Intraday EMA + Supertrend 5 min strategy
Intraday EMA + Supertrend 5 min strategy
Now this strategy is very simple and effective. We need a trending stock or index first not in a range bound.
1. 5 min timeframe
2. Supertrend with setting (5, 1.5)
3. Ema 48 period with High for plotting
4. Ema 48 period with low for plotting
Strategy is simple:
1. Ema forms a channel, when stock(trending stock not sideways) above channel we look for buy entries and when below we look for sell entries.
2. We only take buy entries when a green candle touches supertrend support line and above EMA channel.
3. We only take sell entries when red candle tocuhes supertrend suppport/resistance line and below EMA channel
4. … Read the rest