Thanks a lot CHIEF....for the prompt and descriptive reply
--- On Wed, 3/11/09, jorgen_wallgren <[email protected]> wrote: From: jorgen_wallgren <[email protected]> Subject: [amibroker] Re: AFL for Intraday To: [email protected] Date: Wednesday, March 11, 2009, 9:48 PM It's a simple code, using the Japanese Heikin-Ashi method and with the current settings, I use it for 1 & 5 minute bars for intraday trading. Then you should see Buy/Sell arrows. Once a signal is confirmed, I let other indicators and my own judgement decide if it's a Go/No Go. As you will see, it's very accurate in specific market conditions, but when the Bollinger band start to close in, it will give you "false" signals. I never go with one signal only. This one together with Bollinger Band, and my Heatmap (I just posted on the AFL Library) give me good info for taking the right decission- most of the time. But as Many people said before me, and it's first now I start to realize it (newbie), the best indicators are the price and volume. :-) I hope that helps. Jorgen
