Booming Bull:VWAP + Stoch RSI + Multi-Pivot — Strategy by The_Stock_Yogi
By The_Stock_Yogi
Performance Metrics
- Author: The_Stock_Yogi
- Symbol: NSE:RELIANCE
- Timeframe: 5 minutes
- Net P&L: +83,732.60 INR (+1.67%)
- Win Rate: 43.9%
- Profit Factor: 1.282
- Max Drawdown: 29,134.75 INR (0.58%)
- Total Trades: 296
Description
Booming Bull: VWAP + Stoch RSI + Multi-Pivot StrategyOverviewThis strategy is an automated implementation of the "Ultimate Intraday Strategy" popularized by Anish Singh Thakur (Booming Bulls). It combines Trend (VWAP), Momentum (Stochastic RSI), and Value Levels (Daily Fibonacci Pivots) to capture high-probability intraday reversals and breakouts.Core LogicThe strategy operates on a 5-minute timeframe and relies on a triple-confirmation system:The Filter (VWAP): Ensures we only trade in the direction of the daily average price. Buy above VWAP, Sell below VWAP.The Trigger (Pivot Points): Uses Fibonacci Daily Pivots (P, R1-R3, S1-S3). A trade is only considered when the price physically crosses one of these key levels.The Momentum (Stochastic RSI): Confirms that the momentum is shifting in our favor to avoid "fake-outs."Key FeaturesEfficiency Filter (Toggle):ON: Allows for smoother entries. It triggers if the Pivot is crossed while VWAP and Stoch RSI are already in a bullish/bearish state.OFF: Requires all three indicators to "snap" and cross on the exact same candle (more conservative).Multi-Pivot Entry: Unlike standard versions that only look at the central Pivot (P), this script can be toggled to trigger entries on S1, S2, S3 or R1, R2, R3 levels.Automated Risk Management: * Choose between a fixed 1% Price Target or a dynamic Risk/Reward (1:1.5) target.Stop Loss is automatically placed at the high/low of the entry candle for precise risk control.Intraday Auto-Exit: All positions are forcibly closed at 15:00 (3:00 PM IST) to avoid overnight gaps and volatility.How to UseTimeframe: Optimized for the 5-minute chart.Session: Defaulted to Indian Standard Time (GMT+530).Execution: Use the "Strategy Tester" tab to view backtest results for your favorite stocks (e.g., Bajaj Finance, Reliance, Nifty).