I have a strategy which i would want to be coded for ZERODHA PI CHART.
MASTER TRADING STRATEGY.
This strategy is based on SMA crossover. SL to be used is 1% of the script and for NIFTY it is 20 POINTS. If Followed properly this strategy will give profit on all trades everyday. Need backtesting on nifty for SL "thrashing" to check 20 POINTS SL is sufficient or not.
Chart time frame : Equity 5mins
: Nifty 10mins
If 8 SMA is above 14 SMA and candle stick has open price above 8 SMA and 14 SMA - BUY SIGNAL
If 8 SMA below 14 SMA AND candle stick open below 8SMA and 14 sma - SELL SIGNAL.
1> Enclosing a chart Picture which will help you in coding. The chart is for 15th March2016, kindly ignore previous day data that can be seen in the chart.
2> Secondly, can we implement a Intraday scanner in the code which will give alerts when the above mentioned condition is full filled in various selected future scrips or atleast nifty 50 .