Reverse Orb

This strategy takes advantage of a market when the sellers had more advantage for some time in an uptrend market. It uses the opening range candle for comparison with the current price to check for reversal.

Entry Conditions

Open(0) lower than Close(0) and Low(0) higher than Opening Range(Close,hour)

BUY 100 shares when Open(0) lower than Close(0) and Low(0) higher than Opening Range(Close,hour) at hour candle interval using Candlestick chart. Enter trade between 00:00 to 23:59

Exit Conditions

High(0) higher than Opening Range(Close,hour)

SELL 100 shares when High(0) higher than Opening Range(Close,hour) or at stop loss % of 3 or target profit % of 99 at hour candle interval using Candlestick chart.

Stop Loss

3

Target Profit

99

Stocks

• NSE

  UPL