Amibroker script to identify good strength, starting of the uptrend stock among all NSE stocks for next couple of days as a positional trading and get profit atleast 30%-50% in terms of rocket gain.
Logic used: 1. MACD indicator with default setting (12, 26, 9) in daily, weekly and monthly charts 2. MACD about to cross zero lines in all 3 charts 3. MACD signal can be used only beginning of the uptrend across all 3 timeframe.
1. First top 20 rank stocks are displayed in chorological order as a rank system with respect to good strength and beginning of the uptrend on daily basis by exploring or scanning all NSE symbols.
2. All the time frame charts having buy and sell signal indicators based on good strength and beginning of the uptrend.
3. MACD about to cross zero line having good strength and uptrend has more effective stock which is top most rank during exploring or scanning.
4. If above conditions false, these stocks will not be displayed in exploring or scanning window.