Compatible with Metatrader 4 and Metatrader 5. Ask this question to any trader who has spent time in the markets trading equities: how does it feel when a stock gives a breakout in the expected direction? the break of support/resistance or a trend line, the RSI closing above 70 or below 30, a close of price outside of the Bollinger Bands, an increase in volume, an Ichimoku-break, price breaking through the moving average, or simply how strong or weak the bar itself closed. You can combine this price breakout AFL for Amibroker. It analyzes the chart to find the times of day when volume and volatility are highest. The below screenshot shows lot size of 40 and margin requirement of 10% for NSE Banknifty: This works on majority of liquid and high beta stocks that I … GETTING ERROR 61 ON THIS LINE SIR_N(Title = StrFormat(“{{NAME}} – {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}”, O, H, L, C )); This happens on some versions of Amibroker. volume breakout, simple, banknifty, amibroker This is a very simple strategy with no fancy indicators, however the profitability is quite impressive. When you enter a trade after watching a breakout, the profits are easy and quick and hence super-satisfying. One of the ways to identify if the resistance or support levels have been strong is to identify the number of times the stock prices have touched the resistance and support prices. Volume Breakout Trading Strategy: Amibroker AFL. The ideal timeframes are 5 minutes to 30 minutes.
This is a very simple strategy with no fancy indicators, however the profitability is quite impressive. For examples of volume breakout strategies see this page. The event time can also be overridden manually.
Price volume breakout is nothing but a potential trading opportunity. This volume breakout trading strategy has been profitable on all the years except 2015 and 2012. You can search for NR7 strategy on my website to learn more. Volume is greater than 50 period simple moving average of volume. This breakout indicator will detect directional breakouts on high volume.
For example, this can be useful when trading breakouts on economic data releases. Clearly, drawdown is on a higher side. Breakout strategies suffer when there are a high proportion of false breaks. Close is less than 20 period simple moving average. As you can see the volume and price do not accompany the breakout. On loading it will check the price history to find times of peak daily volumes. _N(Title = StrFormat(“{{NAME}} – {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}”, O, H, L, C )); I am getting Error 61. The number of format specifier(s) (%) does not match the number of arguments passed. The below screenshot shows lot size of 40 and margin requirement of 10% for NSE Banknifty: All the AFL’s posted in this section are for learning purpose. Intraday Open High Low Strategy -Live Signals, Camarilla Pivot Points Excel Sheet: Live Signals, Beat the market with Gann square of 9 Calculator. Creates buy and sell alerts when a breakout has been detected. (adsbygoogle = window.adsbygoogle || []).push({}); In this post, we are going to discuss a volume breakout trading strategy which scans for stocks which breaks out of a price range with high volumes. Required fields are marked *. However, it is not necessarily a sideways market. But to experience this feeling, one has to focus a lot and concentrate on the essentials while ignoring a lot of noise.
... On Balance Volume (OBV) breakout. The strongest breakout events often happen when volume is rising sharply. Similarly, using volume profile analysis, a trader can build a reactive market context using this strategy.