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Can we combine weekly, monthly and daily oscillator for generating buy or sell signal
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TOPIC: Can we combine weekly, monthly and daily oscillator for generating buy or sell signal
#746
Can we combine weekly, monthly and daily oscillator for generating buy or sell signal 1 Year ago Karma: 3
I am new to Amibroker. I am able to write a simple moving avg. strategy and back test it (Say 5 days cutting 20 days simple moving average). However my interest is to write a code which combines D/W/M parameters and then effectively generates few trades when different conditions in those time frames are met. E.g. buy when w MACD (12,26) is in buy mode and d macd (12,26) generates buy signal.

Answer to above query + any tutorial on this topic / general learning on AFL would be appreciated.
Jayesh Anandpara (User)
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#752
Re:Can we combine weekly, monthly and daily oscillator for generating buy or sell signal 1 Year ago Karma: 1
Even I am looking for something like this, i have tried but not yet able to find anything on it. If anyone knows how to do it, then please help.
Anand Sancheti (User)
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#766
Re:Can we combine weekly, monthly and daily oscillator for generating buy or sell signal 12 Months ago Karma: 0
After a lot of deliberation, I was able to plot a weekly MA on a daily chart. This took me a few month to programe on Metastock. The resulting curve was a hoprizontal line that changed value only on a Friday. If Friday was a trading holiday, it changed value on Thursday.

However, I did not find it of much use at the end. For example, a 13 WMA plotted on daily chart in this manner was very much like a 65 DMA plotted on daily chart in usual manner. I found that this similarity was absolutety normal and should have occured to me earlier (because 65=13x5, 5=number of trading days in a week).

Therefore, my experience suggests not to spend much time on programming, the same indicator plotted repeatatively on daily chart (lowest timeframe) using various time window shall imitate daily/weekly/monthly pictures, provided the windows are chosen carefully.
Sumoy Goswami (User)
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#770
Re:Can we combine weekly, monthly and daily oscillator for generating buy or sell signal 11 Months, 3 Weeks ago Karma: 4
i have been using the d/w/m Rsi since a long time to generate buy and sell signals which works fairly good. i am not sure of the coding process to make it automated as i m doin it manually.
Vishal B Malkan (Moderator)
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#772
Re:Can we combine weekly, monthly and daily oscillator for generating buy or sell signal 11 Months, 3 Weeks ago Karma: 1
Plotting multiple oscillators is a common practice. RSI for 7, 21 and 42 days is commonly plotted to get RSI Bands, and used similar to cross over of moving averages. If you see the video of my Pune Chapter Meeting (will be launched shortly on archives), you should be able ge the information.
Bhooshan Shanbhag (User)
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#773
Re:Can we combine weekly, monthly and daily oscillator for generating buy or sell signal 11 Months, 3 Weeks ago Karma: 1
Plotting multiple oscillators is a common practice. RSI for 7, 21 and 42 days is commonly plotted to get RSI Bands, and used similar to cross over of moving averages. If you see the video of my Pune Chapter Meeting (will be launched shortly on archives), you should be able get the information.
Bhooshan Shanbhag (User)
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