Saturday, February 2, 2019

Previous Week Open High Low Close Levels Amibroker AFL

Weekly reference points of interest for traders are the Open , high , low and close levels for the past week. These are levels where swing traders take their decisions of entries and exits. Lot of activity happens at the previous week ohlc levels. Having them plotted on ones chart makes it easy for the trader to refer them while making the trading decisions.

Previous Week Open High Low close Levels Amibroker AFL
Previous Week Open High Low close Levels Amibroker AFL

The Teal Line is the Previous Week High Line
The Blue-Grey Line is the Previous Week Low Line
The Green Line is the Previous Week Open Line
The Yellow Line is the Previous Week Close Line


Thursday, July 12, 2018

VWAP And Standard Deviation Bands Amibroker AFL

 VWAP & Standard Deviation Bands

In finance, volume-weighted average price (VWAP) is the ratio of the value traded to total volume traded over a particular time horizon (usually one day). It is a measure of the average price at which a stock is traded over the trading horizon. 

The VWAP can be used similar to moving averages, where prices above the VWAP reflect a bullish sentiment and prices below the VWAP reflect a bearish sentiment. Traders may initiate short positions as a stock price moves below VWAP for a given time period or initiate long position as the price moves above VWAP

Institutional buyers and algorithms will often use VWAP to plan entries and initiate larger positions without disturbing the stock price.

In addition to the VWAP , this Amibroker AFL also includes Standard Deviation Bands from the VWAP. So basically one can assume the chances of movement away from the VWAP. This is very important from the Intraday trading point of view.

VWAP And Standard Deviation AFL
VWAP And Standard Deviation AFL

Required US Government Disclaimer & CTFC Rule 4.41

Futures trading contains substantial risk and is not suitable for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or lifestyle. Only consider risk capital that should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. CTFC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS SUCH AS LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. All trades, patterns, charts, systems, etc., discussed in this website or advertisement are for illustrative purposes only and not construed as specific advisory recommendations. All ideas and materials presented herein are for information and educational purposes only. No system or trading methodology has ever been developed that can guarantee profits or prevent losses. The testimonials and examples used herein are exceptional results which do not apply to average people and are not intended to represent or guarantee that anyone will achieve the same or similar results. Trades placed on the reliance of Trend Methods systems are taken at your own risk for your own account. This is not an offer to buy or sell futures interests.