Help me create a strategy to enter every 15 min candle of Bank Nifty
Thanks in advance
Can you specify the strategy?
Hi Parvinder,
Nth candle indicator is used to access the open, high, low, and close of any candle of that day. The candle number starts with 1 (and not “0” as defined by you) which represents the first candle of the day, similarly, candle number 2 defines 2nd candle of the day, and so on.
In the above conditions, you can use offset 1(instead of “0”) for eg:
Matches any
Nth candle(open,15 min,1) higher than PrevN(Close,-1,day)
Nth candle(open, 15 min, 1) lower than PrevN(Close,-1,day)
Now, let’s decode the above condition :
Streak will trigger an alert when any of the below conditions is true:
The first 15 min candle’s open price is higher than the previous day’s close
The first 15 min candle’s open price is lower than the previous day’s close
Now, as your requirement to enter every 15 min, note that once a trigger is generated and consequently entered by the user, the next alert will only be generated when the previous position is closed(assuming stop loss/target profit is triggered). For this, you can deploy your strategy for multiple strategy cycles.
For more information, you can refer to
https://help.streak.tech/indicators/#nth-candle
https://help.streak.tech/backtest/#strategy-cycle