AlphaTrend Trading Strategy
Sample AFL Code - AlphaTrend Trading Strategy
What is Alphatrend? Alpha Trend tries to solve those problems such as: 1-To minimize stop losses and overcome sideways market conditions. 2-To have more accurate BUY/SELL signals during trending market conditions. 3- To have significant support and resistance levels. 4- To bring together indicators from different categories that are compatible with each other and make a meaningful combination regarding momentum, trend, volatility, volume and trailing stop loss. Purposes of Alpha Trend: 1- Acts like a dead indicator like its ancestor Magic Trendin sideways market conditions and doesn’t give many false signals. 2- With another line with 2 bars offset off the original one Alpha Trend has BUY and SELL signals from their crossovers. Trading Rules BUY when AlphaTrend line crosses above its 2 bars offset line SELL when Alpha Trend line crosses below its 2 bars offset line
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