Hi Everyone, just wondering if it is possible write this simple code for the trade setup below
Objective is to find those stocks that pullbacks to test the moving average before rebounding up. This is the scenario i have thought of,
Time frame used : Daily Time Frame
Indicators used : 20Day and 40Day Simple Moving Averages
Lower indicator : Stochastic RSI (SRSI)
Stocks to have at least 6 months of uptrend, 20MA above 40MA
Condition
Buy Signal A : When Stock price pullbacks and touches the 20MA and the Stochastic RSI indicator is in the oversold region . A warning signal is generated.
Trigger Signal, when the next Day's Price breaks above the Previous Day's HIGH
or Stochastic RSI indicator CUTS above the 20% mark, A BUY Signal is created
Sell Signal : When SRSI indicator CUTS below the 80 % mark, a SELL signal is created
Thank you
Objective is to find those stocks that pullbacks to test the moving average before rebounding up. This is the scenario i have thought of,
Time frame used : Daily Time Frame
Indicators used : 20Day and 40Day Simple Moving Averages
Lower indicator : Stochastic RSI (SRSI)
Stocks to have at least 6 months of uptrend, 20MA above 40MA
Condition
Buy Signal A : When Stock price pullbacks and touches the 20MA and the Stochastic RSI indicator is in the oversold region . A warning signal is generated.
Trigger Signal, when the next Day's Price breaks above the Previous Day's HIGH
or Stochastic RSI indicator CUTS above the 20% mark, A BUY Signal is created
Sell Signal : When SRSI indicator CUTS below the 80 % mark, a SELL signal is created
Thank you
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