positive rate of change 1

The strategy initiates a buy position when the Rate of Change of Price becomes positive and the stock is above a resistance level. Suitable for bullish trending markets.

Entry Conditions

Close(0) higher than Pivot point(r1,standard,No) and Proc(close,14,0) crosses above Proc MA(close,14,simple,20,0)

BUY 10 shares when Close(0) higher than Pivot point(r1,standard,No) and Proc(close,14,0) crosses above Proc MA(close,14,simple,20,0) at 5min candle interval using Heikin-Ashi chart. Enter trade between 09:30 to 23:59

Exit Conditions

Close(0) crosses below Pivot point(pp,standard,No)

SELL 10 shares when Close(0) crosses below Pivot point(pp,standard,No) or at stop loss % of 0.2 or target profit % of 20 with a Trailing SL % of 5 at 5min candle interval using Heikin-Ashi chart.

Stop Loss

0.2

Target Profit

20

Stocks

• NFO-OPT

  BANKNIFTY2422145500CE

• NFO-OPT

  BANKNIFTY2422145500PE

• NFO-OPT

  BANKNIFTY2422145400PE

• NFO-OPT

  BANKNIFTY2422145400CE

• NFO-OPT

  BANKNIFTY2422145300PE

• NFO-OPT

  BANKNIFTY2421445300PE

• NFO-OPT

  BANKNIFTY2421445200PE

• NFO-OPT

  BANKNIFTY2421445200CE

• NFO-OPT

  BANKNIFTY2421445100PE

• NFO-OPT

  BANKNIFTY2421445100CE