SMH[up] & [dn]: smash day pattern. DIMA
CHK[up] & [dn]: Chaikin Money Flow. Thierry Huitel
A “1” in the column signifies TRUE, a “0” indicates no signal.
|Indicators Used||24 indicators as shown above|
|Buy Condition||When there is Buy signal in 6 or more indicators.|
|Short Condition||When there is Sell signal in 6 or more indicators.|
|Sell Condition||When there is Sell signal in 4 or more indicators.|
|Cover Condition||When there is Buy signal in 4 or more indicators.|
Amibroker Exploration Code
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Amibroker Exploration Screenshot
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