Amibroker AFL for the Bullish Harami Pattern

How to trade the bullish harami pattern

The bullish harami¬†candlestick pattern is a 2 day reversal pattern that is often used to alert investors of impending market strength. Bullish Harami Pattern Rules The price must be in a down-trend. The first day is a large down day. The second day is a small range day. The second day opens lower than the…

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The ClenowPlunger Amibroker AFL

This article explains how to code the ClenowPlunger using Amibroker. The indicator can be used to take advantage of trend-followers pain.

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How to Write the Hammer Candlestick Pattern in Amibroker

Continuing the series of how to clearly define the various candlestick patterns that you can trade, todays article will explain how to write the hammer candlestick pattern using amibroker’s formula language. The benefit of coding a candlestick pattern is that you will be able to screen for the pattern each evening, or better still, back-test…

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How to Write the Inverted Hammer Pattern in Amibroker

In this article you will learn a simple way to code the inverted hammer pattern using Amibroker. To begin, we must first define the rules that govern the pattern. Seeing that Steve Nison is the most well-known author of candlestick charting methods, we can begin our construction of the inverted hammer pattern by using the…

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How to improve the bullish engulfing pattern.

When testing certain chart patterns it is sometimes useful to filter the markets that you are testing by the length of time that they have been in either an up-trend or a down-trend. For example, the bullish engulfing candlestick pattern is known to be a reversal signal of a down-trend. When testing the pattern, it…

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Bearish Kicker Signal – Short $VOD

Using the Amibroker AFL code from yesterday’s article, our bearish kicker signal scan has found a stock for us to trade on tomorrow’s open. Short $VOD The trade is to go short $VOD on the open of Friday 11/04/14. Hold the trade for 2 days. Close on the open of the third day. Unless the…

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Amibroker AFL for the bearish Kicker Candlestick pattern

One of the ways that I play the market short is to scan for bearish kicker candlestick patterns. I can’t be sure whether it was Steven Bigalow who created the term, although I think I read about the pattern first in his book so I’ll give him credit. The bearish kicker is a 2 day…

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Correlation Matrix and New Trade Ideas

It’s been a bit quiet in the equity markets for our standard breakout model, with only one trade being entered during the past week. If you’re curious, that trade was a buy entry for $NLS at the open of today. I was able to tweet the trade before entry but didn’t have time to write…

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New Trade idea: Buy $NRZ

There has been very few stocks found by our fundamantal screeners over the past couple of weeks, which may be a sign that the market is about to weaken a little. Having said that, our daily screener has found a real estate investement trust which recently reported earnings and also declared a dividend of $0.175…

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Canary In The Coal Mine?

If you have recently read my book it would be quite conceivable that you’re thinking ‘Great, but what’s the use if there are never any signals!’ I would understand. The daily breakout model watch-list that we use has given us slim picking recently. But for me, that is not a bad thing. The beauty of…

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