Comment on Code your Technical Analysis strategy

sathishprakash commented on 09 Sep 2013, 10:05 AM

NSE F&O – 15 Minuts Candel Chart
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Get First 15 minutes close price and open price – find whether the close price is above or below open price. If it is below, then consider it as 1st DOWN or if it is above, then consider it as 1st UP
Get the next 15 mins close price.
Use the 1st 15 mins close price and compare with the next 15 mins close prices. If the next close price is below the 1st close price, then consider it as 2nd DOWN and use this close price for finding the next DOWN close price. If close price is above the first close price, then consider it as 2nd UP close price.
Find the next close using the last DOWN close price, till it becomes 3rd DOWN.
Like point 5, calculate for 3rd UP.
If any stock becomes 3rd DOWN, then check for next open price, if the DOWN stock goes down, then short the stock or if it goes above buy the stock
Condition for BUY -> 15 paise up for 100 rupees.
Condition for SELL -> 15 paise down for 100 rupees.

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