I need the alert coding for 2% defference of gapup and gapdow when the market start

Algos, strategies, code
1

I need the alert coding for 2% defference of gapup and gapdow when the market start.

2

As per the above condition based on percentage it is not possible with tradescript on gapup and gapdown

3

It is possible to code the same in Amibroker.

//-----------------------------------------------------------------------------------------------
//
//  Formula Name:    Percentage change exploration
//  Author/Uploader: Neotrade Analytics Pvt Ltd 
//  E-mail:          [email protected]
//  Website          www.neotradeanalytics.com/algobase.neotradeanalytics.com
//
//-------------------------Summary of AFL-------------------------------------------------------
//This AFL produces exploration results when stock opens more than +/- 2% 
//----------------------------------------------------------------------------------------------

_SECTION_BEGIN("Percentage change exploration");
Plot( C, "Close", colorBlack, styleNoTitle | ParamStyle("Style") | GetPriceStyle() ); 
Pricediff = 0;

TimeFrameSet(inDaily);
//Get daily open
dailyOpen  = Open;
dailyhigh = High;
dailylow = Low;
//Get previous day close
prevclose = Ref(Close,-1);

Pricediff =  dailyOpen - prevclose;
//Calculate the percentage
Percentdiff = (Pricediff/prevclose) * 100;

tradingalert = IIf((Percentdiff>=2), 1, IIf((Percentdiff<=-2), 1,0) );

Filter = tradingalert;

AddColumn(prevclose, "prevclose",1.2); 
AddColumn(open, "close",1.2); 
AddColumn(Percentdiff, "Percentdiff",1.2); 

TimeFrameRestore();
_SECTION_END("");

Please find the Amibroker afl code which provides results in exploration when run on all the stocks.

Regards

Vivith

4

yes dude!! we can only implement very limited amount of strategies using Trade Script !!The Easiest Programming Language for Traders but with languages like Python and R we have higher possibilities success!!!