Elite Trend Alignment For Intraday — Strategy by rishiatoul
By rishiatoul
Performance Metrics
- Author: rishiatoul
- Symbol: NSE:NIFTY
- Timeframe: 3 minutes
- Net P&L: −551.90 INR (−0.55%)
- Win Rate: 47.1%
- Profit Factor: 0.777
- Max Drawdown: 685.60 INR (0.69%)
- Total Trades: 170
Description
Unique Strategy Highlights:True 2-Candle Validation: I updated the code to check close (current) and close[1] (previous). This ensures the "2 candles close" rule is strictly followed.Gap Adaptation:In-Range: It waits for the 15M EMA break.Gap Up/Down: It uses the 3M EMA as a filter to see if the price is rejecting or supporting the opening move.Target Progression:Step 1: Target the 1H EMA (The "Trend Decider").Step 2: If the 1H EMA is broken, the target shifts to the Daily EMA.Step 3: If the Daily EMA is broken and price sustains, it targets the Weekly EMA or the 0.786 Fibonacci level for a multi-day swing.Major Trend Reversal: If the price reaches the Daily EMA but fails to break it, the strategy will look for an exit ("E") as the trend has failed to flip.Indian Market Ready: Designed for NSE/BSE intraday (3-minute chart) but capable of holding into a swing if the Daily EMA is breached.How to Test:Set your chart to 3 minutes. Look for a stock like Nifty 50 or BankNifty. You will see the B or S only when the 15M trend changes and the 3-minute chart confirms it with two solid closes.Would you like to add an Auto-Trailing Stop Loss that moves your SL to break-even once the 1H EMA target is hit?