In technical analysis, Bollinger bands have become a popular tool for determining a stock’s overbought and oversold opportunities.īollinger Fibonacci Bands AFL automatically determines the breakout levels based on stock volatility. Pros of Support Resistance AFL: It helps determine the right entry price, stop loss and exit point based on the history of the stock.Ĭons of Support Resistance AFL: Could Determine the entry and exit points, but traders can’t confirm trade on support or resistance price. Many traders fail to determine the correct entry and exit points prices, resulting in a loss.Īuto Support Resistance AFL automatically determines moveable price points as per trends and historical data, which can be used to identify entry/exit points for both longs and shorts with just one click. Should be confirmed by other Indicators and signalsįinding support and resistance is the most challenging task in technical analysis.Can’t determine entry, exit, and stop-loss points.Helps in predicting reversal of a trend.Extremely useful for identifying trending stocks.Therefore, they are not exclusive.Īlthough finding a specific candlestick pattern for a single stock is not challenging, finding a recognizable candlestick pattern for several stocks is cumbersome.Ĭandlestick Pattern Recognizer AFL is coded to quickly identify multiple stocks’ bullish or bearish trends by identifying a recognized candlestick pattern among 35 patterns with just a click. Note: The list doesn’t represent the rank of the AFL. Here is the list of the best AmiBroker Formula Language used by traders. Top 10 AmiBroker AFL for Successful Trading
With AFL, you can quickly write a few lines for like excel formula as per your requirement and use the same formula across all the stocks you want to analyze to find the right stocks to invest in. You must manually do this for every stock you can think of. Of course, you can do this manually by adding charts and determining buying and selling points yourself, which could be beneficial but takes too long. How can you identify the stock that tends all these? For example, if you like a particular candlestick to go long, you need to make sure the trade volume is high, the price is within Bollinger bands, and the MACD line favors your trade.
0 kommentar(er)
