Today I am posting a Intraday AFL which is made for intraday trading purpose. This AFL I got from a Mudraa friend. (Source –Mudraa) As per AFL it says it is made by Ravi.(Full credits to Author)
Features of Intraday Trading AFL:-
- Automatic Buy Sell Signal on Chart.
- Can be used for intraday trading purpose for Nifty, BankNifty and Stocks( I would recommend it for Liquid Stocks)
- It gives Buy/ Sell Signal with Proper Stloploss and Target.
- I backtested it, gives good results in trending markets. But may give whipsaws in Choppy or Sideways markets.
- AFL is having three EMA’s --- EMA1- High 34, EMA2-Low34, EMA3- Close 34. So it is giving importance to 34 EMA.
- Trend by ATR. You can change ATR settings by changing its values in parameter window.
- Use it on your own. (Read Our Disclaimer First)
For Further Reading,