The script uses following mechanism to give a signal of BUY if multiple parameters evaluated are all passed.
ENTRY- 1. 5 min MACD should be more than its previous tick 2. 15 min MACD should be more than its previous tick 3. 60 min MACD should be more than its previous tick 4. ADX should be more than 12 5. RSI should be more than 60 6. Stochastic %k should have cross over with %d 7. Bollinger band upper band value should be more than previous tick
EXIT If the 5 min bar price closes below 5 min EMA , it gives an exit signal.
Release Notes
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Added a condition to evaluate MACD on 5 minute time frame whether it is above zero line or not.