Below is a simple AFL script to detect the Falling Three Methods in Amibroker: // Falling Three Methods AFL Code for Amibroker _SECTION_BEGIN(“Falling Three Methods”); FirstBearish = Ref(Close, -4) ThreeSmallBullish = Ref(Close, -3) > Ref(Open, -3) AND Ref(Close, -2) > Ref(Open, -2) AND Ref(Close, -1) > Ref(Open, -1); WithinRange = Ref(High, -3) Ref(Low, -4)…
Below is a simple AFL script to detect the Bearish Harami in Amibroker: // Bearish Harami AFL Code for Amibroker _SECTION_BEGIN(“Bearish Harami”); FirstBullish = Ref(Close, -1) > Ref(Open, -1); SecondBearish = Close SmallCandle = (High – Low) Contained = Open Ref(Open, -1); BearishHarami = FirstBullish AND SecondBearish AND SmallCandle AND Contained; PlotShapes(IIf(BearishHarami,…
Are you dreaming of quitting your 9 to 5 job to become a successful day trader? If so, it’s crucial to understand why the ‘$25,000 minimum requirement’ (pattern day trading rule – PDT) seems like a roadblock for many aspiring stock traders. With surveys showing that the majority of Americans across all generations have significantly…
You are reading Dragonfly Doji Candlestick Pattern: How to Confirm & Trade It Successfully by Enlightened Stock Trading originally posted on the Enlightened Stock Trading blog. Traders always look for technical indicators that reveal shifts in market sentiment and trend direction. The Dragonfly Doji candlestick pattern is a Japanese candlestick pattern that suggests a potential…
Most traders believe success is all about discipline and willpower. They think if they just push harder, force themselves to follow their rules, and “stay strong,” they’ll finally become profitable. Sound familiar? If you’ve tried that approach, you already know where it leads—frustration, burnout, and a string of impulsive trades you swore you’d never take again. But…
When markets trend down, traders look for signs that a trend reversal signal could be near. The Piercing Pattern candlestick is one such Japanese candlestick pattern, often catching the attention of traders who want to anticipate bullish candlestick pattern moves early. But spotting the candle pattern is just the first step. Understanding its market structure,…
Below is a simple AFL script to detect the Tweezer Top in Amibroker: // Tweezer Top AFL Code for Amibroker SameHigh = (Ref(High, -1) == High); FirstBullish = Ref(Close, -1) > Ref(Open, -1); SecondBearish = Close TweezerTop = SameHigh AND FirstBullish AND SecondBearish; PlotShapes(IIf(TweezerTop, shapeStar, shapeNone), colorRed, 0, High); This script finds Tweezer Top patterns…
NYSE margin debt shows how much money investors have borrowed from brokers to buy stocks. When margin debt reaches higher levels, it can signal excessive market optimism and potential vulnerability to any kind of pullback. Two notable instances are the major market downturns in 2000 and 2008. If you decide to trade on margin, you’ll…
In everyday life, our brains rely on shortcuts – psychological biases- to help us make quick decisions. But when it comes to trading, these same biases can wreak havoc on your results. Have you ever: ✔️Chased a stock because “everyone” was buying? (Herd Mentality) ✔️Held onto a losing trade just because you’ve already sunk money into…
You are reading Spinning Top Candlestick Pattern: What It Means & How to Trade It by Enlightened Stock Trading originally posted on the Enlightened Stock Trading blog. Traders are always searching for clues about where the market might head next. The Spinning Top candlestick pattern is one of those signals that suggests indecisiveness in markets,…