freakeans0

Intraday Strategy

This script helps you to determine entry for long trades and short trades.



Conditions checked:-

1. VWAP for long/short
2. 20 EMA for confirmation
3. STOCHASTIC RSI for momentum




How to enter:-

After the indicator plots the entry for long/short on chart, wait for the price to break nearest pivot point and close above it. Combine with price action for better results.
when long signal is plotted, wait for the nearest resistance to be broken, while entering make sure that the price has not been in a continues uptrend or downtrend.





Time Frame:-

5 & 15 minutes timeframe




When to exit:-

Exit the position after 1% raise of price. eg:- if stock price is 1000, exit after 10 points. you can trail SL if you see a long trend comming



Where to place SL :-
  • Place your SL 0.5%-1% from you entry or determine the nearest support.
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