[Streak] [Strategy] Can we build a strategy that buys Nifty Weekly Call if Put goes below day low and vice-versa?

Algos, strategies, code
1

Let’s say current ATM Strike for Nifty 50 is 22050.

Now, if Nifty 22050 PE goes below day low, Buy Nifty 22050 CE and then exit at chosen percent of profit or chosen stop loss.

Similarly, if Nifty 22050 CE goes below day low, immediately buy 22050 PE and then exit at profit or SL.

I am very new to this, so I apologise if this is a very stupid question.
I request you to give me an answer to this question and some learning resources for building streak strategy.

TIA.

2

@Streak can you.

1 Like
3

Hi @Aaditya_Brahmbhatt ,
We do have day low indicator. If you have any specific level then you can specify manually saying close goes below / crosses below specific level.

Thanks
Streak