The options scanner pinpoints the nifty options contracts with an SMA(21) less than or equal to the SMA(50), while ensuring the RSI(14) is under 50, observed on a 5-minute chart, indicating a potential downtrend and weakened relative strength. This information is highly relevant for those using intraday screeners.
Universe
BankNifty Weekly
Time Frame
10 Minutes
Conditions
Multitime frame(30min, SMA(close, 21, 0) lower than equal to SMA(close, 50, 0) ) and Multitime frame(30min, RSI(14,0) ) lower than 50 and Alligator(jaw,13,8,8,5,5,3,0) and Donchian channel(upper,20,20,0) and ADX(14,0)