Friday, June 14, 2013

Effort Index AFL

Finally here it is ... the Effort Index AFL...

The afl provides many options which are selectable from the Parameter window.
First option is to plot either the Raw Effort Index or the the Effort Index.
The Raw effort index provides the effort and the result in the same chart. The Result is plotted above the zero line and the Effort is plotted below the zero line. This makes comparison of the Effort and the corresponding Result on a Bar by Bar basis.


The Effort index is the ratio of the Result to Effort which in effort the Result per unit effort..


Also there is an Option for calculating the effort index either the Bar to Bar  or the Spread..

Bar To Bar  Calculation

Spread Calculation

Download the AFL...



Posted by at
Labels: ,

34 comments:

  1. PrasadJune 14, 2013 at 8:59 AM

    Superb

    ReplyDelete
  2. UnknownJune 14, 2013 at 9:11 AM

    Very nice effort sir

    ReplyDelete
  3. bdnewsJune 14, 2013 at 9:24 AM

    Dear sir,
    Thanks a lot for nice afl . we hope more from you . Really you are a great one . In my pc,I cann't see the Bar to Bar option . What can do ?
    Nazrul
    Email : nazrulcpa@gmail.com

    ReplyDelete
  4. Nguyễn Quốc HuyJune 14, 2013 at 9:27 AM

    Wait it along time, i faked lol like that but your work very nice

    ReplyDelete
  5. KarthikJune 14, 2013 at 9:51 AM

    Sorry .. Nazrul..older version of file was uploaded... You will find "Daily Move" instead of "Bar to Bar". Please download the file again

    ReplyDelete
  6. KarthikJune 14, 2013 at 10:01 AM

    Nguyễn good to see that you are trying to experiment yourself.You seemed to have faked it nicely.. Saw you blog. Very nice...

    ReplyDelete
  7. Nguyễn Quốc HuyJune 14, 2013 at 10:10 AM

    thanks sir, thank for your ideas, your shares ...

    ReplyDelete
  8. chatur bachaJune 14, 2013 at 12:24 PM

    Karthik Sir, I am able to find out that the indicator works fine when then market is in uptrend and has reached weakness and the downtrend is onset...but how to use the indicator when the downtrend is going to to end and how will the indicator help

    ReplyDelete
  9. KarthikJune 14, 2013 at 1:38 PM

    Try to look for strength instead of weakness...later i will try to post an example

    ReplyDelete
  10. KarthikJune 14, 2013 at 1:38 PM

    Try to look for strength instead of weakness...later i will try to post an example

    ReplyDelete
  11. venkateshJune 14, 2013 at 9:10 PM

    Sir, i am a great fan of your afl. Can I use this effort afl for COMMODITIES?... i tried it shows only one pane of window contains bars with green only. But in your video contains bars with red and green colors. i will be grateful if you Please explain....

    ReplyDelete
  12. KarthikJune 15, 2013 at 7:36 AM

    Venkatesh You can select the type of chart from parameter window. It is explained in the blog itself.

    ReplyDelete
  13. UnknownJune 17, 2013 at 11:12 PM

    Dear Sir, I try to use but there is no different in the indicator window when I switch from Bar to Bar to Spread. Is it possible to get your complete screen-afl ?
    Thanks for help ! Martin

    ReplyDelete
  14. Nguyễn Quốc HuyJune 18, 2013 at 7:21 AM

    Martin Siegert: you should choose Raw Effor-Result instead of Effort Index.

    ReplyDelete
  15. UnknownJune 20, 2013 at 4:07 AM

    @Nguyen Quoc Huy - Thanks for help - it´s working

    ReplyDelete
  16. Traders GuidesJuly 19, 2013 at 2:52 AM

    Respected sir,
    i am bharath one of the followers of your blogs.if u have time pls send me this afls.thanks in advance.E.mail id:bharath.prasannan@gmail.com
    regds
    P.Bharath

    ReplyDelete
  17. alamgirJuly 25, 2013 at 11:33 PM

    Hi Karthik
    What's the indi at top side? It says VPA but does not look like the VPA1.2 you have released.

    Great work as ususal :)

    Thanks for your reply.

    ReplyDelete
  18. Sip LinAugust 6, 2013 at 5:22 AM

    Hi Karthik,
    I love your post on this "Effort Index AFL". Unfortunately I don't use Amibroker, therefore, I don't really know the logic behind your AFL codes that you have so unselfishly shared with so many of us.

    Can I post you a long question?

    In your "Raw Effort Index" chart, where you have the 'Result' plotted above the zero line and the 'Effort' plotted below the zero line, and you say that this makes comparison of the Effort and the corresponding Result easier visually on a bar-by-bar basis. I understand this part.

    I also believe that your formula for calculating the 'Result' (on a bar-to-bar basis) is Today's Close minus Yesterday's Close.

    My question is:
    1) If your 'Result' is a negative value (i.e. today's close is lesser than yesterday's close) how do you represent that in a scale of 0 to 100 as you have done?

    2) How do you calculate the 'Effort' value based on the available volume information? What's the formula? And once you have calculated that, how do you represent that on a scale of 0 to -100.

    I'm trying to do this on Microsoft Excel and plot it there. Hope you can shed some light as to the formulas to use in order to calculate them in MS Excel.

    Thank you so much.

    ReplyDelete
  19. KarthikAugust 10, 2013 at 9:14 PM

    HI Sip Lin

    The Answers to your questions are as follows

    1) The result is measured as an absolute value

    2) The formulas are very simple actually. We often tend to ignore the information provided by simple things and looks for complicated stuff. Understanding the markets is an art and not science. Having Jurix moving average does make one a better trader :). Anyway the formula in the simple formulas are
    Effort = current Volume / Average volume

    Result is also a ratio of the current with the average

    Both the result and the effort have a very much different scales the challenge is to normalize them to a scale of 0-100%.

    Hope this clarifies your doubts

    Regards

    Karthik

    ReplyDelete
  20. AminurOctober 16, 2013 at 11:32 AM

    Hi karthik
    A nice indication you made truly . Can i ask you a favor can u make it for mt4 platforM

    thanks

    ReplyDelete
  21. UnknownOctober 17, 2013 at 7:36 AM

    It would be very very helpful to have it for mt4.

    kind regards

    ReplyDelete
  22. WinTradeOctober 17, 2013 at 8:32 AM

    Karthik sir
    It is really good thinking and good work from u.i m one of ur fan and follow u from ur VPA blogs days.Thx sir

    ReplyDelete
  23. VISHNU DUTT KAUSHIKOctober 19, 2013 at 12:18 PM

    Dear Sir,
    Please release few more videos on you tube covering different aspects of EFFORT INDEX INDICATOR regarding trend & how we can clearly recognize the BUYING and SELLING actions of SMART MONEY.So that we can take the trade along with same direction as smart money.
    Waiting for your early positive reply.

    Thanks & Regards

    Vishnu Dutt Kaushik
    Delhi(India)
    Email id:- sic996@gmail.com

    ReplyDelete
  24. UnknownOctober 23, 2013 at 7:22 AM

    Sir Your afl in in my top 5. its superb and mind blowing... Thanks Sir

    ReplyDelete
  25. R.P. AGRAWALNovember 18, 2013 at 6:18 AM

    good

    ReplyDelete
  26. UnknownMay 22, 2014 at 9:17 AM

    Very nice indicator....is it possible to get it for thinkorswim platform?

    ReplyDelete
  27. VaibhavJuly 8, 2014 at 1:16 AM

    Hello Sir,

    A great piece of work.

    Thanks for bringing out.

    My best wishes for you.

    Regards,
    Vaibhav

    ReplyDelete
  28. axjoshiAugust 2, 2014 at 8:16 AM

    Pardon my ignorance, but how do we use this indicator to make a trading decision ?

    ReplyDelete
  29. JayMay 31, 2015 at 7:33 PM

    Thank You Sir for this and many other very helpful scripts and notes.
    By the Way your link to 4Shared does not work for this particular afl. I found another copy of the script elsewhere on the web after a quick google search. The version I downloaded has a typo Smin instead of smin. here is my corrected line: snor = (sro - smin)*100/(smax-smin); // Smin looks like typo should be smin . I have ported this line and the rest over to Pine Script. My question is: since the file I downloaded from trade2windotcom has an error is it a true copy? My ported version with my slight correction works fine. I will post it on Tradingview once I am sure I have the correct script.

    Thank you again
    Cheers
    Jayy

    ReplyDelete
  30. Devadas NayakAugust 10, 2015 at 8:06 PM

    The afl is not available

    ReplyDelete
  31. MANOJ GUPTASeptember 26, 2015 at 10:12 PM

    link for afl is no longer valid .... any other new link ...? or the AFL been unshared thereafter ...?

    ReplyDelete
  32. UnknownOctober 25, 2019 at 2:43 PM

    hi sir the afl is not available.pls upload it once more

    ReplyDelete
  33. UnknownMay 4, 2020 at 12:55 AM

    Hi Karthik, hope you are well. Do you have the Effort index on Ninjatrader 8? Would be great if we migrate it. Further to that, where Can contact you please? thanks in advance.

    ReplyDelete
  34. njanaJune 24, 2020 at 1:29 PM

    Superb , Karthikji!!

    My fav MQ4 translated to Amibroker ... WoW

    Waddah Attar stuff https://www.mql5.com/en/forum/177438

    ReplyDelete

Subscribe to: Post Comments (Atom)