This Strategy is based of Subhashish Pani's (power of stocks) 5 EMA Strategy.strategy used for sell in 5 minutes and for buy in 15 minutes ..
Rules for this strategy ..
Sell signal -
1) if price is above 5 Ema and not touching Ema use as alert candle..
2) if price break low of alert candle strategy open trade ..
3) if price move more upside low of alert candle...
I'm just converting the IB and 5 ema trading strategy of Power Of Stocks YouTube Channel run by Mr Subashish Pani into Pinescript
These are very simple and easy to follow intraday strategy. Best works in 15min TF
I've added the R:R ratio price line so that it's easy to place the order in the terminal.
#POWEROFSTOCKS
