Most of Signal given by AFLs give false signal. due to this day traders endup with losses. To avoid false signal
I am submitting 2 AFL combination for detection of False signal.
1) Swing tread with BUY & Sell signal AFL
2) MACD AFL
I have not written this 2 AFL’s. (this afl’s are already available on net)
Just arrange this 2 AFLs on single screen and
1) check FOR false BUY Signal :- if MACD is below signal line & MACD Histogram is below zero (i.e red colour bar), then BUY signal is false.
2)Check for FALSE SELL Signal :- If MACD is above signal line(red line) & MACD Histogram is above zero, then Sell signal is false.
3) Check for MACD histogram divergence. Check : if MACD Divergence is positive – then be ready for buy signal, if MACD divergence is negative – sell signal is near.
4) take bar testing in 15Min & 5min, and use .
Above interpretations are not new, all are available in the theory of MACD, I hav back tested, it works reasonably well.
Happy & Profitable treading…!
Download AFL 1) Swing tread with BUY & SELL Signal
https://dl.dropboxusercontent.com/u/62731433/15min%20Swing%20GOOD1.txt
2) MACD AFL Click this link
https://dl.dropboxusercontent.com/u/62731433/MACD%20GOOD.afl
Mangesh
I am submitting 2 AFL combination for detection of False signal.
1) Swing tread with BUY & Sell signal AFL
2) MACD AFL
I have not written this 2 AFL’s. (this afl’s are already available on net)
Just arrange this 2 AFLs on single screen and
1) check FOR false BUY Signal :- if MACD is below signal line & MACD Histogram is below zero (i.e red colour bar), then BUY signal is false.
2)Check for FALSE SELL Signal :- If MACD is above signal line(red line) & MACD Histogram is above zero, then Sell signal is false.
3) Check for MACD histogram divergence. Check : if MACD Divergence is positive – then be ready for buy signal, if MACD divergence is negative – sell signal is near.
4) take bar testing in 15Min & 5min, and use .
Above interpretations are not new, all are available in the theory of MACD, I hav back tested, it works reasonably well.
Happy & Profitable treading…!
Download AFL 1) Swing tread with BUY & SELL Signal
https://dl.dropboxusercontent.com/u/62731433/15min%20Swing%20GOOD1.txt
2) MACD AFL Click this link
https://dl.dropboxusercontent.com/u/62731433/MACD%20GOOD.afl
Mangesh
