The best method for long term success in Stock market is to catch the trend and stay with it. The basic premise behind this assumption is the fact that the ongoing trend continues for a decent time period. It’s difficult to manually scan all the stocks and spot the trending ones. This Amibroker exploration AFL for Philippine Stocks Trending Catcher would make this task easier for you. It scans across all the stocks in your database and assigns Trend score to them. A trend score of greater than 5 signals upward trending stocks while trend score of less than 2 signals downward trending stocks. Anything between 2 to 5 is a state of confusion and you should avoid investing on such stocks.
Philippine Stocks Trending Catcher – AFL Overview
Preferred Time-frame
Daily
Indicators Used
Simple Moving Average, Bollinger Bands, MACD, Aroon Indicator, Stochastic Indicator, RSI, MFI
Bullish Conditions
Current Close is less than Bollinger Band Bottom and previous close is greater than Bollinger band bottom.
Close is greater than Moving average line (20,50 or 100 period)
MACD line crosses signal line
Aroon Oscillator is greater than zero.
StochasticK line is greater than StochasticD line
Current candle RSI is greater than 30 and RSI of previous 2 candles is less than 30.
MFI is less than 20
Bearish Conditions
Current Close is greater than Bollinger Band Top and previous close is less than Bollinger band bottom.
Close is less than Moving average line (20,50 or 100 period)
MACD Signal line crosses MACD
Aroon Oscillator is less than zero.
StochasticD line is greater than StochasticK line
Current candle RSI is less than 70 and RSI of previous 2 candles is greater than 70.
MFI is greater than 80
Trend Score Calculation
Initial Trend Score is zero. 1 point is added for each Bullish condition met. If no Bullish conditions met then Trend score=0, if all Bullish conditions met then Trend score=7
A trend score of greater than 5 signals bullish stocks while trend score of less than 2 signals bearish stocks.
Bullish Conditions
Current Close is less than Bollinger Band Bottom and previous close is greater than Bollinger band bottom.
Close is greater than Moving average line (20,50 or 100 period)
MACD line crosses signal line
Aroon Oscillator is greater than zero.
StochasticK line is greater than StochasticD line
Current candle RSI is greater than 30 and RSI of previous 2 candles is less than 30.
MFI is less than 20
Bearish Conditions
Current Close is greater than Bollinger Band Top and previous close is less than Bollinger band bottom.
Close is less than Moving average line (20,50 or 100 period)
MACD Signal line crosses MACD
Aroon Oscillator is less than zero.
StochasticD line is greater than StochasticK line
Current candle RSI is less than 70 and RSI of previous 2 candles is greater than 70.
MFI is greater than 80
Trend Score Calculation
Initial Trend Score is zero. 1 point is added for each Bullish condition met. If no Bullish conditions met then Trend score=0, if all Bullish conditions met then Trend score=7
A trend score of greater than 5 signals bullish stocks while trend score of less than 2 signals bearish stocks.
Please Download The Excel File Here:
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