PLease help me in coding my stratergy pivot stratergy
10 min chart
Buy: When price crosses above any of the pivot lines(s3,s2,s1,pp,r1,r2,r3) and dont want further repeated signal after the first price cross over the pivot lines
example: Price has crossed above s3, i want signal further repeated signal when it crosses above s2,s1,pp,r1,r2,r3 i dont want buy signal.
RSI above 20
Macd hist greater than 0.05
SL: Previous candle low or price crosses below the pivot lines ((s3,s2,s1,pp,r1,r2,r3).
Exit Long: When prices crosses below any of the pivot lines.
Sell: When price crosses below any of the pivot lines(s3,s2,s1,pp,r1,r2,r3).
SL: Previous candle high or price crosses above the pivot lines ((s3,s2,s1,pp,r1,r2,r3).
RSI below 80
MACD hist lesser than -0.05
Exit Short: When price crosses above any of the above pivot lines.
Now in latest version of Zerodha PI has the pivot point of support and resistance level by default
right click on the charts and select day seperator and you will find the resistance and support levels on the right side of the charts
Dear AlgoGeek,
I know that by right clicking on the chart and selecting day seperator option i can find resistance and support of pivot lines on the right side of the charts.
Now my question is that i want a stratergy basing on pivot. lines.
10 min chart
Buy: When price crosses above any of the pivot lines(s3,s2,s1,pp,r1,r2,r3) and dont want further repeated signal after the first price cross over the pivot lines
example: Price has crossed above s3, i want signal further repeated signal when it crosses above s2,s1,pp,r1,r2,r3 i dont want buy signal.
RSI above 20
Macd hist greater than 0.05
SL: Previous candle low or price crosses below the pivot lines ((s3,s2,s1,pp,r1,r2,r3).
Exit Long: When prices crosses below any of the pivot lines.
Sell: When price crosses below any of the pivot lines(s3,s2,s1,pp,r1,r2,r3).
SL: Previous candle high or price crosses above the pivot lines ((s3,s2,s1,pp,r1,r2,r3).
RSI below 80
MACD hist lesser than -0.05
Exit Short: When price crosses above any of the above pivot lines.