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[amibroker-ts] setting up scans for 7 bells described by Alan Farley

mandar joshi
Wed, 08 Aug 2007 05:18:40 -0700

Hi All,
I am a new member to this group and also fairly new to AmiBroker. 
I was reading a book by Alan Farley "The Master Swing Trader" in which
he described 7 bells - swing trading strategies. The problem is - a
lot of those strategies are based on chart patterns and difficult to
catch in a scan based on some indicator. 

However i wonder if any one has attempted writing scans for any of
those strategies. My attempt would be to write such scans so that
initial filtering of stocks can be automated and then I can do further
analysis of charts to zero in on trades. But if someone on the group
has attempted it already, it would give me a headstart. 

Some of the strategies he mentioned are:
1. Dip Trip—Price That Moves Against a Strong Trend Will Rebound Sharply 
2. Coiled Spring—Constricted Price Gives Way to Directional Movement 
3. Finger Finder—Candles Flag Reversals in the Next-Smaller Time Frame
4.Hole-in-the-Wall—Gap Downs after Strong Rallies Signal a Trend Change
5. Power Spike—High-Volume Events Print the Future Direction of Price 
6. Bear Hug—Weak Markets Drop Quickly after Rallying into Resistance 
7. 3rd Watch—Breakouts through Triple Tops Signal Major Uptrends

Can you share the afl in case you have attempted it. 
Regards,
Mandar

  • [amibroker-ts] setting up scans for 7 bells described by Alan Farley mandar joshi