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 Candlestick chart. Enter trade between 00:00 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 1 or target profit % of 20 at 5min candle interval using Candlestick chart.

Stop Loss

1

Target Profit

20

Stocks

• NFO-OPT

  BANKNIFTY2420745500CE

• NFO-OPT

  BANKNIFTY2420745500PE

• NFO-OPT

  BANKNIFTY2420745400CE

• NFO-OPT

  BANKNIFTY2420745300CE

• NFO-OPT

  BANKNIFTY2420745200PE

• NFO-OPT

  BANKNIFTY2420745200CE