Code your Technical Analysis strategy

Traders,

This is where we will be getting help from our programmers to code your technical analysis strategy. It could be as simple as moving average crossovers to anything intermediate. Mention your strategy, we will explain how to code it. Coding your technical analysis strategy is critical because only then will you be able to backtest it and take it live.

So go ahead and post you technical analysis strategy here, we will reply as soon as possible with the code and an explanation of the code itself. The idea behind doing this is that eventually as and when you see various examples on how to code strategies with an explanation, you will stop needing the help and become a strategy coder on your own.

Time to Write, Backtest and Go live on trading the smart way.

Disclaimer:

The formulas or codes that we are helping you write is our view on your query. Zerodha is not liable for the correctness of it or for any trades that you take based on it. algoZ/Nest Pulse is provided as a tool to help you trade better, make sure that you double check before taking any trade based on the signals being generated.

Zerodha

Your friendly neighborhood discount brokerage

1,243 comments

  1. Ron says:

    When Nifty 5800 CE plus 5800 PE is less than Rs. 200, buy the same…please give a code to execute this strategy….its a very simple thing, does not involve any technical but so difficult to keep track of….not sure if AlgoZ is going to execute such strategy because it involve two contracts….

  2. Ubermensch says:

    Something similar to quantopian would be of great use to the traders.
    Also, could you open a GitHub account to group these scripts?

    • Nithin Kamath says:

      Not immediately, but eventually we will.

      • Rakesh G R says:

        Hi Nithin,

        I want a buy signal to be generated if the price moves above 5 days high with heavy volume in five minute candles.
        And a sell signal if price moves below 5 days low with heavy selling.

        Thanks
        Rakesh G R

  3. Djinn77 says:

    Hello Nitin , I wanted to understand the following points :

    1. There was a plugin available from Ami broker to your Trading Terminal Software. Is it still available?
    If Yes , how does a user purchase Data , analyze it and back test it in this module?

    2. Can a code written in Ami Broker AFL Language be used in your Software Algoz? If not is there any way out possible to do so? Since we have so many codes written and they employ a lot of different charting tools and indicators how do we integrate the two systems?

    3. Are you planning on coming up with a Data Subscription for charting software real time as well as past historical data.

    Which Language is AlgoZ based on? It is a charting software with features like Amibroker/MT4 etc

    Thanks
    Dheeraj

    • Nithin Kamath says:

      DJ,

      1. For the AMI plugin, you will have to get in touch with our partners Global data feeds, subscribe to live data from them and analyze/backtest it on amibroker.

      2. AFL language would be different compared to what is available on algoZ. algoZ is simpler than AFL, but you will have to code this separately. We will be helping you understand how to write codes on algoZ in the tutorial section. These 2 are separate systems and can’t really be integrated for now.

      3. The charting/programming will be available on your trading platform and you will get data by default. In the present beta version, we are giving 22 days intraday data and 1 yr daily historical chart. In the next version you will have 10 months data of intraday and historical to backtest from commencement.

      Click here to know the details of the programming language .

      • Hari Ram says:

        Hi Nithin, Is there an update on the 10 months of intraday data being made available? When is this likely tyo

      • hi says:

        I want to find stocks which follow the following criteria.
        I)50 day e.m.a above 150 ema
        2)macd gives + bias
        3)stock candle testing 14 day e.m.a
        4)stochastic showing oversold or below the 20%
        can it be possible from programming that I am able to find stock from nifty which able to fullfill the above criteria on daily basis

    • unnati says:

      hi sit mMY COAD I RD0288 I USES FOR AMIBROKER FORMULAS

      SO PLZ THIS FORMULA TO EDD MY NEST TREDER SOFTWER

      FORMULAS ISSSSSSSSS

      _SECTION_BEGIN(“SuperTrend”);
      SetBarsRequired(100000,0);
      GraphXSpace = 15;
      SetChartOptions(0,chartShowArrows|chartShowDates);
      SetChartBkColor(ParamColor(“bkcolor”,ColorRGB(0,0, 0)));
      GfxSetBkMode(0);
      GfxSetOverlayMode(1);
      SetBarFillColor(IIf(C>O,ParamColor(“Candle UP Color”, colorGreen),IIf(C<=O,ParamColor(“Candle Down Color”, colorRed),colorLightGrey)));
      Plot(C,”nPrice”,IIf(C>O,ParamColor(“Wick UP Color”, colorDarkGreen),IIf(C<=O,ParamColor(“Wick Down Color”, colorDarkRed),colorLightGrey)),64,0,0,0,0);

      SetTradeDelays(1,1,1,1);

      _N(Title = StrFormat(“{{NAME}} – {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}”, O, H, L, C, SelectedValue( ROC( C, 1 ) ) ));

      Factor=Param(“Factor”,3,1,10,1);
      Pd=Param(“ATR Periods”,10,1,100,1);
      Up=(H+L)/2+(Factor*ATR(Pd));
      Dn=(H+L)/2-(Factor*ATR(Pd));
      iATR=ATR(Pd);
      TrendUp=TrendDown=Null;
      trend[0]=1;
      changeOfTrend=0;
      flag=flagh=0;

      for (i = 1; i <BarCount; i++) {
      TrendUp[i] = Null;
      TrendDown[i] = Null;

      trend[i]=1;

      if (Close[i]>Up[i-1]) {
      trend[i]=1;
      if (trend[i-1] == -1) changeOfTrend = 1;

      }
      else if (Close[i]<Dn[i-1]) {
      trend[i]=-1;
      if (trend[i-1] == 1) changeOfTrend = 1;
      }
      else if (trend[i-1]==1) {
      trend[i]=1;
      changeOfTrend = 0;
      }
      else if (trend[i-1]==-1) {
      trend[i]=-1;
      changeOfTrend = 0;
      }

      if (trend[i]<0 && trend[i-1]>0) {
      flag=1;
      }
      else {
      flag=0;
      }

      if (trend[i]>0 && trend[i-1]<0) {
      flagh=1;
      }
      else {
      flagh=0;
      }

      if (trend[i]>0 && Dn[i]<Dn[i-1]){
      Dn[i]=Dn[i-1];
      }

      if (trend[i]<0 && Up[i]>Up[i-1])
      { Up[i]=Up[i-1];
      }

      if (flag==1)
      { Up[i]=(H[i]+L[i])/2+(Factor*iATR[i]);;
      }
      if (flagh==1)
      { Dn[i]=(H[i]+L[i])/2-(Factor*iATR[i]);;
      }
      if (trend[i]==1) {
      TrendUp[i]=Dn[i];
      if (changeOfTrend == 1) {
      TrendUp[i-1] = TrendDown[i-1];
      changeOfTrend = 0;
      }
      }
      else if (trend[i]==-1) {
      TrendDown[i]=Up[i];
      if (changeOfTrend == 1) {
      TrendDown[i-1] = TrendUp[i-1];
      changeOfTrend = 0;
      }
      }
      }

      Plot(TrendUp,”Trend”,colorGreen);
      Plot(TrendDown,”Down”,colorRed);

      Buy = trend==1;
      Sell=trend==-1;

      Buy=ExRem(Buy,Sell);
      Sell=ExRem(Sell,Buy);
      Short=Sell;
      Cover=Buy;

      BuyPrice=ValueWhen(Buy,C);
      SellPrice=ValueWhen(Sell,C);
      ShortPrice=ValueWhen(Short,C);
      CoverPrice=ValueWhen(Cover,C);

      Title = EncodeColor(colorWhite)+ “www.KEWALNIFTY.com” + ” – ” + Name() + ” – ” + EncodeColor(colorRed)+ Interval(2) + EncodeColor(colorWhite) +
      ” – ” + Date() +” – “+”n” +EncodeColor(colorRed) +”Op-“+O+” “+”Hi-“+H+” “+”Lo-“+L+” “+
      C+” “+ “Vol= “+ WriteVal(V)+”n”+
      EncodeColor(colorLime)+
      WriteIf (Buy , ” GO LONG / Reverse Signal at “+C+” “,””)+
      WriteIf (Sell , ” EXIT LONG / Reverse Signal at “+C+” “,””)+”n”+EncodeColor(colorYellow)+
      WriteIf(Sell , “Total Profit/Loss for the Last Trade Rs.”+(C-BuyPrice)+””,””)+
      WriteIf(Buy , “Total Profit/Loss for the Last trade Rs.”+(SellPrice-C)+””,””);

      PlotShapes(IIf(Buy, shapeSquare, shapeNone),colorGreen, 0, L, Offset=-40);
      PlotShapes(IIf(Buy, shapeSquare, shapeNone),colorLime, 0,L, Offset=-50);
      PlotShapes(IIf(Buy, shapeUpArrow, shapeNone),colorWhite, 0,L, Offset=-45);
      PlotShapes(IIf(Short, shapeSquare, shapeNone),colorRed, 0, H, Offset=40);
      PlotShapes(IIf(Short, shapeSquare, shapeNone),colorOrange, 0,H, Offset=50);
      PlotShapes(IIf(Short, shapeDownArrow, shapeNone),colorWhite, 0,H, Offset=-45);

      TrendSL=IIf(trend==1,TrendUp,TrendDown);

      for(i=BarCount-1;i>1;i–)
      {
      if(Buy[i] == 1)
      {
      entry = C[i];
      sig = “BUY”;
      sl = TrendSL[i];
      tar1 = entry + (entry * .0050);
      tar2 = entry + (entry * .0092);
      tar3 = entry + (entry * .0179);

      bars = i;
      i = 0;
      }
      if(Sell[i] == 1)
      {
      sig = “SELL”;
      entry = C[i];
      sl = TrendSL[i];
      tar1 = entry – (entry * .0050);
      tar2 = entry – (entry * .0112);
      tar3 = entry – (entry * .0212);

      bars = i;
      i = 0;
      }
      }
      Offset = 20;
      Clr = IIf(sig == “BUY”, colorLime, colorRed);
      ssl = IIf(bars == BarCount-1, TrendSL[BarCount-1], Ref(TrendSL, -1));
      sl = ssl[BarCount-1];

      Plot(LineArray(bars-Offset, tar1, BarCount, tar1,1), “”, Clr, styleLine|styleDots, Null, Null, Offset);
      Plot(LineArray(bars-Offset, tar2, BarCount, tar2,1), “”, Clr, styleLine|styleDots, Null, Null, Offset);
      Plot(LineArray(bars-Offset, tar3, BarCount, tar3,1), “”, Clr, styleLine|styleDots, Null, Null, Offset);

      //Plot(LineArray(bars-Offset, sl, BarCount, sl,1), “”, colorDarkRed, styleLine|styleLine, Null, Null, Offset);
      //Plot(LineArray(bars-Offset, entry, BarCount, entry,1), “”, colorGreen, styleLine|styleLine, Null, Null, Offset);

      for (i=bars; i <BarCount;i++)
      {
      PlotText(“”+sig+”@”+entry, BarCount+1,entry,Null,colorBlue);
      PlotText(“TARGET [email protected]”+tar1,BarCount+3,tar1,Null,Clr);PlotText(“TARGET [email protected]”+tar2,BarCount+3,tar2,Null,Clr);PlotText (“TARGET [email protected]”+tar3,BarCount+3,tar3,Null,Clr);

      }

      messageboard = ParamToggle(“Message Board”,”Show|Hide”,1);
      if (messageboard == 1 )
      {
      GfxSelectFont( “Tahoma”, 13, 100 );
      GfxSetBkMode( 1 );
      GfxSetTextColor( colorWhite );

      if ( sig ==”BUY”)
      {
      GfxSelectSolidBrush( colorBlue ); // this is the box background color
      }
      else
      {
      GfxSelectSolidBrush( colorRed ); // this is the box background color
      }
      pxHeight = Status( “pxchartheight” ) ;
      xx = Status( “pxchartwidth”);
      Left = 1100;
      width = 310;
      x = 5;
      x2 = 290;

      y = pxHeight;

      GfxSelectPen( colorGreen, 1); // broader color
      GfxRoundRect( x, y – 98, x2, y , 7, 7 ) ;
      GfxTextOut( ( “WWW.KEWALNIFTY.COM-TREND”),13,y-100);
      GfxTextOut( (” “),27,y-100);
      GfxTextOut( (” LAST ” + sig + ” CALL ” + (BarCount-bars-1) * Interval()/60 + ” MNTS AGO “), 13, y-80) ; // The text format location
      GfxTextOut( (“” + WriteIf(sig ==”BUY”,sig + ” @ “,sig + ” @”) + ” : ” + entry), 13, y-60);
      GfxTextOut( (“TRAILING SL : ” + TrendSL + ” (” + WriteVal(IIf(sig == “SELL”,entry-sl,sl-entry), 2.2) + “)”), 13, y-40);
      GfxTextOut( (“CURRENT P/L : ” + WriteVal(IIf(sig == “BUY”,(C-entry),(entry-C)),2.2)), 13, y-22);;

      }

      _SECTION_END();

      _SECTION_BEGIN(“Magnified Market Price”);

      FS=Param(“Font Size”,28,11,100,1);
      GfxSelectFont(“Arial”, FS, 700, italic = False, underline = False, True );
      GfxSetBkMode( colorWhite );
      GfxSetTextColor( ParamColor(“Color”,colorViolet) );

      Hor=Param(“Horizontal Position”,766,1,1200,1);
      Ver=Param(“Vertical Position”,1,1,1,1);
      GfxTextOut(“”+C,Hor , Ver );
      GfxTextOut( Name(), Hor,Ver-50 );
      YC=TimeFrameGetPrice(“C”,inDaily,-1);
      DD=Prec(C-YC,2);
      xx=Prec((DD/YC)*100,2);
      GfxSelectFont(“Arial”, 12, 700, italic = False, underline = False, True );
      GfxSetBkMode( colorWhite );
      GfxSetTextColor(ParamColor(“Color”,colorViolet) );
      GfxTextOut(“”+DD+” (“+xx+”%)”, Hor+5, Ver+45 );

      _SECTION_END();

      • RAJESH J says:

        Hai Do You Want Super Trend Copy & Past This AFL on Your AFL Editor This Code Run Properly

        /* Done by */
        /* Author of Non Repainting Super Trend Indicator */

        _SECTION_BEGIN(“SuperTrend”);
        SetBarsRequired(100000,0);
        GraphXSpace = 15;
        SetChartOptions(0,chartShowArrows|chartShowDates);
        SetChartBkColor(ParamColor(“bkcolor”,ColorRGB(0,0, 0)));
        GfxSetBkMode(0);
        GfxSetOverlayMode(1);
        SetBarFillColor(IIf(C>O,ParamColor(“Candle UP Color”, colorGreen),IIf(CO,ParamColor(“Wick UP Color”, colorDarkGreen),IIf(C<=O,ParamColor("Wick Down Color", colorDarkRed),colorLightGrey)),64,0,0,0,0);

        SetTradeDelays(1,1,1,1);

        _N(Title = StrFormat("{{NAME}} – {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ));

        Factor=Param("Factor",4,1,10,0.1);
        Pd=Param("ATR Periods",10,1,100,1);
        Up=(H+L)/2+(Factor*ATR(Pd));
        Dn=(H+L)/2-(Factor*ATR(Pd));
        iATR=ATR(Pd);
        TrendUp=TrendDown=Null;
        trend[0]=1;
        changeOfTrend=0;
        flag=flagh=0;

        for (i = 1; i Up[i-1]) {
        trend[i]=1;
        if (trend[i-1] == -1) changeOfTrend = 1;

        }
        else if (Close[i]<Dn[i-1]) {
        trend[i]=-1;
        if (trend[i-1] == 1) changeOfTrend = 1;
        }
        else if (trend[i-1]==1) {
        trend[i]=1;
        changeOfTrend = 0;
        }
        else if (trend[i-1]==-1) {
        trend[i]=-1;
        changeOfTrend = 0;
        }

        if (trend[i]0) {
        flag=1;
        }
        else {
        flag=0;
        }

        if (trend[i]>0 && trend[i-1]0 && Dn[i]<Dn[i-1]){
        Dn[i]=Dn[i-1];
        }

        if (trend[i]Up[i-1])
        { Up[i]=Up[i-1];
        }

        if (flag==1)
        { Up[i]=(H[i]+L[i])/2+(Factor*iATR[i]);;
        }
        if (flagh==1)
        { Dn[i]=(H[i]+L[i])/2-(Factor*iATR[i]);;
        }
        if (trend[i]==1) {
        TrendUp[i]=Dn[i];
        if (changeOfTrend == 1) {
        TrendUp[i-1] = TrendDown[i-1];
        changeOfTrend = 0;
        }
        }
        else if (trend[i]==-1) {
        TrendDown[i]=Up[i];
        if (changeOfTrend == 1) {
        TrendDown[i-1] = TrendUp[i-1];
        changeOfTrend = 0;
        }
        }
        }

        Plot(TrendUp,”Trend”,colorGreen);
        Plot(TrendDown,”Down”,colorRed);

        Buy = trend==1;
        Sell=trend==-1;

        Buy=ExRem(Buy,Sell);
        Sell=ExRem(Sell,Buy);
        Short=Sell;
        Cover=Buy;

        BuyPrice=ValueWhen(Buy,C);
        SellPrice=ValueWhen(Sell,C);
        ShortPrice=ValueWhen(Short,C);
        CoverPrice=ValueWhen(Cover,C);

        Title = EncodeColor(colorWhite)+ “RAJESH J ST System” + ” – ” + Name() + ” – ” + EncodeColor(colorRed)+ Interval(2) + EncodeColor(colorWhite) +
        ” – ” + Date() +” – “+”\n” +EncodeColor(colorRed) +”Op-“+O+” “+”Hi-“+H+” “+”Lo-“+L+” “+
        “Cl-“+C+” “+ “Vol= “+ WriteVal(V)+”\n”+
        EncodeColor(colorLime)+
        WriteIf (Buy , ” GO LONG EXIT SHORT / ST Signal at “+C+” “,””)+
        WriteIf (Sell , ” GO SHORT EXIT LONG / ST Signal at “+C+” “,””)+”\n”+EncodeColor(colorYellow)+
        WriteIf(Sell , “Total Profit/Loss for the Last Trade Rs.”+(C-BuyPrice)+””,””)+
        WriteIf(Buy , “Total Profit/Loss for the Last trade Rs.”+(SellPrice-C)+””,””);

        PlotShapes(IIf(Buy, shapeSquare, shapeNone),colorGreen, 0, L, Offset=-40);
        PlotShapes(IIf(Buy, shapeSquare, shapeNone),colorLime, 0,L, Offset=-50);
        PlotShapes(IIf(Buy, shapeUpArrow, shapeNone),colorWhite, 0,L, Offset=-45);
        PlotShapes(IIf(Short, shapeSquare, shapeNone),colorRed, 0, H, Offset=40);
        PlotShapes(IIf(Short, shapeSquare, shapeNone),colorOrange, 0,H, Offset=50);
        PlotShapes(IIf(Short, shapeDownArrow, shapeNone),colorWhite, 0,H, Offset=-45);

        TrendSL=IIf(trend==1,TrendUp,TrendDown);

        for(i=BarCount-1;i>1;i–)
        {
        if(Buy[i] == 1)
        {
        entry = C[i];
        sig = “BUY”;
        sl = TrendSL[i];
        tar1 = entry + (entry * .0050);
        tar2 = entry + (entry * .0092);
        tar3 = entry + (entry * .0179);

        bars = i;
        i = 0;
        }
        if(Sell[i] == 1)
        {
        sig = “SELL”;
        entry = C[i];
        sl = TrendSL[i];
        tar1 = entry – (entry * .0050);
        tar2 = entry – (entry * .0112);
        tar3 = entry – (entry * .0212);

        bars = i;
        i = 0;
        }
        }
        Offset = 20;
        Clr = IIf(sig == “BUY”, colorLime, colorRed);
        ssl = IIf(bars == BarCount-1, TrendSL[BarCount-1], Ref(TrendSL, -1));
        sl = ssl[BarCount-1];

        Plot(LineArray(bars-Offset, tar1, BarCount, tar1,1), “”, Clr, styleLine|styleDots, Null, Null, Offset);
        Plot(LineArray(bars-Offset, tar2, BarCount, tar2,1), “”, Clr, styleLine|styleDots, Null, Null, Offset);
        Plot(LineArray(bars-Offset, tar3, BarCount, tar3,1), “”, Clr, styleLine|styleDots, Null, Null, Offset);

        //Plot(LineArray(bars-Offset, sl, BarCount, sl,1), “”, colorDarkRed, styleLine|styleLine, Null, Null, Offset);
        //Plot(LineArray(bars-Offset, entry, BarCount, entry,1), “”, colorGreen, styleLine|styleLine, Null, Null, Offset);

        /*
        for (i=bars; i <BarCount;i++)
        {
        PlotText(""+sig+"@"+entry, BarCount-5,entry,Null,colorBlue);
        PlotText("[email protected]"+tar1,BarCount-5,tar1,Null,Clr);PlotText("[email protected]"+tar2,BarCount-5,tar2,Null,Clr);PlotText ("[email protected]"+tar3,BarCount-5,tar3,Null,Clr);

        }*/

        messageboard = ParamToggle("Message Board","Show|Hide",1);
        if (messageboard == 1 )
        {
        GfxSelectFont( "Tahoma", 13, 100 );
        GfxSetBkMode( 1 );
        GfxSetTextColor( colorWhite );

        if ( sig =="BUY")
        {
        GfxSelectSolidBrush( colorBlue ); // this is the box background color
        }
        else
        {
        GfxSelectSolidBrush( colorRed ); // this is the box background color
        }
        pxHeight = Status( "pxchartheight" ) ;
        xx = Status( "pxchartwidth");
        Left = 1100;
        width = 310;
        x = 5;
        x2 = 290;

        y = pxHeight;

        GfxSelectPen( colorGreen, 1); // broader color
        GfxRoundRect( x, y – 98, x2, y , 7, 7 ) ;
        GfxTextOut( ( "RAJESH J ST System"),13,y-100);
        GfxTextOut( (" "),27,y-100);
        GfxTextOut( ("Last " + sig + " Signal came " + (BarCount-bars-1) * Interval()/60 + " mins ago"), 13, y-80) ; // The text format location
        GfxTextOut( ("" + WriteIf(sig =="BUY",sig + " @ ",sig + " @") + " : " + entry), 13, y-60);
        GfxTextOut( ("Trailing SL : " + Ref(TrendSL,-1) + " (" + WriteVal(IIf(sig == "SELL",entry-sl,sl-entry), 2.2) + ")"), 13, y-40);
        /*GfxTextOut( ("TGT:1 : " + tar1), 13, y -80);
        GfxTextOut( ("TGT:2 : " + tar2), 13,y-60);
        GfxTextOut( ("TGT:3 : " + tar3), 13,y-40);*/
        GfxTextOut( ("Current P/L : " + WriteVal(IIf(sig == "BUY",(C-entry),(entry-C)),2.2)), 13, y-22);;

        //Magfied Market Price
        FS=Param("Font Size",30,11,100,1);
        GfxSelectFont("Times New Roman", FS, 700, True );
        GfxSetBkMode( colorWhite );
        GfxSetTextColor( ParamColor("Color",colorGreen) );
        Hor=Param("Horizontal Position",1000,1,1200,1);
        Ver=Param("Vertical Position",70,1,830,1);
        GfxTextOut(""+C, Hor , Ver );
        YC=TimeFrameGetPrice("C",inDaily,-1);
        DD=Prec(C-YC,2);
        xx=Prec((DD/YC)*100,2);
        GfxSelectFont("Times New Roman", 11, 700, True );
        GfxSetBkMode( colorBlack );
        GfxSetTextColor(ParamColor("Color",colorYellow) );
        GfxTextOut(""+DD+" ("+xx+"%)", Hor , Ver+45 );

        }

        _SECTION_END();

        _SECTION_BEGIN("Time Left");
        function GetSecondNum()
        {
        Time = Now( 4 );
        Seconds = int( Time % 100 );
        Minutes = int( Time / 100 % 100 );
        Hours = int( Time / 10000 % 100 );
        SecondNum = int( Hours * 60 * 60 + Minutes * 60 + Seconds );
        return SecondNum;
        }
        RequestTimedRefresh( 1 );
        TimeFrame = Interval();
        SecNumber = GetSecondNum();
        Newperiod = SecNumber % TimeFrame == 0;
        SecsLeft = SecNumber – int( SecNumber / TimeFrame ) * TimeFrame;
        SecsToGo = TimeFrame – SecsLeft;

        x=Param("xposn",15,0,1000,1);
        y=Param("yposn",55,0,1000,1);

        GfxSelectSolidBrush( ColorRGB( 230, 230, 230 ) );
        GfxSelectPen( ColorRGB( 230, 230, 230 ), 2 );
        if ( NewPeriod )
        {
        GfxSelectSolidBrush( colorYellow );
        GfxSelectPen( colorYellow, 2 );
        Say( "New period" );
        }
        //GfxRoundRect( x+45, y+40, x-3, y-2, 0, 0 );
        //GfxSetBkMode(1);
        GfxSelectFont( "Arial", 14, 700, False );
        GfxSetTextColor( colorRed );
        GfxTextOut( "Time Left :"+SecsToGo+"", x, y );
        _SECTION_END();

  4. Dip says:

    As given by you in the simple example, a 14 EMA crossover gives you a lot of unwanted signals. What if I want to sell on 14EMA crossover if RSI is above 60 and buy on 14EMA crossover, if RSI below 40?
    How do I code it and can you also share the backtest result.?

    • Nithin Kamath says:

      14 EMA crossover will give a lot of buy/sell and you might get chopped when markets are flat.

      RSI(Relative Strength Index) as investopedia explains is a technical momentum indicator that compare the magnitude of recent gains to recent losses in an attempt to determine overbought and oversold conditions of an asset. In simple words, RSI ranges from 0 to 100 and typically if the value is more than 70 it is said to be overbought and if lesser than 30 oversold. So according to RSI, it is not a good time to buy if above 70 or to short if below 30.

      So what Dip wants to do is, he wants to buy when 14 EMA is crossing over only if RSI is below 40, the RSI condition acts like a secondary condition to filter trades by taking on those crossovers where the contract is close to oversold, but definitely not overbought.

      Similarly he wants to sell on a crossover only if RSI above 60, close to being overbought but definitely not oversold.

      This additional logic is a good filter to have for someone starting off on technical analysis. The number 40 or 60, you have to decide based on backtesting.

      RSI again has a time period to it which Dip has forgot to mention, but since we are looking at 14 EMA, will assume he meant a 14 candle RSI.

      For the above example:

      Your buy expression would be: Close>EMA(Close,14) AND RSI(Close,14)<40

      Your sell expression would be : Close < EMA(Close,14) AND RSI(Close,14) > 60

      Your buy exit expression: 0

      Your sell exit expression: 0

      Basically when you mention a 0 on the buy/sell exit expression, your exit for the buy would be your sell expression and vice versa.

      So for example, if your preset order size is 1 lot, if your buy expression gives you a prompt, you buy 1 lot and when the sell expression comes, you sell the 1 lot you are holding and take a fresh selling 1 lot.

      You can follow the steps in this blog to save this expression, backtest and take live.

      Backtest result for the last 22 days intraday on 1 min candles:

      1st trade Short at 5610 , buy at 5509 profit of 101 points.

      2nd trade Short at 5629, if you had put a 50 point SL, loss of 50 points.

      Net profit of around 50 points, but do note that strategies like these which work on moving averages can be choppy in flat markets.

      Hope this helps,

      Cheers,

  5. ZTrader says:

    Hello Nitin,

    I am not a programmer, so I will explain my strategy in layman terms and you please let me know is it possible to code this strategy..

    it is kind of breakout strategy….i want to place Stop Loss Buy pending order above previous bar’s High and Stop Loss Sell pending order below the previous bar’s low and if any of the order gets executed, the corresponding against order should automatically be the Stop Loss value for the Executed order.

    I hope you understand this strategy…do reply me…

    • Nithin Kamath says:

      This one is actually pretty simple if I got your query right.

      The idea is to buy if the price goes higher than high of the previous candle and sell if it goes lower than the previous low.

      Good thing with this is that again you are going with the nearest trend. If you are using 1 minute candles there might be a lot of buy and sell signals, ensure you choose the right candle for a strategy like this.

      The code:

      Buy expression: CLOSE>REF(HIGH,1) Sell Expression: CLOSE<REF(LOW,1)
      Buy exit : 0 Sell exit: 0

      A REF function basically takes you to any previous candle, in this case(High,1) will give you a reference of highest 1 candle back(previous candle).

      If you mentioned REF(High,3), it will take reference of the highest point 3 candles back.

      Similarly for the Sell, REF(LOW,1) will give you a reference point of low of 1 candle back. So if the present candle closes below the previous candle low,you automatically get an indicator.

      exit expression is kept at 0 , because you want to exit and also reverse the trade if the opposite indicator initiates. So if you have bought 1 lot, when the sell indicator comes, you exit your 1 lot and take a fresh short of 1 lot.

      Hope this clarifies.

    • ZTrader says:

      Thank you very much for your prompt and swift reply.

      You got it right, but instead of previous candle like REF(HIGH,1) or REF(HIGH,3) or REF(HIGH,4)…is it possible to mention time…for example I want to place Stop Loss Buy pending order above the High of 11:15 Bar (15-Minute Timeframe chart and when the 11:15 bar closes I want to place Buy Stop above the 11:15 Bar’s High and Sell Stop below the 11:15 Bar’s Low)….can you please explain how to code this simple concept….Thanks in advance…

      You guys are really doing good job….I really appreciate it

      • kubendraa says:

        sir ji.. did u got the algo code for your question?..based on time candle break out buy and sell..
        thats good strate..
        if u found code
        please forward
        thank you

    • ZTrader says:

      Also please do let me know, is it possible to place Stop Loss and Target Profit for the orders

    • Nithin Kamath says:

      Check this http://www.zerodha.com/z-connect/blog/view/managing-your-script

      How to place Stop loss is shown above.

      Your sell expression is your exit order for your buying position and at sell expression you can take a fresh sell also or vice versa.

      Otherwise you can also mention a buy exit expression, which will be your exit for buy and sell exit for sell..

  6. jimmy_087 says:

    Can you give strategy for:

    Buy: EMA(close 7) crossover EMA(14) + trailing stoploss at 1.5%

    Sell: EMA(close 7) crossbelow EMA(14) + trailing stoploss at 1.5%

    • Nithin Kamath says:

      Jimmy, there is no features of trailing stop loss presently. But in your alert preference you can preset Stop loss%.

      Crossover of exponential moving averages are probably what most technical analysts, start off with. With these crossovers, if markets are trending in a big way it makes you money but in flat markets can again chop you.

      Your code:

      Buy: EMA(Close,7)>EMA(Close,14) Sell: EMA(Close,7)<EMA(Close,14)

      Buy exit: 0 Sell exit: 0

      Again exit as 0 because for ex, if you bought nifty at 5800 on a crossover at 5850 if a sell crossover happens, you not only exit what you had both also short another.

      Cheers,

  7. Sebu says:

    Thanks for the great idea!

    Generally I use MACD of Short Period 12 and Long Period 26 with RSI Period 10.
    I buy @ cross over + RSI~30 (Increase the value of RSI from a lover range)
    I [email protected] cross over + RSI~70 (Decrease the value of RSI from a higher range)
    Please make strategy for the expression.

    • Nithin Kamath says:

      Sebu,

      You are looking at MACD crossover, buy if MACD crossover, provided the RSI has moved from less than 30 to more than 30 and similarly sell if RSI has moved from above 70 to below 70.

      For those of you who don’t understand MACD crossover and RSI, you can google for it. The thing is we are combining 2 strategies and we have to take a buy or sell only if both the strategies meet the conditions set.

      @sebu, you have given me the MACD line which is 12 and 26, but you haven’t given me the signal line, so will take the default 9.

      Code:

      Buy Expression:

      MACD(26,12,9,EXPONENTIAL)>MACDSIGNAL(26,12,9,EXPONENTIAL) AND RSI(Close,10)>30 AND REF(RSI(Close,10), 1)<30

      Buy exit: 0

      Sell Expression:

      MACD(26,12,9,EXPONENTIAL)<MACDSIGNAL(26,12,9,EXPONENTIAL) AND RSI (CLOSE,10) < 70 AND REF(RSI(CLOSE,10),1)>70

      Sell exit: 0

      The above is actually pretty simple if you look at it. The new thing which is used here is the ” AND” expression. You can use all boolean logic like AND, NOT, OR etc. In this case AND because you want a buy/sell indicator only if all the conditions are met.

      Have explained about REF in the previous example, in the case of buy, you want to buy only if RSI was below 30 the previous candle and it is above 30 at the close of this candle. Do check out the REF example above, should clarify .

      Cheers

  8. Prashant says:

    What is the code for gann hi lo indicator, it gives similar results as given by super trend indicator used by marketcalls.in

  9. gb333 says:

    I WANT TO CODE THE STRATEGY 3 EMA AND 15 EMA CROSSOVER.
    HOW CAN I WRITE THE CODE WHEN –

    EMA(CLOSE,3) CROSS EMA(CLOSE,15) THEN I WILL BUY
    AND WHEN

    EMA(CLOSE,15) CROSS EMA(CLOSE,3) I WILL SELL

    TIME INTERVAL – DAILY

    REGARDS
    GAUTAM

    • Nithin Kamath says:

      As explained to Jimmy above, a pretty simple code:

      Buy expression: EMA(Close,3)>EMA(Close,15)
      Buy exit: 0

      Sell Expression: EMA(Close,3)<EMA(Close,15)
      Sell exit: 0

      Gautam, after writing, when you are backtesting the strategy, first open the historical chart which will by default give daily candles. Click on backtest as shown in the simple example. It will now show you backtested result for the above as per daily candles.

      If it is daily candle that you are using, you can’t take the strategy live, in the sense the chart will show you a buy/sell at the end of the day and you will have to execute it manually the next day.

      Cheers.

      • SIVA says:

        I WANT TO CODE THE STRATEGY 3 EMA AND 15 EMA CROSSOVER.
        HOW CAN I WRITE THE CODE


        BUY AT 15:25 HRS IF EMA(CLOSE,3) CROSS EMA(CLOSE,15) ON DAILY CANDLE.

        AND

        SELL AT 15:25 HRS IF EMA(CLOSE,15) CROSS EMA(CLOSE,3) ON DAILY CANDLE.

        • Buy: EMA(Close,3)>EMA(Close,15) Buy exit: 0

          Sell: EMA(Close,3)Managing your script, you can set an execution time period.

          The thing though is that you will not be able to go live on a daily candle as the candle will be complete only at the end of the day and not at 3.25pm, if I am understanding your strategy right. If you want the system to give you an indicator on its own, you will need to run the strategy on intraday chart. If you want to run this on a daily candle, you will have to do it after the market closing and place a trade the next day when market opens.

  10. pypawar says:

    from when can u give more info about writing strategy , as i work on multiple strategies for scripts

    • Nithin Kamath says:

      Pawar,

      So hopefully all the queries answered above should be of help, also look at the user manuals. You can run multiple strategies with predetermined stop loss % and order size.

  11. ananthak says:

    Can you share any document on AlgoZ

  12. amarchamba says:

    My strategy is:
    When 14 period ADX is above 25
    MacD with 26,13,6 values shows a buy/sell crossover respectively, and then the move is confirmed by below criteria to open a buy/sell position respectively
    Stock retraces at least 3 days from up/down trend (It can be between 3 and 5 days retracement) and then to take buy/sell position respectively when the price goes above/below previous days High/low respectively

    I hope there will be a code for my above strategy

    • amarchamba says:

      More expression
      The ADX should be above 25 and rising from lower levels and not falling from higher levels

    • Nithin Kamath says:

      Reposting all your related quries under 1 heading

      When I right click on chart I do not see script. Is it because I am a new trader or its because i have to enable something

    • Nithin Kamath says:

      Amar, yes you if you are not able to see the edit option as shown in this

    • Nithin Kamath says:

      Your description for the quote is not very clear, so ensure you backtest and see if it is performing the way you want to :

      Buy Expression:
      CLOSE > REF(HIGH,1) AND ADX(14) > 25 AND REF(ADX(14),1) < 25 AND MACD(26,12,9,EXPONENTIAL) > 0 AND CLOSE < REF(CLOSE,-1) AND REF(CLOSE,-1) < REF(CLOSE,-2) AND REF(CLOSE,-2) < REF(CLOSE,-3)

      Buy exit: 0

      Sell Expression:
      CLOSE < REF(LOW,1) AND ADX(14) > 25 AND REF(ADX(14),1) < 25 AND MACD(26,12,9,EXPONENTIAL) < 0 AND CLOSE > REF(CLOSE,-1) AND REF(CLOSE,-1) > REF(CLOSE,-2) AND REF(CLOSE,-2) > REF(CLOSE,-3)

      Sell exit: 0

  13. SASIMENON says:

    pls help me to write my strategy at the earlirst to backtest,I am anxiousily waiting

    200 ema crossover above 1300 sma for a buy
    200 ema crossover below 1300 sma for a sell

    • Nithin Kamath says:

      Posting all your queries under one main query.

      hi,
      where are your experts,so far no reply ?,A reply should be posted at least within 1 hour,what a blog is this.?
      One question a day
      An answer on another day
      A blog should be busy with questions and answers,then only more traders will login to know different strategies,
      This is afterall to make money,not for timepass
      pls answer me

      I have one another question

      can I write a strategy to buy above a certain price,to sell below a certain price of a particular scrip
      for eg:
      TATA STEEL TO BUY N LONG ABOVE RATE 310 ,TO SELL N SHORT BELOW 310

    • Nithin Kamath says:

      HI,
      CAN WE WRITE A VALUE ABOVE BUY AND VALUE BELOW SELL FOR A SCRIP FOR A DAY

    • Nithin Kamath says:

      Firstly Sasi, This particular blog is for helping you write codes/programs and we are doing it as a value add to our customers. We will be replying to all of this at our convenience, we don’t guarantee reply in any fixed duration.

      You can’t write a strategy to buy above and below a price, because that is not really technical analysis. If you have a particular condition, you can set to buy above it or sell below it, like the EMA example you have given.

      You can set a buy/sell based on any of the previous candles, but can’t write above and below as you have mentioned in both the queries.

      Cheers.

    • Nithin Kamath says:

      The EMA example is already explained above, do have a look at that also.

      Here is your expression:

      Buy expression: EMA(Close,200)>SMA(Close,1300)
      But exit: 0

      Sell expression: EMA(Close,200)<SMA(Close,1300)
      Sell exit: 0

      Cheers,

      Nithin

      • Shivakumar says:

        Hi I am Looking for Price action Trading support tool, Which is available with Angle broking, I.e , Candlestick information , Bearish Engulfing, Bullish Engulfing, Inverted Hammer, Doji, like all the pattern are is available with Angle broking
        I am looking this kind of information in PI , or KITE , if you can code it and send the details I would be happy to use it
        Please do the needful immediately
        Best Regards
        Shivakumar

  14. atulshar946 says:

    Dear Team,
    need your help to write and test following
    expression for Let say WR+ => -50 AND STOCHRSI => 0.50 it should buy and WR+ < -50 AND STOCHRSI < 0.50

    Thanks
    Atul Chaudhari

    • Nithin Kamath says:

      Sorry for the delay Atul,

      Here is the code below and calculated on 14 candles. You can change it to any you want.

      Buy expression:

      SET R= RSI(Close,14)

      SET N=R – (MINOF(MIN(R,13), REF(R,14)))

      SET D= (MAXOF(MAX(R,13), REF(R,14))) – (MINOF(MIN(R,13), REF(R,14)))

      SET STOCHRSI= N/D

      WPR(14)>-50 AND STOCHRSI>0.50

      SELL EXPRESSION:

      SET R= RSI(Close,14)

      SET N=R – (MINOF(MIN(R,13), REF(R,14)))

      SET D= (MAXOF(MAX(R,13), REF(R,14))) – (MINOF(MIN(R,13), REF(R,14)))

      SET STOCHRSI= N/D

      WPR(14)<-50 AND STOCHRSI<0.50

    • atulshar946 says:

      pl help me to config this script, its working on my charting s/w

      buy
      RSI:=SMA(MAX(CLOSE-REF(CLOSE,1),0),14,1)/SMA(ABS(CLOSE-REF(CLOSE,1)),14,1)*100;
      SRSI:=(RSI-LLV(RSI,14))/(HHV(RSI,14)-LLV(RSI,14));;
      WR:=-100*(HHV(HIGH,14)-CLOSE)/(HHV(HIGH,14)-LLV(LOW,14));
      EXIST((WR>=-90 & SRSI>=0.9),1);

      sell
      RSI:=SMA(MAX(CLOSE-REF(CLOSE,1),0),14,1)/SMA(ABS(CLOSE-REF(CLOSE,1)),14,1)*100;
      SRSI:=(RSI-LLV(RSI,14))/(HHV(RSI,14)-LLV(RSI,14));;
      WR:=-100*(HHV(HIGH,14)-CLOSE)/(HHV(HIGH,14)-LLV(LOW,14));
      EXIST((WR<=-10 & SRSI<=0.1),1);

  15. Nithin Kamath says:

    Pradeeep TV asked:

    Basically i want to use heikin-ashi charts, so my close, open, low and
    high are specified below —

    HA-Close = (Open(0) + High(0) + Low(0) + Close(0)) / 4

    HA-Open = (HA-Open(-1) + HA-Close(-1)) / 2

    HA-High = Maximum of the High(0), HA-Open(0) or HA-Close(0)

    HA-Low = Minimum of the Low(0), HA-Open(0) or HA-Close(0)

    Buy —> If the close goes above highest close of last 4 candles then buy.

    Sell —> If the close goes below lowest close of last 4 candles then sell

    Answer:

    For all those who don’t know Heiken-Ashi is a type of candle stick chart with the difference being in the following parameters.

    Close = (Open+High+Low+Close)/4
    Open = [Open (previous bar) + Close (previous bar)]/2
    High = Max (High,Open,Close)
    Low = Min (Low,Open, Close)

    Your condition is the below to buy/sell, which is based only on the close, so you really don’t need to worry about open, high, low.
    Buy —> If the close goes above highest close of last 4 candles then buy.
    Sell —> If the close goes below lowest close of last 4 candles then sell

    The below should be self explanatory.

    Buy expression:

    SET HAC = (OPEN+HIGH+LOW+CLOSE)/4
    HAC>MAXOF(REF(HAC,1), REF(HAC,2), REF(HAC,3), REF(HAC,4))

    Buy exit: 0

    Sell expression:

    SET HAC = (OPEN+HIGH+LOW+CLOSE)/4
    HAC < MINOF(REF(HAC,1), REF(HAC,2), REF (HAC,3), REF (HAC,4))

    Sell exit: 0

    You can check out the example above where I have mentioned the use of REF function. REF basically takes reference of the candle, so REF(HAC,1) would mean HAC for 1 candle before, REF(HAC,2) 2 candles before and so on.

    • Ashish says:

      Hello team, I have tried the above script but its giving error undefined variable HAC. Could you please help me out on this ?

  16. Gopiramnath says:

    Dear Sir,

    Another excellent effor by Zerodha team. I want a code for the following strategy.

    Trading Price > Previous close and Trading Price > Open = Buy
    (But it should be done @ 10.15 AM of every day and closes the position @ 3.10PM)

    Trading Price < Previous Close and Trading Price < Open = Sell
    (But it should be done @ 10.15 AM of every day and closes the position @ 3.10PM)

    Stoploss is vice versa and it should take position as well in case of stoploss triggered.

    Can you make a strategy for this?

    Thanks in advance

    • Nithin Kamath says:

      Gopi,

      Presently you cannot code yesterday’s close or today’s open.

      But if you are doing it on a particular time frame and use the start/stop time as explained in this blog you can manage. You can keep start as 10.15am and end as 3.10pm. No new alerts come after 3.10pm, but if there is a position/order, it will continue to exist unless you cancel manually.

      If you are writing this on a candle basis

      Buy expression: Close>REF(Close,1) AND Close>Open

      Buy exit: 0

      Sell expression: Close<REF(Close,1) AND Close<Open

      Sell exit: 0

      You can also have a preset stop loss % as explained in the blog.

      Hopefully this helps.

    • Dk0046 says:

      Hello Zerodha,
      How do I use Start and stop time in Back Testing.. I want to back test say between 10 AM and 3 PM only?

  17. SASIMENON says:

    Sir,
    Thank you for the valuble reply,

    I wish to know, 1. SMA VALUES 2000 ,3000,are available to make an expression ?

    2. As I am a zerodha trader,where I can go for these fecilities.

    • Nithin Kamath says:

      Sasi,

      Basically you can make an expression if you have access to 2000 or 3000 candles.

      What I mean to say is presently for all stocks we have daily data from commencement. So assume you are analyzing daily historical chart of Reliance for 10 years. You will have 2500 daily candles( 250 days/yr and 10 years), so yes you run the strategy.

      But if you are looking at hourly candles, 2500 candles would mean 2500 hours which is around 400 days. We presently don’t give you 400 hourly candles data on algoZ, so this won’t work.

      We will be providing only online support for algoZ, all your queries will be answered here. Check this http://www.zerodha.com/z-connect/blog/view/algoz-a-simple-example gives you how to write/backtest/go live on a very simple strategy. The only thing that you will have to change is the code.

      Best of luck.

  18. SASIMENON says:

    Sir,

    Any phone nos,are available to communicate to experts,though we dont want to publish ,our strategy

    • Nithin Kamath says:

      Sasi,

      This is actually pretty simple and the idea of answering everything on an open forum is that when you see examples of a few, you will automatically get an idea of how to code yourself in a while.

      But if there is anything specific that you don’t want to share, you can ask me for it with different candles or you can break it up into different queries, so no one gets to know.

      πŸ™‚

      Cheers,

  19. bhuvanprabha says:

    where can we get the complete list of functions and their parameters that are available. The manual and guides that are available in this forum seems to be inadequate. Request the complete programming/user manual please.

    • Nithin Kamath says:

      Bhuvan,

      The manuals on the Zconnect is what is available for now. If there is any expression that you are looking for, let me know.

    • bhuvanprabha says:

      How to code the following
      1 – Highest price value (price value can be open, high. low close of bars) over last n bars
      2 – Lowest price value (price value open, high. low close of bars) over last n bars
      3 – Remove excess signals (ie, if I am already in sell and again if one of my sell entry conditions is met, I do not want o be prompted to sell again – similar to exrem in AFL)
      4 – How many bars before the current bar did the previous high of low appeared (in relation to points 1 and 2 above)
      5 – Can I use REF to refer back to values of indicators. If possible, how to get the previous peak value of indicator and the low value of indicator.
      6 – How to code the wait (wait 2 more bars after a condition is met before entry)

    • Nithin Kamath says:

      1 – Highest price value (price value can be open, high. low close of bars) over last n bars?

      Ans:
      “Will explain this with an example. Highest value among Open, High, Low, Close for a bar is obviously the High, so to calculate Highest Hugh value for say, 10 bars, the following script is recommended:
      MAXOF(MAX(HIGH,9), REF(HIGH, 10))”

      2 – Lowest price value (price value open, high. low close of bars) over last n bars

      Ans: MINOF(MIN(LOW, 9), REF(LOW, 10))

      3 – Remove excess signals (ie, if I am already in sell and again if one of my sell entry conditions is met, I do not want o be prompted to sell again – similar to exrem in AFL)

      Ans: Already handled in execution, once a sell signal is acted on, the next signal will either be a Sell Exit or a Buy, not a sell again. You might have to include a REF condition to this. Like, if the close price goes above the SMA 10 line, it means in the current candle, close is greater than SMA10, but in the previous candle it was lesser than SMA. So the code would look like CLOSE > SMA (CLOSE, 10) AND REF(CLOSE, 1) < REF(SMA(CLOSE, 10), 1). In this case even if you ignore the signal, it wont generate another one because the condition wouldnt hold true then.

      4 – How many bars before the current bar did the previous high of low appeared (in relation to points 1 and 2 above)
      Ans: You can use LASTIF(Condition), but would need more information to provide a complete code.

      5 – Can I use REF to refer back to values of indicators. If possible, how to get the previous peak value of indicator and the low value of indicator.
      Ans: Need more information. An example would be useful.

      6 – How to code the wait (wait 2 more bars after a condition is met before entry)
      Ans:
      use REF. if your condition is something like Close > Sma (Close, 10), with wait for 2 bars, the condition would look like REF (Close,2) > Ref (SMA(Close, 10), 2)

  20. prabit says:

    Sir,
    I have gone through the your replies and examples. Nowhere I saw any mention of timeframe. A particular strategy may not work for all timeframes. Is it that the programmes are only for daily and one minuite?

    • Nithin Kamath says:

      Prabit,

      You decide the time frame to take a particular strategy live in the alert expression window. Have explained the same in this blog, check out Taking it live/Alert preference , you will see an option to set interval.

      While backtesting, the backtest result will be based on the chart, if the candle is 1 min, you get 1 min result, if candle is 5 min, the backtest would be based on 5 min interval..

      Cheers,

  21. SASIMENON says:

    Traders,

    we can make this blog,live, informative,result oriented,profitmaking one.
    Clear all your doubts ,for a better profit,share your strategies if you are profitable,
    Sharemarket is an ocean of money,anyone can make a profit if you are consistent,
    dedicated and not greedy.

    • Nithin Kamath says:

      @Sasi,

      Yes traders can exchange strategies here, but are very soon planning something that will incentivize traders to share strategies. πŸ™‚

  22. tks61 says:

    what is the code for stop loss?

    • Nithin Kamath says:

      There is no code for stoploss, you can write an exit expression or else choose a preset stoploss order based on Trigger % in the alert preference window.

      Check this blog

  23. sudarshanagni says:

    Hello zerodha.

    How can write strategy for different time frame . Suppose i want to write following strategy for 5 min candles.
    Also i want use Fibonacci retracement condition for ex buy IF close>38% level
    Buy;
    close>ema(close,110)&CCI(simple,14)>100

    Sell:
    close<ema(close,110)&CCI(simple,14)=-100<CCI(simple,14)<-500 (I want to only sell if CCI is greater than -100 on -ve scale for ex -110,-120)

    Where i can write Stop loss for buying and selling
    for buy close<EMA(Close,3)
    for sell close>EMA(close,3)
    Eagerly waiting for your valuable guidance.

    • Nithin Kamath says:

      Sudarshan, on algoZ we cannot write strategies for different time frames. Strategies are independent of time frame and can be applied on any time frame.

      Your expressions are pretty much correct, except for small things.

      Buy: CLOSE > EMA(CLOSE,110) AND CCI(14, SIMPLE) > 100

      Sell: CLOSE < EMA (CLOSE,110) AND CCI(14, SIMPLE) < -100

      Buy Exit: CLOSE<EMA(CLOSE,3)

      Sell Exit: CLOSE>EMA(CLOSE,3)

  24. AnilKumar says:

    Congratulations on starting this excellent feature! All this would help enhance a trader’s confidence. However, I feel Zerodha seems to be taking the new initiatives at the cost of ignoring the basic requirements.
    For example, I want to fully utilize my margin funds (leaving a cushion of say 5%). (This would be in Zerodha’s interest too.) However, there is huge difference between the margin blocked in the trading account (436K) and margin statement (512K) generated (both at EOD). SPAN calc(at browser based Zerodha trader) calculates a much lower amount (252K) for the same position. Can you please give the trader a confidence that she can take a position (without running the risk of a margin call/penalty) based on funds availability shown by trading account?

    Now the queries related to algoZ.

    1. Would you make this feature available on your browser based trading platform?
    2. Is it possible to calculate ratio of the prices of two securities (say Nifty and BankNifty) and apply technical indicators on this ratio?
    3. Where can I find the comprehensive list of keywords (eg Close, RSI, REF) that are used in coding?

    PS. Sorry for putting an out-of-context concern here. However, I have unable to get a satisfactory response so far.

    Thanks,
    Anil Kumar

    • Nithin Kamath says:

      Anil,

      Am looking at your query on margin and will get back to that.

      about algoZ

      1. Presently not possible on browser based platform.

      2. You have to apply strategy to individual contracts and hence not possible to calculate as a ratio.

      3. The keywords are available in the manual, if anything specific do let me know. Also check out all the strategies that we have coded here.

  25. kklkanna says:

    i want set a exit trigger for buy or sell with 1% from entry price , how to set that?

    • Nithin Kamath says:

      You have to set your triggers in the alert preference window. Is shown in this blog.

    • kklkanna says:

      sir i know to put sl in that alert preference window.. what am asking is how to exit with 0.75% or 1% profit by using ‘Buy exit alert expression’

  26. Faisal says:

    Dear Nithin,

    I would like to do trade on Nifty future on 5x 3 ema crossover system. If 3 ema crossover 5 ema buy and if 3ema come below 5 ema sell. Basically I would like to long / short 4 lots of nifty. Profit on 1st lot i would like to take on 50 points. 2nd lots profit on 100 points. 3rd lot profit on 150 points. 4th lot for trailing stop loss.

    It will be greately appreciated If your people will be able to make a code for the above.

    • Nithin Kamath says:

      Faisal, EMA crossover is pretty simple, also explained above:

      Buy: EMA(Close,5)>EMA(Close,3) Sell: EMA(Close,5)<EMA(Close,3)

      Buy exit: 0 Sell exit: 0

      Profit of 1st lot 2nd lot etc would not be possible as they are not really a technical analysis condition.

      But you can use the code above for buy/sell indicators and also backtest and see if it would have worked.

  27. Arunjn30 says:

    pls help me to write my strategy at the earlirst to backtest,I am anxiousily waiting

    I have two stratergy to start of

    1) For day trading
    how to write a code If it is nearing todays high, or low like which shows up in http://www.buzzingstocks.com/in/heatmap.htm.
    in the same expression i want to use buy only when EMA 10 crosses EMA 30 days or vice versa the time period that i want to use in 5 or 15minutes candle

    2) Cross over of EMA 10 with EMA 30 days for 15 minutes candle with ADX crossing from 20 i.e buy or sell only when ADX is crossing from less than 20 to rising upward.

    also please let me know is it possible to set alert using this stretergy for all the stock listed in market watch or only i can set alart for stock which i have opened in the chart.

    • Nithin Kamath says:

      Arjun,

      Your queries are a little generic, can you be more specific.

      We can write something like CLOSE > DIGH(1)*0.995 for buy and CLOSE < DLOW(1)*1.005 to show when its nearing the day’s high or day’s low.

      For EMA you can use:
      EMA (CLOSE, 10) > EMA (CLOSE, 30) – for buy

  28. kklkanna says:

    How to Stop or edit currently runnning live script

  29. thavva says:

    I don’t see Backtest option for My strategy? How to get that option?

  30. Sebu says:

    Hi,

    My amibroker afl code is
    Buy=Cross(MACD(),Signal());
    Sell=Cross(Signal(), MACD());

    with the support/resistance of fibonacci extension.
    How do i use the code in ZT?

    • Nithin Kamath says:

      Sebu,

      Buy: MACD(26,13,9,EXPONENTIAL)>MACDSIGNAL(26,13,9,EXPONENTIAL)

      Sell: MACD(26,13,9,EXPONENTIAL)<MACDSIGNAL(26,13,9,EXPONENTIAL)

      You can input the values for Long Cycle, Short Cycle, Signal Line and MA Type according to what you select in the Parameter window in Amibroker.

  31. Juggy says:

    Dear Team,

    Is Algoz for intraday only?
    When i take positions and close and open ZT where can i see the list of strategies that are already running ?

    Thank you,
    Juggy…

    • Nithin Kamath says:

      Juggy, strategy can be run live only on an intraday basis. If you are taking a position based on a daily chart, you will get a signal only after end of the day in the backtest report. You can execute it next day manually on the trading platform.

      To manage your script, check this blog

  32. Vicky says:

    Is AlgoZ available with Z-Trader(the web version) ?
    The software version is probably unusable when in office

  33. svr says:

    Hi Nitin,

    I am using parabolic SAR however, Its giving me weird results

    CROSSOVER(CLOSE, PSAR(0.02, 0.2)) = TRUE,

    I want to use this for both Buy/Sell, and Buy should signal only when stock price is above Parabola and Sell should signal only when stock price is below Parabola. Please suggest

    Thanks in advance

  34. RainMaker says:

    How to stop a running script / strategy ?

    Once I select to backtest / a strategy the script keeps running. Only when I select another strategy the first one stops and the other one starts running and keep on giving alerts. How to stop it running once I am not interest or done with it.

    I could stop the running script only by swithcing off the Ztrader.

  35. Dweep says:

    Pls code following strategy for me: all standard params

    Buy if Close < Lower Bollinger AND RSI < 30
    Exit long if RSI > 50 OR Touch Bolinger Avg.(Central MA)

    Short Sell if Close > Upper Bolinger and RSI > 70
    Cover Short if RSI < 50 OR Touch Bolinger Avg.(Central MA)

    Stop Loss of 5%

    Thanks.

    • Nithin Kamath says:

      Dweep:

      Buy : CLOSE < BBB(CLOSE, 20, 2, EXPONENTIAL) AND RSI (CLOSE, 14) < 30

      Buy exit: RSI(CLOSE, 14) > 50 OR CLOSE > BBM(CLOSE, 20, 2, EXPONENTIAL)

      Sell: CLOSE > BBT(CLOSE, 20, 2, EXPONENTIAL) AND RSI (CLOSE, 14) > 70

      Sell exit: RSI(CLOSE, 14) < 50 OR CLOSE < BBM(CLOSE, 20, 2, EXPONENTIAL)

      Stop loss can’t be integrated into the script, but you can add it when taking your strategy live. Check this blog

  36. Nithin Kamath says:

    Dr Suhas had asked this query:

    Dear Sir/Madam,
    I want to write strategy, but I am not able to fit my startegy in this algo. Anybody please let me know how to write this.
    1) I want to buy when closing of the candle is higher than highes of previous 9 candles & sell when closing of candle is lower than lows of previous 9 candles. This will be in hourly TF.
    2) Secondly buy will be only when the trend is uptrend confirmed by cross-over of 8 & 34 EMA in hourly TF. Sell will be vice-versa.
    3) In this system , exit from buy will be when candle closes below the lows of previous 9 candles with closing price below 8 EMA and exit from sell will be when candle closes above highes of previous 9 candles with closing price below 8 EMA.
    Please let me know how to write this strategy?

    Answer:

    Buy expression: CLOSE > MAXOF(MAX(HIGH,8), REF(HIGH,9)) AND EMA(CLOSE,8) > EMA (CLOSE,34)

    Sell expression: CLOSE MINOF(MIN(LOW,8), REF(LOW,9)) AND EMA (CLOSE,8) < EMA (CLOSE,34)

    Buy Exit: CLOSE < MINOF(MIN(LOW,8), REF(LOW,9))AND CLOSE < EMA (CLOSE,8)

    Sell Exit:CLOSE > MAXOF(MAX(HIGH,8), REF(HIGH,9)) AND CLOSE > EMA (CLOSE,8)

  37. Debjyoti says:

    How to avoid repeat Buy / Sell?

    If I have already sold a script, how to avoid selling it again on the second and third third signal generated by the logic?

    • Nithin Kamath says:

      Hi Deb,

      Check this blog to manage your script

      When you take a strategy live on algoZ, by default once a sell is initiated a new sell will come through only when there is an exit for the sell, i.e a new buy comes through.

      So you don’t have to worry about it…

      • Sibi Chakravarthy says:

        Hi Nithin,
        Firstly, congrats on bringing algoz.
        Being an engineer, I feel its THE BEST FEATURE. πŸ˜€

        Now moving on to my doubt,
        In ur previous comment u have mentioned that when algo is live,once a sell signal is initiated, a new sell signal will come thru only after an exit for the first sell.
        But you yourself have mentioned that this works only in “LIve”
        What should I do, so that my strategy works in the same way as “live” when i “backtest”? that is while backtesting also, my algo should nt give new signals unless i exit my position πŸ™‚

  38. thavva says:

    Can you provide formula for below strategy.

    1. Buy when CLOSE > EMA(HIGH,40) and difference is not more than 2 points.
    2. Exit buy position when difference between trading price and EMA(High,40) is more than 5 points
    3. Buy again when prices is touching EMA(HIGH,40)
    4. Exit the buy position when difference between price and EMA(HIGH,4) is >= points.
    5. Close the position when closing price is < EMA(LOW,40) and initiate short.
    6. Follow same procedure for shorts to book profits for 5 points and enter again whince price touches EMA(LOW,40).

    Find the attached image for reference.

    • Nithin Kamath says:

      Thavva,

      Buy : Close>EMA(HIGH,40) AND EMA(HIGH,40)-CLOSE<2

      Buy exit: EMA(HIGH,40)-CLOSE>5

      Sell : CLOSE<EMA(LOW,40)

      Sell exit: CLOSE – EMA(LOW,40)>5

      Thavva, what you need to understand is that there is no way to write a code saying sell 5 points after buying, Sell, buy, sell exit , buy exit , everything has to be a code.

    • thavva says:

      Thanks for the reply!

  39. Aquif says:

    Hello. Since RSI below 30 may not always be a good signal to buy especially if your not closely monitoring the prices, I usually rely on RSI divergences ….So is it possible to create an expression to buy if there is an RSI divergence or may be a MACD or KST divergence?

  40. APM says:

    I want to use 5 minute candle instead of 1 minute candle
    Buy for closing above 34 EMA with Stochastic % K period 20, % k slowing 3 and % D period 4 with % K Crossing % D above 30
    Sell for closing below 34 EMA and Stochastic % K period 20, % k slowing 3 and % D period 4 with % D Crossing % K below 80
    Please let me know the program

    • Nithin Kamath says:

      APM,

      If you want to use the 5 min candle on the chart, you can right click on the chart and change the interval from 1 min to 5min.

      If you want to use a 5 min candle while going live, you will need to set it in the alert preferences box. Check this example.

      Buy: CLOSE > EMA (CLOSE, 34) AND SOPK(20, 3, 4, SIMPLE) > SOPD (20, 3, 4) AND REF (SOPK(20, 3, 4, SIMPLE), 1) < REF(SOPD(20, 3, 4, SIMPLE), 1) AND SOPD (20, 3, 4) > 30

      Sell: CLOSE < EMA (CLOSE, 34) AND SOPK(20, 3, 4, SIMPLE) < SOPD (20, 3, 4) AND REF (SOPK(20, 3, 4, SIMPLE), 1) > REF (SOPD(20, 3, 4, SIMPLE), 1) AND SOPD (20, 3, 4) < 80

  41. RainMaker says:

    Zerodha

    How to code stochastic for following condition

    Buy when stochastic +ve crossover is below 20

    Sell when stochastic -ve crossover is above 80

    • RainMaker says:

      **when stoch comes above 20 for BUY after the crossover
      ** stoch moves below 80 for sell after the crossover

    • Nithin Kamath says:

      Buy: CLOSE > EMA (CLOSE, 34) AND SOPK(20, 3, 4, SIMPLE) > SOPD (20, 3, 4) AND REF (SOPK(20, 3, 4, SIMPLE), 1) < REF(SOPD(20, 3, 4, SIMPLE), 1) AND SOPD (20, 3, 4) > 30

      Sell: CLOSE < EMA (CLOSE, 34) AND SOPK(20, 3, 4, SIMPLE) < SOPD (20, 3, 4) AND REF (SOPK(20, 3, 4, SIMPLE), 1) > REF (SOPD(20, 3, 4, SIMPLE), 1) AND SOPD (20, 3, 4) < 80

    • NEHAL says:

      For above formula we are getting below error.

    • RainMaker says:

      Replace SOPD (20, 3, 4) with SOPD (20, 3, 4, SIMPLE) for all you should get it running.

  42. Srinivas says:

    SuperTrend indicator possible to code in Nest Pulse script ??

  43. Juggy says:

    I want to find whether the trend of the last three CLOSE periods of 5 minute interval charts. Can i use?

    TREND(CLOSE, 3) = UP

    Particularly, the second parameter “2” is it for “periods” or only “days” ?

    Thanks,
    Juggy…

    • Nithin Kamath says:

      Yes Juggy, the code is correct, the number is for candles. When going live you can choose on what candle(1min, 5min, hourly etc) you want to go live on, similarly when backtesting you can change the candle to whichever you prefer and backtest. But the number in the code will be basically the number of candles.

  44. Shri says:

    @Zerodha,

    I want to write code to find MACD histogram.
    i.e MACD – (minus) Macd Signal

    For eg if macd (12,26) =10 macd signal (12,26,9)= 2 Histogram=Hist=Macd minus Macd signal = 10-2 =8

    After finding histogram value my sell signal would be
    Sell = Histogram < ref(close,1) and ref (close ,1) < ref (close ,2).
    Here close is macd histogram values and not candle values.

    Please help me code this..
    Thank you

    • Nithin Kamath says:

      Sell:

      SET MACDHIST = MACD(26, 12, 9, EXPONENTIAL) – MACDSIGNAL (26, 12, 9, EXPONENTIAL)
      MACDHIST < REF (MACDHIST, 1) AND REF (MACDHIST, 1) < REF (MACDHIST, 2)

  45. baskaran says:

    super trend indicator possible to code in nest plus script ?

  46. O.P.Vyas says:

    Please let me know how to write a Script if I wan t to buy Nifty Future if it crosses a particular certain level say 5900.

    • Nithin Kamath says:

      Hi OP,

      algoZ is based on technical analysis , so you can’t define to buy above a certain price like 5900, you could just use the stoploss to enter if you know the price.

      But if the price is based on a technical analysis strategy, yes it can..

  47. Anamika says:

    Dear Zerodha,

    I want to backtest following system:

    Buy: CROSSOVER OF 9 EMA & 20 SMA (on five min chart) AND 9 EMA > 20 SMA (on 15 min chart)
    Sell: CROSSOVER OF 20 SMA & 9 EMA (on five min chart)

    Is it possible in Algo Z

    • Nithin Kamath says:

      Anamika,

      You can’t apply different time frames to the same strategy. You can either use 5 min or 15min, but you can’t combine both.

      If it is just on one time frame then :

      Buy: EMA(close,9) > SMA(Close,20)
      Sell: EMA(close,9)< SMA(Close,20)

      Buy exit: 0
      Sell exit: 0

      Cheers,

  48. SASIMENON says:

    Sir,
    whenever I go live on my strategy,whether my 10sma on
    1-minute chart,will work as 50 sma,on 5-min.alert preference??
    Give me a clear answer pls.

  49. Nithin Kamath says:

    Vincent asked this on an email:

    I TRIED TO WRITE THE CODE AND FAILED. PLEASE TRY TO HELP ME AND TELL ME HOW TO SAVE.
    FOR BUY SIGNAL
    1) EMA5 CROSSING EMA6 FROM BELOW AND THE PRICE IS ABOVE EMA5:
    PARABOLIC SAR CROSSING BELOW PRICE.
    FOR SELL SIGNAL:
    2) EMA6 CROSSING BELOW EMA5:
    PARABOLICSABOVE
    ALSO I WANT THE POP UP MESSAGE OF THE STOCK WHICH SATISFIES THE CONDITION.
    REGARDS,

    Answer:

    Buy:
    EMA (CLOSE,5) > EMA (CLOSE, 6) AND REF (EMA(CLOSE, 5),1) < REF(EMA(CLOSE,6),1) AND CLOSE > EMA(CLOSE,5) AND PSAR (CLOSE,0.02,0.2) < CLOSE.

    Sell:
    EMA (CLOSE,5) < EMA (CLOSE, 6) AND REF (EMA(CLOSE, 5),1) > REF(EMA(CLOSE,6),1) AND CLOSE < EMA(CLOSE,5) AND PSAR (CLOSE,0.02,0.2) > CLOSE

    Buy exit: 0

    Sell exit: 0

    You will have to run this strategy individually for stocks, there is no option to run a screener. What you will have to do is, take live the same strategy individually for the various stocks you are tracking. Blog http://www.zerodha.com/z-connect/blog/view/managing-your-script shows you how to take live and setting alert preferences.

  50. thavva says:

    Hi Zerodha,

    can you reply to my question asked on Apr 30 2013, 11:12 pm? Please provide the formula for the same.

    thavva

  51. rameshrao says:

    hi,
    I just tried to test algoZ, for that I copied the expressions given in the example and tried to save, on clicking save button, nothing is happening and even in my strategy EMA, still showing EDIT only instead of other options..

    I’m using WINDOWS 8

    Thanks
    Ramesh Rao

  52. rameshrao says:

    hi,
    I just tried to test algoZ, for that I copied the expressions given in the example and tried to save, on clicking save button, nothing is happening and even in my strategy EMA, still showing EDIT only instead of other options..

    I’m using WINDOWS 8

    Thanks
    Ramesh Rao

  53. Sebu says:

    how to write strategy for macd histogram?
    buy – macd histogram<0 and increasing value
    sell – macd histogram>0 and decreasing value

    • Nithin Kamath says:

      Buy: SET MACDHIST = MACD(26, 13, 9, EXPONENTIAL) – MACDSIGNAL(26, 13, 9, EXPONENTIAL)
      MACDHIST<0

      Sell: SET MACDHIST = MACD(26, 13, 9, EXPONENTIAL) – MACDSIGNAL(26, 13, 9, EXPONENTIAL)
      MACDHIST>0

      The statement increasing and decreasing, you have to quantify it to be coded..

  54. Devendra says:

    Zerodha, I am waiting for 4 Days to
    get answer to my queries. Pl. Help !
    ———————————————–

    Thanks a lot to Zerodha for algoZ

    How can I write Buy Expression when :

    ADX (14) > 10 AND +DI > 20

    Sell When

    ADX (14) > 10 AND -DI > 20
    —————————————-
    My other Strategy is :

    Buy when Price closes above Bollinger Band middle or centre
    Buy Exit when when Price closes above Bollinger Band top

    Sell when Price closes below Bollinger Band middle or centre
    Sell Exit when when Price closes below Bollinger Band bottom

    Pl. provide Code for above 2 Strategies [ADX and BB]

    Thanks in Advance
    Devendra

    • Nithin Kamath says:

      Sorry Devendra for the delay,

      1st STrategy on ADX
      Your expression is almost correct πŸ™‚ ,

      Buy: ADX(14) > 10 AND DIP(14) > 20

      Buy exit: 0

      Sell: ADX(14) > 10 AND DIN (14) > 20

      Sell exit: 0

      2nd Strategy on Bollinger bands:

      Buy: CLOSE > BBM (CLOSE, 20, 2, EXPONENTIAL)

      Buy exit: CLOSE > BBT (CLOSE, 20, 2, EXPONENTIAL)

      Sell: CLOSE < BBM (CLOSE, 20, 2, EXPONENTIAL)

      Sell exit: CLOSE < BBB (CLOSE, 20, 2, EXPONENTIAL)

  55. Shri says:

    Zerodha,

    Thank you for previous code.

    I have another query.
    I use MACD crossover system to buy and sell on 5 min chart of Nifty call/put Options.

    When I get a signal I confirm and order is executed. In preferences I have put stoploss of 0.5.
    Now how to modify the stoploss once trade is in profit .
    And since this is Options trade once I get sell signal as per system will it execute the order if I confirm.

    Earlier before algoZ when I traded , for options after buying I could place only either SL order or sell order and not both.
    If tried to place both it gave RMS limits error for not sufficient margin.
    So in algoZ should I cancel SL first for options and then confirm sell or how does it work.
    Sorry for long question.
    Thank you.

    • Nithin Kamath says:

      Shri,

      The stop loss which you place will show as a pending order in your order book. You can go to the order book and modify the stop loss.

      If you place a new sell for the same option, you will still be asked for more margin as the new order will be considered as a fresh short position. To exit what you can do is go to pending stop loss order and modify it as a exit order or else cancel it before confirming on the selling signal that your system would have provided.

      Hope this clarifies.

  56. jawahar_1 says:

    Dear sir,

    This DJ9237.
    BUY
    Buy when close price of the scrip is above 3 period EMA crosses over 18 period SMA.
    CLOSE>CROSSOVER(EMA(CLOSE,3),MA(CLOSE,18))

    • Nithin Kamath says:

      Jawahar,

      Firstly, if you are talking about activating algoZ for your ID, can you send an email to [email protected]. It might be already activated, do double check.

      The correct code:

      Buy: EMA(Close,3)>SMA(Close,18)

      Buy exit: 0

      Sell: EMA(Close,3)<SMA(Close,18)

      Sell exit: 0

      How to write this code and taking it live is explained in the 2 blogs, simple example and managing your script.

  57. thavva says:

    Few questions.

    1. Does back test include brokerage and other charges too?
    2. Back test results for how much quantity for cash and futures? Is it like for cash 1 share and for F&O one lot?
    3. I should be connected to trading platform once i take my strategy live to run it during trading hours always? or i can logoff in between?

    • Nithin Kamath says:

      1. Backtest doesn’t include any charges, you will have to factor it in externally.

      2. The results show based on what you are backtesting on. If you are backtesting on equity, it will show you total points for 1 share and if it is f&o for 1 lot.

      3. You will have to be logged in continuously after you take a strategy live. If you logoff, you will have to take strategy live once again after logging back in.

  58. Dharam says:

    Hi,

    I am looking to trade with pivot points. My Buy expression would be =(Prev Day High+Prev Day low+Prev Day close)/3)*1.001)

    and Sell Expression would be (Prev Day High+Prev Day low+Prev Day close)/3)*.999)

    Pls help me code this for back testing. Thanks!

    • Nithin Kamath says:

      Dharam,

      You cannot really this strategy live because it is based on daily candles or daily chart. But yes you can in the evening backtest the strategy and if an buy/sell indicator comes you can take a buy/sell the next day.

      Buy: CLOSE > ((REF(HIGH, 1) + REF (LOW, 1) + REF(CLOSE, 1))/ 3) * 1.001

      Sell: CLOSE < ((REF(HIGH, 1) + REF (LOW, 1) + REF(CLOSE, 1))/ 3) * 0.999

      Buy exit: 0
      Sell exit: 0

      Once you have saved the strategy, open intraday historical chart and backtest. If a buy/sell indicator comes up, you can take the trade the next day.

    • Dharam says:

      Thanks Zerodha. I am little confused with the codes given. Does it generate the Signals based on last day’s High, low and close or the latest high,low & close. My manual signals do not match with the Code generated signals. pls help…

    • Nithin Kamath says:

      Dharam,

      Didn’t see your reply,

      You can’t backtest this strategy on an intraday chart. So firstly, open an historical chart and then backtest it.

      Also you cannot take this strategy live as the signals will be generated only at the end of the day. so you will need to backtest it in the evening and take a trade next day.

      Cheers,

  59. RainMaker says:

    ON My strategy > Edit what is meant by :
    ORDER IS RELEASED AT THE VWAP CLOSE IT CONSIDERS THIS FACTOR FOR THE SAME

    Aren’t all orders are based on the close price (LTP) of the respective timeframe candle.?
    I do understand the VWAP, but the point I wish to know is whether trades are based on VWAP or LTP calculations in algo.

    • Nithin Kamath says:

      Rainmaker,

      VWAP is presently for order slippage, isn’t functional yet.
      Yes, all are orders are based on close price of previous candle.
      Orders/trades are based on LTP and not VWAP, as I mentioned VWAP is only for order slippage..

  60. APM says:

    Can you please let me know the code for following.
    This is for my exit Criteria

    Buy Exit : 3 Consecutive Red Candles
    Sell Exit : 3 Consecutive Green Candles.

    • Nithin Kamath says:

      Buy exit: CLOSE < OPEN AND REF (CLOSE, 1) < REF (OPEN, 1) AND REF (CLOSE, 2) < REF (OPEN, 1)

      Sell exit: CLOSE > OPEN AND REF (CLOSE, 1) > REF (OPEN, 1) AND REF (CLOSE, 2) > REF (OPEN, 2)

  61. APM says:

    I want to have a code for the following
    Buy : When the Low of the Candle is above EMA 34 Close and the previous candle close is below EMA 34 ( Candle moving from Bottom crossing EMA 34)
    Sell : When the high of the Candle is below EMA 34 close and the previous candle close is above EMA 34
    I am using the following code :
    LOW>EMA(CLOSE,34) AND Ref(Low,1)<EMA(CLOSE,34)
    Buy Exit :0
    HIGH<EMA(CLOSE,34) AND Ref(HIGH,1)>EMA(CLOSE,34)
    Sell Exit : 0

    During live I have specified 5 minute candle but it is firing using one minute candle for example for sun pharma between 9.15 to 10.30 I got more than 6 firing

  62. sangi says:

    Hi,

    This is my strategy for reversal. I have coded and it works in odin , but not in algoz. Can u tell me why it is not working in algoz and pl rectify the mistake.

    Buy:abv the high of the positive reversal(PR) candle.SL is the low of the PR. closing the 50% buy posn at 1:1 and rest at 1.618 fibo extn(diff between high and low of th PR * 1.618 added to the high of the PR.
    Sell: blow the low of the negative reversal candle. NR is just opposite of PR definition.

    Definition of positive rev can:

    Low of the current candle should be more than the low of the previous candle.
    close of the current candle should be more than previous candles close and open of the current candle.
    high of the current candle should be less than the high of the previous cndl.

    RSI of the current candle should be more than 30 and RSI of the previous candle should be less than 30.

    Code:
    SET A = HIGH
    SET B = REF(HIGH,1)
    SET C = CLOSE
    SET D = OPEN
    SET E =REF(CLOSE,1)
    SET F = RSI(CLOSE,14)
    SET G = REF(F,1)
    SET H = LOW
    SET I = REF (LOW,1)
    A > B AND C < D AND C < E AND H > I AND E > 70 AND G < 70
    Please help me in this regard. If you find that this is not coded properly, pls give me the correct code.
    Thanking you in advance.

    • Nithin Kamath says:

      Sorry Sangi for missing this, I had answered which didn’t get posted before.

      Your code almost right except for the small mistake, F is the RSI not E, you have mentioned E>70, it is actually F>70. So if you change, it will look like:

      A > B AND C < D AND C < E AND H > I AND F > 70 AND G < 70

    • sangi says:

      thank you for the response. I am yet to take it live. I have 2 doubts. Pls clear it.

      1. To back test and know whether this strategy generates profit/loss, the tgt aspect is not yet coded. I hv given the tgt aspect in my prv post. Can you please give the code including tgt aspect?

      2. When I backtest, Should I go scrip by scrip? Or is there anyway to test this strategy in nifty 50 for a particular period?

      Thanks in advance.

  63. sangi says:

    the code i have given above is for NR.

  64. Shri says:

    Thank you for previous answer.
    Today taken system live. It generated 2 signals as per my expectations but there was no sound alert only pop up mg.
    Set security alert gives beep for alert . Nothing for algoZ running scripts.
    Please let me know where is the option in nest plus to configure sound alerts. If not in front of pc sound alerts are very useful.

    Thank you

  65. APM says:

    Dear Sir

    Please Reply to my mail
    While making Live- Even if I am specifying 5 minute Candle, it is firing based on 1 minute Candle
    Please help

  66. Shaan says:

    My logic is explained below. Kindly let me know the code for he same.

    Buy on the previous day’s high. Stop loss for Nifty is 30 points. If it moves in the direction of the trade, then the stop loss moves to the previous day’s low or 30 pts which ever is lower. Similarly for Short positions as well.

    • Nithin Kamath says:

      Buy: CLOSE > DHIGH(2)

      Sell: CLOSE<DLOW(2)

      Stop loss can be placed as % in set alert window, as shown in this blog. You cannot have a trailing stop loss.

  67. APM says:

    On go live with 5 minute candle setting , it is firing based on one minute candle and generating lot of trades
    Please help

    • Nithin Kamath says:

      APM,

      Firstly when you go live, you need to set interval to 5mins in the alert preference window as shown in the manage your script blog. Just making the chart as a 5 min chart won’t be enough.

      If you have done this and still getting the prompts, can you double click on any prompt that you have gotten on the running script window, take a snapshot and send it to [email protected] . Also mention your client id .

      Cheers,

  68. anildpi says:

    Hi sir,
    Can u please give me codes for the following strategies?
    1. Divergence in RSI,
    2. Divergence in Stochastics,
    3. a) Buy when the price close >Day’s Open and sma50.
    b) Sell when the price close < Day’s Open and sma50.
    Regards,
    Anil.

    • Nithin Kamath says:

      Anil,

      All the ones you mentioned cannot presently be coded on algoZ presently. About 3a and 3b, presently Day’s open cannot be coded on pulse, should be up in the next version.

  69. Harish-Upadhya says:

    Hi Zerodha,

    Please provide the code for the below strategy which is based on narrow range.

    1) Buy LTP > previous day high and previous candle range(difference between High and Low) should be narrowest of any of the past 6 candles(range of each candle may or may not be continuous).

    2) Sell LTP < previous day low and previous candle range(difference between High and Low) should be narrowest of any of the past 6 candles(range of each candle may or may not be continuous).

    Please find the screen shot for your reference.

    Thanks,
    Harish

    • Nithin Kamath says:

      Harish,

      Sorry for the delay:

      Buy:

      CLOSE > DHIGH(2) AND (HIGH – LOW) < (REF (HIGH, 1) – REF (LOW, 1)) AND (HIGH – LOW) < (REF (HIGH, 2) – REF (LOW, 2)) AND (HIGH – LOW) < (REF (HIGH, 3) – REF (LOW, 3)) AND (HIGH – LOW) < (REF (HIGH, 4) – REF (LOW, 4)) AND (HIGH – LOW) < (REF (HIGH, 5) – REF (LOW, 5)) AND (HIGH – LOW) < (REF (HIGH, 6) – REF (LOW, 6))

      Sell:

      CLOSE < DLOW(2) AND (HIGH – LOW) < (REF (HIGH, 1) – REF (LOW, 1)) AND (HIGH – LOW) < (REF (HIGH, 2) – REF (LOW, 2)) AND (HIGH – LOW) < (REF (HIGH, 3) – REF (LOW, 3)) AND (HIGH – LOW) < (REF (HIGH, 4) – REF (LOW, 4)) AND (HIGH – LOW) < (REF (HIGH, 5) – REF (LOW, 5)) AND (HIGH – LOW) < (REF (HIGH, 6) – REF (LOW, 6))

  70. Srinivas says:

    Please provide the code for the below strategy

    Supertrend:

    Formula

    • Nithin Kamath says:

      Srinivas,

      As rainmaker has mentioned,

      Supertrend should be available in the list of indicators on the chart. It is presently not available. If you are using amibroker, I’d suggest you to use the trading bridge.

  71. RainMaker says:

    I think Super trend is an indicator, just like PARSAR and should be incorporated in the list of Indicators on Nest Plus Charts and must show on chart.

    As a user then we can buy / sell as the indicator signals, for the given timeframe.

  72. Nithin Kamath says:

    NEHALMay 7 2013, 5:04 pm
    Zerodha,

    Can you please help me to develop code for following criteria?

    1. buy = average of 15 period highest price & 15 period lowest price is greater than average of 30 period highest price & 30 period lowest price
    2. sell = average of 15 period highest price & 15 period lowest price is lower than average of 30 period highest price & 30 period lowest price

    Thanks in advance.

    Nehal
    [ Click to thank ]Zerodha replyMay 8 2013, 1:50 pm
    Buy:
    SET H = MAXOF (MAX (HIGH, 14), REF (HIGH, 15))
    SET L = MINOF (MIN (LOW, 14), REF (LOW, 15))
    SET AVG = (H+L)/2
    SET H1 = MAXOF (MAX (HIGH, 29), REF (HIGH, 30))
    SET L1 = MINOF (MIN (LOW, 29), REF (LOW, 30))
    SET AVG1 = (H1 + L1)/ 2
    AVG > AVG1

    Sell:

    SET H = MAXOF (MAX (HIGH, 14), REF (HIGH, 15))
    SET L = MINOF (MIN (LOW, 14), REF (LOW, 15))
    SET AVG = (H+L)/2
    SET H1 = MAXOF (MAX (HIGH, 29), REF (HIGH, 30))
    SET L1 = MINOF (MIN (LOW, 29), REF (LOW, 30))
    SET AVG1 = (H1 + L1)/ 2
    AVG < AVG1

  73. Sridhar_Blrr says:

    Hi Zerodha,

    Thanks for the new features added . Can you please help me to develop a expression for the below strategy.

    Strategy 1:

    EMA cross over 12 x 26 for buy and sell signal with the filter of MACD cross over at “0” line to generate buy or sell signal

    Strategy 2:

    EMA cross over 12-26 with filter parabolic SAR indicator buy and sell signal.

    Strategy 3:

    EMA cross over 12 x 26 for buy and sell signal with the filter of MACD cross over buy and sell.

    Thanks in Advance.

    Regards,
    Sridhar

    • Sridhar_Blrr says:

      Zerodha…

      I’m still waiting for your help..

      Thanks,
      Sridhar

    • Nithin Kamath says:

      Sorry Sridhar,

      Had missed this query,

      Strategy 1:

      BUY: EMA (CLOSE, 12) > EMA (CLOSE, 26) AND MACD (26, 13, 9, EXPONENTIAL) > 0 AND REF (MACD (26, 13, 9, EXPONENTIAL), 1) < 0

      SELL: EMA (CLOSE, 12) < EMA (CLOSE, 26) AND MACD (26, 13, 9, EXPONENTIAL) < 0 AND REF (MACD (26, 13, 9, EXPONENTIAL), 1) > 0

      Strategy 2:

      BUY: EMA (CLOSE,12) > EMA (CLOSE, 26) AND CLOSE > PSAR (CLOSE, 0.02, 0.2)

      SELL: EMA (CLOSE, 12) < EMA (CLOSE, 26) AND CLOSE < PSAR (CLOSE, 0.02, 0.2)

  74. SASIMENON says:

    Hello Zerodha programmers,

    Can you suggest few moneymaking scripts for all zerodha traders, atleast one

    • Nithin Kamath says:

      Sasi,

      We will be starting this feature soon, where we will share profitable trading systems, it need not always be complex. If you see the example of manage your script blog, if you had put a stop loss, even that would have made you a pretty decent return.

  75. SASIMENON says:

    A stoploss % is essential or we can keep it blank.?

  76. MANiPPT says:

    Dear Zerodha,
    How can i cancel alert on my live strategy.
    Regards,
    Mani

  77. gumka says:

    How to code stochastic for following condition

    Buy when stochastic +ve crossover is below 20

    Sell when stochastic -ve crossover is above 80

    one member asked this but it gives error when applied

    with regards

    • Zerodha says:

      You can try this:

      Buy: CLOSE > EMA (CLOSE, 34) AND SOPK(20, 3, 4, SIMPLE) > SOPD (20, 3, 4, SIMPLE) AND REF (SOPK(20, 3, 4, SIMPLE), 1) < REF(SOPD(20, 3, 4, SIMPLE), 1) AND SOPD (20, 3, 4, SIMPLE) > 30

      Sell: CLOSE < EMA (CLOSE, 34) AND SOPK(20, 3, 4, SIMPLE) < SOPD (20, 3, 4, SIMPLE) AND REF (SOPK(20, 3, 4, SIMPLE), 1) > REF (SOPD(20, 3, 4, SIMPLE), 1) AND SOPD (20, 3, 4, SIMPLE) < 80

      • Nir says:

        Hi is there a code for [email protected] stochastic D 90 with buy exit @ when stochastic d is greater than 35 and sell exit when stochastic LESS than 75…..please suggest me code for this

        Thanks in advance

        • Buy:

          ((SOPD(9, 3, 9, SIMPLE)) = 90)

          Buy Exit:

          ((SOPD(9, 3, 9, SIMPLE)) > 35)

          Sell Exit:

          ((SOPD(9, 3, 9, SIMPLE)) < 75)

          • niral says:

            Thanks Nithin, Just I have a follow up question. What is the max number of symbols/ script you can automate… I mean is there any cap on data and script automation for an individual account and also… will able to do future trading with automated strategy.

  78. Kiran says:

    Hi Zerodha,

    Is this tool wil work in mobile application.. If works how to use,,
    If not what is the alternative way to see the charts in mobile and tablets..
    I’m using mobile application i don’t have have access to systems..

    Thanks in Advance…

    • Zerodha says:

      Hi Kiran,
      Currently the algoZ facility is not available on Mobile.. The charting on Mobile/Tablet is very lite as it is required to be..

  79. Faisal says:

    Hi Zerodha,

    I have made a strategy as follows :
    Buy: EMA(Close,3)>EMA(Close,5) Sell: EMA(Close,3)< EMA(Close,5)

    Buy exit: CLOSE<EMA(close,5) Sell exit: CLOSE>EMA(close,5)

    In this case, does it exit the existing lots and add a new lot into position or just exit the existing position.
    I.e. I have a short at nifty 5851.4. At 5726 long trigger occured. so in that case it should exit current short position and need to add one long position. How can this be done. the above code is sufficient ?

    • Nithin Kamath says:

      Faisal,

      let me give you an example,

      Assume the 3 candle ema crossovers the 5 at 5900, you will get a buy trigger and assume it went up and it came down to 5 candle ema again at 5910. This is your exit strategy and you will get a sell trigger.

      But this is not your sell strategy, the next fresh sell trigger will happen when your condition: EMA(Close,3)< EMA(Close,5) is met.

      If you want to exit and take a fresh sell, then you need to keep your buy exit and sell as same strategy or you can keep exit as 0 and keep sell.

      Hope, this clarifies, let me know if it didn’t.

      Cheers,

  80. SASIMENON says:

    How a stoploss can assure , minimum 2% profit,from each trade?
    pls explain

    • Nithin Kamath says:

      Sasi,

      Stop loss can’t really assure you profits, but it can only be used to make sure you exit fast if you make a loss..

      To exit at profit, you need to have an exit strategy. Unfortunately, there is no definite exit strategy which would say give you a 2% profit.

  81. anildpi says:

    Hi,
    Can u pls give me a code for the below strategy :
    Buy : Price close > Recent peak
    Sell : Price close < Recent low.
    Anil.

    • Nithin Kamath says:

      Anil,

      Can you let me know what you mean by recent peak? You mean high for the day or for the last 30 candles or anything like that. If you don’t specify that it won’t be possible to code.

    • anildpi says:

      Sir,
      As you suggested, kindly give the strategy for the same period [last 30 candles].
      Buy : Price [need not to be the close] > Highest high in the last 30 candles.
      Sell : Price [need not to be the close] < Lowest low in the last 30 candles.
      Anil.

  82. SASIMENON says:

    Sir,

    An automated strategy can go live with your server on all trading days,without trader login with a dealer terminal?

    • Hanan says:

      You have to login everyday to the terminal if you’re using the retail version. In the dealer version (where you need to have a NISM certificate) it’s possible for trades to get executed every time a signal occurs… but you still need to log into the trading platform. Or someone else needs to log into it for you.

  83. Harish-Upadhya says:

    Hi,

    Please provide the code for the below strategy.

    Buy—If the range (difference between high and low) of previous candle is the least of past 30 period/candle and Last price(LTP) crossovers high of previous candle.

    Sell—-If the range (difference between high and low) of previous candle is the least of past 30 period/candle and Low of previous candle crossovers LTP.

    Thanks,
    Harish

    • Nithin Kamath says:

      Buy:

      SET RANGE = HIGH – LOW

      REF (RANGE, 1) < MINOF (MIN (RANGE, 29), REF (RANGE, 30)) AND CLOSE > REF (HIGH, 1) AND REF (CLOSE, 1) < REF (HIGH, 2)”
      Sell:
      SET RANGE = HIGH – LOW

      REF (RANGE, 1) < MINOF (MIN (RANGE, 29), REF (RANGE, 30)) AND CLOSE < REF (LOW, 1) AND REF (CLOSE, 1) < REF (LOW, 2)”

  84. Kiran says:

    Hi Zerodha,

    Thanks for your reply,,

    And one more query i have.

    Why it is not working in MCX, because i trade in most in commodity.. when it will be available in commodity…

    • Nithin Kamath says:

      Presently Kiran,

      This product is still not approved by MCX, we are waiting for exchange approvals and once we have it, this will be enabled for commodities.

  85. currencyandnifty.com says:

    zerodha,

    pls allow to work our strategy in all sectors like equities.FO and currency at the same time,if we login ZT and select.

    we mean to work our strategy SBIN on cash and TCS on FO at the same time on ZT if we select both,can you ?

  86. KKChoudary says:

    Hi Team,

    I haven’t yet received any clarification on below issue. Kindly help me to solve the below problem.

    This is a simple MACD crossover script as mentioned below. But there are false signals (encircled in red), though crossover has not happened. Can you please explain the reason for these false signals? Thanks..

    • Nithin Kamath says:

      KK,

      Sorry had missed your query,

      Looking at this I can see 2 reasons,
      1. Instead of using the Crossover function, just use the > or < , for example use this instead of crossover: MACD(26,13 9,EXPONENTIAL) > MACDSIGNAL (26,13,9,EXPONENTIAL)

      2. MACD and MACD signal use exponential moving average and not simple average for plotting. This may also be creating the mismatch.

    • Ajit says:

      Please can you brief on the difference between crossover function and “<” or “>”. Also please give me the code for my strategy as posted below:

      Buy : EMA3 cross EMA 21 from below, MACD histogram slops upwards, Stochastics %K above %D and going above 30.

      Sell : EMA21 cross EMA3 from above, MACD histogram slops downwards, Stochastics %K below %D and coming below 80.

      Thanks
      Ajit

  87. sangi says:

    Pls. answer my query posted on 11th may. thank you.

  88. Vasant says:

    Could you please help me with the code for below ?

    Buy trigger – +DI higher than -DI AND Slow Stochastic (14,3); 14 period crossing above 3 period at the closure of 15 minute candle OR +DI crosses over -DI when 14 period Slow Stochastic is above 3 period at the closure of 15 minute candle.
    Exit Slow Stochastic (14,3); 14 period crossing below 3 period at the closure of 15 minute candle OR -DI exceeds +DI at the closure of 15 minute candle
    Short trigger -DI higher than +DI AND Slow Stochastic (14,3); 14 period crossing below 3 period at the closure of 15 minute candle OR -DI crosses below +DI when 14 period Slow Stochastic is below 3 period at the closure of 15 minute candle.
    Exit – Slow Stochastic (14,3); 14 period crossing above 3 period at the closure of 15 minute candle OR +DI exceeds -DI

  89. Devendra says:

    Dear Zerodha,

    I have a strategy
    of EMA 8 and 13 Crossover
    on 10 min chart
    which (on an avg) gives 1 OR 2 trades a day
    i.e. 2-3 buy AND sell signals
    When Backtested it plots arrows at right places

    But When I set it live,
    on 10 min interval
    and keep watching 10 min chart of nest plus

    unnecessary alerts are shown
    instead of 8-9 alerts 20-30 Alerts pop up

    How to avoid this ?
    IS it a Bug in algoZ

    This happens for any strategy !

    Pl. Guide

    Devendra

    • Nithin Kamath says:

      shouldnt be happening. can unregister and register the NestPulse.dll file and check. You can shoot an email to [email protected] with your client id, I will get someone to call you back and get this fixed.

  90. Devendra says:

    Dear Zerodha,

    Not getting Historical charts in Nest Plus Charts
    for algoZ

    ID : DD0314
    Devendra

    • Nithin Kamath says:

      Devendra,

      You have to right click inside the plus chart(initiate chart using key shift+P) and say historical chart.. It should show up, let me know if it doesn’t. Also can you tell me for what contract are you trying to look at the historical chart?

  91. anildpi says:

    Hi
    Can u pls code me the below strategies :

    1 ) Buy : Bar close > The high of immediate previous bar and Bar close > Bar open
    Sell : Bar close < The low of immediate previous bar and Bar close < Bar open.

    2 ) Buy : Price crossover > Highest high of previous 30 bars
    Sell : Price crossover < Lowest low of previous 30 bars.
    Regards,
    Anil.

  92. pypawar says:

    i want to have a strategy for buy if RSI period 14 close above 55
    and exit the position if RSI period 14 close below 30

    i tried this RSI(CLOSE,14)>55
    RSI(CLOSE,14)<30

    but it is showing invalid expression
    pls help me in getting correct expression

    • Nithin Kamath says:

      PY,

      The expression is correct,

      In Buy expression: RSI(CLOSE, 14) > 55

      Buy exit: RSI(CLOSE,14)<30

      Since you don’t have a sell strategy make sure to write a 0 in both those places. It might be showing an error because you are not mentioning the 0.

    • pypawar says:

      i am planning to use my strategy but it is not showing any option to go live and also i want to take backtest of my strategy
      how to enable the options of backtest, go live and alert of my strategy

  93. Sebu says:

    I add MACD crossover strategy to 10 charts and make live.Then i close 9 charts.
    but it work only in 3 charts.In the chart i find the crossover but no buy sell signal generated by the system. is there any limit in no of charts.can i add strategy without open the plus chart?

    • Nithin Kamath says:

      Sebu,

      You have to open a chart, apply the strategy and then open another chart apply the same strategy and so on…

    • Sebu says:

      after applying strategy can i close the chart.keeping many charts open make the system slow..
      If i close the chart after loading strategy,is it work or not?

    • Nithin Kamath says:

      Yes once you apply the strategy, you can close the charts. Once you go live on the strategy, you would not need the chart to be open anymore..So you can close the chart once you take the strategy live..

      Cheers,

    • Sebu says:

      After closing plus chart only 3 out of 10 strategy works.is there any update required for plus or nest.

    • Nithin Kamath says:

      Sebu, let me find this out and get back.

  94. sangi says:

    Hi,

    You corrected my code for reversal strategy. thanks a lot. But tht code gives signal when a reversal candle gets formed and that too when i run scrip by scrip only.

    But buy/sell is actually abv /blow the high/low of PR/NR. So Pls. give me a code tht generates signal on actual buy/sell with exit tgts as defined blow.

    When I backtest, Should I go scrip by scrip? Or is there anyway to test this strategy in nifty 50 for a particular period?

    My strategy for reversal:

    Buy:abv the high of the positive reversal(PR) candle.SL is the low of the PR. exit for buy: closing the 50% buy posn at 1:1 and rest at 1.618 fibo extn(diff between high and low of th PR * 1.618) added to the high of the PR.

    Sell: blow the low of the negative reversal candle. NR is just opposite of PR definition.

    Definition of positive rev can:

    Low of the current candle should be more than the low of the previous candle.
    close of the current candle should be more than previous candles close and open of the current candle.
    high of the current candle should be less than the high of the previous cndl.

    RSI of the current candle should be more than 30 and RSI of the previous candle should be less than 30.

    hope to get the reply soon. Thanks in adv.

    • Nithin Kamath says:

      Firstly,

      When you backtest, it has to be done scrip by scrip.

      About your strategy: this wont be possible. it will generate on the pr/ nr candle or if u specify that above/ below high/ low in the next 5 candles, then can be done using ref function

  95. Sebu says:

    Is it possible to get alert when a candle cross to 30 sma (in blue circle) also i wish to avoid continues signals (in red circle)
    I try the close<SMA…,,.It work well in back test but in live trade its generating signal in all candle below the sma line.

    • Nithin Kamath says:

      Sebu,

      You can use the AND condition and have something else to filter so that you don’t get chopped on those moves. The logic will have to be yours,

      Cheers,

      Nithin

  96. pypawar says:

    i am planning to use my strategy but it is not showing any option to go live and also i want to take backtest of my strategy
    how to enable the options of backtest, go live and alert of my strategy

  97. Nanu says:

    Hi can you give formula for Trailing Stop loss

    Example 1% trailing Stop in Picture:

    • Nithin Kamath says:

      There is no concept of trailing stop loss, but you could use the buy exit option to write strategy which can be used as a stop loss. For example, your blue line looks like a moving average line, so you can have a moving average condition as a stop loss.

    • Nanu says:

      Here is my idea that may be of help. Please modify it into workable Code

      LONG EXIT
      SET A= if(BUY= TRUE, HIGH, 0 ) \ When Buy happens intialize A with current HIGH
      SET A = if( HIGH >REF(HIGH,1) , HIGH, A)

      CLOSE <= A*0.01

  98. Vasant says:

    Please let me know on the query posted on 11 May; I’ve reproduced it below.

    Could you please help me with the code for below ?

    Buy trigger – +DI higher than -DI AND Slow Stochastic (14,3); 14 period crossing above 3 period at the closure of 15 minute candle OR +DI crosses over -DI when 14 period Slow Stochastic is above 3 period at the closure of 15 minute candle.
    Exit Slow Stochastic (14,3); 14 period crossing below 3 period at the closure of 15 minute candle OR -DI exceeds +DI at the closure of 15 minute candle
    Short trigger -DI higher than +DI AND Slow Stochastic (14,3); 14 period crossing below 3 period at the closure of 15 minute candle OR -DI crosses below +DI when 14 period Slow Stochastic is below 3 period at the closure of 15 minute candle.
    Exit – Slow Stochastic (14,3); 14 period crossing above 3 period at the closure of 15 minute candle OR +DI exceeds -DI

    • Nithin Kamath says:

      Vasant,

      Buy Alert Expression:
      DIP(14) > DIN(14) AND SOPD (14, 3, 3, SIMPLE) > SMA (SOPD (14, 3, 3, SIMPLE), 3)

      Buy Exit: 0

      Sell Alert:
      DIP(14) < DIN(14) AND SOPD (14, 3, 3, SIMPLE) < SMA (SOPD (14, 3, 3, SIMPLE), 3)

      Sell Exit:
      0

  99. ricky says:

    sir can u please code this strategy for me:-

    Exit Strategy

    1. When fast Stochastic reverses from it’s upward move, curves downwards and crosses the slow line from above, sell half of the units.

    2. If the next bar goes below the low of the previous bar, exit completely

    thanks in advance

    • Nithin Kamath says:

      Ricky,

      1/2. your entry strategy: SOPK (8, 3, 4, SIMPLE) > SOPD (8, 3, 4, SIMPLE)

      3. your entry strategy: EMA (CLOSE, 5) > EMA (CLOSE , 13) AND REF (EMA (CLOSE, 5), 1) < REF (EMA (CLOSE, 13), 1)

      Do note that algoZ doesn’t support multiple time frames on the same strategy. For example, you can have a strategy different one running on a 5 min chart and another on 30min chart. You cannot have a strategy which requires both 5 min and 30 min chart.

      Again Stop loss can be set as % using the alert price window.

      Exit strategy: SOPK (8, 3, 4, SIMPLE) < SOPD (8, 3, 4, SIMPLE) AND REF(SOPK (8, 3, 4, SIMPLE), 1) > REF(SOPD (8, 3, 4, SIMPLE), 1)

      Again, cannot split the quantity for exiting, when the above condition gets satisfied, the order will be for the complete quantity.

  100. currencyandnifty.com says:

    Sir,

    we cannot make a strategy above 1000 sma even on 1 min. chart and it does not backtest and get the result

    pls allow the system to work upto 3000 sma on 1 min.chart.

    There are 60 candles per hour,375 candles per day,and for 22 days it will have 8250 candles.

    A 3000sma will start after 3000 candles from the beginning and it goes on , so can you provide us more than 1000 sma,s

    atleast on 1 min, chart and let the strategy backtest and proceed???

    • Nithin Kamath says:

      Am checking with our tech team on this, we will try to incorporate in the next version. 3000 candles will be quite a bit of data and might slow the process of backtesting. Will update you on this.

    • Nithin Kamath says:

      currencyandnifty.comMay 20 2013, 11:27 pm
      Sir ,

      Atleast 2000 sma will be useful for a net profit on f&o traders less loss trades ,brokerage and other govt.charges.

      If it slowdown the process so, backtesting can be permitted only after trading hours.

      Pls consider this upgrading from limited 999 candles and encourage more successful trades.
      [ Click to thank ]

  101. Ajit says:

    Please can you brief on the difference between crossover function and “<” or “>”. Also please give me the code for my strategy as posted below:

    Buy : EMA3 cross EMA 21 from below, MACD histogram slops upwards, Stochastics %K above %D and going above 30.

    Sell : EMA21 cross EMA3 from above, MACD histogram slops downwards, Stochastics %K below %D and coming below 80.

    Thanks
    Ajit

    • Nithin Kamath says:

      Buy:

      EMA (CLOSE, 3) > EMA (CLOSE, 21) AND REF (EMA (CLOSE, 3), 1) < REF (EMA (CLOSE, 21), 1) AND TREND ((MACD (26, 13, 9, EXPONENTIAL) – MACDSIGNAL( 26, 13, 9, EXPONENTIAL)), 3 )= UP AND SOPK (9, 3, 9, SIMPLE) > SOPD (9, 3, 9, SIMPLE) AND SOPD (9, 3, 9, SIMPLE) > 30 AND REF (SOPD (9, 3, 9, SIMPLE) < 30

      Sell:

      EMA (CLOSE, 3) < EMA (CLOSE, 21) AND REF (EMA (CLOSE, 3), 1) > REF (EMA (CLOSE, 21), 1) AND TREND ((MACD (26, 13, 9, EXPONENTIAL) – MACDSIGNAL( 26, 13, 9, EXPONENTIAL)), 3 ) = DOWN AND SOPK (9, 3, 9, SIMPLE) < SOPD (9, 3, 9, SIMPLE) AND SOPD (9, 3, 9, SIMPLE) < 80 AND REF (SOPD (9, 3, 9, SIMPLE), 1) > 80

  102. Miks says:

    When I try for backtesting, I dont see any such option. All there is in my strategy is the Edit option. How do I proceed further?

    Also what expression do I use for EMA crossover say 3 EMA crossing over 7 EMA then Buy and vice-versa?

    • Nithin Kamath says:

      Miks,

      Guess algoZ is not enabled for you, you can send an email to [email protected] asking to be enabled. A lot of queries are already explained above, do have a look

      Buy expression: EMA(Close,3)>EMA(close,7)
      Buy exit: 0

      Sell expression: EMA(Close,3)<EMA(Close,7)
      Sell exit: 0

      Also check the blog on managing your script

    • Miks says:

      I have sent email for enabling Algoz twice before and received email yesterday that it will done in 2 hours, but still it seems it has not been done.

    • Nithin Kamath says:

      Keep a cc to [email protected] and send it again

    • chintamani says:

      There appears to be some problem in this
      .As we have also faced the same problem and only edit option is available.
      But ,again when we close zerodha trader and start again , it shows all the three options viz,edit,live and backtest.

  103. Sid says:

    Hi Zerodha,

    My requirement are simple.

    1) For EOD trades, Buy Nifty Calls when 3 EMA > 15 EMA on Nifty Spot. Buy Nifty Puts when 3 EMA < 15 EMA on Nifty Spot.

    Additionally as a confirming indicator, I also want to make certain that MACD (5,20,4) has given a buy / sell signal as well as RSI-EMA 21,9 (9 EMA of 21 RSI) has also given the same buy / sell signal.

    Please help me code the same and back test it.

    2) For Intraday Trades, I want to buy Call / Puts if the Nifty Spot crosses a certain value, say 6000, upwards (then Calls) or downwards (then Puts) respectively. How can I put in this sort of a conditional order?

    for example: if Nifty Spot < 6000, initiate Buy Nifty Puts (In The Money / At The Money).

    OR

    if Nifty Spot > 6000, initiate Buy Nifty Calls (In The Money / At The Money).

    Thanks for your help in advance and eagerly awaiting your help / reply.

    Regards,
    Sid

    • Nithin Kamath says:

      Sid,

      In algoZ you cannot write a strategy based on a different underlying. If you want to trade a particular call/put, you have to mention your technical analysis strategy on that.

      So it won’t be possible to write a strategy to buy calls/puts based on how nifty spot is moving.

    • taruj says:

      AH!! Had this question as well. But Sid, can we not do this? the system generates a buy/sell signal, go and buy the Call/Put. some manual work though.

      if this can be incorporated by the Zero guys, I would be make me a billion!! πŸ™‚

  104. taruj says:

    referring to SASIMENON on May 8 2013, 10:44 pm.
    A stoploss % is essential or we can keep it blank.?

    Can you please explain further?

    if I (using Algoz) have taken a position for BNF @ 12500 and I set SL as 4% it will sqr off the position at 12000?

    I am trying to put my proposed strategy across. Pure Intraday trades.

    Time Frame: 15 Min

    Long Position: 5 EMA crosses over 10 WMA (Buy at MKT)
    Stop Loss: Previous Candle Low

    TSL: Previous Candle Low
    Short Position: 10 WMA crosses over 5 EMA ( Short at MKT)
    Stop Loss: Previous Candle High
    TSL: Previous Candle High

    regards,

  105. Rdstyle says:

    I want to run the following:

    a. Single Scrip
    b. Based on my technical logic, want to enter the market based on SL-Limit or SL-Market Order
    c. Execution of this order, should then either place a profit order or a stop-loss order
    d. Execution of either of the order, other order gets cancelled, and I start from point b again.

    Request you to assist.

    Rd

  106. chintamani says:

    Hi The strategy is given below with the logic.

    Please advise if it is correct in programming language or otherwise.

    Strategy: Buy Expression-0
    Buy Exit Expression-0
    Sell Exit Expression-0

    Sell Expression-

    HIGH>=OPEN AND
    OPEN>CLOSE AND
    CLOSE>=LOW AND
    LOW<REF(LOW,1) AND
    CLOSE<REF(LOW,1) AND
    CLOSE>=REF(OPEN,2) AND
    REF(OPEN,3)=REF(OPEN,2)AND
    REF(HIGH,1)>=REF(OPEN,1) AND
    REF(OPEN,1)>=REF(CLOSE,1) AND
    REF(CLOSE,1)>=REF(LOW,1) AND
    REF(LOW,1)>=REF(OPEN,2) AND
    REF(HIGH,1)<=REF(CLOSE,2) AND
    REF(HIGH,2)>REF(CLOSE,2) AND
    REF(CLOSE,2)>REF(OPEN,2) AND
    REF(OPEN,2)>REF(LOW,2) AND
    REF(HIGH,3)>=REF(OPEN,3) AND
    REF(OPEN,3)>REF(CLOSE,3) AND
    REF(CLOSE,3)>=REF(LOW,3) AND
    REF(HIGH,2)>REF(HIGH,3) AND
    REF(HIGH,2)>REF(HIGH,4) AND
    REF(HIGH,2)>REF(HIGH,5) AND
    REF(HIGH,2)>REF(HIGH,5) AND
    REF(HIGH,2)>REF(HIGH,6)

    Expression complete.

    LOGIC OF EXPRESSION

    HIGH IS GREATER THAN OR EQUAL TO OPEN PRICE AND(PRESENT CANDLE )
    OPEN IS GREATER THAN CLOSE AND
    CLOSE IS GREATER THAN OR EQUAL TO LOW PRICE AND
    LOW IS LESS THAN PREVIOUS CANDLE LOW AND
    CLOSE IS LESS THAN PREVIOUS CANDLE LOW AND
    CLOSE IS GREATER THAN OR EQUAL TO PRIOR TWO CANDLE OPEN AND
    PRIOR THREE CANDLE OPEN IS EQUAL TO PRIOR TWO CANDLE OPENING PRICE AND
    PREVIOUS CANDLE HIGH IS GREATER THAN OR EQUAL TO PREVIOUS CANDLE OPENING PRICE AND
    PREVIOUS CANDLE OPENING PRICE IS GREATER THAN OR EQUAL TO PREVIOUS CANDLE CLOSING PRICE AND PREVIOUS CANDLE CLOSING PRICE IS GREATER THAN OR EQUAL TO PREVIOUS CANDLE LOW PRICE AND PREVIOUS CANDLE LOW IS GREATER THAN OR EQUAL TO PRIOR TWO CANDLE OPENING PRICE AND
    PREVIOUS CANDLE HIGH PRICE IS LESS THAN OR EQUAL TO PRIOR TWO CANDLE CLOSING PRICE AND
    PRIOR TWO CANDLE HIGH PRICE IS GREATER THAN PRIOR TWO CANDLE CLOSING PRICE AND
    PRIOR TWO CANDLE CLOSING PRICE IS IS GREATER THAN PRIOR TWO CANDLE OPENING PRICE AND
    PRIOR TWO CANDLE OPENING PRICE IS GREATER THAN PRIOR TWO CANDLE LOW PRICE AND
    PRIOR THREE CANDLE HIGH PRICE IS GREATER THAN OR EQUAL TO PRIOR THREE CANDLE OPENING PRICE. PRIOR THREE CANDLE OPENING PRICE IS GREATER THAN PRIOR THREE CANDLE CLOSING PRICE AND
    PRIOR THREE CANDLE CLOSING PRICE IS GREATER THAN OR EQUAL TO PRIOR THREE CANDLE LOW PRICE AND PRIOR TWO CANDLE HIGH PRICE IS GREATER THAN PRIOR THREE CANDLE HIGH PRICE AND
    PRIOR TWO CANDLE HIGH PRICE IS GREATER THAN PRIOR FOURTH CANDLE HIGH PRICE AND
    PRIOR TWO CANDLE HIGH PRICE IS GREATER THAN PRIOR FIFTH CANDLE HIGH PRICE AND
    PRIOR TWO CANDLE HIGH PRICE IS GREATER THAN PRIOR FIFTH CANDLE HIGH PRICE AND
    PRIOR TWO CANDLE HIGH PRICE IS GREATER THAN PRIOR SIXTH CANDLE HIGH PRICE.

    Here we need to have the signal/Alert on the candle which denotes expression-high/low/close /open.
    Then we need to take the position on the next candle as all the conditions are fulfilled.
    Please advise if the expression is correct.
    We have already made the strategy live but the signals that we are gettig on the chart are not correct ones.
    The same strategy have already been implemented in Metastock , and is working fine
    Are we going wrong somewhere in expression or in making the strategy live or otherwise somewhere. Please advise as this is vvimp for us.

    • Nithin Kamath says:

      Guess someone must have replied to your email already. The logic looks alright, the code also seems alright, but there might be some And/or missing..

    • chintamani says:

      Thanx for your reply.

      We received your replied mail and then found that we had committed mistake in copying and pasting the same.
      This one is a rectiied one and is put in the strategy as it is as we were advised to write all the algos related notes here.

      But in vain…appears wrong somewhere as it is giving wrong signals on the charts.

      Where are we wrong is not known.
      If the code is right, then perhaps we are wrong in the next step i.e in taking it “LIVE”-We have examined the same as well but could not detect.

      How to finish the same?.Please help.Really sorry for bothering you.

    • Nithin Kamath says:

      Let me try connecting you with a programmer and see if it can be debugged..

    • chintamani says:

      ANY DEVELOPMENT ON THIS ?

    • chintamani says:

      We have a few strategies to be implemented on this.Pl help us resolve the status quo so that the implementation can be done on this.HELP US FINISH.Thanx .

      Also pl advise.

      1.If we put:
      Buy expression= 0
      Buy Exit Expression-0
      Sell Exit Expression-0

      Sell expression –
      (Strategy no1)
      Or
      (Strategy no 2)
      and so on ‘n” number of strategies.

      Will it work?

      2.
      Buy expression-

      ( No 1)
      Or
      ( No 2)

      and so on “n”number of (strategic)expressions.

      Buy Exit Expression-0
      Sell Expression-

      ( No 1)
      Or
      ( No 2)

      and so on “n”number of (strategic)expressions.

      Sell Exit Expression-0

      Will it work?

      3.
      In the 2 above,the logic is to-
      a.Take all the strategies live at a time and not to have the hassle to put every strategy live in the morning.
      b.Follow the simple trailing SL manually.

      4.Or do we have to make all buy expressions with one strategy mode and all sell expressions with another seperate strategy mode and :
      a.Take “buy” -STRATEGY LIVE IN THE MORNING.
      b.Take “sell”-STRATEGY LIVE IN THE MORNING.

      Please advise.

    • Nithin Kamath says:

      If what I have understood is right, yes 1 and 2 should work.

      You will have to take all the strategies that you have saved live individually and everyday.

    • chintamani says:

      If there is disruption of internet connection from our side,is there a possibility that the candles/bar shown on the nest chart changes-as the data received is disrupted and leads to generation of alerts based on the data received till the time the candle /bar is formed.

      Are the candles /bars backfilled automatically once internet connection is restored.

      Please inform.

  107. currencyandnifty.com says:

    Yes I see the backtest result and the live popup rates are different on the same strategy.pls clarify,

    You can conduct a monthly workshop for zerodha traders, on working days ,in zerodha branches to clarify the doubts,and disscuss these kind of problems,and open a new window to handle these issues.

  108. Sid says:

    Hi Zerodha,

    A quick question: is there any possibility of getting the Super Trend Indicator onto the Intraday and Historical Charts on Nest Trader / Nest Plus?

    Please let me know.

    Thanks,
    Sid

  109. prabhu-max says:

    sir i want to code for buy when 45 sma rejection occurs. when i enter the following code, it shows entry signals at wrong places

    buy: (sma(close,45)>ref(1,low))and ( close>sma(close,45) )

  110. prabhu-max says:

    sorry i posted the backtest signals for 45 sma rejection in seperate comment

  111. kklkanna says:

    when can we expect algoz in mcx . next version of algoz??

  112. Sebu says:

    how to write a code to add two closing price at specific time, X=close at 10:30:59 am + close at 2:05:59

    • Nithin Kamath says:

      You can’t mention specific times, but you can say how many candles before the current candle using the REF function.

      Suppose, you have an hourly chart and your intervals are 10:00:00, 11:00:00, 12:00:00 and so on.
      Current time is 12:00:00, then
      CLOSE denotes closing price of the candle at 12:00:00
      REF (CLOSE, 1) denotes close at 11:00:00
      REF (CLOSE, 2) denotes close at 10:00:00

  113. currencyandnifty.com says:

    sir,

    1.can i make a strategy on 2000 sma on 1 min. in this version?
    2.is it limited to 1000 now?
    3.can you provide us in the next version atleast ?
    4. we have a group of traders waiting for it,so pls provide 2000 sma , atleast on 1 minute chart.

    pls give me a reply at the earliest.

  114. sudhir285 says:

    dear siir
    1si startegy -ema 8/18 crossover after that buy & sell sighal &sl previous candel s high=low &macd 12/26/9 when rsi is above 40 buy it &below 60 after sell it pl. advise me how to wrie this code dear sir iam not a pl. yo adivce me also which strategy is sutaible 7strategy provider is avaliable pl. told me
    with regards
    sudhir biranje
    8087566996

    • Nithin Kamath says:

      1. EMA crossover:

      Buy: EMA(Close,8)>EMA(Close,18) Sell: EMA(Close,8)<EMA(close,18)

      2. MACD Strategy:

      Buy:

      MACD(26,12,9,EXPONENTIAL)>MACDSIGNAL(26,12,9,EXPONENTIAL) AND RSI(Close,10)>40

      Sell:

      MACD(26,12,9,EXPONENTIAL)<MACDSIGNAL(26,12,9,EXPONENTIAL) AND RSI (CLOSE,10) < 60

  115. SASIMENON says:

    CAN YOU CODE BELOW STRATEGIES.

    1.BUY( LONG) ABOVE OPENING PRICE

    SELL (SHORT) BELOW OPENING PRICE

    2.BUY (LONG) ABOVE AVERAGE TRADED PRICE (ATP LINE)OR WEIGHTED AVG.

    SELL (SHORT) BELOW (ATP LINE) OR WEIGHTED AVG.

    • Hanan says:

      Here you go…

      CLOSE > OPEN (of the candle/ interval)

      CLOSE < OPEN

      ATP/ Weighted average price isnt available, but we have something called Weighted Close, which is basically an average of a candle’s open, high, low and close values, where more weightage is given to the close price. If this can be used, the code will be CLOSE > WC()

      Hope this helps.

  116. Shaan says:

    Kindly code this strategy for me…

    Strategy 1:

    Enter at the 50 points above or below the open price for Bank Nifty. And Keep trailing the SL to 50 points.
    After it exits, again the entry would be 50 points above or below. (50 points above Long and 50 points below short)

    • Hanan says:

      Shaan, unfortunately this strategy won’t be possible on algoZ. You can try lots of other strategies that are workable on algoZ or you can try our Zerodha Trading Plugin with AmiBroker.

  117. Deepakambawata says:

    Hi Zerodha,

    I wanted to know more about Algoz and wanted your help in building a strategy. Please help me out with the same

    1. buy – when 13 ema crosses 50 ema with the 20 paisa price filter
    2. sell – when 50 ema crosses 13 ema with 20 paisa price filter

    required in 5 min time frame…

    • Nithin Kamath says:

      Deepak,

      When you write a strategy you don’t choose the time frame. You choose the time frame when you are going live. Check this blog on Managing your script

      Also to set how you want to buy once the signal has initiated a trade, use the alert preferences mentioned on the blog.

      When you are backtesting, you will get an intraday chart with 1 min by default, change this to 5 mins and then backtest the strategy.

      Your code is pretty simple and explained above:

      Buy: EMA(Close,13)>EMA(Close,50)

      Buy exit: 0

      Sell: EMA(Close,13)<EMA(Close,50)

      Sell exit: 0

  118. Mitch says:

    Hello,
    I need to code the strategy where
    buy when william % is lesser than -80 and heikin ashi candles is green
    and sameway
    sell when william % is greater than -20 and heikin ashi candles is red
    Also how do i write code for
    buy when william % is <-80 and sell when its value is 5 points lesser than previous one. (say if its current value is 60 and than i want to sell it if it comes to 65)
    Do we have ichimoku kinko hyo?
    Thanks

    • Mitch says:

      Hello,

      Any help will be appreciated.

      Thanks

    • Hanan says:

      Sorry for the delayed response, Mitch. We had to get someone to code your strategy for you. πŸ™‚
      buy when william % is lesser than -80 and heikin ashi candles is green
      SET HOPEN = (REF (OPEN, 1) + REF (HCLOSE, 1))/ 2
      and same way
      SET HCLOSE = (OPEN + HIGH + LOW + CLOSE)/ 4
      WPR(14) > -20 AND HCLOSE < HOPEN

      Buy: WPR (14) < -80
      Do we have ichimoku kinko hyo?

    • Mitch says:

      Hello,

      Thanks fo the code but its not working, none of them are working, when i try to save the code it gives me error “Please write a valid Expression”

      Kindly check if i have done something wrong or code has issues

      Thanks

    • Nithin Kamath says:

      Mitch,

      If you don’t have separate exit expression for buy and sell mention a 0. If you leave the buy exit and sell exit blank, you will get this error..

    • Mitch says:

      Hello,

      Thanks. With adding of 0 it saves properly but results are completely wrong, with that backtesting does not show more buying and selling singal as it should be with what code should do.

      Here is the screenshot

    • Mitch says:

      Hello,

      I have made some changes to the code its somewhat working but i want to make some changes

      For eg. as per our code buy when william % is greater than 80 and heikin ashi green candle and vice versa

      Problem with that is even if william % is coming down and if green candle is there it will trigger buy, so what i want here is buy should only happen when william % is crossing -80 from that is like from 100 to 90 to 80 rather than while falling.

      Same with sell expression i want to short only when william % is crossing -20 from higher up that and not when it reaches from bottom.

      Also here in the code we are checking for close green candle, but what i want is that buy should happen when current candle is turing green (rather than waiting to close in green) and william % is crossing -80 towards upside.

      Exit Expression

      In buy exit expression i want to exit when william % is falling with red candle and same with sell exit expression i want to exit when william % is rising with green candle.

      I am sorry its long thing and i hope i am clear putting it here. Your help will be really appreciated.

    • Nithin Kamath says:

      WPR (14) > – 80 AND REF (WPR (14), 1) < -80 – this means it was less than -80 in the previous candle and greater than -80 in the current candle.
      Heikin Ashi code is the same, which was given earlier. If you want the signals in between the interval instead of waiting for the close, you should tick the checkbox for evaluate as tick in live (alert preference) window.

      For sell expression: WPR (14) < – 20 AND REF (WPR (14), 1) > -20

      Your buy exit and sell exit is similar to your buy/sell expression, so you could just mention a 0.

  119. vin says:

    HI Zerodha,

    I want to write code for Nifty Fut. [email protected] open with 10 points SL?

  120. currencyandnifty.com says:

    Zerodha,

    Your backtest results are not getting properly,

    How many trades should be there minimum to get the results ? 4 or 5 ?
    Today showing the results from 27-05-13, but not getting the results as you see on the charts
    pls clear my doubts

  121. currencyandnifty.com says:

    Here i am sending the chart of Colgate.of-17-06-13. There are 4 trades on red line but, the back test results are not found so please check out-

  122. Rahul123 says:

    Sir,

    I have less knowledge about coding. So please explain in little simple words. Firstly, I want to know which software do I need to run the code?

    Secondly, I want alerts only. When price pierces upper or lower bollinger band on 30 mins or Dly TF, I want an alert.

    Third, to get these alerts, should the chart be open?

    Thanks,

    Rahul

  123. niftytrader says:

    hi
    ZERODHA

    code this strategy for me
    for buy
    5 minute candle close above 5 MA and 20 MA and in stochastic oscillator %K above %D and ADX above 20
    thank you

  124. niftytrader says:

    hi
    i have coded above strategy using your comments on above query by other folks on this page but i am very disappointed with ALGO Z. I say NAAM BADE AUR DARSHAN CHHOTE which i think suits best for ALGO Z but on expected lines a free product work like that only.
    ALGO Z is working very fine and showing good results in back testing as per my strategy it works well and given signal only when it occurred but when i take it live then what a disaster happens to ALGO Z it started giving false signals it has given almost 20 false signal to me thank god i am using semi automate version other wise i may be bankrupted today and after market close i again back test to see weather it gives this signal again or not and i am surprised it has only given one signal which is as per my strategy so i want to know why ALGO Z has not working good in live mode and giving false signals please rectify this problem in this product and make it more professional so that retail traders can take advantage of that
    thank you
    hope to see some improvement in this product in future
    and one thing i have to only relay on my eyes and brain not on this ALGO Z

    • Nithin Kamath says:

      Hey Nifty,

      It is important that you set the alert preference correct before taking the strategy live.

      Check this blog on managing your script: http://www.zerodha.com/z-connect/blog/view/managing-your-script

      If you are backtesting on a 5min candle, when you take live, you need to set interval to 5mins.

      Also if you have ticked on evaluate as tick, order will trigger even before the completion of the candle.

      If you are following all these correctly, i’d appreciate if you send me the screen shots of such triggered orders. send them to [email protected]

      Cheers,

    • niftytrader says:

      i researched on this and found that the problem is not in ALGO Z but in nest plus chart it has stopped forming new candle in my case in every 5 minute insted of that all data is updated in one candle only for eg at 12:55 candle is running 9:35 with current price and volume is huge means all volume and price event after 9:35 is shown in single candle it happens today also with me but when i re login to system charts started updating so zerodha please tell me why this problem occurred and how to avoid this in future as you know after re login you have to again run each and every strategy from start and have some other issues in it
      thank you

    • Nithin Kamath says:

      Point noted, will bounce it off the tech team.

  125. currencyandnifty.com says:

    Yes,I agree with Niftytrader,I have some suggestions for the ALGOZ.

    1.Backtest results are not same as live signals,on any timeframes,you can test,I have tested.
    2.Backtest results are not as per your specified period given on result window on any timeframe.
    3.If you specify a period from 03.06.13 ,pls show the result from the next signal onwards,as per strategy and dont show the signal and result in between,will mislead the backtest result
    4.we are not getting backtest results for the same strategy working , if there is 1 or 2 results on higher timeframes.
    5.Occassionally we have lost ,the strategies that we have saved on NESTTRADER.

    pls consider this as the suggestion of a wellwisher,and not as a critic
    we expect the best ,from you ,we know you can do it.

    • Nithin Kamath says:

      All suggestions are taken in good faith, this product still has a long way to go and the journey will be faster with constructive feedback.

      Cheers,

  126. basu says:

    A big thank you and thumbs up for your team’s efforts.
    I have some request for coding my MT4 strategy into AlgoZ, so that i can benefit from that.
    My strategy is as below:
    Buy:
    1.) CLOSE> 5EMA displaced by 5 periods forwars2.) 4EMA -5EMA positive crossover3.)RSI should be above 50 and should be above the signal line (or whatever you can suggest with RSI, MACD, STOCH etc will be most welcome.)
    Buy Exit:
    If close < last 5 bar low.
    Sell:
    1.) Close< 5EMA displaced by 5 periods forward. 2.) 4EMA-5EMA negative crossover3.) RSI should be below 50 and should be below the signal line.
    Sell exit:
    If close> last 5 bar high

    I am attaching a snapshot of my MT4 chart for better understanding.
    I would be highly thankful to you guys if you get it done….

    • Nithin Kamath says:

      Buy:

      REF (CLOSE, 5) > EMA (CLOSE, 5) AND EMA (CLOSE, 4) > EMA (CLOSE, 5) AND RSI (CLOSE, 14) > 50 AND MACD (26, 13, 9, EXPONENTIAL) > MACDSIGNAL (26, 13, 9, EXPONENTIAL)

  127. akh64bit says:

    Hi Zerodha,

    Yesterday I had sent report(contract note and Screenshots) where false signals were generated during live hours from pulse. I had lost 22000 on 24 June because of that. I had also put Nithin in cc. Could you please let me know what went wrong? I also see many people complaining that false signals are generated during live hours. Is the AlgoZ reliable? I am in touch with Omneysys regarding this but could you also look into it? A little effort from your side would be helpful for traders like me.

    Best regards,
    Akhilesh

    • Nithin Kamath says:

      Akhilesh,

      We are looking into your issue, I guess it has got to do with alert preference, will get back to you soon on this.

      It is absolutely possible that backtesting and live doesn’t match, based on when you go live and the alert preferences chosen.

      You went live on a strategy at 10am, at the end of the day you backtest and see that it doesn’t match. The reason is because when you are backtesting it is taking from beginning of the day and not when you went live.

      But that said, we are retesting to see if there is any issue with generation of false signals.

    • akh64bit says:

      Hi Zerodha,

      Thanks for your reply.
      I went live before 9:15 AM. As you can see from the contract note trades were done as early as 9:35 AM. Also my Alert preference was set to “Place from Signal price”.

    • niftytrader says:

      hi
      akh64bit
      can you share want error leads to this huge loss for you if you share this will be help ful for me also becouse this has happened to me also like some time we set interval as 5 min but signals are genrated on 1 minutes chart
      please share with us also the screen shot
      thank you

  128. niftytrader says:

    HI
    ZERODHA
    can you code
    for buy
    after 3 pm price above 10 MA
    in above comments i know that time based strategy is not formed but as in one comment i read using candle close we can do that i use 5 min candle please help in that

  129. vijayve says:

    Is there any incentive if I share ALGO Z strategies?

    • Nithin Kamath says:

      Yes Vijay,

      If you have a profitable strategy let us know, we can blackbox it and show with backtesting results to all our readers/clients. We could get them to get your strategy for a price, which can be shared with you.

      Let us know,

      Cheers,

    • vijayve says:

      Please let me know how to take this forward. I have also sent an email

      Vijay

    • Nithin Kamath says:

      We are working on putting up something, will let you know as soon as the interface is ready..

  130. aj2013 says:

    hi i need help in coding my strategy
    time frame 5 min
    buy / exit short: when two consicutive close above ema of high for period 144

    short / exit long: when two consicutive close below ema of low for period 144 thanks

    • Nithin Kamath says:

      Buy: CLOSE > EMA (HIGH, 144) AND REF (CLOSE, 1) > EMA (HIGH, 144)

      Sell: CLOSE < EMA (LOW, 144) AND REF (CLOSE, 1) < EMA (LOW, 144)

  131. currencyandnifty.com says:

    zerodha,

    when we go live ,there is a window,we have to select execution period,product type,

    Can this software keep our strategy , as GTC ( good till cancel) so that we can avoide login everyday , on automated trading.If the margin is sufficient the trades will automatically take place according to the strategy

    Which one , NISM or NCFM is sufficient for your dealer terminal ?

    pls reply at the earliest,delayed replies ,block this blog active———–

    • Nithin Kamath says:

      Even if you automate your trade completely, you will still need to take strategies live everyday.

      Yes if you have a dealer terminal, you can automate your trades.

      YOu need this exam: http://www.nism.ac.in/index.php?option=com_content&view=article&id=375&Itemid=299

      along with this certification you will need to become an authorized person on the exchange with us and also rent the dealer terminal. One time cost of Rs 5000 to become an AP on exchange and Rs 250/month/segment/exchange for dealer terminal charges.

  132. NSK says:

    Please provide code for the following
    A = ((Previous High + Previous Low)/2)+10
    B = ((Previous High + Previous Low)/2)-10
    Buy if close (current) cross above B from bottom
    Sell if Close (current) cross below A from Top

    • Nithin Kamath says:

      If you are referring to the previous Day’s high and low then,
      Buy Alert Expression:
      SET A = ((DHIGH (2) + DLOW (2))/2) + 10
      SET B = ((DHIGH (2) + DLOW (2))/2) – 10
      CLOSE > B AND REF (CLOSE, 1) < B

      Sell Alert Expression:
      SET A = ((DHIGH (2) + DLOW (2))/2) + 10
      SET B = ((DHIGH (2) + DLOW (2))/2) – 10
      CLOSE < A AND REF (CLOSE, 1) > A

      If you are referring to previous candle’s high and low then,

      Buy Alert Expression:
      SET A = ((REF (HIGH, 1) + REF (LOW, 1))/2) + 10
      SET B = ((REF (HIGH, 1) + REF (LOW, 1))/2) – 10
      CLOSE > B AND REF (CLOSE, 1) < B

      Sell Alert Expression:
      SET A = ((REF (HIGH, 1) + REF (LOW, 1))/2) + 10
      SET B = ((REF (HIGH, 1) + REF (LOW, 1))/2) – 10
      CLOSE < A AND REF (CLOSE, 1) > A

  133. NSK says:

    Sir,
    I have back tested the following strategy:

    Buy : CROSSOVER(CLOSE, PSAR(CLOSE, 0.02, 0.2)) = TRUE (Close > PSAR)
    Sell : CROSSOVER(PSAR(CLOSE, 0.02, 0.2), CLOSE) = TRUE (Close < PSAR)

    The above mentioned strategy generated few buy sell signals. To check I have added PSAR indicator (0.02,0.2) in the chart. The signals generated by the back test results are not matching with the signals generated in chart by indicator. Please clarify.

  134. debjani says:

    Zerodha,
    As stated earlier, have you introduced next version of Z Trader in place of present beta version? If not,please mention the expected time when next version will be introduced.
    Regards,
    RD

    • Nithin Kamath says:

      ZT is a live full version. If you are talking about algoZ, this piece where you can write strategy and backtest etc, we are yet to release the updated version.

  135. Sim says:

    Hi Zerodha,

    Could you please help me code with the following:
    Buy: PSAR crosses above price, MACD above signal line, RSI less than 40, AROON > 70
    Sell: MACD below signal line

    I did try some expressions with the info above, but strangely they do not show signal points where they ought to be as per my criteria.

    Best regards,
    Sim

    • Nithin Kamath says:

      Buy:

      PSAR (CLOSE, 0.02, 0.2) > CLOSE AND REF (PSAR (CLOSE, 0.02, 0.2), 1) < REF (CLOSE, 1) AND MACD (26, 13, 9, EXPONENTIAL)> MACDSIGNAL (26, 13, 9, EXPONENTIAL) AND RSI (CLOSE, 14) < 40 AND AROONUP (14) > 70 and AROONDOWN (14) > 70

      Sell:

      MACD (26, 13, 9, EXPONENTIAL) < MACDSIGNAL (26, 13, 9, EXPONENTIAL)

  136. SASIMENON says:

    Zerodha,

    Can I give a code for my strategy? like this?

    For example. REF A = EMA(Close,13)>EMA(Close,50).
    REF B = EMA(Close,13)<EMA(Close,50)

    Buy expression REF A

    Sell expression REF B

    OR SOMETHINGELSE ? pls give me an answer at the earliest.

  137. vijayve says:

    Like DHIGH(2) and DLOW(2) , are there functions for previous day’s OPEN and CLOSE ?

    • Nithin Kamath says:

      Vijay,

      DHIGH() , DLOW() will give you the high and low of that particular day. There is no function presently for open and close for that day.

      DHIGH(1), DLOW(1) will be today’s high and low

      DHIGH(2), DLOW(2) will be yesterday’s high and low

      So on ..

  138. chintamani says:

    Please tell the code for :

    ALERT TO BE GENERATED ON 1 MINUTE CHART.

    RSI-CLOSE-14 PERIOD ON 5 MINUTE CHART IS >60 AND
    RSI -CLOSE-14 PERIOD ON ONE MINUTE CHART IS <30

    WHEN RSI ON ONE MINUTE CHART IS LESS THAN 30-PLEASE GENERATE THE ALERT.

    REGARDS.

    • Nithin Kamath says:

      Chintamani,

      On algoz you cannot code a strategy on 2 different time intervals at once. So we cannot combine a 1 minute and a 5 minute chart.

      Cheers,

    • chintamani says:

      Can we explore the possibility of doing this?

      Please consider the idea of the same.

      Every trade consists of the tIck and then the same is converted to timeframes.Timeframe is nothing but total number of trades during the same interval.

      Here we are exploring an idea to evaluate the base structure i.e.one minute chart and then when such five minutes are completed ,we call the same as 5 minute chart …so on and so forth.
      Considering the fact that “WHEN FIVE CANDLES ARE COMPLETED IN ONE MINUTE CHART”=ONE CANDLE IS SAID TO HAVE BEEN COMPLETED ON A 5 MINUTE CHART.

      Here for e.g

      The open on ref(open ,5 ) can said to be the open on a five minute chart -but defined on a one minute chart.
      The close for the five minute chart will be the same as a close on one minute chart,but after completion of five minutes.
      THE HIGHEST HIGH VALUE OF THE FIVE CANDLES ON A ONE MINUTE CHART IS THE HIGH ON A FIVE MINUTE CHART.
      AND LOWEST LOW VALUE OF THE FIVE CANDLES ON A ONE MINUTE CHART IS THE LOW ON A FIVE MINUTE CHART.

      SO A FIVE MINUTE CANDLE ON ONE MINUTE CHART MAY BE DEFINED AS:

      OPEN-REF(OPEN ,5)
      CLOSE-CLOSE
      HIGH-HIGHEST HIGH VALUE OF THE FIVE CANDLES -SORRY BUT I DO NOT KNOW THE CODE FOR THE SAME.
      LOW-LOWEST LOW VALUE OF FIVE CANDLES -HERE TOO I DO NOT KNOW CODE FOR THE SAME.

      Once defined,a correlation to the other factors may be possible.
      This, if possible, may be extended to other data array as RSI, MACD ETC.

      This may make us trade RSI when it is below 30 on one minute chart and above 60 on five minute chart.
      I am not able to extend the idea further……

      Kindly correct if wrong and please extend the idea if correct and code the strategy for the benefit of all.
      Perhaps it may help all to have combination in various ways for trading their own ideas.

      Best Regards

      Chintamani.

    • Nithin Kamath says:

      On algoZ as I had mentioned you can’t combine 1 and 5 min candles. The problem with calculating the way you have mentioned is the signal won’t be accurate. But let me find this out and let you know.

      Cheers,

      Nithin

  139. tirumal says:

    Dear sir nithin kamath

    please mack code for this stratagy

    for buy
    if price above 60ema and 42-RSI-40 level above then buy

    and for sell
    if price below 60ema and 42-RSI 60 level below then sell

    br
    tirumal

    • Nithin Kamath says:

      Your buy expression would be: Close>EMA(Close,60) AND RSI(Close,42)>40

      Your sell expression would be : Close < EMA(Close,60) AND RSI(Close,42) < 60

  140. Nitin999 says:

    Please tell the code for :

    ALERT TO BE GENERATED ON 15 MINUTE CHART.

    Short Sell

    CCI ( commodity channel index ) Period 14 is crossing +100 downside or CCI value Less than +100 and MACD -Ve Cross over

    for Long

    CCI ( commodity channel index ) Period 14 is crossing -100 upside or CCI value greater than -100 and MACD +Ve Cross over

  141. Nitin999 says:

    Please tell the code for :

    ALERT TO BE GENERATED ON 3 MINUTE CHART.

    for Nifty

    Sell condition
    MACD -ve Crossover and CCi below 0 (Zero ) line

    then sell 5 points below the closing bar (the bar how satisfied condition of sell ) and SL will be the top or 5 points above the same bar.

    Buy condition ( for Buying call )
    MACD +ve Crossover and CCi above 0 (Zero ) line

    then buy 5 points above the closing bar (the bar how satisfied condition of Buy ) and SL will be the top or 5 points top of the same bar.

    • Nithin Kamath says:

      Sell

      MACD (26, 13, 9, EXPONENTIAL) > MACD (26, 13, 9, EXPONENTIAL) AND CCI(12, SIMPLE) < 0

      Buy

      MACD (26, 13, 9, EXPONENTIAL) > MACD (26, 13, 9, EXPONENTIAL) AND CCI(12, SIMPLE) > 0

      While going live, you can enter an offset of Rs. 5, which will be applicable for both Buy and Sell. SL – you can define in terms of % using Stop Loss Trigger %.

  142. Nitin999 says:

    Please tell the code for :

    ALERT TO BE GENERATED ON 3 MINUTE CHART.

    for Nifty

    Sell condition MACD -ve Crossover

    then semi-auto sell will be 5 points below the closing bar (the bar how satisfied condition of sell ) and SL will be the top the same bar.

    Buy condition MACD +ve Crossover

    then semi-auto buy 5 points above the closing bar (the bar how satisfied condition of Buy ) and SL will be the bottom the same bar.

    • Nithin Kamath says:

      Sell:

      MACD (26, 13, 9, EXPONENTIAL) < MACD (26, 13, 9, EXPONENTIAL).

      Buy:

      MACD (26, 13, 9, EXPONENTIAL) > MACD (26, 13, 9, EXPONENTIAL)

      While going live, you can enter an offset of Rs. 5, which will be applicable for both Buy and Sell. SL – you can define in terms of % using Stop Loss Trigger %.

  143. Nitin999 says:

    Where i can get the data of advances issues and decline issues ?
    or we have charts of the same ?

    • Hanan says:

      Zerodha doesn’t yet provide Advance/Decline Ratio on our charting platform. Your best option would be to check it out on the NSE website or on moneycontrol.

  144. SameerG says:

    Hi,
    I want to develop a simple strategy on My AlgoZ platform.

    Time Frame – 30 Minute intraday Futures candles.
    – if Last > Open of each candle then Buy
    – if Last < Open of each candle then Sell
    – if Long the exit at closing price of the 30 Min candle
    – if Short then cover short at the closing price of the 30 Min candle

    Note:
    If the Last goes above and below Open price of the 30 min candle 10 times the position should change all 10 times.

    Kindly guide.

    Thanks!

    Sam

    • Nithin Kamath says:

      Sam,

      On algoZ, you will generate only one signal per candle,

      Buy expression: Close>open
      Sell expression: Close<open

      When you are taking a strategy live, if you click the option evaluate as a tick, orders will be generated in between the candle instead of waiting for your candle to complete. But as I mentioned earlier it won’t give more than 1 signal per candle.
      So some of the things you have mentioned won’t be possible to code.

  145. Narendra says:

    Please give me the code for below strategy:

    Buy if 3 min ema is above 13 min ema and 13 min ema is above 34 min ema.

    exit long if 3 ema crosses below 34 ema.

    and vice versa for sell

    Thanking you

    • Nithin Kamath says:

      Buy:

      EMA (CLOSE, 3) > EMA (CLOSE, 13) AND EMA (CLOSE, 13) > EMA (CLOSE, 34)

      Buy exit:

      EMA (CLOSE, 3) < EMA (CLOSE, 34)

      Sell:

      EMA (CLOSE, 3) < EMA (CLOSE, 13) AND EMA (CLOSE, 13) < EMA (CLOSE, 34)

      Sell exit:

      EMA (CLOSE, 3) > EMA (CLOSE, 34)

  146. Banti says:

    I Could able to see there is Error in RSI In my previous blog i have attached Images where RSI is not changing as per streaming value of Quote its getting changed only after interval which is of no use & you should take care of this
    1) see images 1 where there is Large red candle while RSI is not changed it remains 54.91 at 18:30
    2) It gets changed after completion of Candle See image 2 at 18:32 (RSI 33.25)
    3) Image 3 shows there is no streaming of RSI at 18.36 also it shows Same RSI 33.25
    4) Image 4 shows change in RSI when New candle gets generated

    Above Example shows that those who are using RSI will get wrong results & may not Exit if there strategy is based on RSI kindly look into this & resolve it at earliest

    My Strategy is As below
    if EMA3 crossesEMA6 & EMA 6 Crosses EMA9 with MACD Positive crossover &RSI>54 then I will buy
    My Buy Exit will be IF RSI >65 I will Exit

    I have coded as below please check & reply is it correct or not

    Buy Expression
    EMA(Close,3)>EMA(Close,6)>EMA(Close,9) AND MACD(26,13,9,EXPONENTIAL)>MACDSIGNAL(26,13,9,EXPONENTIAL) AND RSI (CLOSE, 14) >54
    Buy Exit
    RSI(CLOSE, 14) > 65

    Sell Expression
    EMA(Close,3)<EMA(Close,6)<EMA(Close,9) AND MACD(26,13,9,EXPONENTIAL)<MACDSIGNAL(26,13,9,EXPONENTIAL) AND RSI (CLOSE, 14) < 45
    Sell Exit
    RSI(CLOSE, 14) <35

    (A)Suppose I get buy signal pop up as per my strategy & I act on it with predefined stop loss & my Stategy is working as soon as RSI goes 65 will system automatically square off the buy position or will it show pop up again to square off & I need to click on it please confirm
    ( B) if I made profit I need to cancel my sell stoploss order Manually or will it get cancelled by system
    (C) In above case will system again shows buy order if RSI gets lower upto 56

    Kindly confirm
    Regards,
    Banti

    • Nithin Kamath says:

      Banti,

      Thanks for pointing out the issue, get our tech team to look at this.

      As far as your queries go:

      Buy expression:

      EMA(Close,3)>EMA(Close,6) AND EMA(Close,6)>EMA(Close,9) AND MACD(26,13,9,EXPONENTIAL)>MACDSIGNAL(26,13,9,EXPONENTIAL) AND RSI (CLOSE, 14) >54

      Buy exit is correct

      Sell:

      EMA(Close,3)<EMA(Close,6) AND EMA(Close,6)<EMA(Close,9) AND MACD(26,13,9,EXPONENTIAL)<MACDSIGNAL(26,13,9,EXPONENTIAL) AND RSI (CLOSE, 14) < 45

      Sell exit is correct.

      Other parts to your query:

      A. It will show pop up for exit condition.

      B. Stop loss will get cancelled by the system, when exit order gets traded

      C. I am little confused on this, if what you are asking is that if SL is already hit, will your buy condition again give a sell, it won’t.

      Hope this clarifies.

      Cheers,

    • Nithin Kamath says:

      Banti Jul 30 2013, 7:43 pm
      Thanks for Reply in continuation with your answers I have following Queries

      1) Whether streaming RSI problem is for all clients of ZT or its for me only whether Technical person will call me?
      2) For Point C in previous blog, I mean to say if I bought one lot of Nifty SL is placed as per my predefined % after reaching RSI 65 I close the Position by POP given by system so as stated earlier by you My stop loss order will be cancelled by system, now as on time I am having no open position but after some time let say after 20min RSI decreases to 56 & all other conditions of EMA & MACD are as per my strategy will system show again Buy order here?

      Regards,
      Banti
      [ Click to thank ]

    • Nithin Kamath says:

      Banti Jul 30 2013, 7:43 pm
      Thanks for Reply in continuation with your answers I have following Queries

      1) Whether streaming RSI problem is for all clients of ZT or its for me only whether Technical person will call me?
      2) For Point C in previous blog, I mean to say if I bought one lot of Nifty SL is placed as per my predefined % after reaching RSI 65 I close the Position by POP given by system so as stated earlier by you My stop loss order will be cancelled by system, now as on time I am having no open position but after some time let say after 20min RSI decreases to 56 & all other conditions of EMA & MACD are as per my strategy will system show again Buy order here?

      Regards,
      Banti
      [ Click to thank ]

    • Nithin Kamath says:

      1. The tech team is checking out for your issue, if required they will cal you back.

      2. Yes if all conditions are satisfied again, you will get another buy …

    • Banti says:

      1) Still I could not find any reply from Zerodha for the issue which I have raised for streaming value of RSI neither I have received call from technical team nor mail
      2) See attached Screen shot for Strategy tested results
      a) There are seven trades shown by system where in summary it shows only 6 Trades ( No of trades) whether system takes the trades only squared off
      (b)Largest loss 48.2 is shown by system But Why No of losing trades is 0 as there is one losing trade

      3) What is interpretation for EMA(Close,3)>EMA(Close,6)>EMA(Close,9) while back testing & going live option with above strategy it has given results & there is no problem observed, please elaborate

    • Nithin Kamath says:

      There shouldn’t be any difference but I would recommend using (B)
      EMA(Close,3)>EMA(Close,6) AND EMA(Close,6)>EMA(Close,9) AND MACD(15,8,5,EXPONENTIAL)>MACDSIGNAL(15,8,5,EXPONENTIAL) AND RSI (CLOSE, 14) >54

    • Banti says:

      But Option A has given Better results as compared to option B in backtesting? as told earlier if basic is same why it is not delivering same results

  147. Bhushan says:

    Hi…
    I want code for this strategy….
    market price> yeasterday high then buy
    Market price< yesterday Low then sell

    Please give me code for this….
    also tell me how can i get the monthly results of at least 36 months for this strategy…..

    Thanks in advance…

    • Nithin Kamath says:

      Buy Alert Expression:
      Close > DHIGH (2)
      Sell Alert Expression:
      Close < DLOW (2)

      About backtesting, if you run it on historical daily chart, the results may not be the best because on daily chart, the buy/sell will come only end of the day.

      If you are looking at backtesting on intraday data, we presently give only 22 days intraday data, so you can backtest on that. The new version of algoZ will have a lot more days of intraday data to backtest on. Check the blog , an example for more.

  148. appan says:

    greetings,

    Buy Expression:-
    crossover(MACD(26,12,9,EXPONENTIAL),MACDSIGNAL(26,12,9,EXPONENTIAL))
    Sell Expression:-
    crossover(MACDSIGNAL(26,12,9,EXPONENTIAL),MACD(26,12,9,EXPONENTIAL))

    How can i add buy exit expression for 1% profit or 1% loss from the buy price and same for sell exit expression?

    Buy exit Expression:-?
    Sell exit Expression:-?

    • Nithin Kamath says:

      Appan,

      Buy exit and sell exit can’t be added in terms of % profit, it has to be again a technical condition. You can keep both at 0, in that case if you have bought, the sell expression will be for exit as well as taking a new sell.

    • Anshuman Sharma says:

      Appan

      Came across ur query… the script that u have given gives relevant signals but also gives signals at times when crossover has already happened. do u have any addition that can be done to rule out irrelevant signals.
      also kindly provide changes for if crossover was to happen below 0 for buy and above 0 for sell.

      Regards
      Anshuman

  149. appan says:

    Is there any simple way to add same strategy for all symbol in my watch list like export from excel?

  150. Srikant_Srinivasan says:

    Hi
    This is Srikanth (RS 0285). I want you to write my strategy. 20 day moving Average. Buy Above 20 day cross over. Sell below 20 day. Also Stchohastic ocillator K% 12, D% 3. Buy Above 12% / 20%. Sell After 85 to 90%. In ten minute time frame.

    Also I would like to thank you for providing low cost brokerage. Mr Nitin your valuable inputs on various topics. Also I would request you to improve your charting software. One small hitch is it dosent change according to the time frame. For example if you are in 1, 5, 10, 30, Minute time frame. The next candle does not change. Insted one single candle is displayed. I mean every time frame the candle has to change its position. Your support staff have been good. keep the good work going.

    Regards
    Srikanth

    • Nithin Kamath says:

      Srikanth,

      How it works on algoZ is that you write a strategy based on the candle size. So we can write a strategy based on 20 candles, if you open on a daily chart it becomes 20 day, if you open on an intraday minute chart it becomes 20 minute average.

      Buy:
      CLOSE > SMA (CLOSE, 20) AND SOPK (9, 3, 9, EXPONENTIAL) > 12

      Sell:
      CLOSE < SMA (CLOSE, 20) AND SOPK (9, 3, 9, EXPONENTIAL) < 85

      Cheers,

  151. Banti says:

    1) Still I could not find any reply from Zerodha for the issue which I have raised for streaming value of RSI neither I have received call from technical team nor mail
    2) See attached Screen shot for Strategy tested results
    a) There are seven trades shown by system where in summary it shows only 6 Trades ( No of trades) whether system takes the trades only squared off
    (b)Largest loss 48.2 is shown by system But Why No of losing trades is 0 as there is one losing trade

    3) What is interpretation for EMA(Close,3)>EMA(Close,6)>EMA(Close,9) while back testing & going live option with above strategy it has given results & there is no problem observed, please elaborate

    • Nithin Kamath says:

      Hi Banti,

      1. The next release should have the fix for the RSI issue

      2. If there is an open trade, it doesn’t get considered on number of trades field. Also if this 48.2 loss is because of the open trade, then the number of losing trades will be shown as 0, loss of 48.2 in this case would be MTM loss on the open position. Can’t see the screen shot, can u upload this.

      3. Didn’t get what you are saying, are you saying the signals is getting generated correctly or not?

      Cheers

    • Nithin Kamath says:

      Can u send this image to [email protected] , some issue uploading images I guess.

    • Nithin Kamath says:

      The new release is expected this month for Pulse.

    • Banti says:

      Hi still there is streaming RSI issue observed 2 months later also there is No solution
      kindly expedite

  152. chella says:

    Dear Sir, Please suggest me some means to tackle situation similar to the one mentioned below?

    Nifty closed @ 5677.9 on 02-08-2013 (Friday). I was having a view that ‘downward momentum is building in the index and it can head lower to 5566 and then 5430’ and also that ‘If there is rebound early next week (i.e this week) the index can move upto 5818 or 5850’.

    On Monday 05-08-2013, Nifty open -5682, High-5721, Low-5661, Hence, when High 5721 was reached I thought there is a rebound and accordingly I took position at that level. But Nifty closed at 5685 on that day. Next day, i.e on 06-08-2013 it declined and reached the target of 5566. Hence, there was a loss for me. (I took positions correspondingly in Index futures).

    In such a scenario what shall I do? Whether short term reversal mentioned as above could be confirmed from the charts? Or there any other means? Or shall I have to wait and see the closing price even if that means an opportunity lost? Kindly enlighten me as I come across this problem many times.

    With regards,
    Chella

    • Nithin Kamath says:

      Chella,

      Markets are pretty tricky and your strategy is something which is very important.

      What I’d advise is that you were correct in knowing that intermediate trend is down and you buying nifty was putting up a counter trend trade.

      The best way to put a counter trade is to reduce your trading size significantly from your normal size or put a very strict stop loss. I guess you probably didn’t do both of that. Check this Blog , he mainly does counter trend but uses options that too out of the money with only a small capital. This works for him, you need to find what works for you. But you need to remember what I mentioned above, the biggest problem with traders is that we are all inclined to take trades assuming that just because it has come down it will go up or vice versa.

      best of luck

  153. appan says:

    applying strategy to 30 symbols every time i login is very time consuming task is there any solution for that,like sve applied strategy and symbol for next time?

  154. SASIMENON says:

    Zerodha,

    If I take fully automated dealer terminal ,can I add my zerodha clients to follow my strategy,with their requests to allow them with sufficient margin ? pls give the reply in detail
    2. The fully automated algo trading terminal is different from Nest Trader without i3 ?

    • Nithin Kamath says:

      Sasi,

      We don’t allow anyone to trade on behalf of another person unless it is through the PMS license or any such authorized mechanisms approved by SEBI.
      Automated terminal is basically a dealer terminal where you can have i3 or link amibroker or use algoZ and have them all automated.

  155. accatehr says:

    Hi,
    I wanted to make use of the price at which the script purchases a scrip as an argument for further processing. Is there any possible way that I could get the price at which the script purchases a security ?
    Thanks in Advance. Am sure someone could help me out.

  156. Banti says:

    Will you please tell me Whether following A & B Expressions are same(Equal) for Algo trading if Not please elaborate each Expression

    A) Buy Expression: EMA(Close,3)>EMA(Close,6) AND EMA(Close,6)>EMA(Close,9) AND EMA(Close,3)>EMA(Close,9) AND MACD(15,8,5,EXPONENTIAL)>MACDSIGNAL(15,8,5,EXPONENTIAL) AND RSI (CLOSE, 14) >54

    Regards,
    Banti

  157. accatehr says:

    Hi,
    I wanted to enquire whether it is possible to allow the system to trade entirely by itself once a script is running, rather than it giving prompts and then requiring us to take the action.

    • Nithin Kamath says:

      It is possible, but not allowed on a retail terminal. You will need a dealer terminal for this and to get a dealer terminal, you will need to get registered as an authorized person with us one time cost of around 6k per exchange, u need to have NISM series 8 certification, pay us dealer rental charges 250/segment/exchange..

  158. debjani says:

    Hi Zerodha,

    Please provide code for the following

    1.PRICE STYLE : HEIKIN ASHI
    2. BUY EXPRESSION:
    Heikin Ashi Close> Heikin Ashi Open and Ref(Heikin Ashi Close,1)>Ref(Heikin Ashi Open,1) And Heikin Ashi Close>SMA(Close,10)
    3. BUY EXIT EXPRESSION
    0
    4.SELL EXPRESSION:
    Heikin Ashi Close< Heikin Ashi Open and Ref(Heikin Ashi Close,1)<Ref(Heikin Ashi Open,1) And Heikin Ashi Close<SMA(Close,10)
    5.SELL EXIT EXPRESSION:
    0
    Regards,
    Debjani

    • Nithin Kamath says:

      Heikin Ashi won’t be 100% accurate because typically in HA, open is typically average of previous HA open and Previous HA close. In algoZ presently you cannot use previous HA open to defite HA open. We have used previous open in a normal chart, so this should be very close to what you are looking for:

      Buy:
      SET HACLOSE = (OPEN + HIGH + LOW + CLOSE)/ 4
      SET HAOPEN = (REF(OPEN, 1) + REF (HACLOSE, 1))/2
      HACLOSE > HAOPEN AND REF (HACLOSE, 1) > REF (HAOPEN,1) AND HACLOSE > SMA (CLOSE, 10)

      Sell:

      SET HACLOSE = (OPEN + HIGH + LOW + CLOSE)/ 4
      SET HAOPEN = (REF(OPEN, 1) + REF (HACLOSE, 1))/2
      HACLOSE < HAOPEN AND REF (HACLOSE, 1) < REF (HAOPEN,1) AND HACLOSE < SMA (CLOSE, 10)

    • Nithin Kamath says:

      debjani Aug 16 2013, 12:27 pm
      Thanks for the code. But the code seems not working. When put to back test, script error displays ” Error: undefined variable ‘HAOPEN”.

      Please help.
      Regards,
      Debjani.
      [ Click to thank ]

    • Nithin Kamath says:

      Have you used the SET function as mentioned above? There should be a space between SET and HAOPEN.

  159. deepa says:

    Hi, Firstly I want to congratulate ZEROdha for providing us this platform.
    1. I wanted to add CCI over CCI, like wat we do with Stochastics in different parameters and I have failed to figure out a way to do it.
    2. Is there a way to enter both buy and sell at same point instead of going back and filling the order form again, Say If i want to buy NF @ 5700 and sell the same when it reaches 5710

    and ya congrats on reaching 3rd anniversary πŸ˜‰
    cheers,

  160. debjani says:

    Thanks for the code. But the code seems not working. When put to back test, script error displays ” Error: undefined variable ‘HAOPEN”.

    Please help.
    Regards,
    Debjani.

  161. DD0231 says:

    I am learner of AlgoZ Trading . Can anybody help me regarding this strategy.
    I want to

    1.>Sell 5 Lots of Nifty-5800-29-August-PE within 26th August at some predefined value say Rs.450.

    2.> If (1.) executed within 26th August 3.10 p.m, Sell 6 Lots of Nifty-5500-29-August-PE @ Market price , just after (1.) executed.

    3.> If (1.) and (2.) will not executed within that date @ 3.10 p.m , then SELL bot 5800-PE and 5500-PE ; at the market value of that day after 3.10 p.m

    4.> After any of the (1,2,3) orders are executed then , within that money, I want buy some Lots of Nifty-5700-26-Sep-CE s , investing maximum Rs. 1,00,000 @ market value within 26th August 3.29 p.m.

    Can anybody help me , what will be the script or commands , I will give ?

    My email is [email protected]

    With Regards…………
    D. Pal

    • Nithin Kamath says:

      As I mentioned on your other post, this would not be possible as algoZ presently can do only technical analysis based strategies.

  162. Nasrudeenh says:

    Dear Sir,

    I use 10 day simple moving average to initiate trades. My strategy is as follows:

    Buy if price moves up from below and crosses 10 SMA of yesterday;
    Sell if price moves down from above and crosses 10 SMA of yesterday

    For example:
    Nifty Futures Contract closed yesterday at 5600 and the 10 day SMA of Nifty Future at market close yesterday was 5500. So, today I would intiate short only if Nifty breaks below 5500.

    However, your system initiates trade by calculating 10 day SMA starting from the live market hours which is not my strategy. The code should look like this:

    CLOSE > SMA(CLOSE OF YESTERDAY,10)

    Kindly help me code the strategy as mentioned above.

    Kind Regards,
    Nasrudeen

    • Nithin Kamath says:

      Buy:

      CLOSE > SMA (CLOSE, 10) AND REF (CLOSE, 1) < REF (SMA (CLOSE, 10), 1)

      Sell:

      CLOSE < SMA (CLOSE, 10) AND REF (CLOSE, 1) > REF (SMA (CLOSE, 10), 1)

      What this does is will consider SMA on selected interval, not daily SMA.

  163. iVaibhav says:

    Hi Nithin,

    I would like to know if a Keltner Channel overlay is available? If not then is their a way I can code it (Create the indicator). I prefer readings of 20 and 2 on Keltner channel.

    Calculations:

    There are three steps to calculating Keltner Channels. First, select the length for the exponential moving average. Second, choose the time periods for the Average True Range (ATR). Third, choose the multiplier for the Average True Range.
    Middle Line: 20-day exponential moving average Upper Channel Line: 20-day EMA + (2 x ATR(10)) Lower Channel Line: 20-day EMA – (2 x ATR(10))

    Please suggest how I can chart the above?

    • Nithin Kamath says:

      No… ATR is not available in algoZ currently. You can use Amibroker plugin, if you have the AFL for the same.

      Cheers,

  164. subhashlive says:

    Dear Sir,

    i have newly account opened client to zerodha.. and my strategy was that follows……….

    for Buy:
    SMA CROSSOVER(SMA(CLOSE, 5), SMA(CLOSE, 12))

    for Sell:
    SMA CROSSOVER(SMA(CLOSE, 12), SMA(CLOSE, 5))

    for Buy Exit:
    0

    for Sell Exit:
    0

    what my problem was:
    my strategy not shows a proper exit to cut the profit..
    i want a proper exit strategy for exiting our profit..

    and another one is that

    i want to combine one extra strategy is that directional movement index….follows:
    for long:
    DIP (21) > DIN (21) AND ADX (21) > 25
    for short:
    DIP (21) < DIN (21) AND ADX (21) > 25

    how to combine the moving average crossover system with the direction movement index system.

    • Hanan says:

      Hi Subhash:
      The crossover itself should work as an exit strategy, but without any logic for how or when you’d like to exit your position, we can’t really recommend any exit strategy, per say.
      You say you’d like to combine these two, using what variables/ parameters? As in, what’s the type of MA, for how many periods, etc… Once you know these fields, we just need to link the conditions with the ADX conditions using the “AND” function.

    • subhashlive says:

      thanks for quick reply ..

  165. Das.Fuhrer says:

    Hey!! I want to code the following strategy.
    I use the following indicators when trading for an Intraday.

    – 8SMA and 34EMA
    – STOCHASTIC with 0.15 and 0.85

    BUY
    – When 8SMA crossed above 34EMA and STOCH is above 0.85, Go Long and Exit when the 2 MAS crosses again.

    – When 8SMA crossed below 34EMA and STOCH is below 0.15, Go Short and Exit when the 2 MAS crosses again.

    • Hanan says:

      Here’s your strategy:

      Buy:
      SMA (CLOSE, 8) > EMA (CLOSE, 34) AND SOPK (9, 3, 9, EXPONENTIAL) > 85

      Buy Exit:
      SMA (CLOSE, 8) < EMA (CLOSE, 34)

      Sell:
      SMA (CLOSE, 8) < EMA (CLOSE, 34) AND SOPK (9, 3, 9, EXPONENTIAL) < 15

      Sell Exit:
      SMA (CLOSE, 8) > EMA (CLOSE, 34)

  166. niftytrader says:

    hi zerodha
    i have a question how to take position based on gap up or gap down at open. if it possible using algo z please give me codes for these two strategies
    1) taking position for long side or short side based on gap up or gap down at open.
    2) avoiding taking any position if there is gap up or gap down at open.
    thank you

    • Nithin Kamath says:

      Nifty,

      you can have a condition saying that if closing of present candle is higher than the closing of the previous one, a buy alert to generate. What you have mentioned is not really a strategy, if you can mention when exactly you want to buy and when you want to sell, we will write it for u.

    • niftytrader says:

      for eg nifty future previous day closing is 5300 and today it opened at 5250 means there is a gap down opening of 50 points whenever there is gap down opening i will take a short position this can be done manually as i have to look for gap down in 5 to 10 futures then a algorithm will make things easy if possible please let me know.

    • Nithin Kamath says:

      Part of this can be done, but you will have to put in the previous close value and the quantum by which gap up/ gap down occurs.

      Taking forward the example,u can enter a condition like:

      OPEN < 5300 * 0.99

      (This will check if Nifty has opened 1% below the previous close, if yes, then buy or sell. “5300” we’re considering as the previous close, which u will have to change every day manually.)

      While taking the strategy live, u can set a start time and an end time of 9:15 to 9:16, so that this condition won’t be checked after the first interval. Evaluate as tick should be checked and interval can be the minimum – 1 minute.
      So for each scrip, u would have to create a separate strategy. u can keep the strategy name the same as the scrip name, so that there is no confusion while taking the strategy live.

  167. chintamani says:

    IN ZT-ALGOZ-MY STRATEGY- Edit option is available but live is not .
    What is to be done?
    ZT VERSION IS-3.10.57.97.7 .
    Pl help.This is a frequent happening.
    Regards

    • Zerodha says:

      Are you getting the Backtest option? Give us your client ID and we’ll have this sorted for you.. You could email it to us..

  168. chintamani says:

    Is there anyway to convert Metastock formulas in Algoz format?
    Not manually…
    If there is any…pl advise.
    Regards

    • Zerodha says:

      All our codes are written in Vector format..You’ll have to arrange to get the codes from Meta stock in Vector format to be able to use it on algoZ..

  169. SASIMENON says:

    Can we put the previous close value in our strategy ,as you mentioned? OPEN < 5300 * 0.99 ,in 1 minute or 5 minute?
    can we put our value ,if we want to buy if market opens above 5400 like this, OPEN > 5400 * 0.10,IN 1 min. or 5 min.

    pls explain, how can I write my strategy,if I want to sell nifty future opens 5 points below 5400 on monday ?
    And if I want to buy nifty future if opens 5 points above 5400 ? why sma 1 is not working and not getting backtest result?

    • Nithin Kamath says:

      Can we put the previous close value in our strategy ,as you mentioned? OPEN < 5300 * 0.99 ,in 1 minute or 5 minute?

      Ans: Yes

      can we put our value ,if we want to buy if market opens above 5400 like this, OPEN > 5400 * 0.10,IN 1 min. or 5 min.

      Ans: Yes

      pls explain, how can I write my strategy,if I want to sell nifty future opens 5 points below 5400 on monday ?

      Ans: CLOSE > 5395

      And if I want to buy nifty future if opens 5 points above 5400 ? why sma 1 is not working and not getting backtest result?

      Ans: CLOSE > 5405

      SMA (CLOSE, 1) is the same as CLOSE; you’ll need more than 1 bar to compute an average.

  170. Chenna says:

    Thanks Zerodha for having algo trading. Please help me with the code for below logic.

    This code is based on 1 minute candle and is based on 2 sets of EMA crossover only.
    logic for buy entry :
    one minute EMA(90) crossing over one minute EMA(390) ( meaning the previous minute ema 90 is less than ema 390) and the ema(90) should also be greater than ema(150)
    logic for sell entry :
    one minute EMA(90) cutting down one minute EMA(390) ( meaning the previous minute ema 90 is greater than ema 390) and the ema(90) should also be less than ema(150)

    • Nithin Kamath says:

      Buy:
      REF (EMA (CLOSE, 90), 1) < REF (EMA (CLOSE, 390), 1) AND EMA (CLOSE, 90) > EMA (CLOSE, 390) AND EMA (CLOSE, 90) > EMA (CLOSE, 150)

      Sell:
      REF (EMA (CLOSE, 90), 1) > REF (EMA (CLOSE, 390), 1) AND EMA (CLOSE, 90) < EMA (CLOSE, 390) AND EMA (CLOSE, 90) < EMA (CLOSE, 150)

  171. SASIMENON says:

    HI, ZERODHA,

    All the Backtest results are wrong,then what is the use of it,whenever you give backtest result for a period,the result should include all the trades taken place,most of the times the result start in between.
    For eg. if showing Backtested from 08/12/2013 to 08.30.2013,a specific period , software must show all the trades taken place from 12.08.13 to 30.08.13.But software is showing the trades from 20.08.13.does not give you the result of your strategy
    when I enquired your people told me ,the result inclusive of 1 trade even,But I can show you no backtest result is getting even if there are 3-4 trades within your backtested period,this is a very serious problem ,
    As long as this is a free software,we have to be satisfied,what you give,but we are putting the errors and problems,facing daily as zerodha traders.
    If you dont want our suggestions ,we can stop comments.we hope, this to be the best error free,india ‘s No.1 software to trade,and all traders should make use of this.

  172. SASIMENON says:

    How can we write a strategy on following conditions

    1.Buy above 5500 and sell below 5495
    2.Buy above first minute open price and sell below first minute open price ( First 5 minutes also)
    3.Buy above ATP of a particular time (11.am ) and sell below ATP of a particular time( ATP =Average Traded Price)
    4.Buy above price goes above 100 sma and sell below price goes below 150 sma
    5.Buy above the previous close and sell below the previous close
    6 Buy above the previous high and sell below the previous low

    pls give me the 6 strategies

    • Nithin Kamath says:

      1.
      CLOSE > 5500 – Buy Alert Expression
      CLOSE < 5495 – Sell Alert Expression

      2. not possible to define first minute’s open, which is effectively Day’s Open. Only way is to enter the values manually

      3. won’t be possible

      4. CLOSE > SMA (CLOSE, 100) – Buy Alert Expression
      CLOSE < SMA (CLOSE, 150) – Sell Alert Expression

      5. can’t define previous close; he will have to enter previous close value manually

      6.
      CLOSE > DHIGH (2) – Buy Alert Expression
      CLOSE < DLOW (2) – Sell Alert Expression

  173. rehman says:

    HELLOW ZERODHA .PLEASE HELP ME TO WRITE THE STRETEGY.

    BUY IF THE NEXT
    CANDLE CROSES ABOVE THE FIRST CANDLE WHICH WAS CLOSED ABOVE 21SMA. EXIT BUY WHEN
    CROSING BELOW THE LOW OF THE FIRST CANDLE (WHICH WAS CLOSED ABOVE 21
    SMA).
    AND SELL WHEN THE NEXT CANDLE CORSING BELOW THE FIRST CANDLE WHICH WAS
    CLOSED BELOW 21SMA. EXIT SELL WHEN CROSING ABOVE THE HIGH OF THE FIRST CANDLE
    (WHICH WAS CLOSED BELOW 21SMA).EXACT AND EARLYH REPLY
    EXPECTED.

    FAZULUR REHMAN

    • Nithin Kamath says:

      Buy alert:

      REF (CLOSE, 1) > REF (SMA (CLOSE, 21), 1) AND REF (CLOSE, 2) < REF (SMA (CLOSE, 21), 2) AND CLOSE > REF (CLOSE, 1)

      Buy exit:

      This won’t be possible unless we define how many candles after, the low should be breached, which is not possible to predict.

      Sell alert:

      REF (CLOSE, 1) < REF (SMA (CLOSE, 21), 1) AND REF (CLOSE, 2) > REF (SMA (CLOSE, 21), 2) AND CLOSE < REF (CLOSE, 1)

      Sell exit:

      This won’t be possible unless we define how many candles after, the high should be breached, which is not possible to predict.

    • rehman says:

      THANKS SIR . CAN IT BE BUY EXIT… EXIT BUY IF CLOSED BELOW 20 SMA AND SELL EXIT IF CLOSED ABOVE 20 SMA
      PLEASE ADD THIS.

  174. vin says:

    HI..
    How to write buy exit expression after buy-alert (buy price+10)
    i mean how to set buy-alert price which is executed on condition in Buy-exit expression?

    Pl. help me to write this BUY-exit expression?

    • Nithin Kamath says:

      In algoZ you cannot really use buying or selling price as a part of condition. So buy exit has to be a separate logic completely.

      So you cannot use a buy price +10

  175. vin says:

    Buy exit will Active only and after BUY Expression satisfied right? If yes then can i pass/set the data or variable of BUY expression to Buy-exit expression?

    • Nithin Kamath says:

      Yes, buy exit will be active only after buy condition satisfied.

      Can you give an example for the 2nd part of the question.

    • vin says:

      As u mentioned Buy-exit will active only after buy condition satisfies.
      Buy expression
      example: SET A =avg(HIGH,5)
      LAST<=A
      SET B=LAST
      Buy expression end

      can i Use the A & B values(which we used in BUY expression and active for BUY) in BUY-exit expression? as A is variable which is keep on changing with each candle and B is Buy executed price.

    • Nithin Kamath says:

      If you use the same A & B values in Buy Exit, this means both A & B become variables. B value will also keep changing with each candle/ tick. Currently, the system will not store the value of any function.

  176. sathishprakash says:

    NSE F&O – 15 Minuts Candel Chart
    ———————————————-

    Get First 15 minutes close price and open price – find whether the close price is above or below open price. If it is below, then consider it as 1st DOWN or if it is above, then consider it as 1st UP
    Get the next 15 mins close price.
    Use the 1st 15 mins close price and compare with the next 15 mins close prices. If the next close price is below the 1st close price, then consider it as 2nd DOWN and use this close price for finding the next DOWN close price. If close price is above the first close price, then consider it as 2nd UP close price.
    Find the next close using the last DOWN close price, till it becomes 3rd DOWN.
    Like point 5, calculate for 3rd UP.
    If any stock becomes 3rd DOWN, then check for next open price, if the DOWN stock goes down, then short the stock or if it goes above buy the stock
    Condition for BUY -> 15 paise up for 100 rupees.
    Condition for SELL -> 15 paise down for 100 rupees.

    • Nithin Kamath says:

      Buy Alert Expression:
      REF (CLOSE, 3) > REF (OPEN, 3) AND REF (CLOSE, 3) < REF (CLOSE, 2) AND REF (CLOSE, 2) < REF (CLOSE, 1) AND OPEN > REF (CLOSE, 1)

      Sell Alert Expression:
      REF (CLOSE, 3) < REF (OPEN, 3) AND REF (CLOSE, 3) > REF (CLOSE, 2) AND REF (CLOSE, 2) > REF (CLOSE, 1) AND OPEN < REF (CLOSE, 1)

      Condition for BUY -> 15 paise up for 100 rupees. – didn’t understand; is this in conjunction with the conditions mentioned above?
      Condition for SELL -> 15 paise down for 100 rupees. – didn’t understand; is this in conjunction with the conditions mentioned above?

  177. balu_2903 says:

    Hi,

    1. I have written the algoz code in the attached screenshot for
    buy signal when 3 EMA break 15 EMA and RSI(14) > 30
    sell signal when 15 EMA break 3 EMA and RSI(14) < 70. Please let me know if any mistake from below code. CROSSOVER(EMA(CLOSE, 3), EMA(CLOSE, 15)) AND RSI(CLOSE, 14) >30
    CROSSOVER(EMA(CLOSE,15), EMA(CLOSE, 3)) AND RSI(CLOSE, 14) < 70 2. I would like to know how this strategy is executed ? whether this strategy is executed automatically or it just gives alert message ? ( because buy signal already generated long back according to my Time frame 30 min chart) 3. would the strategy be live all the day ?

    • Nithin Kamath says:

      1.This code is proper.

      2. It generates an alert through which you can execute the order. You have to confirm by clicking on the Act on Alert button in the alert window, which will invoke the Buy or Sell order entry window, from where you can place the order. Orders will not be placed without user confirmation.

      3. Yes, if no start/ end time is mentioned

  178. Ajit says:

    Hi Zerodha,

    Is there any way in NEST trader, to change the % required in Study lines > Fibonacci retracements tool.?

    Currently 0%,38.2%,61.8%,76.4%,85.4%,91.0%,94.4% & 100% are available. For example; if I don’t want the 85.4%,91% and 94.4% (remove), instead need to add 88.6%, is it possible.?

    Please advise.

    Thanks & Regards,
    Ajit

    • Nithin Kamath says:

      This isn’t possible. Currently only the default percentages are displayed together. You can remove all together or none.

    • Ajit says:

      Hi Zerodha,

      Can this be added in the future milestones, as all major charting software has the ability to change the % required, also able to enter values manually, change color (from/to) in fibonacci retracement properties.

      Thanks & Regards,
      Ajit

  179. balu_2903 says:

    Hi
    Hi,

    As per your previous reply

    It would have been great if there was no user confirmation for the placed algoz strategy, because many users will not be able to sit completely in-front of the system.

    please suggest the below changes in software.
    Or (confirmation message can be made as optional in the settings )-
    or Alert messages should be send as SMS to the registered mobile number.

    Thank you

    • Nithin Kamath says:

      Balu,

      Exchanges don’t permit retail clients to completely automate strategies. This would be possible only through a dealer terminal and for dealer terminal you need to be registered with us as an authorized persona and have dealer terminal certifications from NISM.

      Alert messages through SMS, let me find out if this is possible and let you know.

      Cheers,

  180. abirk says:

    Hi Zerodha,

    I am new in Zerodha and would like to have my Algoz activated.
    Account number DA1153.

    Also would need your help to code the following two strategies

    Strategy1:
    Buy : When 5ema (close) crosses over 13ema (close) from below and in stochastics (8,3,4) %K>%D>20
    Buy Exit: When %K<%D< 80

    Sell: When 5ema (close) crosses below 13ema (close) from above and in stochastics (8,3,4) %K<%D<80
    Sell Exit: When %K>%D>20

    Strategy 2:

    Buy: When stochastics (8,3,4) %K>%D>20 and price crosses above the high of last candle
    Buy exit: When price pierces upper bollinger band (20,2) and price crosses below the low of last candle after touching the higher bollinger brand

    Sell: When stochastics (8,3,4) %K<%D<80 and price crosses below the low of last candle
    Sell Exit: When price pierces lower bollinger band (20,2) and price crosses above the high of last candle after touching lower bollinger band

    Egarly looking forward to your reply. Also, it would be great if you can backtest and suggest about the strategies.

    Regards,

    Abir

    • Nithin Kamath says:

      Abir, Find bellow:

      Strategy1:
      Buy : When 5ema (close) crosses over 13ema (close) from below and in stochastics (8,3,4) %K>%D>20
      EMA (CLOSE, 5) > EMA (CLOSE, 13) AND SOPK (8, 3, 4, EXPONENTIAL) > SOPD (8, 3, 4, EXPONENTIAL) AND SOPD (8, 3, 4, EXPONENTIAL) > 20
      Buy Exit: When %K<%D< 80
      SOPK (8, 3, 4, EXPONENTIAL) < SOPD (8, 3, 4, EXPONENTIAL) AND SOPD (8, 3, 4, EXPONENTIAL) < 80
      Sell: When 5ema (close) crosses below 13ema (close) from above and in stochastics (8,3,4) %K<%D<80
      EMA (CLOSE, 5) < EMA (CLOSE, 13) AND SOPK (8, 3, 4, EXPONENTIAL) < SOPD (8, 3, 4, EXPONENTIAL) AND SOPD (8, 3, 4, EXPONENTIAL) < 80
      Sell Exit: When %K>%D>20

      SOPK (8, 3, 4, EXPONENTIAL) > SOPD (8, 3, 4, EXPONENTIAL) AND SOPD (8, 3, 4, EXPONENTIAL) > 20
      Strategy 2:

      Buy: When stochastics (8,3,4) %K>%D>20 and price crosses above the high of last candle
      SOPK (8, 3, 4, EXPONENTIAL) > SOPD (8, 3, 4, EXPONENTIAL) AND SOPD (8, 3, 4, EXPONENTIAL) > 20 AND CLOSE > REF (HIGH, 1)
      Buy exit: When price pierces upper bollinger band (20,2) and price crosses below the low of last candle after touching the higher bollinger brand

      REF (CLOSE, 1) > REF (BBT (CLOSE, 20, 2, EXPONENTIAL), 1) AND CLOSE < REF (LOW, 1) – Here, it will only check if the price goes below the low of the candle immediately after the candle in which price crosses upper Bollinger band. Won’t be able to code the second half of the condition unless we know exactly how many candles after the prices should breach the low of the candle in which upper Bollinger band was breached.

      Sell: When stochastics (8,3,4) %K<%D<80 and price crosses below the low of last candle

      SOPK (8, 3, 4, EXPONENTIAL) < SOPD (8, 3, 4, EXPONENTIAL) AND SOPD (8, 3, 4, EXPONENTIAL) < 80 AND CLOSE < REF (LOW, 1)
      Sell Exit: When price pierces lower bollinger band (20,2) and price crosses above the high of last candle after touching lower bollinger band
      REF (CLOSE, 1) < REF (BBB (CLOSE, 20, 2, EXPONENTIAL), 1) AND CLOSE > REF (HIGH, 1) – Here, it will only check if the price goes above the high of the candle immediately after the candle in which price crosses lower Bollinger band. Won’t be able to code the second half of the condition unless we know exactly how many candles after the price should breach the high of the candle in which lower Bollinger band was breached.

  181. Dk0046 says:

    Hello, How can I write a script that first wait for one signal and then second, for e.g. I want to write a script where I wait for RSI(CLOSE,21) < 30 and then EMA(CLOSE,3) < CLOSE. I can't put AND in between as by the time EMA(CLOSE,3) < CLOSE RSI is probably > 30.
    Thanks

  182. Dk0046 says:

    Hello,
    I want to back test my strategy of 5 minutes time interval over 1 year of data. How can I do that?
    Thanks

    • Nithin Kamath says:

      Presently this data is not available so won’t be possible. We are looking at giving you 5 months of 5 minute data in the next version.

      Cheers,

  183. Dk0046 says:

    Hello,
    I suspect RSI calculations are not correct by NEST. It seems it shows the RSI value of previous period. For e.g, for NIFTY it is showing RSI(21) – Daily at 57.95 at the end of today (Sept 19), while my own calculations and calculations of another source (investing.com), this value is of Sept 18. Today’s value is 63.23 and I assume it will the value tomorrow (at the end of Sept 20). Please check as it impacts the results of many strategies.
    Thanks

  184. Dk0046 says:

    Hello,
    is there any way I can get alert in email or SMS based on the technical triggers like RSI > 70?
    Thanks

  185. Dk0046 says:

    Hello,
    I am trying to verify some strategies with manually vs alogz.. Here is what I am finding disconnects and need your help to understand the problem. First the expression.. simple one for this e.g.:

    Buy Expression: RSI(CLOSE, 21) <40
    Sell Expression: RSI(CLOSE, 21) >60
    Exit Expression: 0

    Chart Type:
    Historical 1 year data (EOD) for NIFTY Future Sept 13
    The first trade it is showing as:
    01/04/2013 12:00:00 AM SHORT 6048.0000

    While as per the data table the first trade should be much earlier, see the row from data table:
    Date RSI(21)

    NIFTY13SEPFUT 07-11-2012 00:00:00 5760.0500 5818.8000 5742.5000 5793.2500 237543 59.4483
    NIFTY13SEPFUT 08-11-2012 00:00:00 5744.7000 5776.8000 5740.0000 5765.2000 186408 60.8500
    NIFTY13SEPFUT 09-11-2012 00:00:00 5756.2000 5782.1000 5702.6000 5720.6000 211739 58.6069

    So as per the Data table the first short should be on Nov. 6, 2012. I plotted RSI(24) on the chart

    Please help to understand the problem.
    Regards

  186. Trader_Junior says:

    Dear Zerodha,

    I would like to know if the following strategy (or something similar) could be coded:

    The idea is to scale-in the trades as price action runs in our favor, to maximize profits due to proper pyramiding, decreasing the impact of unprofitable trading decisions. The script would have to do something like that (Doesnt have to be exactly this but something similar that could be transformed into a code):

    Buy at market price and place 3 further pending orders
    Sell at market price and place 3 further pending orders
    Place a buy stop order at the high of the previous bar and 3 further pending orders
    Place a sell stop order at the low of the previous bar and 3 further pending orders

    Some other facts you should know:

    The first trade has a risk allocation of 2%.
    All further pending orders decrease in lotsize to avoid overbetting.
    All orders have an ATR-based stop-loss. Default is ATR(30)*2 from the opening price.
    All pending orders have an ATR-based distance between them. Default is ATR(30)/2.

    Here are some images:

    Thank you in advance

    • Trader_Junior says:

      Additional info:

      /+——————————————————————+
      //| PZ_ProggresiveBuy.mq4
      //| —
      //| This script places four long orders with proper SL settings.
      //| The goal is to enter the market progressively as it runs in our favor.
      //| Orders have a distance of ATR(30)/2 between each other and lotsize is
      //| decreased for each trade to avoid overbetting. Initial risk 2%.
      //+——————————————————————+
      #property copyright “Copyright © http://www.pointzero-trading.com
      #property link “http://www.pointzero-trading.com”

      //—- Dependencies
      #import “stdlib.ex4”
      string ErrorDescription(int e);
      #import
      #include <stdlib.mqh>
      #include <WinUser32.mqh>

      //– Orders to be opened
      #define PendingOrders 3 // Amount of pending orders to be added

      //– Money management
      #define MoneyManagement 1 // Use Money Management
      #define LotSize 0.1 // If not, use this lotsize
      #define RiskPercent 2 // Risk for initial trade
      #define RiskDecrease 0.5 // Risk decrease for the next trade

      //– ATR and multipliers
      #define ATRPeriod 30 // ATR Period to use
      #define ATRStopMultiplier 2 // Multiplier for the initial stop-loss
      #define ATROrderMultiplier 0.5 // Multiplier for further pending orders

      //– Don’t change me
      #define ShortName “PZ Proggresive Buy”
      #define MagicNumber 5001
      #define Slippage 6
      #define Shift 1

      //– Internal
      double LastOrderLots = EMPTY_VALUE;
      double LastOrderPrice;
      double DecimalPip;

      //+——————————————————————+
      //| Custom Script start function
      //+——————————————————————+
      int start()
      {
      // Confirm
      if(MessageBox(ShortName +” – Do you really want to BUY and place “+ PendingOrders +” BUYSTOP orders?”,
      “Script”,MB_YESNO|MB_ICONQUESTION)!=IDYES) return(1);

      // Pip value
      DecimalPip = GetDecimalPip();

      // Place the first order
      PlaceOrder(OP_BUY, GetLotSize());

      // Place pending orders
      for(int it = 0; it < PendingOrders; it++)
      PlaceOrder(OP_BUYSTOP, GetLotSize(), LastOrderPrice + iATR(Symbol(), 0, ATRPeriod, Shift)*ATROrderMultiplier);

      // Hi there!
      Comment(“Copyright © http://www.pointzero-trading.com“);

      // Bye
      return(0);
      }

      //+——————————————————————+
      //| My functions
      //+——————————————————————+

      /**
      * Calculates lot size according to risk
      * @return double
      */
      double GetLotSize()
      {
      // Lots
      double l_lotz = LotSize;

      // Lotsize and restrictions
      double l_minlot = MarketInfo(Symbol(), MODE_MINLOT);
      double l_maxlot = MarketInfo(Symbol(), MODE_MAXLOT);
      double l_lotstep = MarketInfo(Symbol(), MODE_LOTSTEP);
      int vp = 0; if(l_lotstep == 0.01) vp = 2; else vp = 1;

      // Apply money management
      if(MoneyManagement == true)
      l_lotz = MathFloor(AccountBalance() * RiskPercent / 100.0) / 1000.0;

      // Wait! Check if we are pyramiding
      if(LastOrderLots != EMPTY_VALUE && LastOrderLots > 0)
      l_lotz = LastOrderLots * RiskDecrease;

      // Normalize to lotstep
      l_lotz = NormalizeDouble(l_lotz, vp);

      // Check max/minlot here
      if (l_lotz < l_minlot) l_lotz = l_minlot;
      if(l_lotz > l_maxlot) l_lotz = l_maxlot;

      // Bye!
      return (l_lotz);
      }

      /**
      * Places an order
      * @param int Type
      * @param double Lotz
      * @param double PendingPrice
      */
      void PlaceOrder(int Type, double Lotz, double PendingPrice = 0)
      {
      // Local
      int err;
      color l_color;
      double l_stoploss, l_price, l_sprice = 0;
      double stoplevel = getStopLevelInPips();
      RefreshRates();

      // Price and color for the trade type
      if(Type == OP_BUY){ l_price = Ask; l_color = Blue; }
      if(Type == OP_SELL){ l_price = Bid; l_color = Red; }
      if(Type == OP_BUYSTOP) { l_price = PendingPrice; if(l_price <= Ask+stoplevel*DecimalPip) l_price = Ask + stoplevel*DecimalPip; l_color = LightBlue; }
      if(Type == OP_SELLSTOP) { l_price = PendingPrice; if(l_price >= Bid-stoplevel*DecimalPip) l_price = Bid – stoplevel*DecimalPip; l_color = Salmon; }

      // Avoid collusions
      while (IsTradeContextBusy()) Sleep(1000);
      int l_datetime = TimeCurrent();

      // Send order
      int l_ticket = OrderSend(Symbol(), Type, Lotz, MyNormalizeDouble(l_price), Slippage, 0, 0, “”, MagicNumber, 0, l_color);

      // Rety if failure
      if (l_ticket == -1)
      {
      while(l_ticket == -1 && TimeCurrent() – l_datetime < 5 && !IsTesting())
      {
      err = GetLastError();
      if (err == 148) return;
      Sleep(1000);
      while (IsTradeContextBusy()) Sleep(1000);
      RefreshRates();
      l_ticket = OrderSend(Symbol(), Type, Lotz, MyNormalizeDouble(l_price), Slippage, 0, 0, “”, MagicNumber, 0, l_color);
      }
      if (l_ticket == -1)
      Print(ShortName +” (OrderSend Error) “+ ErrorDescription(GetLastError()));
      }
      if (l_ticket != -1)
      {
      LastOrderLots = Lotz;
      LastOrderPrice = l_price;
      if (OrderSelect(l_ticket, SELECT_BY_TICKET, MODE_TRADES))
      {
      l_stoploss = MyNormalizeDouble(GetStopLoss(Type, PendingPrice));
      if(!OrderModify(l_ticket, OrderOpenPrice(), l_stoploss, 0, 0, Green))
      Print(ShortName +” (OrderModify Error) “+ ErrorDescription(GetLastError()));
      }
      }
      }

      /**
      * Returns initial stoploss
      * @param int Type
      * @param double ForcedPrice
      * @return double
      */
      double GetStopLoss(int Type, double ForcedPrice = 0)
      {
      double l_sl = 0;
      if(Type == OP_BUY) l_sl = Ask – iATR(Symbol(), 0, ATRPeriod, Shift)*ATRStopMultiplier – (Ask – Bid);
      if(Type == OP_SELL) l_sl = Bid + iATR(Symbol(), 0, ATRPeriod, Shift)*ATRStopMultiplier + (Ask – Bid);
      if(Type == OP_BUYSTOP) l_sl = ForcedPrice – iATR(Symbol(), 0, ATRPeriod, Shift)*ATRStopMultiplier – (Ask – Bid);
      if(Type == OP_SELLSTOP) l_sl = ForcedPrice + iATR(Symbol(), 0, ATRPeriod, Shift)*ATRStopMultiplier + (Ask – Bid);
      return (l_sl);
      }

      /**
      * Returns decimal pip value
      * @return double
      */
      double GetDecimalPip()
      {
      switch(Digits)
      {
      case 5: return(0.0001);
      case 4: return(0.0001);
      case 3: return(0.001);
      default: return(0.01);
      }
      }

      /**
      * Normalizes price
      * @param double price
      * @return double
      */
      double MyNormalizeDouble(double price)
      {
      return (NormalizeDouble(price, Digits));
      }

      /**
      * Get baseline plus deviation
      * @return double
      */
      double getStopLevelInPips()
      {
      double s = MarketInfo(Symbol(), MODE_STOPLEVEL) + 1.0;
      if(Digits == 5) s = s / 10;
      return(s);
      }

    • Nithin Kamath says:

      looks like it will be tricky on algoZ, but you can try on amibroker and use the plugin, check this for knowing more on how you can integrate amibroker onto this: http://www.zerodha.com/z-connect/blog/category/zerodha-amibroker-plugin

  187. Trade_Upaghupta says:

    Hello, i would like to know if the following strategy can be coded:

    Thanks

  188. Sameer_Trader says:

    Will the Algo script running, consider the carry over positions? Suppose I carried a long position from previous trading day, then will the script genate exit signal for that carried over long position?

  189. Sameer_Trader says:

    Can I run the stratergy on two different scripts simulaneosly?

  190. Sameer_Trader says:

    How to get the price at which last signal was generated?
    for example, how to code : exit long when close is below (LONG_PRICE – 50)?

    • Nithin Kamath says:

      Sameer,

      You cannot get the price at which you entered or exited in algoZ, you will have to code this based on your entry signal..

    • niftytrader says:

      on chart right click show running script
      on running script right click open report
      it will show you genrrated signal with time and price

  191. KEERTHI.S says:

    HI,

    CAN YOU WRITE A CODE FOR THE FOLLOWING STRATEGY FOR INTRADAY NIFTY FUTURES FOR 1 MIN INTERVAL.

    BUY SIGNAL. WHEN STOCHASTIC OSCILLATOR %K CROSSES %D FROM BELOW AND RSI IS BELOW 40.

    SELL SIGNAL. WHEN STOCHASTIC OSCILLATOR %K CROSSES %D FROM ABOVE AND RSI IS ABOVE 60.

    BUY : SOPK(9,3,9,EXPONENTIAL)<SOPD(9.3.9,EXPONENTIAL) AND RSI(CLOSE,14)<40

    SELL : SOPK(9,3,9,EXPONENTIAL)>SOPD(9,3,9,EXPONENTIAL) AND RSI(CLOSE, 14)>60

    IS THIS CORRECT? OR

    BUY : CROSSOVER(%K,%D) AND RSI(CLOSE,14)<40

    SELL : CROSSOVER(%D,%K) AND RSI(CLOSE,14)>60

    THANK YOU

  192. vindgatta says:

    Hello NIthin,

    please share me strategy(code) for below script.
    Buy:For RCOM Future ( just example )
    If 14 EMA cross over to 42 EMA with above average daily volume with target of 0.50 praise and stop loss will be cross over of 42 EMA to 14 EMA.

    Regards,
    Vinod

    • Nithin Kamath says:

      You can’t use the volume data, but it is actually simple strategy and mentioned few times in this blog already.

      Buy: EMA(Close,14)> EMA(Close,42)

      Stop loss can’t be a strategy it has to be put in terms of %, check the blog managing script

      Target has to be a strategy and can’t be a price from your purchase..

      Cheers,

  193. Trade_Upaghupta says:

    Hello,
    I had a previous post without an answer, i guess because i may have not expressed myself very well. Anyway, if you can help me with that i will very much appreciate. I have read previous posts on this blog and found something similar to what i want to do. The i saw here is Close>EMA(HIGH,40) AND EMA(HIGH,40)-CLOSE<2. If i understood it well, in this code, the buy entry will happend when the difference between the EMA (HIGH,40) and the last closing price is no greater than 2 points. I want to do something similar, but im not sure on how to write the code. I want to buy when the price of the last candle touches the EMA (CLOSE,17) and the current candle open with no more than 10 points of difference to the EMA (CLOSE,17). Also, i would like to sell when the price pierces the upper bollinger band. Please, could you kindly help me?

    Thanks

  194. abirk says:

    Hi Zerodha,

    Just to modify the strategy a bit

    Buy:
    Condition 1:When stochastics (8,3,4) %K>%D>20 and price crosses above the high of last candle. No buy if % K remains lower than 20 for atleast 5 candles.
    and
    Condition 2:When %K remains above 80 for atleast 5 candles and stochastics (8,3,4) %K>%D (Positive cross over)

    Sell:
    Condition 1:When stochastics (8,3,4) %K<%D<80 and price crosses below the low of last candle. No sale if %k remains abole 80 for atleast 5 candles.
    and
    Condition 2: When % K remains below 20 for atleast 5 candles and stochastics (8,3,4) %K<%D (Negative cross over)

  195. SASIMENON says:

    Pls reply these questions,

    1.Can I use the NISM certificate,of other person as my authorised dealer,to take fully automated Terminal,in my trading a/c
    2.Can I trade on cash,f&O,and currencies,with automated terminal with that certificate,in my trading a/c
    3.Can I trade on different strategies on different scrips and sectors,on fully automated terminal.
    4. How many days it will take,to get it fully automated,if I have already a trading a/c with zerodha.
    5.Should I become an AP/SB,or the Dealer ? to get an automated terminal on my trading a/c.in such a case?

    Awaiting for your reply pls

    with regards,
    sasirammenon.

    • Zerodha says:

      1) No, the NISM certificate should belong to the person who is going to be availing the services of Zerodha.
      2) Yes, you can.
      3) If you are using NEST Pulse, you can run different strategies on different scrips and sectors but it isn’t fully automated… You’ll have to click to execute the trade… Full automation is available with AmiBroker
      4) We’re yet to get approval for complete Automation… Nest Pulse single click to place orders is available.
      5) You should become an AP to get an Automated Trading Terminal.

      Please note that it is Zerodha’s discretion to offer a trading terminal to a retail client.

  196. SASIMENON says:

    Zerodha,

    1.Where would I get Amibroker,to get fully automated,How much it will cost?and the procedures?
    2.Full automation through Amibroker includes execution of trades through strategies or conditions for the day,or expiry ?
    3.Can I use ALGO strategies with Amibroker

    Pls help me to learn and earn Awaiting for your reply soon.

    • Hanan says:

      Our answers:
      1. Check out this link for details: https://www.zerodha.com/main/zerodha-trader-plugin-amibroker.html. Note that the exchange has restrictions on automatic or semi-automatic trading using external programs, so you have to get each strategy of your approved by the exchange before using it. You actually have to demonstrate each strategy to the exchange before they allow you to use it.
      2. algoZ works independently of AmiBroker. Also the strategies written for AmiBroker have a different language and cannot be imported onto algoZ.

      We have loads of articles written here and this is the best place to get started on learning how to use these tools. Since these are high-end tools, there aren’t too many qualified people to train you on these, so it’s best to utilize online resources.

  197. SASIMENON says:

    Zerodha,

    pls arrange a seminar or demo with your kerala office to clarify all our doubts, who is the right person in Kerala,to get a Demo on Amibroker,Nest pulse,features and advantages?
    OR pls call me on 9495716716-SASIMENON.a ZERODHA trader.

    • Hanan says:

      We’ll get someone to call you… πŸ™‚
      Unfortunately, we are not trained to coach our clients on how to use AmiBroker or algoZ. There are a lot of self-help tools which you can use to learn how to trade using these.

  198. abirk says:

    Hi Zerodha,

    Waiting for the code of the following.

    Buy:
    Condition 1:When stochastics (8,3,4) %K>%D>20 and price crosses above the high of last candle. No buy if % K remains lower than 20 for atleast 5 candles.
    and
    Condition 2:When %K remains above 80 for atleast 5 candles and stochastics (8,3,4) %K>%D (Positive cross over)

    Sell:
    Condition 1:When stochastics (8,3,4) %K<%D<80 and price crosses below the low of last candle. No sale if %k remains abole 80 for atleast 5 candles.
    and
    Condition 2: When % K remains below 20 for atleast 5 candles and stochastics (8,3,4) %K<%D (Negative cross over)

    • Hanan says:

      Don’t think we can code “

      Sell:
      Condition 1:When stochastics (8,3,4) %K<%D<80 and price crosses below the low of last candle. No sale if %k remains abole 80 for atleast 5 candles.
      and
      Condition 2: When % K remains below 20 for atleast 5 candles and stochastics (8,3,4) %K<%D (Negative cross over)

  199. SASIMENON says:

    Zerodha,

    If I get Trader terminal ,can I trade fully automated,using simple strategies with ALGOZ ?
    How much will be cost of Amibroker software ,plus plug in, Data, monthly for 5 scrips ?

    pls reply

  200. Roy_Miller says:

    Hi,

    As i dont have enough time to trade so is there any trader who can trade in my account or else they can write script & set the algo z in my account…..

    waiting for your reply.

    [email protected]

    • Hanan says:

      Well, if you don’t have time to trade, automation seems to be the best way forward. Automating your trades requires you to have a lot of knowledge about systems and technical analysis so you can automate or semi-automate your trades. Please read up this blog and the introduction blog on algoZ so that you can get an idea of how to setup your own trading system.

      Zerodha doesn’t manage funds for anyone, but we’re coming up with our ground-breaking product Open Trade very soon. πŸ™‚

  201. SASIMENON says:

    Zerodha,

    Why should we take Amibroker,when we have ZT with ALGOZ ? For a Daytrader?
    Can we fully automate your strategies given with Algoz ,in a Dealer terminal with Zerodha,if it is sucessful and backtested ?

  202. GIREESHBABU says:

    SIR ,

    I WANT TO CODE THE BELOW SYSTEM :-

    INTRADAY SYSTEM – 1

    TURNING POINT = (Previous Close+Open+ATP)/3

    BUY – IF 5 MINUTE TIME FRAME CANDLE CLOSE ABOVE TURNING POINT , THEN PLACE BUY ORDER JUST ABOVE THE LAST 5 MINUTE CANDLE HIGH .

    EXIT – JUST BELOW LAST 30 MINUTES LOW .

    SELL – IF 5 MINUTE TIME FRAME CANDLE CLOSE BELOW TURNING POINT , THEN PLACE SELL ORDER JUST BELOW THE LAST 5 MINUTE CANDLE LOW.

    EXIT – JUST ABOVE LAST 30 MINUTES HIGH .

    INTRADAY SYSTEM – 2

    BUY – IF 5 MINUTE TIME FRAME CANDLE CLOSE ABOVE PIVOT POINT . THEN PLACE BUY ORDER JUST ABOVE THE LAST 5 MINUTES CANDLE HIGH .

    EXIT – IF 5 MINUTE CANDLE CLOSE BELOW LAST SUPPORT LEVEL.

    SELL – IF 5 MINUTE TIME FRAME CANDLE CLOSE BELOW PIVOT POINT . HEN PLACE SELL ORDER JUST BELOW THE LAST 5 MINUTE CANDLE LOW.

    EXIT – IF 5 MINUTE CANDLE CLOSE ABOVE LAST RESISTANCE LEVEL.

    THANKS IN ADVANCE

  203. jobin says:

    sir

    i dont know much about coding and all.i want o know one thing.

    in a particular scrip (if it is DLF) the Rsi crosses 70 or above the graph should show a sell signal and if the rsi is bellow the 30 should show a buy signal.how i can write it ina code style

    waiting for your replay
    job

  204. abirk says:

    Hi Zerodha,

    Still waiting for the code of the following.

    Buy:
    Condition 1:When stochastics (8,3,4) %K>%D>20 and price crosses above the high of last candle. No buy if % K remains lower than 20 for atleast 5 candles.
    and
    Condition 2:When %K remains above 80 for atleast 5 candles and stochastics (8,3,4) %K>%D (Positive cross over)

    Sell:
    Condition 1:When stochastics (8,3,4) %K<%D<80 and price crosses below the low of last candle. No sale if %k remains abole 80 for atleast 5 candles.
    and
    Condition 2: When % K remains below 20 for atleast 5 candles and stochastics (8,3,4) %K<%D (Negative cross over)

  205. jobin says:

    hi zerodha

    sir
    i dont know much about coding and all.i want o know one thing.
    in a particular scrip the Rsi crosses 70 or above the graph should show a sell signal and if the rsi is bellow the 30 should show a buy signal.how i can write it in a code style.For that what i have to do
    waiting for your replay job

  206. chintamani says:

    Kindly advise us code for rsi(14) trendline breakage

    Buy:When RSI(14) DOWNWARD TRENDLINE IS BROKEN

    SELL:When RSI(14) upward trendline is broken .

    Regards.

    • Hanan says:

      This one is easy:

      Buy Expression: RSI(Close,14) < 30
      Sell Expression: RSI(Close,14) > 70

    • chintamani says:

      Sorry,but above may not be correct.We have requested a code which will say about “RSI(CLOSE,14) LINE TRENDLINE”.The one given by you is simply oversold and averbought position of RSI(CLOSE,14).

      I think it is the reply to the previous question repeated here…..erroneously

      “RSI Trendline” breakage may happen at any stage of the RSI values.

      Please correct if wrong.

      Regards

    • Hanan says:

      Chintamani, the kind of strategy you mention is not possible on algoZ. Yes, you can combine two strategies like moving average and RSI to get the desired strategy. Moving averages are as good as trend lines.

      Try this:
      EMA(CLOSE, 12) > EMA (CLOSE, 26) AND RSI (CLOSE, 14) > 70
      EMA(CLOSE, 12) < EMA (CLOSE, 26) AND RSI (CLOSE, 14) < 30

    • chintamani says:

      fine.Thanx.

  207. SanjeevChavan says:

    Hi Nithin,

    Could you please code the below strategy for me.

  208. Varesh says:

    Hi Zerodha,

    Could you please let me know if we have any feature/possibility to real time feed/EOD feed to excel sheet from Zerodha trader ? I need to know this to apply certain criteria and sort out stocks ahead of time before applying strategies into Algoz.

    Thanks.

    • Hanan says:

      Yes, you can. We have a “Link to Excel” feature available on Zerodha Trader which you can use to get intraday, real-time data onto Excel. What you do with it in Excel after that is up to you.
      End of day data is available on Yahoo or Google for free and you can also get it from the exchange website.

      To use the “Link to Excel” facility, please do this:
      First you need to right click on your Market Watch on ZT and select ‘Link to Excel’. In that option, you have to select ‘All Items.’ Then you go to Excel and just do a paste or ‘Ctrl+V’. This will enable streaming quotes on Excel.

      Settings within Excel:
      1. Open Excel – ZT supports Office 2007 and above. You can try other versions of Excel, but the methodology is as described below.
      2. Click the “Office Button” on the top left of your screen.
      3. Click on “Excel Options” at the bottom of the new window.
      4. In the new window, click on “Trust Center” on the left-hand side menu bar.
      5. On the right-hand side, please click on an option called “Trust Center Settings”.
      6. In the new window, click on “Trusted Locations”.
      7. Click on “Add new Location” on the bottom of the window.
      8. Browse and select the “Omnesys” folder from your Program Files.This will enable Excel to receive streaming quotes from ZT.
      Handy Tip: If it does not work, right click on ZT and on the Excel and run both these programs as ‘Administrator.’

  209. Das.Fuhrer says:

    Initiate long when the close is above 3day high average ( 3 HMA) and 3 day close average ( 3SMA) crosses above 8 day close average ( 8 SMA). (stop loss 3 day low average)—

    • Hanan says:

      —Initiate long when the close is above 3day high average ( 3 HMA) and 3 day close average ( 3SMA) crosses above 8 day close average ( 8 SMA). (stop loss 3 day low average)— => (((DHIGH(1) + DHIGH(2) + DHIGH(3)) / 3) < close) and ((sma(close, 3) > sma(close, 8)) SL 3 day’s low: (DLOW(1) + DLOW(2) + DLOW(3)) / 3 this could be profit booking also, you can define the sl when you go live. Initiate short when the close is below 3day low average ( 3 LMA) and 3 day close average ( 3 SMA) crosses below 8 day close average ( 8 SMA). (stop loss 3 day high average)
      => (((DLOW(1) + DLOW(2) + DLOW(3)) / 3) > close) and (sma(low, 3) < sma(close, 8)) SL 3 day’s high: (DHIGH(1) + DHIGH(2) + DHIGH(3)) / 3 this could be profit booking also, you can define the sl when you go live. Requesting you to backtest the strategies before going live.

  210. Aquif says:

    Can you please help with expression in the following case

    Buy when previous RSI30. Also Current low< previous candle low. Sell when previous RSI>60 and current RSI Previous candle high
    Basically i would like to have expression to find RSI divergence

    • Hanan says:

      Buy when previous RSI<30 and current RSI>30. Also Current low< previous candle low. Sell when previous RSI>60 and current RSI<60. Also current High > Previous candle high Basically i would like to have expression to find RSI divergence
      Buy:
      (REF(RSI(CLOSE, 14), 1) < 30) AND (RSI(CLOSE, 14) > 30) AND (LOW < REF(LOW, 1))
      Sell:
      (REF(RSI(CLOSE, 14), 1) > 60) AND (RSI(CLOSE, 14) < 60) AND (HIGH > REF(HIGH, 1)) RSI divergence: Currently not available in pulse.

  211. Sidharath says:

    Hi Sir,
    can u give me the buy and sell expression for the below strategy:
    # Calculate the x period simple moving average . Use the end-of-minute prices.. Let’s say it as reference_1.
    # Compute a point that is 1% above reference_1. Let’s call it as reference_2. E.g. If X period simple moving average is 6000, then ref_1 = 6000 and ref_2 = 6060.
    # Starting position = FLAT.
    # At the end of any minute, if price > ref_2, go LONG.
    # When position is LONG, at the end of any minute, if price < ref_1, close the long position.
    Anticipating great amount of support in this regard

  212. niftytrader says:

    HI
    ZERODHA
    can you code this ADX(10)is increasing for eg:- from 20 to 21 to 22……
    I just want a code to catch trades when ADX is increasing.
    THANK YOU

  213. SanjeevChavan says:

    Hi Nithin,

    Could you please code the below strategy for me.

    For Long Entry:
    1. EMA(3) crossing EMA(13)
    2. ADX(14) greater than 20
    3. CCI(14) greater than 100

    For Exit
    1. candle closing below SMA(26) or
    2. CCI(14) less than -100

  214. currencyandnifty.com says:

    ZERODHA TRADERS,WHO ARE IN NEED OF PROFITABLE STRATEGIES,CAN CONTACT US-MAIL TO:

    [email protected]

  215. stockmrkking says:

    Hello,

    I would like to know how to call functions.

    Thanks

    • Hanan says:

      Check out this link to figure out how to code on algoZ. All the information you need on how to call a function is available here. You need to have some kind of programming knowledge or you need to be computer savvy to work with this.

  216. rbtj says:

    Hey,

    First of all thanks a ton for your efforts !! πŸ™‚

    A few queries

    1. Can the variable(s) calculated in the previous condition check be used in the next check.
    Say I use “SET A =” function and the BUY or SELL expression returns FALSE. Can I use this information (that it returned FALSE) in the next check ?

    2. How do you incorporate memory element ?
    Say I use SET B= some function in the BUY expression. After 10 intervals, can I use the value of REF(B,10) ??

    3. Explain LOOP function. Is this similar to array in C++.

    Thanks again !

    • Hanan says:

      Hi!

      It seems that your strategy requires our developers to directly interact with you. Could you please share your client ID at Zerodha and your contact number so we can get them to talk to you directly and assist you with the strategy?

  217. Sameer_Trader says:

    In algoZ trading, Suppose the system puts a long order on exchange along with a stoploss and the stoploss gets triggered for below stratergy .So the long position is closed because of stoploss and not due to buy exit condition. Now when the sell condition becomes true at some point, will the system first execute buy exit and then opens short position? or does the system knows that the long is closed due to stoploss and only opens a short position?

    Buy: EMA(Close,7)>EMA(Close,14) Sell: EMA(Close,7)<EMA(Close,14)

    Buy exit: 0 Sell exit: 0

  218. Sameer_Trader says:

    what are the charges and procedure to fully automate trading as per new regulations? Please let me kniw.
    Thanks

    • Sameer,

      Fully automation is not possible on a retail client terminal. You will need a dealer terminal which would mean that you need to register on the exchange as an Authorized person of Zerodha, costs around 10k. Once done, you need to get approval for your strategy from the exchange and running cost for the strategy, which can be anywhere between 2k to 50k per month based on what you want. Send your contact to [email protected], he will get in touch and explain you more.

  219. kasi says:

    Please give code for MACD HISTOGRAM.

  220. jiroo says:

    How I can add formulas and back test the formula in nest plus. Please describe
    Did you know any successful strategies with 95% accuracy?
    Or how I can collect a successful strategy from the best earning member of zerodha?

    Give me a code for triangular moving average for 5 days with top and bottom with sell buy signal and avoid signals in flat movements

    • Check this link has examples on how to add formula and backtest. This blog has examples on strategies asked by our clients.

      Presently we don’t have a strategy exchange kind of program, but we are planning for one.

      About triangular moving average, can you be more specific with all the conditions you want to code.

  221. Manikandan R says:

    Hi Nithin, I am Manikandan from Chennai …. a client and an AP for Zerodha … I have a simple constant strategy in Bank Nifty Futures, with no If and but logic …

    I have back-tested that for the last 9 years and it gives 70 fold returns on capital, with max negative MTM of 2000 points in bank nifty at any point of time … Accuracy at 70% ….

    I have explained this to Bosco in person in Chennai … He should too inform you about this …
    I want this logic automated so that clients can allocate budget and follow it (The logic is very simple and it should be very very easy to automate) …

    I have explained the back-tested results in a video … If you can spend 10 mins, you can watch it at http://www.youtube.com/watch?v=XaKek5-H2NM

    If you can spend some time, i can explain in detail ….

    • Thanks Mani,

      It is a little tricky automating, because exchanges presently don’t let retail to automate strategies. I am forwarding this to Nikhil to have a look, you can connect to him on [email protected], he takes care of our trading desk. Will also speak to bosco about this.

      • Manikandan R says:

        okay … To add more info, the constant strategy i talk about only involves time based orders, twice a day ….

        Does the exchange also restrict putting in time based orders? I mean, a mechanism where i can make it recursive … I will look forward to get in touch with Nithin for further discussions …

        Thanks for your timely response …

  222. tirumal says:

    dear team

    please mack a code below given expresoine

    ema highe 20,ema low 20 and with ema 200
    signeal should be come when cross both ema (EMA-H20,EMA-L20) to cross EMA-200

  223. sonaimana says:

    hi
    as all of the code give signal whenever meet the given criteria , as well as the order also generated on the same candle. I want to get order alert above/below the high/low price of the signal candle with a percentage filter. how can it be coded?
    For example: Closing price is above 13 ema and cci is greater than 50, buy above the high of this candle with addition to a percentage filter (say 0.5%) and vice versa for sell.

  224. sonaimana says:

    OK..
    But what about my code and setting for the given example asked…”For example: Closing price is above 13 ema and cci is greater than 50, buy above the high of this candle with addition to a percentage filter (say 0.5%) and vice versa for sell.”
    Thanks..

  225. Dinesh says:

    Hi,

    i need a code for the below AFL, will that be possible?

    _SECTION_BEGIN(“Price”);
    SetChartOptions(0,chartShowArrows|chartShowDates);
    _N(Title = StrFormat(“{{NAME}} – {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}”, O, H, L, C, SelectedValue( ROC( C, 1 ) ) ));
    Plot( C, “Close”, ParamColor(“Color”, colorBlack ), styleNoTitle | ParamStyle(“Style”) | GetPriceStyle() );
    _SECTION_END();

    _SECTION_BEGIN(“camarilla levels”);
    //—- pivot points
    DayH = TimeFrameGetPrice(“H”, inDaily, -1); // yesterdays high
    DayL = TimeFrameGetPrice(“L”, inDaily, -1); // low
    DayC = TimeFrameGetPrice(“C”, inDaily, -1); // close
    DayO = TimeFrameGetPrice(“O”, inDaily); // current day open

    // camarilla pivots
    if ( True )
    {
    R = DayH – DayL; // range
    PP = (DayH + DayL + DayO + DayO) / 4 ;
    R4 = (R * 1.1/2)+DayC;
    R3 = (R * 1.1/4)+DayC;
    S3 = DayC-(R * 1.1/4);
    S4 = DayC- (R * 1.1/2);
    }

    Plot(R4, “”,colorGreen,styleDots+styleNoLine);
    Plot(S4, “”,colorDarkBlue,styleDots+styleNoLine);
    Plot(R3, “R3”,colorRed,styleDots+styleNoLine);
    Plot(S3, “S3”,colorDarkBlue,styleDots+styleNoLine);
    Plot(PP, “”,colorYellow,styleLine);

    //—-
    Title = Name()+” Camarilla”+Date()+ EncodeColor(colorRed)+ ” R3 “+WriteVal(R3,1.2)+EncodeColor(colorGreen)+ ” S3 “+ WriteVal(S3,1.2)+”\n”+EncodeColor(colorGreen)+” Long Breakout above “+WriteVal(R4,1.2)+”\n”+EncodeColor(colorRed)+” Short breakout below “+WriteVal(S4,1.2)
    +”\n”+EncodeColor(colorGreen)+” If Rangebound buy close to “+ WriteVal(S3,1.2)+
    “\n”+EncodeColor(colorRed)+” If Rangebound short close to “+ WriteVal(R3,1.2);

    Filter=1;
    AddColumn(C,”cmp”,1.2);
    AddColumn(R3,”R3″,1.2);
    AddColumn(R4,”R4″,1.2);
    AddColumn(S3,”S3″,1.2);
    AddColumn(S4,”S4″,1.2);
    _SECTION_END();

    ——————————————————————————————————–
    //β€”- pivot points
    DayH = TimeFrameGetPrice(β€œH”, inDaily, -1); // yesterdays high
    DayL = TimeFrameGetPrice(β€œL”, inDaily, -1); // low
    DayC = TimeFrameGetPrice(β€œC”, inDaily, -1); // close
    DayO = TimeFrameGetPrice(β€œO”, inDaily); // current day open

    // camarilla pivots
    if ( True )
    {
    R = DayH – DayL; // range
    PP = (DayH + DayL + DayO + DayO) / 4 ;
    R4 = (R * 1.1/2)+DayC;
    R3 = (R * 1.1/4)+DayC;
    S3 = DayC-(R * 1.1/4);
    S4 = DayC- (R * 1.1/2);
    }

    • Hanan says:

      Dinesh, can you give us the logic behind the code? The problem is that the way codes are written is different for AmiBroker and for Nest Pulse so our developers cannot just pick up the code from here and put it there. Giving us the complete logic behind the strategy will aid in coding.

      • Dinesh says:

        Hi Hanan, I am just trying to use the camarilla statergy πŸ™‚ Hope you understand now.

        • Hanan says:

          Dinesh, our coders wouldn’t be able to decipher the Camarilla Strategy. It would be best if you can write down the logic so we can code it for you. Remember that algoZ is not as advanced as AmiBroker for coding strategies so you have to be able to define the logic in a clear manner for them to code using the tools they have available.

          • Dinesh says:

            I don’t have the Logic for the previous question but here is another strategy.. Could you please let me know if this can be coded.

            Step 1:
            Buy 1 share at current market price (ex: buy 1 at 100.00)
            If 4 points gain then close position if not go to step 2
            Step 2:
            if 2 points loss then buy 2 more shares at 98.00, this step continues whenever there is a 2 points loss and the order quantity doubles for every level it goes down (ex: buy 2 at 98, buy 4 at 96, buy 8 at 94..)

            Exit:
            Close all the positions whenever the point goes up 4 points from the last bought level (let’s say the current price is 96 then it has to close all positions if the point reaches 100), and continue to step 1.

            Thanks,

  226. mohmed says:

    please give me code for this…
    Buy : prime number oscillator 7

    i tried following but its not working
    Buy : PNO(CLOSE)7

    • Hanan says:

      When you enter a strategy code, you need to also enter the exit expression. If you don’t enter exit or sell expression, you need to enter at least 0 there. That should make your strategy work.

  227. Mareeswaran6 says:

    Indicators:
    Bollinger Band
    EMA Period

    Buy Condition:

    1. When previous Bar[low]Touches the Lower Bollinger Band
    2. AND Current bar open above the Lower Bollinger Band
    3. AND Current Bar Open above Close of Previous bar
    4. AND Finally Current bar price should be 2 to 3 pips less than EMA

    Exit Long Conditions:
    1. Exit the long position when current bar touches the EMA.

    Stop Loss:
    1. Low of the previous bar + 2 pips (i.e. the previous bar when we bought)

    Can you please create a strategy for me based on these inputs. Let me know if need any more inputs.

    • Mareeswaran6 says:

      Is below code is correct?

      SET PBarLow = REF[LOW,1]
      SET CBarOpen = REF[OPEN,0]
      SET PBarClose = REF[CLOSE,1]
      SET EMA = EMA(CLOSE,15)

      PBarLow = BBB(CLOSE, 20, 2, EXPONENTIAL) AND
      CBarOpen >= PBarClose AND
      CBarOpen = EMA

      Stop Loss:
      LAST <= PBarLow *.999

  228. drmdave says:

    I want to code the following logic for Amibroker:

    Chart 1 min candle chart intraday
    Indicator 21 Simple Moving Average
    Profit target 21 points
    Stop Loss 9 points
    Trailing stop loss Once the position is in profit by 13 points, 9 points trailing stop loss.

    Buy

    When a candle closes above the 21 SMA, buy when the peak price of this candle is breached by 3 points.
    If the successive candles high is less than 3 points, the entry point is when the price breaches the highest of the precedding candles since signal, by 3 points.

    Sell

    At profit target of 21 points or a trailing stop loss of 9 points once the profit is 13 points
    Or exit when the signal is reversed.

    Re entry

    Once position is closed re-enter if the trend continues and the prices breaches the high of a candle when position was closed by 3 points.

    Short

    When a candle closes below the 21 SMA, short when the low of this candle is breached by 3 points.
    If the successive candles low is less than 3 points, the entry point is when the price breaches the lowest of the precedding candles since signal, by 3 points.

    Cover

    At profit target of 21 points or a trailing stop loss of 9 points once the profit is 13 points
    Or exit when the signal is reversed.

    Once position is closed re-enter if the trend continues and the prices breaches the low of a candle when position was closed by 3 points.

    • Hanan says:

      Hi, here’s your answer.

      Here are the Algo Z codes based on client’s logic:

      Indicator 21 Simple Moving Average.

      – Sma(Close, 21)

      Profit target 21 points

      – Pulse/ AlgoZ doesn’t capture the buy/sell price to define 21 points from buy/sell.

      Stop Loss 9 points

      – You can use cover order feature of Pulse/ AlgoZ. It calculates based on the buy/sell trigger price. it is defined in terms of %age.

      Trailing stop loss Once the position is in profit by 13 points, 9 points trailing stop loss.

      Please check if you have bracket order role, if yes, then you can define and profit booking as well as sl.

      Buy:
      When a candle closes above the 21 SMA, buy when the peak price of this candle is breached by 3 points.

      – Close > Sma(close, 21)

      – (Ref(High, 1) + 3) < Close * This point is not so clear. - (Ref(High, 1) + 3) < Close. This compares the previous bar's high with the current one. If the successive candles high is less than 3 points, the entry point is when the price breaches the highest of the preceding candles since signal, by 3 points. - Pulse/ AlgoZ doesn't capture the buy/sell price. (CLOSE > (MAXOF(REF (HIGH, 1), REF (HIGH, 2))))

      * Compares with the current/close.

      Sell:

      At profit target of 21 points or a trailing stop loss of 9 points once the profit is 13 points.

      – Please check if you have bracket order role, if yes, then you can define and profit booking as well as sl.
      Or exit when the signal is reversed.

      – Close < Sma(close, 21) - (Ref(High, 1) + 3) > Close

      Re entry

      Once position is closed re-enter if the trend continues and the prices breaches the high of a candle when position was closed by 3 points.

      – Pulse/ AlgoZ doesn’t capture the buy/sell price.

      (CLOSE > (MAXOF(REF (HIGH, 1), REF (HIGH, 2))))

      * Compares with the current/close.
      Short:

      When a candle closes below the 21 SMA, short when the low of this candle is breached by 3 points.

      – Close , Sma(close, 21)

      – (Ref(High, 1) + 3) < Close * This point is not so clear. - (Ref(High, 1) + 3) < Close. This compares the previous bar's high with the current one. If the successive candles low is less than 3 points, the entry point is when the price breaches the lowest of the precedding candles since signal, by 3 points. - Pulse/ AlgoZ doesn't capture the buy/sell price. - (Ref(Low, 1) + 3) < Close Cover At profit target of 21 points or a trailing stop loss of 9 points once the profit is 13 points Or exit when the signal is reversed. Once position is closed re-enter if the trend continues and the prices breaches the low of a candle when position was closed by 3 points. - Please check if you have bracket order role, if yes, then you can define and profit booking as well as sl. * Please back test the strategies before applying live to assess the performance. Please revert to us in case you need further assistance.

  229. DM0969 says:

    Hi Team,

    Can you please help with the

    Buy Expression for:
    When the stock closes above its 3 month high candle

    Thanks,
    Mahesh