i found one interesting strategy in fyers software, i really appreciate the team fyers for creating a wonderful software :
what i observed i share here, is it possible to make a customozied scanner for the below concept, kindly have a look on my strategy :
Pick stocks (NSE 50), which come under intraday recovery tool, top 10 stocks from gainer, and top 10 from loser
Volume also important.
bring two moving averages in chart EMA 5 and EMA 20
EMA 5 > EMA 20 -> Trend ready for buy
EMA 5 < EMA 20 -> Trend ready for sell
now,
check 1 hour highest high and lowest low ( 9.15 am - 10.15 am) , if a script breaks opening range high along with ema uptrend, alert a buy signal
similarly f a script breaks the opening range low along with ema downtrend, alert a sell signal
this strategy gave 90% gain past 1 week
i want the intraday recovery tool to be used more effectively , this is one of the methods, which we can make profits
stoploss will be 1 percent from entry price, and target will be 1 %