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0 Ranbaxy Labs

| Sunday, 28 April 2013
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Ranbaxy Labs

Posted by : Prasad Rao
Date : Sunday, 28 April 2013
With 0 comments

0 Cairn India

| Friday, 26 April 2013
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Cairn India

Posted by : Prasad Rao
Date : Friday, 26 April 2013
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0 Jubilant Foods

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Jubilant Foods

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0 Post Mort-em of Infy

| Wednesday, 24 April 2013
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The month of April was a month of opportunities for those who could hit the nail with proper technical analysis. 

I was too busy with Maruti,SBIN,ICICI,HDFC,Bajaj,Hero,Pantaloon,LT etc. This made me skip Infy. 

Today in my leisure I just happened to check Infy as to did TA provide some signals prior to the fall of Infy. And here I got something very interesting in the charts of Infy prior to the fall.  

Post Mort-em of Infy

Posted by : Prasad Rao
Date : Wednesday, 24 April 2013
With 0 comments

0 Tata Steel

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                                       Notice divergences on major indicators

Tata Steel

Posted by : Prasad Rao
Date :
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3 OPEN INTEREST % CHANGE

| Monday, 22 April 2013
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OPEN INTEREST % CHANGE

Posted by : Prasad Rao
Date : Monday, 22 April 2013
With 3 comments

0 NIFTY

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NIFTY

Posted by : Prasad Rao
Date :
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0 Ranbaxy Labs

| Sunday, 21 April 2013
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Ranbaxy Labs

Posted by : Prasad Rao
Date : Sunday, 21 April 2013
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0 Open Interest Change in %

| Wednesday, 17 April 2013
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Open Interest Change in %

Posted by : Prasad Rao
Date : Wednesday, 17 April 2013
With 0 comments

0 Century Textiles

| Tuesday, 16 April 2013
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Century Textiles

Posted by : Prasad Rao
Date : Tuesday, 16 April 2013
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0 Allahabad Bank

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Ar. Watch ADX and HPI.

Allahabad Bank

Posted by : Prasad Rao
Date :
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0 LIC Housing

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Ar. Watch HPI and ADX

LIC Housing

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0 HCL Tech

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Showing a bit negative may be due to Infy effect over the past 3 days. HCL Tech would announce its results tomorrow. The Fundamentals would decide further direction of HCL.

HCL Tech

Posted by : Prasad Rao
Date :
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0 Hero Motoco Updated

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Watch MACD, ADX and HPI

Hero Motoco Updated

Posted by : Prasad Rao
Date :
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1 M&M - Updated

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Watch ADX, MACD and HPI

M&M - Updated

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Date :
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0 M&M

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M&M

Posted by : Prasad Rao
Date :
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0 Hero Moto

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Hero Moto

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Date :
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0 SBI

| Monday, 15 April 2013
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SBI

Posted by : Prasad Rao
Date : Monday, 15 April 2013
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0 Ambuja Cements

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Watch MACD, ADX and HPI.

Ambuja Cements

Posted by : Prasad Rao
Date :
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2 Key Options Strategies - Long Call : Short Call

| Sunday, 14 April 2013
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Key Options Strategies - Long Call : Short Call

Posted by : Prasad Rao
Date : Sunday, 14 April 2013
With 2 comments

3 Herrick Payoff Index - Part 1

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Intraday trading, or day-trading, must be approached with extreme caution and preparation. It takes research and the application of thorough studies to be fully prepared to jump into the volatile water of intraday price movements. It may seem like simple advice, but a trader must know what indicators to trade with and have a full understanding of how they are derived and applied. If you go in without a plan or too many analysis tools, you’re asking for failure. 

Too many beginners attempt daytrading after asking an unsuccessful long-term trade. They think that somehow being forced to enter and exit the market over short duration will be easier or more rewarding. Many beginners do not take into account that intraday trading takes a greater emotional toll than other trading strategies. While the instant ratification and knowledge that at the end of the day you are “flat” is intuitively pleasing to many traders, as a day-trader you are constantly challenged, every second of the day, with making decisions on researched criteria. A day-trader must create and test a viable system based on chosen and understood indicators. 


A day-trader must have a predetermined market direction from prior research and always use protective stops, or as some prefer, price brackets. This is where tools such as the Herrick Payoff Index (HPI) come into play. The HPI measures trend strength and money fluctuation by analyzing the main components that make up the market (volume, open interest and price). HPI looks to capture the mean prices that are distributed daily. These mean prices mostly are significant points in the market. Significant points are where a trader would find large amounts of volume, open interest and money flow. To understand the HPI, and before we get to calculating the indicator, a trader needs to have a full understanding of volume and open interest. These are the main components that build the indicator. 

Volume and open interest have always been, and will always be, two of the most used but most misunderstood market terms. Volume is the total number of contracts traded at a particular point in time. Whether the trader chooses seconds, minutes or days is irrelevant. HPI looks to break volume up based on the percentage of contracts traded at a particular price. By analyzing this data a trader gets an understanding of where the market is most indecisive, which most likely will be a significant point. 

Volume increases on rallies and decreases on declines in a bull market. Volume increases on declines and decreases on rallies in a bear market. Also, traders will find volume increasing at the breakout points of a trading range. 

Open interest represents the number of outstanding contracts at a particular point in time. A trader can also get a grasp of a market’s liquidity by looking at the amount of open interest and potentially avoid low volume time periods or entire markets to reduce major slippage. 

Open interest usually increases as commercial interest enters the market and commences short selling. Most professional traders will agree that the smart money is always going to be the commercials and by analyzing open interest a trader can look to capture profits from the movement of the market caused by the commercials. 

Traditionally, traders have used the following rules for volume and open interest analysis: 

• If prices are up and volume and open interest are rising, the market is bullish. 

• If prices are up and volume and open interest are declining, the market is bearish. 

• If prices are down and volume and open interest are rising, the market is bearish. 

• If prices are down and volume and open interest are declining, the market is bullish. 

Herrick Payoff Index (HPI) was developed by John Herrick. The HPI is an excellent short- and long-term tool. HPI is simply a mathematical method of measuring the money flowing in or out of a commodity by computing the difference in dollar volume each day. The formula, is: 

HPI = Ky + ( K - Ky )/ 100000 , where: 

where Ky = yesterday's HPI, 

S = user-entered smoothing factor (0.1 standard), 

y = yesterday's value, and 

K = CV (M – My) (1± 21/G) 

The ± sign in the right bracket of the formula is + if M (mean price) > My (yesterday's mean price); if M 

< My, it is –. 

M =high+low/2, 

C = value of one cent move, V = volume, I = the absolute value of today's open interest minus yesterday's open interest, and G = today's open interest or yesterday's open interest, whichever is greater. 

The Herrick Payoff index is based off a zero line indicating a neutral position. Anything above the zero line or a positive number would indicate an upward trend or a bullish market. Anything below the zero line or a negative number would indicate a downward trend or a bearish market.

Herrick Payoff Index - Part 1

Posted by : Prasad Rao
Date :
With 3 comments

0 Larsen and Toubro Ltd.

| Friday, 12 April 2013
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Herrick Payoff Index - LT

Larsen and Toubro Ltd.

Posted by : Prasad Rao
Date : Friday, 12 April 2013
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0 Tata Motors Ltd

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Tata Motors Ltd with Herrick Payoff Index


(The Herrick Payoff Index (HPI) uses volume, open interest, and price to signal bullish and bearish divergences in the price of a future or options contract. The use of open interest in the calculation of the HPI means the indicator can only be used with futures and options. The HPI is based off of two premises regarding open interest:
Rising Open Interest: When prices rise and open interest rises, this is a bullish and confirming sign of recent price rises. Likewise, when prices fall and open interest rises, this is a bearish and confirming sign of recent falling prices.
Falling Open Interest: When prices rise and open interest falls, this is considered to be a bearish sign and signal of impending reversal. Similarly, when prices fall and open interest falls, this is considered to be a bullish sign and is a potential reversal signal.)

Tata Motors Ltd

Posted by : Prasad Rao
Date :
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0 ICICI Bank Ltd

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ICICI Bank with Herrick Payoff Index


(The Herrick Payoff Index (HPI) uses volume, open interest, and price to signal bullish and bearish divergences in the price of a future or options contract. The use of open interest in the calculation of the HPI means the indicator can only be used with futures and options. The HPI is based off of two premises regarding open interest:
Rising Open Interest: When prices rise and open interest rises, this is a bullish and confirming sign of recent price rises. Likewise, when prices fall and open interest rises, this is a bearish and confirming sign of recent falling prices.
Falling Open Interest: When prices rise and open interest falls, this is considered to be a bearish sign and signal of impending reversal. Similarly, when prices fall and open interest falls, this is considered to be a bullish sign and is a potential reversal signal.)

ICICI Bank Ltd

Posted by : Prasad Rao
Date :
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0 ICICI Bank Ltd

| Thursday, 11 April 2013
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Will the divergence work??

ICICI Bank Ltd

Posted by : Prasad Rao
Date : Thursday, 11 April 2013
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1 R - Squared

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//------------------------------------------------------------------------------
//
//  Formula Name:    R-Squared
//  Author/Uploader: Jayson Casavant 
//  E-mail:          jcasavant@adelphia.net
//  Date/Time Added: 2002-11-10 16:33:47
//  Origin:          The New Technical Trader by Tushar Chande and Stanley Kroll
//  Keywords:        Trend Detection
//  Level:           medium
//  Flags:           indicator,commentary
//  Formula URL:     http://www.amibroker.com/library/formula.php?id=233
//  Details URL:     http://www.amibroker.com/library/detail.php?id=233
//
//------------------------------------------------------------------------------
//
//  R-2 attempts to measure a percentage of a stocks movement that can be
//  attributed to Linear Regression. When used in combination with Slope you
//  have a tool that can aid in trend detection.
//
//  To determine if the trend is statistically significant for a given x-period
//  linear regression line, Plot the r-squared indicator and refer to the
//  following table. This table shows the values of r-squared required for A
//  95% confidence level at various time periods. If the r-squared value is
//  less than the critical values shown, you should assume that prices show no
//  statistically significant trend.
//
//  Number of Periods r-squared Critical Value(95%confidence)
//
//  5 0.77
//
//  10 0.40
//
//  14 0.27
//
//  20 0.20
//
//  25 0.16
//
//  30 0.13
//
//  50 0.08
//
//  60 0.06
//
//  120 0.03
//
//  The indicator includes commentary and an interpretation of its use.
//
//------------------------------------------------------------------------------

/*To determine if the trend is statistically significant for a given x-period linear regression line, Plot the r-squared indicator and refer to the following table.  This table shows the values of r-squared required for A 95% confidence level at various time periods.  If the r-squared value is less than the critical values shown, you should assume that prices show no statistically significant trend. 

Number ofPeriods r-squaredCritical Value(95%confidence)
5 0.77
10 0.40
14 0.27
20 0.20
25 0.16
30 0.13
50 0.08
60 0.06
120 0.03 
*/        

R2PDS=20; /*for automatic adjustments to the r2 critical value line use one of the periods listed above*/

R2=Correlation(Cum( 1 ),C,r2pds)*Correlation(Cum( 1 ),C,r2pds);
slope=LinRegSlope(C,r2pds);

Crit=IIf(R2PDS==5,.77,IIf(R2PDS==10,.40,IIf(R2PDS==14,.27,IIf(R2PDS==20,.20,IIf(R2PDS==25,.16,IIf(R2PDS==30,.13,IIf(R2PDS==50,.08,IIf(R2PDS==60,.06,IIf(R2PDS==120,.03,0)))))))));

Plot(r2,"R Squared",2,1);
Plot(slope,"Slope",IIf(slope<0,4,5),2|styleOwnScale);
Plot(Crit,"",7,1);

Title=WriteIf(R2>Crit,"R2 Values indicate a Trend is in place","R2 Values Indicate a Trendliess Market")+WriteIf(slope>0,"\n Slope is Positive","\n Slope is Negative");

"\n \n Interpretation \n r-squared values show the percentage of movement that can be explained by linear regression. For example, if the r-squared value over 20 days is at 70%, this means that 70% of the movement of the security is explained by linear regression. The other 30% is unexplained Random noise.\n While R2 values are interesting on their own they are easier to interpret when used in conjunction with Slope. When R2 exceeds its critical Value this indicates the market is Trending, when the indicator falls below its threshold then a trend less condition may be in place. \n This table shows the values of r-squared required for A 95% confidence level at various time periods. If the r-squared value is less than the critical values shown, you should assume that prices show no statistically significant trend. \n \n R-2 Pds     Critical Value(95%confidence)"+                                  

"\n \n    5               0.77\n    10             0.40\n    14             0.27\n    20             0.20\n    25             0.16\n    30             0.13\n    50             0.08 \n    60             0.06 \n    120           0.03"

+"\n \n You may even consider opening a Short-term position opposite the prevailing trend when you observe r-squared rounding off at extreme levels. For example, if the slope is positive AND r-squared is above 0.80 then begins to turn down, you may consider selling or opening A Short position. There are numerous ways to use the linear regression outputs of r-squared and Slope in trading systems. For more detailed coverage, refer to the book The New Technical Trader by Tushar Chande and Stanley Kroll"; 



R - Squared

Posted by : Prasad Rao
Date :
With 1 comments :

6 Woodie's CCI Intraday Panel - AFL

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//------------------------------------------------------------------------------
//
//  Formula Name:    Woodie's CCI Intraday Panel
//  Author/Uploader: Dennis Skoblar 
//  E-mail:          DennisAndLisa@sbcglobal.net
//  Date/Time Added: 2006-07-26 02:17:25
//  Origin:          www.woodiescciclub.com
//  Keywords:        Woodies CCI, CCI
//  Level:           medium
//  Flags:           system,exploration,indicator
//  Formula URL:     http://www.amibroker.com/library/formula.php?id=650
//  Details URL:     http://www.amibroker.com/library/detail.php?id=650
//
//------------------------------------------------------------------------------
//
//  Here is Woodie's CCI Intraday panel which was originally coded by
//  Crasher_FL and Wring. It is a modified Daily CCI Panel with the CCI 14, and
//  CCI 6. It is complete with pattern recognition,backtesting, scanning, and
//  exploration options. The Pattern Recognition helps find the ZLR, HFE,
//  GB100(with a 34ema +/- 15 degree nuance), VT,FAMIR,MR and Choppy (Chop mode
//  being defined as the CCI bars inbetween the 100's for 10 or more bars. The
//  reset out of chop is when the CCI hooks from extreme at the 200's). . The
//  pattern recognition is located at the top left corner next to "Signal: ".
//
//  1=zlr
//
//  2-famir
//
//  3=vt
//
//  4=gb100
//
//  5=momentum reversal
//
//  This version has the Mplay Exit Indicator in it. The MPLAY exit is a CCI
//  hook to the oposite direction followed by another with the price closing in
//  the oposite direction of the trade. I have coded the MPLAY Indicator with
//  the CCI panel. It is a series of green and red circles just below the +200
//  line. The nearest green circle that appears after a pattern (any pattern,
//  not just the coded ones) is the exit for a long position. The nearest red
//  circle is the exit after a short pattern. Ignore all the ones inbetween.
//  The circles appear after every and any occurance of an MPLAY Exit,
//  regardless if a pattern has appeared or not. Just use the nearest
//  applicable circle to exit a pattern entered.
//
//  I also added the EMA angle colors to the 100's. Turquoise= uptrend,
//  Red=downtrend, Yellow=not trending. This code was originally in the cci
//  panel coded by Crasher, I just tweeked it to be displayed in visual format.
//  It is identical to woodie's modification to the cci panel, which he uses as
//  a chop inicator as well. If there is a constant color, the trend is in that
//  direction. If the colors are mixed, then there is a chop.
//
//  *** Set background preference to Dark Olive Green
//
//  Trade at your own risk, please use your own descretion, for educational
//  purposes only.
//
//  -Dennis
//
//------------------------------------------------------------------------------

/////////////////////////////// 

// CCI Woodies Style - Started by Wring 

// Codded/Added by Kris 

// Added by Dennis and Greg 

// Version: 1.027 

// Last Update: 11/24/2005 

// Additions: 

// timer, EMA angle, LSMA angle, trending indicator, pattern recognition (Choppy, HFE, ZLR, FAMIR, VT, GB100) 

// Amibroker 4.70 

/////////////////////////////// 

Version(4.70); 

//MarketHours = TimeNum()>=63000 AND TimeNum()<=125959; 

//MArketClose= TimeNum()>=125959 AND TimeNum()<=130000; 

z = CCI(14); 

z6 = CCI(6); 

CCI50_var = CCI(50); 

LSMA25 = LinearReg(C, 25 ); 

EMA34 = EMA(C,34); 

PI = atan(1.00) * 4; 

periods = 30; 

HighHigh = HHV(H, periods); 

LowLow = LLV(L, periods); 

range = 25 / (HighHigh - LowLow) * LowLow; 

TTMperiod = 6; 

Low_ma = EMA(L, TTMperiod); 

High_ma = EMA(H, TTMperiod); 

Low_third = (High_ma - Low_ma) / 3 + Low_ma; 

High_third = 2 * (High_ma - Low_ma) / 3 + Low_ma; 

tempnum = Now( 4 ) - TimeNum(); 

TimeRem = Interval() - ((int(tempnum[BarCount - 1] / 100) * 60) + (tempnum[BarCount - 1] - int(tempnum[BarCount - 1] / 100) * 100)); 

if (TimeRem[BarCount - 1] < 0) TimeRem = 0; 

TitleTimeRem = EncodeColor(colorLightGrey) + "Time Remaining: "; 

MinuteVar = int(TimeRem / 60); 

SecondsVar = int(frac(TimeRem / 60) * 60); 

if (TimeRem[BarCount - 1] > 60) 



TitleTimeRem = TitleTimeRem + EncodeColor(colorWhite) + MinuteVar + ":" + WriteIf(SecondsVar > 9, "", "0") + SecondsVar; 



else if (TimeRem[BarCount - 1] > 20) 



TitleTimeRem = TitleTimeRem + EncodeColor(colorYellow) + MinuteVar + ":" + WriteIf(SecondsVar > 9, "", "0") + SecondsVar; 



else 



TitleTimeRem = TitleTimeRem + EncodeColor(colorLime) + MinuteVar + ":" + WriteIf(SecondsVar > 9, "", "0") + SecondsVar; 



if(SelectedValue(CCI50_var) < 0) 



CCI50Title = EncodeColor(colorRed); 



else 



CCI50Title = EncodeColor(colorLime); 



CCI50Title = CCI50Title + "CCI 50 = " + round(CCI50_var) + ", "; 

stop_range = IIf(O < C, IIf((H - O) < (C - L), C - L, H - O), 

IIf((O - L) < (H - C), H - C, O - L)); 

StopTitle = EncodeColor(colorWhite) + "Stop = " + EncodeColor(colorYellow); 

StopTitle = StopTitle + StrToNum(NumToStr(stop_range, 4.4)); 

x1_EMA34 = 0; 

x2_EMA34 = 1; 

y1_EMA34 = 0; 

y2_EMA34 = (Ref(EMA34, -1) - EMA34) / Avg * range; 

c_EMA34 = sqrt((x2_EMA34 - x1_EMA34)*(x2_EMA34 - x1_EMA34) + (y2_EMA34 - y1_EMA34)*(y2_EMA34 - y1_EMA34)); 

angle_EMA34 = round(180 * acos((x2_EMA34 - x1_EMA34)/c_EMA34) / PI); 

TitleAngleEMA34 = EncodeColor(colorWhite) + "\nEMA34 angle = "; 

angle_EMA34 = IIf(y2_EMA34 > 0, - angle_EMA34, angle_EMA34); 

if(SelectedValue(angle_EMA34) >= 25) 



TitleAngleEMA34 = TitleAngleEMA34 + EncodeColor(colorTurquoise); 



else if(SelectedValue(angle_EMA34) <= -25) 



TitleAngleEMA34 = TitleAngleEMA34 + EncodeColor(colorRed); 



else if(SelectedValue(angle_EMA34) >= 5) 



TitleAngleEMA34 = TitleAngleEMA34 + EncodeColor(colorTurquoise); 



else if(SelectedValue(angle_EMA34) <= -5) 



TitleAngleEMA34 = TitleAngleEMA34 + EncodeColor(colorRed); 



else 



TitleAngleEMA34 = TitleAngleEMA34 + EncodeColor(colorYellow); 



TitleAngleEMA34 = TitleAngleEMA34 + angle_EMA34; 

x1_LSMA25 = 0; 

x2_LSMA25 = 1; 

y1_LSMA25 = 0; 

y2_LSMA25 = (Ref(LSMA25, -1) - LSMA25) / Avg * range; 

c_LSMA25 = sqrt((x2_LSMA25 - x1_LSMA25)*(x2_LSMA25 - x1_LSMA25) + (y2_LSMA25 - y1_LSMA25)*(y2_LSMA25 - y1_LSMA25)); 

angle_LSMA25 = round(180 * acos((x2_LSMA25 - x1_LSMA25)/c_LSMA25) / PI); 

TitleAngleLSMA25 = EncodeColor(colorWhite) + "LSMA25 angle = "; 

angle_LSMA25 = IIf(y2_LSMA25 > 0, - angle_LSMA25, angle_LSMA25); 

if(SelectedValue(angle_LSMA25) >= 25) 



TitleAngleLSMA25 = TitleAngleLSMA25 + EncodeColor(colorTurquoise); 



else if(abs(SelectedValue(angle_LSMA25)) <= -25) 



TitleAngleLSMA25 = TitleAngleLSMA25 + EncodeColor(colorRed); 



else if(SelectedValue(angle_LSMA25) >= 5) 



TitleAngleLSMA25 = TitleAngleLSMA25 + EncodeColor(colorTurquoise); 



else if(SelectedValue(angle_LSMA25) <= -5) 



TitleAngleLSMA25 = TitleAngleLSMA25 + EncodeColor(colorRed); 



else 



TitleAngleLSMA25 = TitleAngleLSMA25 + EncodeColor(colorYellow); 



TitleAngleLSMA25 = TitleAngleLSMA25 + angle_LSMA25; 

TitleTrending = WriteIf((abs(angle_EMA34) >= 15) AND (abs(angle_EMA34 + angle_LSMA25) >= 50), EncodeColor(colorWhite) + ", SW = " + EncodeColor(colorLime) + "TRENDING", 

WriteIf((abs(angle_EMA34) >= 5) AND (((angle_EMA34 >= 0) AND (angle_LSMA25 >= 0)) OR ((angle_EMA34 <= 0) AND (angle_LSMA25 <= 0))) AND (abs(angle_EMA34 + angle_LSMA25) >= 30), EncodeColor(colorWhite) + ", SW = " + EncodeColor(colorYellow) + "NORMAL", 

EncodeColor(colorWhite) + ", SW = " + EncodeColor(colorRed) + "FLAT")); 

SW = IIf((abs(angle_EMA34) >= 15) AND (abs(angle_EMA34 + angle_LSMA25) >= 50), IIf(angle_LSMA25 > 0, 2, -2), 

IIf((abs(angle_EMA34) >= 5) AND (((angle_EMA34 >= 0) AND (angle_LSMA25 >= 0)) OR ((angle_EMA34 <= 0) AND (angle_LSMA25 <= 0))) AND (abs(angle_EMA34 + angle_LSMA25) >= 30), IIf(angle_LSMA25 > 0, 1, -1), 0)); 

// Colour the bars for Woodies Trend Following 

Plusbars = BarsSince(z < 0); 

Minusbars = BarsSince(z > 0); 

TrendBarCount = 6; 

Color[0] = colorDefault; 

Trend[0] = 0; 

TTMColor[0] = colorDefault; 

for( i = 1; i < BarCount; i++ ) 



if (C[i] > High_third[i]) 



TTMColor[i] = colorDarkGreen; 



else if (C[i] < Low_third[i]) 



TTMColor[i] = colorDarkRed; 



else 



TTMColor[i] = TTMColor[i - 1]; 



if (Plusbars[i] >= TrendBarCount) 



Trend[i] = 1; 



else if (Minusbars[i] >= TrendBarCount) 



Trend[i] = -1; 



else 



Trend[i] = Trend[i - 1]; 



if (Trend[i] == 1) 



if (Minusbars[i] == TrendBarCount - 1) 



Color[i] = colorYellow; 



else if (z[i] < 0) 



Color[i] = colorBlack; 



else 



Color[i] = colorLime; 





else if (Trend[i] == -1) 



if (Plusbars[i] == TrendBarCount - 1) 



Color[i] = colorYellow; 



else if (z[i] >= 0) 



Color[i] = colorBlack; 



else 



Color[i] = colorRed; 





else 



Color[i] = colorDefault; 





// CCI Line 

Plot(z,"CCI 14", colorBlack, styleLine | styleThick | styleNoLabel ); 

// Turbo CCI 

Plot(z6,"CCI 6", colorDarkYellow, styleLine | styleNoLabel); 

// zero line 25lsma 

Plot(0,"", IIf(C > LSMA25,colorLime,IIf(C<LSMA25,colorRed,colorTeal)), 

styleDots | styleNoLine | styleThick | styleNoLabel); 

// CCI Histogram 

Plot(z,"", Color, styleHistogram | styleThick | styleNoLabel); 

// CCI 50 

//Plot(CCI50_var,"CCI 50", IIf(CCI50_var < 0, colorDarkRed,colorDarkGreen), styleLine | styleNoLabel); 

// Set up color for the 100s, green if 34ema above red if below 

//Color = IIf(C > EMA34, colorGreen, 

// IIf(C == EMA34, colorTeal, colorRed)); 

//Set Color for the SW 

ColorSW = IIf(abs(SW) == 2, colorGreen, 

IIf(abs(SW) == 1, colorYellow, colorRed)); 

Color=colorWhite; 

// Plot the 100s 

//Plot(100,"",Color,styleDashed|styleNoLabel); 

//Plot(-100,"",Color,styleDashed|styleNoLabel); 

ColorANGLE_EMA = IIf(angle_EMA34 >=5, colorTurquoise, 

IIf(angle_EMA34 <=-5, colorRed, colorYellow)); 

//ColorANGLE_EMA1 = IIf(angle_EMA34 >=25, colorTurquoise, 

// IIf(angle_EMA34 <=-25, colorRed, colorBlack)); 

//ColorANGLE_EMA = IIf(abs(angle_EMA34) >=25, colorGreen, 

// IIf(abs(angle_EMA34) >=15, colorYellow, colorRed)); 

Plot(100,"", ColorANGLE_EMA , styleDashed | styleThick | styleNoLabel); 

Plot(-100,"", ColorANGLE_EMA , styleDashed | styleThick | styleNoLabel); 

// Plot the 50s 

Plot(50,"", colorDarkGrey, styleDashed | styleNoLabel); 

Plot(-50,"", colorDarkGrey , styleDashed | styleNoLabel); 

//Plot(50,"", TTMColor, styleDots | styleNoLine | styleNoLabel); 

//Plot(-50,"", TTMColor, styleDots | styleNoLine | styleNoLabel); 

// Plot the 200s 

Plot(200,"", ColorSW, styleThick | styleNoLabel); 

Plot(-200,"", ColorSW, styleThick | styleNoLabel); 

// Plot the grids 

PlotGrid(0); 

PlotGrid(50); 

PlotGrid(-50); 

PlotGrid(-100); 

PlotGrid(100); 

PlotGrid(-200); 

PlotGrid(200); 

// choppy 

A= (HHV(z,10)<=100 AND LLV(z,10)>=-100); 

B= (Ref(z,-1)>200 AND z<200) OR (Ref(z,-1)<-200 AND z>-200); 

bs_a=BarsSince(A); 

bs_b=BarsSince(B); 

bars = IIf( bs_A < Bs_B, bs_a, 0); 

// ZLR Long 

uptrend_a=BarsSince(z<0); 

uptrend_b=BarsSince(z>0); 

Linex_long=Ref(z,-1)>100 AND z<100; 

barsfromline_long=BarsSince(Linex_long); 

CCIhook_long=z>Ref(z,-1) AND Ref(z,-1)>-100 AND Ref(z,-1)<Ref(z,-2) AND Ref(z,-2)>-100 AND z>0; 

SW_trendinglong= sw==1 OR sw==2; 

zlrlong= (Ref(angle_ema34,-2)>=5 AND Ref(angle_ema34,-1)>=5 AND angle_ema34>=5) AND SW_trendinglong AND z<100 AND barsfromline_long<10 AND CCIhook_long AND (uptrend_a>=6 AND z>-100 OR 

(uptrend_b<6 AND LLV(z,uptrend_b)>-100 AND z>-100 AND (Ref(uptrend_a,-6)>=6 AND z>-100 OR Ref(uptrend_a,-5)>=6 AND z>-100 OR Ref(uptrend_a,-4)>=6 AND z>-100 OR Ref(uptrend_a,-3)>=6 AND z>-100 OR 

Ref(uptrend_a,-2)>=6 AND z>-100 OR Ref(uptrend_a,-1)>=6 AND z>-100))); 

PlotShapes(IIf(zlrlong,shapeDigit1,shapeNone),colorLime,0,0,-15); 

// ZLR Short 

downtrend_a=BarsSince(z>0); 

downtrend_b=BarsSince(z<0); 

Linex_short=Ref(z,-1)<=-100 AND z>=-100; 

barsfromline_short=BarsSince(Linex_short); 

CCIhook_short=z<Ref(z,-1) AND Ref(z,-1)<100 AND Ref(z,-1)>Ref(z,-2) AND Ref(z,-2)<100 AND z<0; 

SW_trendingshort= sw==-1 OR sw==-2; 

zlrshort= (Ref(angle_ema34,-2)<=-5 AND Ref(angle_ema34,-1)<=-5 AND angle_ema34<=-5) AND SW_trendingshort AND z>-100 AND barsfromline_short<10 AND CCIhook_short AND (downtrend_a>=6 AND z<100 OR 

(downtrend_b<6 AND HHV(z,downtrend_b)<100 AND z<100 AND (Ref(downtrend_a,-6)>=6 AND z<100 OR Ref(downtrend_a,-5)>=6 AND z<100 OR Ref(downtrend_a,-4)>=6 AND z<100 OR 

Ref(downtrend_a,-3)>=6 AND z<100 OR Ref(downtrend_a,-2)>=6 AND z<100 OR Ref(downtrend_a,-1)>=6 AND z<100))); 

PlotShapes(IIf(zlrshort,shapeDigit1+ shapePositionAbove,shapeNone),colorRed,0,0,-15); 

// Famir Short 

Famir_downtrend_a=BarsSince(z<0); 

Famir_downtrend_b=BarsSince(z>0); 

FamirLinex_short=Ref(z,-1)>=100 AND z<100; 

Famir_barsfromline_short=BarsSince(FamirLinex_short); 

Famir_pivotshort= (Ref(z,-2)<Ref(z,-1)AND Ref(z,-1)<=55 AND Ref(z,-2)<=55) OR (Ref(z,-3)<Ref(z,-1)AND Ref(z,-1)<=55 AND Ref(z,-2)<=55 AND Ref(z,-3)<=55) 

OR (Ref(z,-4)<Ref(z,-1) AND Ref(z,-1)<=55 AND Ref(z,-2)<=55 AND Ref(z,-3)<=55); 

Famirhook_short=Famir_pivotshort AND z<Ref(LLV(z,Famir_barsfromline_short),-1) AND (z>=-55 AND z<=55) AND C<Lsma25; 

Famirshort=  Famir_barsfromline_short<10 AND Famirhook_short AND (Famir_downtrend_a>=6 OR 

(Famir_downtrend_b<6 AND (Ref(Famir_downtrend_a,-6)>=6 OR Ref(Famir_downtrend_a,-5)>=6 OR Ref(Famir_downtrend_a,-4)>=6 OR 

Ref(Famir_downtrend_a,-3)>=6 OR Ref(Famir_downtrend_a,-2)>=6 OR Ref(Famir_downtrend_a,-1)>=6))) AND C<LSMA25; 

PlotShapes(IIf(famirShort,shapeDigit2+ shapePositionAbove,shapeNone),colorRed,0,0,-15); 

// Famir Long 

Famir_uptrend_a=BarsSince(z<0); 

Famir_uptrend_b=BarsSince(z>0); 

FamirLinex_long=Ref(z,-1)<=-100 AND z>-100; 

Famir_barsfromline_long=BarsSince(FamirLinex_long); 

Famir_pivotlong= (Ref(z,-2)>Ref(z,-1)AND Ref(z,-1)>=-55 AND Ref(z,-2)>=-55) OR (Ref(z,-3)>Ref(z,-1) AND Ref(z,-1)>=-55 AND Ref(z,-2)>=-55 AND Ref(z,-3)>=-55) 

OR (Ref(z,-4)>Ref(z,-1) AND Ref(z,-1)>=-55 AND Ref(z,-2)>=-55 AND Ref(z,-3)>=-55); 

Famirhook_long=Famir_pivotlong AND z>Ref(HHV(z,Famir_barsfromline_long),-1) AND (z>=-55 AND z<=55) AND C>Lsma25; 

Famirlong= Famir_barsfromline_long<10 AND Famirhook_long AND (Famir_uptrend_a<6 OR 

(Famir_uptrend_b>=6 AND(Ref(Famir_uptrend_a,-6)<6 OR Ref(Famir_uptrend_a,-5)<6 OR Ref(Famir_uptrend_a,-4)<6 OR Ref(Famir_uptrend_a,-3)<6 OR 

Ref(Famir_uptrend_a,-3)<6 OR Ref(Famir_uptrend_a,-2)<6 OR Ref(Famir_uptrend_a,-1)<6))) AND C>LSMA25; 

PlotShapes(IIf(famirlong,shapeDigit2,shapeNone),colorLime,0,0,-15); 

// HFE 

HFEshort=(Ref(z,-1)>200 AND z<200); 

HFElong=(Ref(z,-1)<-200 AND z>-200); 

HFE= (Ref(z,-1)>200 AND z<200) OR (Ref(z,-1)<-200 AND z>-200); 

PlotShapes(IIf(Ref(z,-1)>200 AND z<200,shapeDownTriangle,shapeNone),IIf(Ref(z,-1)>200 AND z<200,colorYellow,shapeNone),0,200,-20); 

PlotShapes(IIf(Ref(z,-1)<-200 AND z>-200,shapeUpTriangle,shapeNone),IIf(Ref(z,-1)<-200 AND z>-200,colorYellow,shapeNone),0,-200,-20); 

// VT Long 

vtLinex_long=Ref(z,-1)<=-200 AND z>-200; 

vt_barsfromline_long=BarsSince(vtLinex_long); 

vtlong_A = z<-200; 

vtlong_B = Ref(z,-1)<=Ref(z,-2) OR 

Ref(z,-2)<=Ref(z,-3) OR 

Ref(z,-3)<=Ref(z,-4) OR 

Ref(z,-4)<=Ref(z,-5) OR 

Ref(z,-5)<=Ref(z,-6) OR 

Ref(z,-6)<=Ref(z,-7) OR 

Ref(z,-7)<=Ref(z,-8); 

vtlong_bs_A = BarsSince(vtlong_A); 

vtlong_bs_B = BarsSince(vtlong_b); 

Vtlong_bars = vtlong_bs_A>=5 AND vtlong_bs_B<=0; 

vt_pivotlong= Vtlong_bars; 

swinghibars=BarsSince(z>Ref(HHV(z,vt_barsfromline_long),-1)); 

vthook_long= vt_pivotlong AND z>Ref(HHV(z,vt_barsfromline_long),-1); 

vtlong= vt_barsfromline_long<=11 AND (Ref(HHV(z,vt_barsfromline_long),-1)<0 OR HHV(z,vt_barsfromline_long)<=0) AND vthook_long AND C>Lsma25 AND Ref(swinghibars>=2,-1) AND z>-100; 

PlotShapes(IIf(vtlong,shapeDigit3,shapeNone),colorLime,0,Min(z,0),-45); 

// VT Short 

vtLinex_short=Ref(z,-1)>=200 AND z<200; 

vt_barsfromline_short=BarsSince(vtLinex_short); 

vtshort_A = z>200 ; 

vtshort_B =Ref(z,-1)>=Ref(z,-2) OR 

Ref(z,-2)>=Ref(z,-3) OR 

Ref(z,-3)>=Ref(z,-4) OR 

Ref(z,-4)>=Ref(z,-5) OR 

Ref(z,-5)>=Ref(z,-6) OR 

Ref(z,-6)>=Ref(z,-7) OR 

Ref(z,-7)>=Ref(z,-8); 

vtshort_bs_A = BarsSince(vtshort_A); 

vtshort_bs_B = BarsSince(vtshort_b); 

Vtshort_bars = vtshort_bs_A>=5 AND vtshort_bs_B<=0; 

vt_pivotshort= Vtshort_bars; 

swinglowbars= BarsSince(z<Ref(LLV(z,vt_barsfromline_short),-1)); 

vthook_short= vt_pivotshort AND z<Ref(LLV(z,vt_barsfromline_short),-1); 

vtshort= vt_barsfromline_short<=11 AND (Ref(LLV(z,vt_barsfromline_short),-1)>0 OR LLV(z,vt_barsfromline_short)>0) AND vthook_short AND C<Lsma25 AND Ref(swinglowbars>=2,-1) AND z<100; 

PlotShapes(IIf(vtshort,shapeDigit3+ shapePositionAbove,shapeNone),colorRed,0,Max(z,0),-45); 

// GB 100 Long 

uptrend_a=BarsSince(z<0); 

uptrend_b=BarsSince(z>0); 

Linex_longGB=Ref(z,-1)>100 AND z<100; 

barsfromline_longGB=BarsSince(Linex_longGB); 

CCIhook_longGB= Ref(z,-1)<-100 AND z>-100; 

GB100long= barsfromline_longGB<20 AND angle_EMA34>=5 AND CCIhook_longGB AND (uptrend_b<6 AND(Ref(uptrend_a,-6)>=6 OR Ref(uptrend_a,-5)>=6 OR Ref(uptrend_a,-4)>=6 OR Ref(uptrend_a,-3)>=6 OR 

Ref(uptrend_a,-2)>=6 OR Ref(uptrend_a,-1)>=6)); 

PlotShapes(IIf(GB100long,shapeDigit4,shapeNone),colorLime,0,0,-60); 

// GB100 Short 

downtrend_a=BarsSince(z>0); 

downtrend_b=BarsSince(z<0); 

Linex_shortGB=Ref(z,-1)<-100 AND z>-100; 

barsfromline_shortGB=BarsSince(Linex_shortGB); 

CCIhook_shortGB=Ref(z,-1)>100 AND z<100; 

GB100short= barsfromline_shortGB<20 AND angle_EMA34<=-5 AND CCIhook_shortGB AND 

(downtrend_b<6 AND (Ref(downtrend_a,-6)>=6 OR Ref(downtrend_a,-5)>=6 OR Ref(downtrend_a,-4)>=6 OR 

Ref(downtrend_a,-3)>=6 OR Ref(downtrend_a,-2)>=6 OR Ref(downtrend_a,-1)>=6)); 

PlotShapes(IIf(GB100short,shapeDigit4+ shapePositionAbove,shapeNone),colorRed,0,0,-60); 

// MR Long 

MRuptrend_a=BarsSince(z<0); 

MRuptrend_b=BarsSince(z>0); 

MRLinex_long=Ref(z,-1)>100 AND z<100; 

MRbarsfromline_long=BarsSince(MRLinex_long); 

MRCCIhook_long=z>Ref(z,-1) AND Ref(z,-1)<=Ref(z,-2) AND Ref(z,-2)<Ref(z,-3) AND z>-100 AND z<100; 

MRlong= (Ref(angle_ema34,-2)>=5 AND Ref(angle_ema34,-1)>=5 AND angle_ema34>=5) AND Ref(z,-1)<=0 AND MRbarsfromline_long<10 AND MRCCIhook_long AND (MRuptrend_a>=6 AND z>-100 OR 

(MRuptrend_b<6 AND LLV(z,MRuptrend_b)>-100 AND z>-100 AND (Ref(MRuptrend_a,-6)>=6 AND z>-100 OR Ref(MRuptrend_a,-5)>=6 AND z>-100 OR Ref(MRuptrend_a,-4)>=6 AND z>-100 OR Ref(MRuptrend_a,-3)>=6 AND z>-100 OR 

Ref(MRuptrend_a,-2)>=6 AND z>-100 OR Ref(MRuptrend_a,-1)>=6 AND z>100))); 

PlotShapes(IIf(MRlong,shapeDigit5,shapeNone),colorLime,0,0,-50); 

// MR Short 

MRdowntrend_a=BarsSince(z>0); 

MRdowntrend_b=BarsSince(z<0); 

MRLinex_short=Ref(z,-1)<=-100 AND z>=-100; 

MRbarsfromline_short=BarsSince(MRLinex_short); 

MRCCIhook_short=z<Ref(z,-1) AND Ref(z,-1)>=Ref(z,-2) AND Ref(z,-2)>Ref(z,-3) AND z<100 AND z>-100; 

MRshort= (Ref(angle_ema34,-2)<=-5 AND Ref(angle_ema34,-1)<=-5 AND angle_ema34<=-5) AND Ref(z,-1)>=0 AND MRbarsfromline_short<10 AND MRCCIhook_short AND (MRdowntrend_a>=6 AND z<100 OR 

(MRdowntrend_b<6 AND HHV(z,MRdowntrend_b)<100 AND z<100 AND (Ref(MRdowntrend_a,-6)>=6 AND z<100 OR Ref(MRdowntrend_a,-5)>=6 AND z<100 OR Ref(MRdowntrend_a,-4)>=6 AND z<100 OR 

Ref(MRdowntrend_a,-3)>=6 AND z<100 OR Ref(MRdowntrend_a,-2)>=6 AND z<100 OR Ref(MRdowntrend_a,-1)>=6 AND z<100))); 

PlotShapes(IIf(MRshort,shapeDigit5+ shapePositionAbove,shapeNone),colorRed,0,0,-50);

// Columns for exploration 

Filter =(zlrlong OR famirlong OR Vtlong OR gb100long OR mrlong  OR hfe OR zlrshort OR famirshort OR vtshort OR gb100short OR mrlong OR (A OR bars)) AND 1 ; 

Buy = (zlrlong OR famirlong OR Vtlong OR gb100long OR mrlong);// AND MarketHours; 

Sell= (z<Ref(z,-1) AND Ref(z,-1)<Ref(z,-2) AND C<O);// OR MArketClose; ; 

Short = (zlrshort OR famirshort OR Vtshort OR gb100short OR mrshort); //AND MarketHours; 

Cover = (z>Ref(z,-1) AND Ref(z,-1)>Ref(z,-2) AND C>O);// OR MArketClose; 

AddColumn( IIf(zlrlong,1,IIf(zlrshort,-1,0)) ,"ZLR",1.0,colorWhite,IIf(zlrlong,colorGreen,IIf(zlrshort,colorRed,colorBlack))); 

AddColumn(IIf(famirlong,1,IIf(famirShort,-1,0)),"Famir",1.0,colorWhite,IIf(famirlong,colorGreen,IIf(famirShort,colorRed,colorBlack))); 

AddColumn(IIf(vtlong,1,IIf(vtShort,-1,0)),"Vegas",1.0,colorWhite,IIf(vtlong,colorGreen,IIf(vtShort,colorRed,colorBlack))); 

AddColumn(IIf(gb100long,1,IIf(gb100Short,-1,0)),"GB100",1.0,colorWhite,IIf(gb100long,colorGreen,IIf(gb100Short,colorRed,colorBlack))); 

AddColumn( IIf(mrlong,1,IIf(mrShort,-1,0)) ,"MR",1.0,colorWhite,IIf(mrlong,colorGreen,IIf(mrShort,colorRed,colorBlack))); 

AddColumn(IIf(hfelong,1,IIf(hfeshort,-1,0)),"HFE",1.0,colorWhite,IIf(hfelong,colorGreen,IIf(hfeshort,colorRed,colorBlack))); 

AddColumn(IIf(A OR bars,1,IIf(A OR bars,-1,0)),"Choppy",1.0,colorWhite,IIf(A OR bars,colorDarkYellow,IIf(A OR bars,colorDarkYellow,colorBlack))); 

//Plot Sell Arrows 

//Sell1=ExRem(Sell,Buy); 

//Cover1=ExRem(Cover,Short); 

//PlotShapes(IIf(Sell1,shapeDownArrow,shapeNone),colorLime,0,200,10); 

//PlotShapes(IIf(Cover1,shapeDownArrow,shapeNone),colorRed,0,200,10); 

//Signal Title 

Signaltitle= WriteIf(zlrlong,EncodeColor(colorYellow) + "ZLR ", 

WriteIf(zlrshort,EncodeColor(colorYellow) + "ZLR ", WriteIf(MRShort,EncodeColor(colorYellow) + "MR ", 

WriteIf(MRlong,EncodeColor(colorYellow) + "MR ", 

WriteIf(Famirshort,EncodeColor(colorYellow) + "FAMIR ", 

WriteIf(Famirlong,EncodeColor(colorYellow) + "FAMIR ",WriteIf(HFE,EncodeColor(colorYellow) + "HFE ",WriteIf(VTlong,EncodeColor(colorYellow) + "VT ", 

WriteIf(VTshort,EncodeColor(colorYellow) + "VT ",WriteIf(GB100long,EncodeColor(colorYellow) + "GB100 ", 

WriteIf(Gb100short,EncodeColor(colorYellow) + "GB100 "," "))))))))))); 

//Choppy Title 

ChoppyTitle= WriteIf(A,EncodeColor(colorYellow) + "CHOPPY",WriteIf(bars,EncodeColor(colorYellow) + "CHOPPY","")); 

//Exit Title 

//Exittitle=WriteIf(Sell1,EncodeColor(colorLime) + "MLAY EXIT LONG",WriteIf(Cover1,EncodeColor(colorRed) + "MPLAY EXIT SHORT","")); 

//Distance from EMA34

//Ctoema=round(C-EMA34);

//Ctitle= WriteIf(Ctoema>0," points above EMA,",WriteIf(Ctoema<0," points below EMA,"," on EMA,"));

//Number of trending bars

//anglelimit= ( angle_ema34<5 AND angle_ema34>-5)  OR (angle_ema34<5 AND angle_ema34>-5);

//angletitle= BarsSince(anglelimit);

// Price Panel

Lastprice=Ref(C,-1);

Lastpricetitlehi= WriteIf(H>Ref(H,-1),EncodeColor(colorLime) + Ref(H,-1) + "  " + H , EncodeColor(colorBlack)+ Ref(H,-1) + "  " + H);

Lastpricetitlelo= WriteIf(L<Ref(L,-1),EncodeColor(colorRed) + Ref(L,-1) + "  " + L , EncodeColor(colorBlack)+ Ref(L,-1) + "  " + L);

//Title 

Title = "" + Name() + ", " + Interval(2) + ", " + Date() + "\n" + 

//EncodeColor(colorBlack) + "CCI 14 = " + round(z) + EncodeColor(colorWhite) + ", " + EncodeColor(colorDarkYellow) + 

//"CCI 6 = " + round(z6) + EncodeColor(colorWhite) + ", " + 

TitleTimeRem + EncodeColor(colorWhite) + 

TitleAngleEMA34 +// EncodeColor(colorWhite) + ", " + TitleAngleLSMA25 + 

TitleTrending + "\n" + Lastpricetitlehi + "\n" + EncodeColor(colorSkyblue) + C + "\n" + Lastpricetitlelo + "\n" +

EncodeColor(colorWhite)+"Signal = "+Signaltitle + ChoppyTitle; //+ EncodeColor(colorWhite) + Ctoema + Ctitle +  EncodeColor(colorWhite) + " " + angletitle + " " + "bars trending, " + "  " + " "+Exittitle; 

//Mplay Exit 

MplayExitLong= z<Ref(z,-1) AND Ref(z,-1)<Ref(z,-2) AND C<O; 

MplayExitShort= z>Ref(z,-1) AND Ref(z,-1)>Ref(z,-2) AND C>O; 

PlotShapes(IIf(MplayExitLong,shapeSmallCircle,shapeNone),colorLime,0,200,-10); 

PlotShapes(IIf(MplayExitShort,shapeSmallCircle,shapeNone),colorRed,0,200,-10); 

Woodie's CCI Intraday Panel - AFL

Posted by : Prasad Rao
Date :
With 6 comments
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