The Ultimate RSI AND ADX Intraday Profit Generator Amibroker AFL [ Works GREAT in 2018 ]

Today we are going to show you exactly how to make intraday Profit by using RSI AND ADX Intraday amibroker afl.

In fact, this is the same process that’s helped me grow my trading profit over the year.

RSI AND ADX Intraday Profit Generator Amibroker AFL

And I should point something out:

This is a non-technical site audit.

So if you’re not super technical (like me), you’ll love the simple steps in this guide.



Let’s get started.

 

Step #1: Know about “RSI”

RSI – Relative Strength Indicator is developed by J. Welles Wilder and introduced in his book, New Concepts in Technical Trading Systems, the Relative Strength Index (RSI) is an extremely popular momentum oscillator.

The RSI compares the magnitude of a stock’s recent gains to the magnitude of its recent losses and turns that information into a number that ranges from 0 to 100. It takes a single parameter, the number of time periods to use in the calculation. Wilder recommends using 14 periods.

you may also read: Relative Strength Index (RSI) only use 14 periods why

Step #2: Know about “ADX”

ADX is used to quantify trend strength. ADX calculations are based on a moving average of price range expansion over a given period of time. The default setting is 14 bars, although other time periods can be used.

ADX is plotted as a single line with values ranging from a low of zero to a high of 100. ADX is non-directional; it registers trend strength whether price is trending up or down.

Step #3: Buy-Sell Signal

RSI AND ADX Intraday afl is a combined two indicator name Rsi and ADX. Already you know about this in upper.      To get buy and sell signal watch the image.

Image show that when Blue line (RSI Line) crosses Red line (ADX) from below than its show you a buy signal. On the opposite when Blue line crosses Red line from upper than it makes Sell signal.

Some times this Indicator goes to retrenchment or pullback. When blue line fail to cross red line than its gives you a pullback signal.

Step #4: RSI and ADX Intraday-AFL Code

Click here to download this AFL




Step #5: How to use Amibroker AFL

  • Download the Valid Supply-Demand Zone for Amibroker AFL.
  • Now copy the afl file and paste it to \Program Files\AmiBroker\Formulas\Custom. [For 32 bit]
  • If You have 64 bit operating system than paste it to  \Program Files(x86)\AmiBroker\Formulas\Custom.
  • Go to formula section of Amibroker and you will get the afl in Custom folder.
The Ultimate RSI AND ADX Intraday Profit Generator Amibroker AFL [ Works GREAT in 2018 ]
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