STARTEGY LOGIC - Startegy involves 4 components to initiate a trade. 1). Simple moving average cross for trend confirmation. 2). ADX (higher time frame) for trend confirmation. 3). RSI for momentum confirmation. 4). Price Action confirmation in form of range breakout to TRIGGER a trade. Range breaakout is inspired from Donchain Channels
EXIT LOGIC - Close above / below the SMA (simple moving average) in oppoite direction.
TRADE TYPE - Swing Trading HOLDING PERIOD - As long as Trend remains and till EXIT signal appears.
TRADE METHOD ----- METHOD 1 - BUY / SHORT NIFTY Futures as per the trend direction.
METHOD 2 - OPTION SELLING. At The Money (ATM) Weekly Options can be sold to gain premium decay (theta decay). This process can be continued to sell ATM option every week till the trade signal is active.
NOTE 1 - Option Selling can be more profitable in weekly option selling but also carries risk. One must have deep knowledge about risks related to Option Selling.
NOTE 2 - Please analyse the trade signals from this startegy for some period to gain confidence before starting to trade.
NOTE 3 - Trading is a serious business and one must consult a financial advisor before taking a trade. Profits / Loss from this script (strategy) is completely individual user's responsibility.
Este script é publicado como de código fechado e você pode usá-lo livremente. Você pode favoritá-lo para utilizá-lo em um gráfico. Você não pode visualizar ou modificar seu código fonte.
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.