RSI Crossover 60/40- Daily Chart

New: LIVE Alerts now available!

Scanner Guide Scan Examples Feedback

Scan Description: Check daily candle chart for alerts after or before market hours. BUY above previous day's high.. Follow Daily candle chart. RSI(14) indicator marking limits 60/40. Long when RSI(14) crossover 60. Short when RSI(14) cross below 40. Confirm with price action- support, resistance, trend line and candle pattern. Entry LONG: Above high of previous day. Stop Loss: Below low of present swing low. Exit when price close below supertrend(4,1). Entry SHORT: Below Low of previous day. Stop Loss: Above high of present swing high. Exit when price close above supertrend(4,1). For INTRADAY follow same RSI 60/40 strategy, but using 15 minute candle chart. Even for Nifty/Bank Nifty Derivatives. NOTE: MAY USE RSI(8) FOR EARLY ALERTS

Related Screeners

Rsi 60/50/40 strategy-long/short by ujjwal ray- Swing positional trade: follow daily candle chart. rsi(14) indicator marking limits 40/60. bollinger band default setting (20,2). long entry at price when rsi(14) cross over 60/50/40 & price cross over previous day high. short entry at price when daily rsi(14) cross below 60/50/40 & price cross below previous day low. note: for intraday can follow same rsi 60/40 strategy, but using 15 minute candle chart. even for nifty/bank nifty derivatives.
Bullish wma-supertrend-rsi(8) crossover 60 in daily chart- Buy when rsi(8) crossover 60, wma(5) over wma(20), price above supertrend(4,2)
Bearish wma-supertrend-rsi(8) cross below 40 in daily chart- Short when rsi(8) cross below 40, wma-5 below wma-20, price below supertrend(4,2)
Swing positional trade rsi(14) crossover 60 in 75min chart- Buy when rsi(14) crossover 60, price above supertrend(4,2) on hourly chart. stop loss- low of present swing low. exit- when price closes below supertrend(4,2) on hourly or 75min chart. may use rsi(8) for early alert.