ScannersStrategies

Bearish stochastics with ADX

A bearish strategy that triggers entry position when massive overselling is indicated by ADX and Stochastic.

Order Type

MIS

Position Type

SELL

Time Frame

5min

Entry Conditions

Stochastic(5,%d,Yes,0) crosses above 20 and ADX(14,0) lower than 22

SELL 100 shares when Stochastic(5,%d,Yes,0) crosses above 20 and ADX(14,0) lower than 22 at 5min candle interval using Candlestick chart chart. Enter trade between 00:00 to 23:59

Exit Conditions

BUY 100 shares at stop loss % of 1 or target profit % of 3 at 5min candle interval using Candlestick chart chart.

Stop Loss

1

Target Profit

3

Stocks

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