rsi ma crossover

The strategy initiates a sell position when the momentum and trend turn bearish. The strategy uses RSI Moving Averages and the RSI indicator. Suitable for bearish trending markets.

Order Type

CNC/NRML

Position Type

BUY

Time Frame

hour

Entry Conditions

Multitime frame(hour, RSI MA(14,exponential,21,0) crosses above RSI MA(14,exponential,51,0) ) and Multitime frame(hour, RSI(14,0) ) higher than 70

BUY 1 share when Multitime frame(hour, RSI MA(14,exponential,21,0) crosses above RSI MA(14,exponential,51,0) ) and Multitime frame(hour, RSI(14,0) ) higher than 70 at hour candle interval using Candlestick chart chart. Enter trade between 00:00 to 23:59

Exit Conditions

Multitime frame(hour, RSI MA(14,exponential,21,0) crosses below RSI MA(14,exponential,51,0) ) and Multitime frame(hour, RSI(14,0) ) lower than 30

SELL 1 share when Multitime frame(hour, RSI MA(14,exponential,21,0) crosses below RSI MA(14,exponential,51,0) ) and Multitime frame(hour, RSI(14,0) ) lower than 30 or at stop loss % of 5 or target profit % of 100 with a Trailing SL % of 5 at hour candle interval using Candlestick chart chart.

Stop Loss

Target Profit

100

Stocks

NSE
BPCL
NSE
DRREDDY
NSE
SBIN
NSE
ADANIENT
NSE
INDUSINDBK
NSE
HEROMOTOCO
NSE
UPL