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Bullish ADX

This bullish strategy alerts an entry when a strong bullish trend emerges. Aroon Oscillator is used to gauge the direction while ADX is used for measuring the strength.

Order Type

MIS

Position Type

BUY

Time Frame

hour

Entry Conditions

Aroon up(14,0) crosses above Aroon down(14,0) and ADX(14,0) higher than 30

BUY 100 shares when Aroon up(14,0) crosses above Aroon down(14,0) and ADX(14,0) higher than 30 at hour candle interval using Candlestick chart chart. Enter trade between 00:00 to 23:59

Exit Conditions

Aroon up(14,0) crosses below Aroon down(14,0)

SELL 100 shares when Aroon up(14,0) crosses below Aroon down(14,0) or at stop loss % of 1 or target profit % of 2 at hour candle interval using Candlestick chart chart.

Stop Loss

1

Target Profit

2

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