Important: The end time should be at least 2 minutes before the intraday square-off time set by your broker
Comment below if you get good returns
Strategy: Entry Exits using PSAR and momentum and trend using and . A is used as filtering
Indicators used :
is a technical indicator that is used to determine the price direction of stocks and it also draws attention to the traders when the price is changing
PSAR helps you:
- Identify when a certain price trend is going to change direction
Indicate the most effective level at which to enter into the trade
Indicate the most effective exit point for the trade
Moving average convergence divergence ( ) is a trend-following that shows the relationship between two moving averages of a security's price. ... Traders may buy the security when the crosses above its signal line and sell—or short—the security when the crosses below the signal line
is intended to chart the current and historical strength or weakness of a stock or market based on the closing prices of a recent trading period.
When trading with the , you would buy a market when the dots move below the current asset price and are green in colour. Alternatively, you would sell a market when the dots move above the current asset price and are red in colour. We use , to ensure that a right trade is picked when PSAR gives an indication. CI is used to stay away from the range bound market as much as possible.
Usage & Best setting :
Choose a good volatile stock and a time frame - 5m.
MA length : 200
threshold : 50
There is stop loss and take profit that can be used to optimise your trade
The template also includes daily square off based on your time.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.