strategy when price crosses 5 ema on 5 min TF

Algos, strategies, code
1

hello,
i want to create a strategy which was mentioned in POWER OF STOCKS.

Conditions :
TIME FRAME : 5 MINS
BUY WHEN

  1. EnTry : when close price of 5min candle > 5ema(low)
  2. Exit : when close price of 5 min candle < 5ema(low)

@Streak @ShubhS9 @Karthik @VenuMadhav

2

Hi @sidharth_jain1

I have created a strategy as per your requirement. Click on the below link to view the strategy conditions.

In case this does not match your requirement, kindly elaborate on the strategy idea and share a screenshot of the chart so that I can get more clarity and will assist you further.

Hope this helps.

3

no sir this is not giving correct results
below screenshhot shows my enntry and exit
I HAVE ADDED 2 MORE CONDITIONs:

  1. EnTry : when close price of 5min candle > 5ema(low) AND close price > previous candle high AND volume of that candle > 20 moving avg
  2. Exit : when close price of 5 min candle < 5ema(low)

Screenshot 2022-08-23 at 6.05.32 PM
Screenshot 2022-08-23 at 6.05.32 PM1920×1200 215 KB

4

I’ve updated the strategy as per your requirement. Click on the below link to view the conditions.