Step 1: Set time frame to 5 mins
Step 2: Add VWAP & MACD indicators. MACD gives buying and selling signals. VWAP helps us filter both buying and selling positions.
Step 3: Set default low and high lines.
Step 4: Strategy: when ever any candle crosses the VWAP line above it – take buying position else take selling position + verify the signal using MACD if its giving same signal else wait for the right signal.
Note: If you are beginner take short positions. Avoid greediness.
Note: Analysis content for education purpose only. Before investing do more research, consult your investors.
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