Traders like charts with special bars, since they let the price curve appear smoother and more predictable as it really is. Some types of bars, such as Renko bars, even use fake prices for generating curves that appear to move straight upwards or downwards. In the TASC November issue, Mohamed Ashraf and Mohamed Meregy presented the Points and Line Chart that avoids this problem. At least in the standard variant, the prices in the chart are real, and can be used with indicators. In this article I’ll explain the usage of special bars with Zorro, and how ChatGPT can help with generating code. Continue reading “The Points-and-Line Chart”
Tag: Amibroker
A Better Stock Rotation System
A stock rotation system is normally a safe haven, compared to other algorithmic systems. There’s no risk of losing all capital, and you can expect small but steady gains. The catch: Most of those systems, and also the ETFs derived from them, do not fare better than the stock index. Many fare even worse. But how can you make sure that your rotation strategy beats the index? There is a way.