Awesome Strategy

This is combination of 3 Indicators, available on trading View, which is best use for Indian Indices.
Heikin Ashi ( 15 minutes Time frame )
Supertrend (4,2)
RSI (14) Overbought 55 , Oversold 45
SMII ( 15,8,4 )

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Buy
When 3 conditions satisfied
1.Supertrend shows bullish signal.
2. RSI is above 55.
3. SMII is showing Bullish Crossover.

Book Profit
1. When Supertrend turns Red.
2. RSI is in 70-100 range.

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Sell
When 3 conditions satisfied
1. Supertrend Shows Bearish signal.
2. RSI is below 45.
3. SMII is showing Bearish Crossover.

Book profit
1. When Supertrend get red.
2. RSI is in 00-30 range.

Just use this simple strategy and make money.

Thanks,
Manohar Bauskar

Kommentera:

It works on Higher Time frames as well. 15 Minutes Time frame recommended for option traders. Equity traders can use this on Higher time frames.

Kommentera:

Sorry For TYpo. Sell> Book Profit > When Supertrend Shows Bullish Signal.