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 TripPrice That Moves Against a Strong Trend Will Rebound Sharply 2. Coiled SpringConstricted Price Gives Way to Directional Movement 3. Finger FinderCandles Flag Reversals in the Next-Smaller Time Frame 4.Hole-in-the-WallGap Downs after Strong Rallies Signal a Trend Change 5. Power SpikeHigh-Volume Events Print the Future Direction of Price 6. Bear HugWeak Markets Drop Quickly after Rallying into Resistance 7. 3rd WatchBreakouts through Triple Tops Signal Major Uptrends Can you share the afl in case you have attempted it. Regards, Mandar