Thanks Rajiv
There is one change in this though
+DMI and -DMI
my nderstanding is based on squeeze
when the BB sqeeze is tight there is likely to be a breakout
Now break out in what direction up or down
for this i checked the adx +DMI and -DMI
so , the break is likely to be in the direction where the +DMI and -DMI are moving
hence,
if difference of +DMI and -DMI= positive value greater then 10 then it is a buy long
similarly
if difference of +DMI and -DMI= negative value greater then 10( i mean -11,-12,...-17) then it is a sell short.
let us squeeze the parametrs and make
bbdiff<=1
and
midiff>=10
Nasik.
From: Rajiv Arya <rajivary...@hotmail.com>
To: amibroker@yahoogroups.com
Sent: Tue, December 15, 2009 1:07:33 AM
Subject: RE: [amibroker] Bollinger and ADX scan
BBdiff=bbandTop- bbandBot;
midiff=pdi(range) -mdi(range) ;
filter=(bbdiff<=5) and (midiff>=5);
R
To: Technical-Investor@ yahoogroups. com
CC: amibro...@yahoogrou ps.com; amibroker.at@ yahoogroups. com
From: deepakpatade@ yahoo.com
Date: Mon, 14 Dec 2009 07:42:47 -0800
Subject: [amibroker] Bollinger and ADX scan
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