Hi team,
Can you create a strategy where the Close crosses above the VWAP on both option and spot chart on 3min and the OI decrease by 5000?
Hi user,
You can refer to the below image to learn how to create the strategy conditions:
You can also refer to the strategy link here: Streak | World's first algo trading platform without coding
Please note that the Index is not tradeable and doesn’t have any Volume. As a workaround, we have created the conditions on the FUT contract.
The strategy will generate an entry alert on the current monthly Bank Nifty ATM CE option (long position) when the Close crosses above VWAP on the current monthly Bank Nifty FUT(NOV) and the Close crosses above VWAP on the dynamically selected ATM option chart and when the open interest of the option contract decreases by 5000 from the previous candle’s open interest. Kindly note that you will have to manually update the FUT contract upon expiry.
If you have any more queries you can ask here and I’ll be happy to help. Alternatively, you can also reach out to us at [email protected]
You can also have a look at this https://scanners.streak.tech/scanner/volume-gainers-with-bullish-trend-for-bank-nifty-options Free Intraday Scanner which is helpful for Bank Nifty Options Trading. This is free with Kite Login and this volume scanner also gives confidence for options trading.
1 Like