The best method for long term success in Stock market is to catch the trend and stay with it. The basic premise behind this assumption is the fact that the ongoing trend continues for a decent time period. It’s difficult to manually scan all the stocks and spot the trending ones. This Amibroker exploration AFL for Trending stocks screener would make this task easier for you. It scans across all the stocks in your database and assigns Trend score to them. A trend score of greater than 5 signals upward trending stocks while trend score of less than 2 signals downward trending stocks. Anything between 2 to 5 is a state of confusion and you should avoid investing on such stocks.
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Trending Stocks Screener – AFL Overview
|Indicators Used||Simple Moving Average, Bollinger Bands, MACD, Aroon Indicator, Stochastic Indicator, RSI, MFI|
|Trend Score Calculation||Initial Trend Score is zero. 1 point is added for each Bullish condition met. If no Bullish conditions met then Trend score=0, if all Bullish conditions met then Trend score=7|
Trending Stocks Screener – AFL Code
Please download the AFL code from the below link:
How to use Trending Stocks Screener ?
Step 1: Copy the AFL code from above and set it up in your local Amibroker.
Step 2: Download and setup EOD data for your preferred exchange.
Step 3: Goto Analysis–>Explore. In the range drop-down select ‘1 recent bar’.
Step 4: In the results, you would be able to see the Trend score for each scrip. A trend score of greater than 5 signals bullish stocks while trend score of less than 2 signals bearish stocks
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