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Momentum Reversal Long 15-Min Strategy

by TrendSpider Team
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Tailored for long positions using DIA, this strategy utilizes a 15-minute timeframe and is backtested over 7,000 candles. It identifies potential reversal points using momentum indicators combined with specific candlestick patterns. Being developed on an ETF, it might be suitable for similar investment vehicles.

Entry Conditions

All of the following: # "Yankee"
  15min Momentum (5, close) Increased
  Any of the following: # Reversal Candle Entry 2
      15min Doji Evolves
      15min Hammer Evolves
      15min Engulfing Bullish Evolves

Exit Conditions

All of the following: # "Uniform"
  15min Momentum (5, close) Decreased
  Any of the following: # Reversal Candle: Exit Condition
      15min Doji Evolves
      15min Engulfing Bearish Evolves
      15min Inverted Hammer Evolves

Developer Info